Maintenance Accounting

Inventory/Lease Accounting

• Record and track inventory-related transactions in the company's accounting system, ensuring all transactions are accurately recorded and compliant with Indian accounting standards in the AMOS Inventory System.
• Prepare and maintain detailed reports on costs, including labor, materials, and external contractor costs, to ensure accurate and timely monthly financial analysis of maintenance expenses and the monthly close of accounts.
• Develop and manage budgets for inventory in collaboration with the Engineering, Stores, etc., ensuring that budgets are realistic, achievable, and cost-effective
• Analyze inventory costs to identify areas for cost savings and process improvements, and implement initiatives to achieve cost savings while maintaining the required level of asset maintenance and repair
• Ensure compliance with accounting principles and internal controls for maintenance expenses, as per Indian accounting standards, to minimize financial risk and ensure regulatory compliance
• Provide financial analysis and insights into inventory expenses for budgeting and forecasting purposes, in line with Indian business practices
• Communicate with other departments, such as maintenance, operations, and procurement, to provide financial analysis and insights into inventory expenses, in line with Indian regulations
• Design and implement an inventory tracking system to optimize inventory control procedures
• Perform monthly financial close process, prepare monthly activities including journal entries related to lease expenses and accruals for the global lease portfolio for aircraft, property, engine etc.in the SAP S4HANA REFX Module Facilitate effective communication with lessors and internal stakeholders to address inquiries and ensure smooth execution of lease-related activities.
• Conduct in-depth financial analyses related to lease terms, costs, and obligations, providing valuable insights for decision-making. Assist with the set-up of all new leases and validation of lease data and attributes to ensure the correct accounting of all lease, MR/SR, redelivery/EOL Costs.

Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. The same would be suitably represented in the Primary responsibilities and agreed between the incumbent, reporting officer and HR.