Specialist, Fixed Assets

SES Satellites; Chennai District; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

SES Satellites is seeking an experienced Fixed Asset Specialist to manage the end-to-end accounting lifecycle for fixed assets, including capitalization, depreciation, transfers, and disposals. You will support IFRS/GAAP compliance, SOX controls, and data migrations during S/4HANA onboarding across multiple entities.

Ideal candidates have 8–10 years in fixed asset accounting, strong Excel and dashboarding skills, and experience with S/4HANA FI-AA in a corporate environment.

Qualifications

• 8–10 years of fixed asset accounting experience.
• Familiarity with IFRS/GAAP asset capitalization, depreciation, and lease accounting.
• Experience with S/4HANA Asset Accounting (FI-AA) in a corporate/shared services setting.

Responsibilities

• Maintain Fixed Asset Register with acquisitions, capitalizations, retirements, transfers, and adjustments.
• Run monthly depreciation and align with useful life policies and standards.
• Perform FA reconciliations (FA subledger vs GL) and investigate variances.
• Support asset verifications, tagging, and CIP closures.
• Ensure audit readiness and SOX/internal control compliance dashboards.

Skills

Fixed Asset Accounting

IFRS/GAAP

S/4HANA

Excel

Dashboards

Education

CA Inter

B.Com / Finance

Tools

Excel

PowerPoint

Automation tools

Job description

Role Description Summary

The Fixed Assets Specialist is responsible for managing the end-to-end accounting lifecycle of fixed assets, including capitalization, transfers, disposals, depreciation, and reconciliation activities in compliance with accounting standards (IFRS/GAAP), company policy, and internal controls (including SOX). This role will support ongoing integration into S/4HANA, onboarding of new companies, audit compliance, and fixed asset reporting. The individual must have strong accounting acumen, a proactive compliance mindset, and a data-focused approach to ensure timely and accurate asset management across entities.

Requisition Number: 20382

Contract Type: Permanent

Location(s): Chennai, IN

Primary Responsibilities / Key Result Areas

• Maintain and manage the Fixed Asset Register, ensuring accurate recording of acquisitions, capitalizations, retirements, transfers, and adjustments.
• Execute monthly depreciation runs and ensure alignment with accounting standards and useful life policies.
• Perform fixed asset reconciliations (FA subledger vs GL), investigate variances, and drive timely resolution of discrepancies.
• Support fixed asset physical verification exercises and tagging in collaboration with business units.
• Ensure timely closure of Construction in Progress (CIP) and proper classification of assets as per capitalization policy.
• Review and validate asset additions against Capex approvals and ensure policy compliance before posting to the ledger.
• Maintain audit-ready documentation for all asset-related activities and support both internal and external audit requirements.
• Monitor and report on SOX and internal control compliance through dashboards, identifying risks and taking corrective actions.
• Support fixed asset process design and data migration during S/4HANA integrations and onboarding of new entities.
• Collaborate with the business, project teams, and accounting to ensure timely closure of open items and smooth period-end processing.
• Manage GR/IR clearing and reconciliations, ensuring timely follow-ups with relevant teams for resolution.
• Manage end-to-end lease accounting activities in compliance with IFRS 16.
• Leases including initial recognition, right-of-use (ROU), asset amortization, interests, lease liabilities, and modifications.
• Prepare monthly lease accounting entries, including depreciation of ROU assets and interest accretion on lease liabilities.

Competencies

• Detail Orientation & Accuracy: Maintains meticulous asset records and ensures high precision in all postings and reconciliations.
• Accounting & Compliance Focus: Strong grasp of fixed asset accounting principles, with an ability to enforce policies and controls.
• Time & Process Discipline: Delivers tasks under tight timelines, especially during month-end and year-end periods.
• Analytical & Reporting Abilities: Skilled in reviewing data, identifying gaps, and producing compliance or asset performance dashboards.
• Collaboration & Issue Resolution: Coordinates with stakeholders (e.g., project teams, controllers) to close exceptions proactively.

Qualifications & Experience

• Education: Bachelor's degree in Commerce, Accounting, or Finance; CA Inter or equivalent preferred.
• ERP Knowledge: Experience in S/4HANA Asset Accounting (FI-AA) module is essential.
• Accounting Standards: Familiarity with IFRS/GAAP for asset capitalization, impairment, depreciation, lease liability, ROU and interest.
• Technical Tools: Proficient in Excel and PowerPoint; experience with automation tools, scripts, or dashboarding is an added advantage.
• Work Experience: 8-10 years of relevant experience in Fixed Asset Accounting, preferably within a shared services or corporate environment with audit exposure.

SES and its Affiliated Companies are committed to providing fair and equal employment opportunities to all. We are an Equal Opportunity employer and will consider all qualified applicants for employment without regard to race, color, religion, gender, pregnancy, sex, sexual orientation, gender identity, national origin, age, genetic information, protected veteran status, disability, or any other basis protected by local, state, or federal law.