Team Lead Fixed Asset

USTBC ABB Installation Products Inc.; Bengaluru; On-site; INR 2,000,000 - 3,000,000; Full time

Job summary

ABB in Bengaluru is seeking a Team Lead-Fixed Assets Accounting & Reporting reporting to the GA Manager. You will lead end-to-end fixed asset accounting, capitalization, depreciation, and asset lifecycle, ensuring timely and accurate records and driving process improvements.

You will own month-end close, reconciliations, compliance with IFRS/US GAAP, internal controls, audits, and data analytics. A Master’s in accounting/finance and 10–12 years in fixed assets are required.

Qualifications

• Master’s degree in accounting/finance; 10–12 years in fixed assets.
• Experience with IFRS and US GAAP and internal controls.
• ERP experience with SAP/Oracle and data analytics skills.

Responsibilities

• Manage end-to-end fixed asset accounting processes.
• Lead month-end close for fixed assets and related reconciliations.
• Ensure compliance with IFRS/US GAAP and internal controls; support audits.
• Oversee asset lifecycle from acquisition to disposal and impairment review.
• Develop dashboards and metrics for asset reporting to stakeholders.

Skills

Fixed assets

IFRS

US GAAP

SAP

Oracle

Excel

Stakeholder management

Education

Master’s degree in accounting/finance

Tools

SAP

Oracle

TRIRIGA

Workday

Job description

At ABB, we help industries run leaner and cleaner-and every person here makes that happen. You'll be empowered to lead, supported to grow, and proud of the impact we create together. Join us and help run what runs the world.

This Position reports to:

Fixed Assets Team Lead

Team Lead-Fixed Assets.

Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.

At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations. Together, we are embarking on a journey where each one of us, individually and collectively, welcomes and celebrates individual differences.

You will be working as Team Lead-Fixed Assets Accounting & Reporting and will be reporting to Accounting & Reporting Manager - GA and will be a part of Bangalore, India. In this role you will be primarily responsible for End-to-End Fixed Assets Accounting & Reporting and Internal Audit and Process Improvements and automation Process as team leader focused on the complete, accurate, and timely completion of Fixed Assets & Reporting and related activities within the General Accounting (GA) team. Ensure compliance with internal guidelines and procedures as well as external regulatory requirements with strong understanding of USGAP and FA Module.

Fixed Asset Accounting Operations

• Manage end-to-end fixed asset accounting processes.
• Ensure accurate capitalization, transfers, retirements, disposals, and depreciation of assets.
• Review and approve asset creation requests in compliance with accounting policies.
• Maintain the fixed asset register and ensure completeness and accuracy.
• Monitor Construction-in-Progress (CIP) accounting and capitalization activities.

Financial Reporting & Month-End Close

• Execute month-end, quarter-end, and year-end fixed asset close activities.
• Review depreciation runs and accounting entries.
• Prepare and validate fixed asset reconciliations between subledger and general ledger.
• Support financial statement disclosures related to Property, Plant & Equipment (PP&E).
• Analyze asset balances and investigate significant movements.

Compliance & Internal Controls

• Ensure compliance with IFRS, US GAAP, local statutory requirements, and company accounting policies.
• Maintain SOX/internal control documentation and evidence.
• Identify control gaps and implement corrective actions.
• Support internal and external audits through timely preparation of schedules and explanations.

Asset Lifecycle Management

• Govern the complete asset lifecycle from acquisition to disposal.
• Ensure appropriate asset classification and useful life assignment.
• Review impairment assessments and asset write-offs.
• Monitor leased assets and right-of-use assets where applicable.

Reconciliation & Data Quality

• Perform periodic asset register reviews and reconciliations.
• Resolve discrepancies between procurement, project accounting, and fixed assets records.
• Ensure asset master data accuracy and integrity.
• Develop and track key performance metrics related to fixed asset processes.

Reporting & Analytics

• Prepare management reports on capital expenditures, depreciation, asset additions, and disposals.
• Support budgeting and forecasting activities related to fixed assets.
• Provide insights into capital investment trends and asset utilization.
• Develop dashboards and report solutions for stakeholders.

Stakeholder Management

• Act as the primary point of contact for fixed asset-related queries.
• Partner with Finance, Procurement, Tax, Controllership, and Business Operations teams.
• Coordinate with external auditors, statutory auditors, and tax advisors.
• Provide guidance on fixed asset accounting treatments and policy interpretations.

Process Improvement & Automation

• Identify and drive process improvement initiatives.
• Lead standardization and harmonization of fixed asset processes across entities.
• Support system implementations, upgrades, and testing activities (e.g., SAP, Oracle, Workday, TRIRIGA).
• Promote automation opportunities to improve efficiency and control.

SME Governance Responsibilities

• Serve as the functional expert for fixed asset accounting.
• Develop and maintain Standard Operating Procedures (SOPs).
• Deliver training and knowledge-sharing sessions to team members.
• Provide guidance during transitions, migrations, and transformation projects.
• Review complex accounting transactions and determine appropriate treatment.

Key Skills & Competencies:

• Strong knowledge of Fixed Assets Accounting, PP&E, Depreciation, Capitalization, and Asset Retirement.
• Experience with IFRS, US GAAP, and internal controls.
• ERP knowledge (SAP, Oracle,).
• Advanced Excel and reporting skills.
• Analytical problem-solving and stakeholder management.
• Audit support and compliance expertise.

A master's degree in accounting, Finance or Commerce (MBA/Mcom) is must.

Minimum 10to 12 years of experience in Fixed Assets Accounting and Record to