- Location
- Bengaluru, KA,IN, IN
- Type
- Full-time
- Department
- Finance
- Experience
- 4+ years
- Education
- Master
- Source
- Eightfold
Description
Fixed Asset Management Capitalize assets in accordance with accounting policies and applicable accounting standards. Maintain and update the Fixed Asset Register (FAR) ensuring completeness and accuracy. Review and process asset additions, transfers, retirements, disposals, and impairments. Calculate and record depreciation/amortization on a monthly basis. Reconcile fixed asset sub-ledgers with the general ledger. Support physical verification of assets and resolve discrepancies. Monitor CWIP (Capital Work-in-Progress) and facilitate timely capitalization. Ensure compliance with internal asset management and capitalization policies. Financial Accounting & Reporting Prepare month-end and year-end fixed asset schedules and reconciliations. Support statutory audits, internal audits, and SOX/internal control requirements. Prepare month-end and year-end fixed asset schedules and reconciliations. Support statutory audits, internal audits, and SOX/internal control requirements. Prepare reports related to capital expenditure (CAPEX) and asset movements. Assist in financial close activities and balance sheet reconciliations. Ensure compliance with Ind AS, IFRS, or US GAAP requirements, as applicable. Review GST applicability on capital asset procurements. Verify GST input tax credit (ITC) eligibility on capital goods. Reconcile GST records with purchase registers and fixed asset records. Support GST audits and respond to tax authority queries. Ensure accurate classification and reporting of capital asset transactions under GST. Review import documentation relating to capital equipment and machinery. Ensure proper accounting of customs duties, IGST, and other import-related taxes. Coordinate with logistics, procurement, and customs brokers for compliance requirements. Maintain records for customs audits and assessments. Monitor compliance with import/export regulations applicable to capital asset acquisitions. Process Improvement & Controls Strengthen internal controls around asset procurement, capitalization, and disposal. Develop and maintain SOPs for fixed asset accounting and compliance processes. Identify automation opportunities and drive process improvements. Partner with procurement, operations, tax, and legal teams on asset-related matters. Strong knowledge of Fixed Asset Accounting and CAPEX management. Working knowledge of GST, TDS, Customs, and Import Compliance. Good understanding of Ind AS, IFRS, or US GAAP. Experience in SAP ERP system is preferred. Advanced proficiency in Microsoft Excel. Bachelor's degree in commerce, Accounting, Finance, or related field. CA Inter / CMA Inter / MBA Finance preferred. 4-8 years of experience in Fixed Asset Accounting and Compliance. Experience in multinational companies or manufacturing organizations preferred.