Position Title: Fixed Asset Supervisor
Date: January 2025
Status: New
Group: Finance
Division: Finance
Department Name: Finance
Physical Location: Gurgaon
Immediate Supervisor: Financial Shared Services Manager
This role is responsible for ensuring Fixed Asset Transactions are captured and reported accurately and timely in the company's financial statements in accordance with US Generally Accepted Accounting Principles and on local GAAP. This position will supervise the FA Team and drive standardization of all Fixed Asset accounting processes globally.
% of Time
Job Responsibilities
40
Ensure the Fixed Asset subledger is maintained timely and accurately for US GAAP and Local GAAP, including:
- Updating and maintaining Fixed Asset ledger accounts for US GAAP & Statutory reporting
- Relevant account reconciliations
- Settlement of relevant internal orders
- Running of depreciation
- Journal entries as required
- Prepare annual movement schedules for US GAAP and local GAAP
- Support annual property tax filings
- Manage the opening and closure of internal orders related to fixed assets under construction
- Analyses to verify internal consistency, completeness, and arithmetic accuracy of the fixed assets ledgers
- Communicates issues with errors, procedure violations and discrepancies with all levels of management
- Manage administration of physical count of FA and makes appropriate adjustments to ledger for assets for adds and disposals resulting from the physical count.
- Manage the asset tagging process once an asset is placed in service
40
Month-end closing activities including:
- Support monthly reporting to Corporate (M's and Q's) as per Client policies and procedures
- Updates and maintains month-end/quarter-end/year-end closing schedules
- Performs balance sheet and income statement account analyses and actual versus budget comparisons to determine if there are missing entries or significant variances that require further investigation.
- Process accruals during month-end close as required
- Prepare the monthly Fixed Asset roll forwards that ties to the GL. - assists in preparation of QVRs
- Assists for responding to any questionnaires from corporate
- Prepares and distributes Quarterly FA Impairment Memo and Fixed Asset Register to Finance/Operations Business
10
Works on unique and critical projects and problems including:
- Assists in special projects and requests involving general accounting systems
10
Internal controls including:
- Assists in internal control reviews for assigned control objectives required by section 404 of Sarbanes-Oxley
- Assists in internal and external audit requests — before, during and after — as well as the completion of audit required analyses.
- Assists in answering auditing questions and resolves auditing issues.
- Ensures compliance with applicable Corporate Policies and Procedures
- Strong interpersonal, communication, and presentation skills for interacting with individual team contributors, business partners, and senior management.
- Strong knowledge of internal controls and US GAAP accounting required.
- Strong analytical and problem-solving background.
- Experience in process and project management skills is preferred.
- Innovative and able to think both analytically and conceptually.
- Fluent (both orally and in writing) in English. Other Spanish and other Asian Languages desirable
Chartered Accountant (CA) / CPA / ACCA, or equivalent degree in accounting and Finance
Minimum 6 years related experience or equivalent combination of education and experience; in-depth knowledge of SAP; experience in fixed asset accounting; experience identifying and investigating discrepancies in accounting records; general ledger accounting experience including accountant analyses and expense analysis and or general accounting for a Multinational Company with high volume driven environment. Minimum 2 years of Supervision Experience Required
High degree of understanding of SAP or similar ERP systems required and Blackline experience preferred. Experience working in a Shared Service Center or for a US / EU Multinational is desirable
Client-Rad Laboratories Proprietary/Confidential: Internal Use Only 1/27/2025
