Accounts Executive-Fixed Asset Management

Job description

**Job Title** Accounts Executive Fixed Asset Management **Level** L2 / Off role **Job Location** Corporate Office - Bangalore **Reporting to** Manager-Finance **Industry** Retail & Manufacturing **Job Summary:** We are seeking a detail-oriented and organized Accounts Executive – Fixed Asset Management to join our Finance team in a dynamic Retail and Manufacturing environment. This role is crucial for ensuring accurate tracking, capitalization, and reporting of fixed assets across multiple retail outlets and manufacturing facilities. The ideal candidate will play a key role in supporting asset lifecycle management, financial compliance, and audit readiness. **Key Responsibilities:** - Maintain an accurate and up-to-date Fixed Asset Register for all locations including retail stores, warehouses, and manufacturing units. - Capital Material procurement accounting & payment process. - Record all asset transactions (acquisition, capitalization, transfers, disposals, impairments) in compliance with accounting standards (IFRS/GAAP) and company policy. - Monitor and manage Capital Work-in-Progress (CWIP) to ensure timely capitalization upon project completion. - Calculate and record depreciation on a monthly basis using appropriate methods and useful lives for different asset categories. - Conduct periodic asset reconciliations with the general ledger and resolve discrepancies. - Collaborate with procurement, IT, store operations, and plant maintenance teams to track asset movement and usage. - Assist in monthly and year-end closing activities and prepare necessary fixed asset schedules. - Support internal and external audits by preparing asset-related reports, documentation, and providing explanations as required. **Requirements:** - Education: Bachelor’s degree in accounting, Commerce, Finance, or related field. - Experience: 2 - 3 years in accounting or asset management, preferably in retail or manufacturing industries. - Skills: - Solid understanding of fixed asset accounting and lifecycle management. - Experience with ERP systems such as SAP or Oracle - Proficient in MS Excel for data analysis and reporting. - Strong analytical skills with attention to detail. - Excellent communication and coordination abilities. - Ability to work independently and manage multiple site-level stakeholders. **Preferred Qualifications** - Familiarity with inventory and asset control procedures in multi-location operations. - Experience supporting store openings, renovations, or new plant setups from a fixed asset perspective. - Knowledge of taxation rules related to capital assets in retail/manufacturing contexts.