The candidate will be responsible for reviewing CAPEX transactions, validating supporting documentation and approvals, ensuring appropriate accounting and capitalization, and maintaining solid financial controls over the organization's capital expenditure.
Key Responsibilities
1. Review and validate CAPEX transactions against approved budgets, business requirements and authorization matrix.
2. Scrutinize CAPEX requests and supporting documents to ensure completeness, accuracy and appropriate approvals.
3. Verify invoices, Purchase Orders (POs), Goods Receipt Notes (GRNs), PODs and other relevant supporting documents related to CAPEX transactions.
4. Ensure proper classification of expenditure between CAPEX and OPEX based on applicable accounting policies and capitalization criteria.
5. Review the nature of expenditure to determine the appropriate asset category, capitalization treatment and accounting classification.
6. Ensure that CAPEX transactions are recorded in the appropriate GL, cost centre and asset category.
7. Review capitalization of assets and ensure appropriate capitalization dates and values are maintained.
8.
Perform transaction-level checks to identify duplicate, incorrect, unsupported or unauthorized CAPEX transactions.
9. Monitor CAPEX utilization against approved budgets and highlight budget overruns, exceptions and unusual transactions.
10. Coordinate with Finance, Procurement, Operations and other stakeholders to resolve discrepancies in CAPEX documentation and accounting.
11. Perform CAPEX reconciliation between supporting documents, accounting records and fixed asset records.
12. Support Fixed Asset Register (FAR) maintenance and reconciliation with books of accounts.
13. Review asset additions, transfers, disposals and other movements for appropriate accounting treatment.
14. Maintain adequate audit trails and documentation for CAPEX transactions
15. Support internal and statutory audits by providing CAPEX-related schedules, documentation and explanations.
16. Identify gaps in existing CAPEX processes and recommend process improvements and stronger financial controls.
17. Ensure adherence to internal CAPEX policies, approval matrix, SOPs and accounting principles.
📌 Finance Executive (Kolkata)
🏢 Corenza
📍 Kolkata
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