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Corporate Finance Fixed Assets Team Member

2.00 to 4.00 Years   Mumbai City   03 Jan, 2020
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryTelecom / ISP
Functional AreaFinance / Accounts / TaxSales / BD
EmploymentTypeFull-time

Job Description

  • Ensure timely upload of ADIs duly reconciled with Mass Additions Table for service Capitalization.
  • Running necessary Inventory/FA Interface programs for inventory capitalization and FAR generation.
  • Reviewing of all necessary provisions to be carried in FA/CWIP.
  • Preparation of Circle Trackers for FA/CWIP to be circulated to Circles.
Capitalization of CWIP Material and Services including retirements/decapitalizations,movements etc., thus maintaining the Fixed Asset Register of the Company.
  • To run necessary Reports in Inventory & FA Modules ensuring timely and correct capitalization of CWIP Inventory/Services for Sites RFAID during the month.
  • Running necessary reports/transactions in FA Module post necessary approvals for retirement of Fixed assets.
  • Monitor the KPI of the 3P Agency
Completion of Statutory & Internal Audits pertaining to FA Function.
  • To provide all the required data/back ups/information to the Auditors for the purpose of Audit.
  • To resolve the audit observations in the course of audit.
  • To ensure implementation of the audit recommendations/action plans identified during the finalization of the Audit.
Exception reporting and preparation of key highlights pertaining to monthly activities and presentations for review with the senior management.
  • To prepare the necessary presentations highlighting the keep reporting parameters for FA such as Additions, retirements, decapitalizations, depreciation etc.
  • To prepare necessary presentations highlighting the key reporting parameters related to CWIP such as its movement, ageing and its provisioning
Preparation and circulation of the Fixed Assets Scorecard.
  • Validation of all trackers pertaining to CWIP and Fixed Assets which are circulated amongst the Circles seeking their inputs.
  • Ranking the Circles based on the responses received and accordingly preparation of the Score Card.
  • Finalizing the rankings based on discussions with the Circles.
Monitoring and closing of Physical verification exercise at Circles and process improvements
  • Coordinating with the Circles Finance Head as well as the FA SPOC and the Agency in arriving at the book units/value shortages and/or excess in the PV activity and concluding on the P&L impact for the Circle.
  • Regulatory i.e. FA merger accounting and growth/process improvement initiatives ensuring FA standardization.
Minimum Educational Qualifications to perform this job:
  • Chartered Accountant/Cost Accountant
Knowledge Required
  • Expertize in financial accounting specifically related to Fixed Assets.
Skills / Competencies
  • Expertise in MS-Excel, MS Access, and good working knowledge of ERP -Oracle FI,FA, & Inventory modules.
Relevant Experience (Functions, roles, duration)
  • Must have handled FA Function in any Telecom Organization for at least 2 years.
Hiring Pool (industries, specific organizations from where targeted)
  • Telecom Sector.
,

Keyskills :
java sql unittesting environment fixedassetregister msaccess fixedassets internalaudit financialaccounting physicalverification ep ting

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