Title:    Team Lead-Asset Accounting

Function:  Finance- Business Shared Services

Work Location: Bangalore 

Job Responsibilities:

• Record fixed assets by creating and supervising a system of procedures, forms, and controls
• Recommend any updates to accounting policies affecting fixed assets to management
• Allocate tag numbers to fixed assets to effectively track them fro time to time
• Record in the accounting system newly acquired fixed assets and those disposed
• Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
• Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger
• Perform depreciation calculation for all fixed assets
• Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets
• Perform asset retirement obligation calculations for ARO applicable assets
• Find out fixed assets’ obsolescence potential
• Carry out periodic reviews on intangible assets’ impairment
• Carry out inventory counts of fixed assets physically
• Recommend fixed assets that should be disposed off to management
• As may be requested by management, perform fixed asset related analyses
• Create fixed asset related audit schedules, and collaborate with auditors on their assignments
• Perform property tax returns report
• Serve as company representative at any audits relating to fixed assets facilitated by a government agency
• Track Company’s fixed asset spending in relation to its capital budget, as well as management authorizations.

Reports To:        Manager, Asset Accounting

Job Requirements:

Qualifications: ICWA Inter

Experience: 5+ years

Functional Skills: SAP and Excel