JOB DESCRIPTION:
Fixed Asset Accounting and Control
- Handle end-to-end fixed asset lifecycle, including acquisitions, capitalization, depreciation, impairment and disposals.
- Conduct Physical verification of Fixed Assets.
- Maintaining Fixed asset registers and reconciling with SAP system
- Capital Expenditure Analysis in coordination with business teams.
- Exercise Control on movement of assets and Accounting.
- Preparation of FAR for Statutory Reporting and establishing reconciliation between India & US books.
- Implementing Management Action Plans to remediate the audit observations, if any.
Inventory Accounting & Control:
- Inventory Movement
- Ensure Physical Verification of Inventory
- Purchase Register – Invoice Reconciliation with FI
- Inventory Reconciliation, Qty Movement & FIFO Valuation for local reporting
- Preparation of Purchase Register at Landed Cost
- Custom Duty, CHA & Freight Reconciliation
- Custom Duty Deferment & Schedule preparation
- Coordination with Customer Service & Distribution Center (Belgium, US & Malaysia)
Intercompany Accounting & Review:
- ICB processing in CORA, accounting of Intercompany Transactions ensuring compliance with local tax laws, company policies
- Raising quarterly ICB of CRM R&D & GDSA divisions, monthly ICB of HK warranty
- Co-ordinate with Affiliates for ICB acceptance, getting compliance documents
- Payout of ICBs Payable (including import transactions), also following up with affiliate for collection of ICBs receivable.
- Ensuring Intercompany balance matches with affiliate balances at each month-end on WD2, addressing differences if any in a timely manner.
- Preparing Intercompany Schedules, review & clean-up of old balances in co-ordination with respective affiliates.
- Identifying scope for Cost recovery of expenses incurred to support corporate teams, execution of ICB agreements, set-up accounting process
- Ensuring annual write-off of Cross charges in SAP for each financial year by April month.
Month end Activities & Audit:
- Support preparation of Notes to Accounts for FA, Inventory & Related Party Reporting.
- Monthly reconciliation of Intercompany Mark-up & correction of differences
- Foreign Currency Revaluation for 0L & N2 (post completion of IC accounting & matching of Intercompany balances)
- Support TB review at Month end & BS Split Project
- Expense Analysis – Preparation of schedules
- Support BS Review & Reconciliation
- Support completion of all audits & assessments.
Experience : CA with 7+ years of experience, must have knowledge of SAP ERP, fluent in English and good at Presentation skills.
The base pay for this position is
N/A
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Treasury
DIVISION:
IFO International Finance
LOCATION:
India > Mumbai : BKC Building
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Yes, 15 % of the Time
MEDICAL SURVEILLANCE:
Not Applicable
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)