Capex Manager

Polycab; Panchmahal District; On-site; INR 600,000 - 900,000; Full time

Job summary

Polycab India Limited is seeking a diligent asset accounting professional to manage fixed asset records, process asset movements in Oracle, and support depreciation and CWIP activities. The role requires meticulous reconciliation with the General Ledger and coordination for annual physical verifications.

The candidate will handle asset tagging, capitalization, and reporting, contributing to timely financial closures and audit readiness.

Qualifications

• Experience with fixed asset accounting and asset register management.
• Ability to process asset movements in Oracle.
• Experience with depreciation, CWIP and asset reconciliation.

Responsibilities

• Maintain Fixed Asset Register and asset master records.
• Process asset additions, transfers, retirements, and disposals in Oracle.
• Verify capitalization documents and create assets in the system.
• Ensure proper asset tagging and classification.
• Track project-wise CWIP balances and prepare ageing reports.
• Coordinate with teams for supporting documents and transfers to CWIP/Fixed Assets.
• Execute monthly depreciation runs and reconcile with General Ledger.
• Coordinate annual and periodic physical verification and reconcile results.
• Prepare monthly Fixed Asset Movement Schedule and perform reconciliations.
• Support closing activities and respond to audit observations.
• Prepare MIS reports and management presentations.
• Insurance asset data reconciliation; scrap sale accounting; asset transfers; CAPEX tracking.

Skills

Asset accounting

Oracle ERP

Tools

Oracle

Job description

Key Responsibilities

Fixed Asset Accounting

• Maintain Fixed Asset Register (FAR) and asset master records
• Process asset additions, transfers, retirements, and disposals in Oracle
• Verify capitalization documents and create assets in the system
• Ensure proper asset tagging and classification

CWIP Monitoring

• Track project-wise CWIP balances
• Follow up with User teams for supporting documents
• Prepare CWIP ageing reports and identify overdue items
• Support timely transfer of eligible CIP to CWIP to Fixed Assets

Depreciation Accounting

• Execute monthly depreciation runs in Oracle
• Validate depreciation postings and reconcile with General Ledger
• Assist in preparing depreciation schedules

Physical Verification

• Coordinate with Consultant for annual and periodic physical verification exercises
• Reconcile physical count results with FAR
• Prepare discrepancy reports and obtain explanations from concerned departments

Reporting & Reconciliations

• Prepare monthly Fixed Asset Movement Schedule
• Perform reconciliations of Fixed Assets, CWIP, and Accumulated Depreciation accounts
• Support monthly, quarterly, and annual financial closing activities

Audit & Compliance

• Prepare data and schedules for statutory, internal, tax, and cost audits
• Support closure of audit observations
• Ensure compliance with accounting policies and SOPs

Other Activities

• Insurance asset data reconciliation
• Scrap sale accounting support
• Asset transfer accounting
• Support CAPEX tracking and budget monitoring
• Prepare MIS reports and management presentations