We are seeking a detail-oriented and organized Accounts Executive – Fixed Asset Management to join our Finance team in a energetic 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