Job Description

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)

Skills Required