Fixed Asset Accounting and Control

Handle end-to-end fixed asset lifecycle, including acquisitions, capitalization, depreciation, impairment and disposals.Conduct Physical verification of Fixed Assets.Maintaining Fixed asset registers and reconciling with SAP systemCapital Expenditure Analysis in coordination with business teams.Exercise Control on movement of assets and Accounting.Preparation of FAR for Statutory Reporting and establishing reconciliation between India & US books.Implementing Management Action Plans to remediate the audit observations, if any.

Inventory Accounting & Control:

Inventory MovementEnsure Physical Verification of InventoryPurchase Register – Invoice Reconciliation with FIInventory Reconciliation, Qty Movement & FIFO Valuation for local reporting Preparation of Purchase Register at Landed CostCustom Duty, CHA & Freight ReconciliationCustom Duty Deferment & Schedule preparationCoordination with Customer Service & Distribution Center (Belgium, US & Malaysia)

Intercompany Accounting & Review:

ICB processing in CORA, accounting of Intercompany Transactions ensuring compliance with local tax laws, company policiesRaising quarterly ICB of CRM R&D & GDSA divisions, monthly ICB of HK warrantyCo-ordinate with Affiliates for ICB acceptance, getting compliance documentsPayout of ICBs Payable (including import transactions), also following up with affiliate for collection of ICBs receivable.Ensuring Intercompany balance matches with affiliate balances at each month-end on WD2, addressing differences if any in a timely manner.Preparing Intercompany Schedules, review & clean-up of old balances in co-ordination with respective affiliates.Identifying scope for Cost recovery of expenses incurred to support corporate teams, execution of ICB agreements, set-up accounting processEnsuring annual write-off of Cross charges in SAP for each financial year by April month.

Month end Activities & Audit:

Support preparation of Notes to Accounts for FA, Inventory & Related Party Reporting.Monthly reconciliation of Intercompany Mark-up & correction of differencesForeign Currency Revaluation for 0L & N2 (post completion of IC accounting & matching of Intercompany balances)Support TB review at Month end & BS Split ProjectExpense Analysis – Preparation of schedulesSupport BS Review & ReconciliationSupport completion of all audits & assessments.

Experience : CA with 7+ years of experience, must have knowledge of SAP ERP, fluent in English and good at Presentation skills.