Assistant Entity Controller (Fixed Asset - SME)

LIPTON Teas and Infusions; India; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Lipton Teas and Infusions in Bangalore, India seeks an Assistant Entity Controller (Fixed Asset SME) to lead fixed asset reporting, recording, and asset lifecycle management. You will monitor capital projects, depreciation, impairment indicators, and asset revaluations while ensuring compliance with IFRS and GAAP standards.

The role involves asset disposals, reconciliations with the GL, and close support across month, quarter, and year ends, with cross-functional collaboration across global

Qualifications

• CA/CPA with 3–6 years of accounting experience in FMCG.
• Excellent understanding of IFRS/GAAP and global accounting policies.

Responsibilities

• Fixed Asset Reporting and Recording of assets in accounting system.
• Monitor capital projects and record related costs.
• Review depreciation, revaluation, impairment indicators and useful lifes.
• Assist with asset disposals and retirements; correct ageing in ledgers.
• Reconcile fixed asset sub-ledger with general ledger; support month-end/quarter-end/year-end close.
• Support lease accounting under IFRS16 (if applicable) and related reconciliations.

Skills

Fixed Asset

Team Leadership

IFRS

GAAP

Auditing

Budgeting

SAP

Education

Chartered Accountant

Semi-Qualified CA

CMA

Tools

SAP ECC / S4 Hana

Minibot

Reconsmart

Job description

Job description:

Role: Assistant Entity Controller (Fixed Asset SME)

Work Location: Bangalore, India

Job Type: Permanent

Key Responsibilities:

Fixed Asset Reporting

Acquisition and Recording:Tracking and recording newly acquired fixed assets in the accounting system, including tangible and intangible assets.

Monitoring the progress of capital projects and recording related costs.

Reviewing capex and revenue WBS settlement and CWIP Projects

Depreciation and Revaluation:Review of depreciation on fixed assets according to accounting standards.

Performing revaluation of fixed assets as needed.

Reviewing asset impairment indicators.

Periodically reviewing assets useful life and depreciation key

Disposal:Assist Country team in the disposal of fixed assets and recording related transactions.

Performing asset retirements and reinstating erroneous retirements.

Reconciliations and Reporting:Reconciling fixed asset sub- ledger balances with the general ledger.

Review of month end, quarter end and yearly fixed asset-related audit schedules

Resolving auditors queries.Providing regular asset reports and collaborating on budgeting and forecasting.

Preparation of year end roll forward schedule for PPE.

Compliance and Process Improvement:Ensuring compliance with accounting standards and policies.

Developing and enforcing policies for safeguarding assets.

Implementing and improving asset management systems.

Training staff on fixed asset policies and procedures

Lease Accounting IFRS16Month end closure Closing & Posting of all contracts to SAPReview of addition and termination of lease contracts in Minibot toolAssist 3PSP on modification of lease contracts.Review of reconciliation of Minibot vs S4HPerforming Lease elimination at month endPreparing and Submitting Lease reconciliations in ReconsmartReporting of ROU, Lease liability and Discounted/undiscounted cashflows, Lease commitment Reports for year end

Other Responsibilities:Oversee internal and external audits

Responsible for Month End, Quarter End & Year End Closing of Books of Accounts in SAP

Responsible for Trial Balance, General Ledger Scrutiny & B/S Accounts Reconciliation.

Ensure the accuracy and timeliness of financial reporting.

Skills and Experience

Soft Skills: Should be able to lead and develop a team Should have a positive attitude and should be able to proactively get work done Strong problem solving, and analytical skills High Stakeholder Management - Must have the ability to effectively communicate with senior leaders inside and authorities outside of the company. Must be a self-starter with proven ability to take ownership of job responsibilities

Direct Reports:

Close working with 3P Service providers

Key Interfaces:

Head of Global Business ServicesGlobal Finance team & Global Business services leadsCountry finance controllers/legal entity ownersOperating Centre Heads for the key processWorkstream Directors and teams & Business workstream leadsMarket Finance ControllersOperating Centre Heads for the key processNFD Directors Financial/Management ReportingTreasury and Controls teamOther service line teams for future scope

Professional Qualification / Experience:

A chartered Accountant, Semi Qualified CA, CMAMinimum 3-6 years(CA), experience preferably in FMCG industryStrong experience in Fixed AssetStrong understanding of accounting standards, (IFRS, Indian GAAP, US GAAP) and global accounting policiesStrong financial and business acumenExperience in Financial accounting, corporate finance, Global Shared services desirableHaving working knowledge in Finance operations of SAP ECC / S4 Hana preferable .