HCL is hiring For Fixed Asset Accounting - Chennai

HCLTech; Chennai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

HCL Technologies Limited seeks an experienced professional to manage fixed assets, inventory, and property accounting in a Navalur location. The role covers asset tracking, ledger maintenance, and project cost monitoring with an emphasis on accurate valuation and audit readiness.

The candidate will handle asset movements, maintenance tickets, and asset retirement processes, aligning with local tax and regulatory requirements. US shift exposure is noted.

Qualifications

• 3-6 years of experience in fixed asset, inventory and property accounting.

Responsibilities

• Property Accounting & Inventory Management: manage property inventory and maintain records.
• Inventory Accounting: track material movements and maintain audit-ready docs.
• Property Ticket & Maintenance Management: handle maintenance requests and ensure proper accounting.
• Capital & Revenue Project Tracking: monitor expenditures and report on budgets.
• Ledger & Fixed Asset Management: classify assets, reconcile accounts, update asset master data.
• Asset Sale, Reclassification & Retirement: process asset sales and reclassifications.

Skills

Fixed asset accounting

Inventory accounting

Property accounting

Job description

Role & responsibilities

Work location:Navalur

Notice :Imm to 45 days

US Shift

Experience

• 3-6 years of relevant experience in fixed asset accounting, and inventory accounting,property accounting.

1. Property Accounting & Inventory Management

• Manage property inventory and maintain accurate records for all materials and assets.
• Account for all material movements including receipts, returns, consumption, and losses.
• Perform inventory revaluation and ensure accurate stock valuation.
• Reconcile physical inventory counts with book and financial records.
• Ensure correct application of tax and duty rates.

2. Inventory Accounting

• Track and report materials variances, highlighting key trends and deviations to management.
• Maintain comprehensive and audit-ready inventory documentation.
• Support fixed asset, CWIP, PPE, and intangible asset accounting and reporting.

3. Property Ticket & Maintenance Management

• Manage property-related tickets, including maintenance and repair requests.
• Coordinate with relevant teams for timely resolution and proper accounting of maintenance activities.

4. Capital & Revenue Project Tracking

• Monitor project expenditures and compare spending against approved budgets.
• Prepare and deliver periodic project tracking reports.
• Close completed projects to the fixed asset ledger and P&L as required.

5. Ledger & Fixed Asset Management

• Classify and manage tangible and intangible assets.
• Reconcile asset-related balance sheet accounts regularly.
• Maintain updated and accurate fixed asset master data.
• Manage all asset attributes including costs, locations, cost centers, categories, tax jurisdictions, and asset values for book, local GAAP, tax, and insurance purposes.
• Account for financial and operating leases in compliance with applicable accounting standards.
• Perform ERP updates required due to policy changes or tax law updates (post internal validation).

6. Asset Sale, Reclassification & Retirement

• Process accounting entries for asset sales, transfers, reclassifications, and retirements.
• Handle project closeout postings and ensure accurate reflection in the financial statements.