Manager - Fixed Asset Accounting and Management

Organisational Setting and Reporting. This position is in the Administration Department at Tenon HQs, Plot No 13, Electronic City, Tenon Lane, Udyog Vihar Ph IV and involves travel upto 20%. The incumbent shall be reporting into AVP Admin and Quality, Tenon Group.

Key Responsibilities

- Remain actively involved in the procurement process of all assets and create necessary Procurement Requests (PRs) as per Tenon Group Processes.

- Responsible to verify the physical quantities and quality of all assets procured across all Tenon Group entities and locations and making Goods Receipt Notes (GRNs) and processing of related bills.

- Make necessary entries of all fixed assets in the Asset Management Module of ERP and update the same after due approvals as and when an asset is transferred, sold, disposed and donated, lost, insurance claim made and so on. Handle backlog in terms of entries pertaining old assets

- Ensure that all assets are insured at all times and relevant claims are made as and when the asset is damaged and lost.

- Be responsible of annual physical verification of all assets located anywhere.

- Study, review and update Internal Controls around key processes of Fixed Assets

- Testing of Internal Controls to ensure correctness of data, compliance and Non-compliance of policies and reporting to the management.

- Creating and updating SOPs/ Process Manuals and testing of process to check any loopholes or fixing the issues identified during implementation.

- Process re-engineering and recommendation for bringing in efficiency and effectiveness in Fixed Asset accounting processes.

- Support stakeholders on capitalization process, depreciation, disposal accounting and manage any changes to Fixed Assets within the specified timelines.

- Manage balance sheet health card by checking critical reconciliations.

- Managing internal as we'll as external auditors. Coordinating for smooth audit and managing points arising out of audit reviews.

- Consolidation of Fixed Assets risk and review the health of key areas.

- Doing special projects helping business to set its process right and help achieving business success.

- Guide cross functional teams in understanding of various processes related to Fixed Assets.

Expectations from the Incumbent:

- A cheerful and hardworking person who takes pride in fulfilling his responsibilities with professional zeal.

- Incumbent needs to have an understanding of fixed asset accounting.

- Have prior experience in Fixed Asset Management of a large company having PAN India deployments/ offices.

- Have advanced people and stakeholder management skills.

- Have expertise in understanding technical and non-technical attributes of procured materials as we'll as on ground measurements and verifications.

- Dealing with people who are not directly reporting to incumbent but who are directly influencing the quality of work and KRA of incumbent.

- Ability to clearly interpret existing SOPs and policies and take independent actions to improve the processes.

- Ability to train people in the asset management processes.

- Keep pace with numerous changes which are happening in accounting methodology across various companies.

- Making a balance between business requirements and control aspects from audit point of view. The role needs to support business requirements without losing grip on control aspect.

- Sound understanding of International Financial reporting Standards (IFRS).

Preferred Qualification: Chartered Accountant/ MBA with 3-5 years of experience in Fixed Asset management. Incumbent should have sound knowledge of asset management, ERP and be an expert in Microsoft Excel, Word and Power Point.