Noida, Uttar Pradesh
Job Summary

Job Description – Fixed Asset Accounting

Role Summary

HCL Job Level

E2

Function / Domain

Fixed Asset Accounting

Role Location

Noida

Positions

1

Experience

5-7 years

Job Profile / Roles and Responsibilities

Manage end-to-end Fixed Asset Accounting activities, including asset capitalization, depreciation, transfers, retirements, disposals, and asset master data maintenance.
Perform monthly, quarterly, and annual fixed asset close activities, ensuring accuracy and compliance with accounting policies.
Execute and monitor depreciation runs, performs depreciation analysis, and prepare related journal entries and reconciliations.
Review, monitor, and manage Capital Work in Progress (CIP) projects, including CIP aging, capitalization readiness assessment, and CIP reconciliations.
Coordinate with Finance Business Partners, Engineering, Operations, and Procurement teams to obtain asset in-service dates and support timely capitalization of assets.
Process Intercompany and Intracompany Asset Transfers and ensures proper accounting treatment and documentation.
Manage asset retirement, disposal, write-off activities, and calculate gains/losses on disposals.
Prepare and post fixed asset accruals, depreciation accruals, reclassification entries, and other month-end journal entries.
Maintain Fixed Asset Register (FAR) and perform subledger-to-general ledger reconciliations to ensure completeness and accuracy of records.
Review asset master data, including useful life, asset class, location, and cost center assignments, and process necessary updates.
Support physical asset verification, asset tagging processes, and maintenance of asset-related documentation and records.
Analyze expense coding and capitalization eligibility, and process OPEX-to-CIP or CIP-to-OPEX reclassification entries where required
Support Internal and External Audits by preparing audit schedules, providing supporting documentation, and responding to audit queries.
Ensure compliance with company policies, SOX controls,



and applicable accounting standards related to fixed assets.
Identify opportunities for process improvements, automation, and standardization within the Fixed Asset Accounting function and support system enhancement initiatives.
Collaborate effectively with cross-functional stakeholders and provide timely resolution to fixed asset, invoice, purchase orders, and accounting-related queries.
Ensure timely completion of reconciliations and follow up on outstanding items to maintain the integrity of financial records.
Required Skills / Experience
5-7 years of experience in Fixed Asset Accounting, including asset capitalization, depreciation, CIP accounting, transfers, and retirements.
Solid hands-on experience with SAP FI-AA/ERP systems, Fixed Asset Register (FAR), depreciation runs, and asset accounting processes
Proven expertise in balance sheet reconciliations, roll-forward schedules, integrity reports, and month-end close activities.
Solid understanding of Fixed Asset accounting principles and related processes.
Experience supporting internal and external audits, including preparation of schedules, reconciliations, and audit documentation.
Strong analytical and problem-solving skills with the ability to independently manage ad hoc accounting queries and stakeholder requests.
Excellent communication, attention to detail, and ability to collaborate effectively with Finance, Operations, Procurement, and Business teams

Education and Shift Requirement

Area

Requirement

Education

CA / CMA / Master of Accounting degree

Shift

Should be ready to work in US shifts

Key Responsibilities
Required Skills / Experience
5-7 years of experience in Fixed Asset Accounting, including asset capitalization,



depreciation, CIP accounting, transfers, and retirements.
Strong hands-on experience with SAP FI-AA/ERP systems, Fixed Asset Register (FAR), depreciation runs, and asset accounting processes
Proven expertise in balance sheet reconciliations, roll-forward schedules, integrity reports, and month-end close activities.
Solid understanding of Fixed Asset accounting principles and related processes.
Experience supporting internal and external audits, including preparation of schedules, reconciliations, and audit documentation.
Strong analytical and problem-solving skills with the ability to independently manage ad hoc accounting queries and stakeholder requests.
Excellent communication, attention to detail, and ability to collaborate effectively with Finance, Operations, Procurement, and Business teams
Skill Requirements
Required Skills / Experience
5-7 years of experience in Fixed Asset Accounting, including asset capitalization, depreciation, CIP accounting, transfers, and retirements.
Strong hands-on experience with SAP FI-AA/ERP systems, Fixed Asset Register (FAR), depreciation runs, and asset accounting processes
Proven expertise in balance sheet reconciliations, roll-forward schedules, integrity reports, and month-end close activities.
Solid understanding of Fixed Asset accounting principles and related processes.
Experience supporting internal and external audits, including preparation of schedules, reconciliations, and audit documentation.
Strong analytical and problem-solving skills with the ability to independently manage ad hoc accounting queries and stakeholder requests.
Excellent communication, attention to detail, and ability to collaborate effectively with Finance, Operations, Procurement, and Business teams
Other Requirements
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📌 Capability Manager(DPO) (India)
🏢 HCLTech
📍 India