Manager Accounting Financial Reporting

BHIVE Workspace; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading workspace provider in Bengaluru is seeking a Senior Executive / Assistant Manager for Fixed Assets to oversee fixed asset accounting and ensure compliance with accounting standards. The role involves maintaining a comprehensive Fixed Asset Register, managing capitalisation processes, and coordinating with multiple teams. The ideal candidate should have 4–8 years of relevant experience and be proficient with ERP systems, ideally Zoho. This position requires a strong attention to detail and ability to manage asset accuracy across several locations.

Qualifications

• 4–8 years of hands-on experience in Fixed Asset Accounting and FAR management.
• Experience with leasehold improvements/fit-outs/MEP capitalisation.
• Strong understanding of Fixed Asset Accounting and FAR maintenance.

Responsibilities

• Own and maintain the complete Fixed Asset Register (FAR) for all locations.
• Ensure accurate capitalisation of assets in line with accounting standards.
• Plan and conduct periodic physical verification of fixed assets.

Skills

Fixed Asset Accounting

Depreciation tracking

Capital Work-in-Progress (CWIP)

Asset verification

Coordination

Attention to detail

Education

B.Com / M.Com / MBA (Finance) / CA / CA Inter / CMA

Tools

Zoho ERP

Job description

Overview

The Senior Executive / Assistant Manager – Fixed Assets will own FAR and fixed asset accounting across multiple locations/entities, including capex-to-FAR handover, CWIP ageing and capitalisation, depreciation, tagging/verification, FAR-GL reconciliation, and audit schedules - especially for fit-outs/leasehold improvements and project-heavy rollouts.

Key Responsibilities

Fixed Asset Accounting & FAR Maintenance

• Own and maintain the complete Fixed Asset Register (FAR) for all locations and entities
• Multi-location rollouts, project-to-FAR handover and capex governance
• Ensure accurate capitalisation of assets in line with accounting standards (Ind AS / AS)
• Classify assets correctly (Leasehold Improvements, M&E, IT Assets, Furniture & Fixtures, etc.)
• Calculate and post depreciation accurately as per Companies Act and internal policies
• Manage insurance coverage for all fixed assets, ensuring timely renewal, accurate asset declaration, and alignment with organizational risk policies.
• Coordinate with insurers, finance, and operations teams to handle claims, maintain documentation, and ensure end‑to‑end compliance for asset insurance processes
• Track Capital Work-in-Progress (CWIP) and ensure timely capitalisation upon asset readiness
• Coordinate with Projects and Operations teams to obtain completion certificates and asset handover documents
• Monitor asset additions, disposals, transfers, impairments, and write-offs
• Ensure proper approvals and documentation for asset movement and disposal
• Prepare and maintain inventory register and ensure timely transfer and capitalisation
• Plan and conduct periodic physical verification of fixed assets across locations
• Reconcile physical verification results with FAR and investigate variances
• Ensure asset tagging and asset location mapping is maintained accurately
• Prepare variance reports and support closure of discrepancies
• Quarterly: physical verification plan + variance closure
• Ensure strong controls around asset capitalisation, depreciation, and disposals
• Identify gaps in asset accounting processes and recommend process improvements
• Support implementation of system-based asset controls within ERP

Audit & Compliance

• Year-end: fixed asset audit schedules, CARO/Companies Act reporting support, impairment review support
• Support statutory, internal, tax, and special audits related to fixed assets
• Provide audit schedules, FAR extracts, depreciation workings, and supporting documents
• Ensure compliance with Companies Act, accounting standards, and internal control requirements
• Support management reporting related to assets and capex

ERP & Systems

• Maintain asset master data in ERP systems (Zoho preferred)
• Support automation and system enhancements related to FAR and asset tracking
• Ensure data accuracy and integrity within ERP

Stakeholder Coordination

• Work closely with FP&A, Projects, Procurement, and Operations teams
• Coordinate with external auditors and consultants for asset-related matters
• Provide timely reports and insights to finance leadership

Qualifications and Skills

• Education: B.Com / M.Com / MBA (Finance) / CA / CA Inter / CMA with strong fixed asset accounting experience
• Experience: 4–8 years of hands-on experience in Fixed Asset Accounting and FAR management. Experience with leasehold improvements / fit-outs / MEP capitalisation and componentisation.
• Industry Preference: Asset-heavy industries such as Real Estate (Commercial preferred), Infrastructure, Manufacturing, Hospitality, or Warehousing
• Technical Skills:
• Strong understanding of:
• Fixed Asset Accounting and FAR maintenance
• Depreciation as per Companies Act and accounting standards
• CWIP tracking and capitalisation
• Asset verification and reconciliation
• Hands-on experience with ERP systems (Zoho preferred)
• High attention to detail and accuracy
• Strong ownership and control mindset
• Ability to manage large volumes of assets across multiple locations
• Strong coordination and follow-up skills
• Audit-oriented and compliance-driven approach

Collaboration and Communication

• Proactive collaboration with Finance, Projects, Procurement, and Operations teams
• Clear communication with auditors and internal stakeholders to ensure accurate asset reporting and compliance

Interacting with other teams

The role will work closely with:

• Finance teams
• Projects & Engineering teams
• Procurement & Operations teams
• Internal and external auditors to ensure robust asset governance, accurate financial reporting, and audit readiness.