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145 Snow Planet Jobs

Senior Accountant - Lease/Fixed Assets Accounting

2-7 years

Hyderabad / Secunderabad

1 vacancy

Senior Accountant - Lease/Fixed Assets Accounting

Snow Planet

posted 13hr ago

Job Description

We are seeking a highly skilled Senior Accountant to join our Capital and infrastructure Accounting team. This role is responsible for Lease and Fixed Assets Accounting, ensuring compliance with US GAAP (ASC 842 & ASC 360), and supporting financial reporting, audits, and process improvements.

What we are looking for:

An energetic and ambitious CA/CPA/CMA with 5+ years of experience in Accounting or Finance, who aims to build a career in Corporate Accounting. You will have the opportunity to learn alongside best-in-class professionals, in a role that will grow as you develop and are able to take on increased responsibility.

Excellent task prioritization and organizational skills are a must, as is the ability to cope with complexity in a fast-paced environment.

What you get to do in this role:

  • Lease Accounting Role:

  • Maintain and manage the lease portfolio across real estate, equipment, and other leased assets.
  • Ensure proper classification of leases (Operating vs. Finance) and accurate financial reporting under ASC 842.
  • Record monthly lease amortization, right-of-use (ROU) asset adjustments, and interest expenses.
  • Prepare and post journal entries related to lease additions, modifications, remeasurements, and terminations.
  • Assist in reviewing and interpreting lease agreements to ensure proper accounting treatment.
  • Maintain and reconcile lease schedules for ROU assets and lease liabilities.
  • Support disclosure requirements for lease accounting in financial statements.
  • Conduct monthly, quarterly, and annual close processes for lease accounting.
  • Perform lease-related account reconciliations, and variance analysis, and ensure accuracy in reporting.
  • Assist in the preparation of financial statements, footnotes, and regulatory reporting related to lease assets.
  • Work with stakeholders to review lease agreements and assess financial impacts.

Fixed Asset Accounting Role:

  • Maintain the fixed asset register and ensure timely capitalization, depreciation, and disposal.
  • Review and analyze capital project costs, ensuring proper accounting treatment per US GAAP (ASC 360)/internal policy.
  • Perform monthly capital expenditure (CapEx) reconciliation and reporting.
  • Partner with business/FP&A to ensure correct capitalization of costs and adherence to accounting policies.
  • Support month-end and quarter-end close processes for fixed assets.
  • Prepare journal entries, reconciliations, and variance analysis for fixed assets accounting.
  • Assist in the preparation of financial statements and disclosures related to fixed assets
  • Ensure compliance with SOX controls, company policies, and US GAAP.
  • Support external and internal audits, providing necessary documentation and closing the audit in a timely manner.
  • Identify opportunities for automation and process improvements in fixed asset and lease accounting.

To be successful in this role you have:

  • 5+ years of accounting experience, preferably in an accounting center of excellence for a US MNC managing close for EMEA & APAC region
  • CA, CPA, CMA, and bachelor s degree

Employment Type: Full Time, Permanent

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Snow Planet Benefits

Child care
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Gymnasium
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Work From Home
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