Team Lead-Asset Accounting

Role & responsibilities

• Manage asset capitalization, asset creation, and master data maintenance in ERP systems (SAP/S4HANA).
• Review and process capital expenditure (CapEx) transactions.
• Calculate and monitor monthly depreciation in accordance with accounting policies.

• Perform asset transfers, retirements, sales, scrapping, and impairment accounting.
• Reconcile Fixed Asset Register (FAR) with General Ledger (GL) on a monthly basis.
• Ensure accurate accounting under local GAAP, IFRS, US GAAP, or other applicable accounting standards.
• Prepare month-end, quarter-end, and year-end asset accounting activities.
• Support asset verification exercises and coordinate with plant/site teams.
• Analyze capital work-in-progress (CWIP) and ensure timely capitalization.
• Review depreciation starts dates, useful lifes, and asset classifications.
• Prepare schedules and reports for statutory audits, internal audits, and tax audits.
• Support budgeting, forecasting, and CapEx reporting processes.
• Ensure compliance with SOX/internal controls and company policies.
• Coordinate with cross-functional teams including Finance, Tax, Procurement, and Operations.
• Preparation of monthly Balance Sheet Schedule annexures, MIS reports, variance analysis, and management reporting to support financial closing, audit, and business decision-making.

Preferred candidate profile

• Fixed Asset Accounting
• Asset Capitalization & Depreciation
• FAR vs GL Reconciliation
• CWIP Monitoring
• SAP FI-AA / S4HANA
• Financial Reporting
• Internal Controls & Compliance
• Audit Support
• Analytical & Problem-Solving Skills
• Stakeholder Management
• GAP accounting