Zepto – Director – Fixed Assets – CA

Zeptonow; Bengaluru; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

A leading financial services company in Bengaluru is seeking a Director Fixed Assets to oversee the management of their asset portfolio. This senior role requires expertise in fixed asset accounting and effective team leadership. The successful candidate will manage all aspects from acquisition to disposal, ensuring compliance with accounting standards. A strong understanding of financial reporting and ERP systems is essential. Competitive compensation and growth opportunities are offered.

Qualifications

• Minimum of 7-10 years of experience in fixed asset accounting.
• At least 3-5 years in a senior or managerial role.
• Strong understanding of GAAP and IFRS.

Responsibilities

• Oversee accurate recording of all fixed asset acquisitions.
• Prepare and review periodic fixed asset reports.
• Develop and implement policies for efficient asset management.

Skills

Fixed asset accounting

Financial reporting

Team leadership

Interpersonal skills

Education

Chartered Accountant (CA)

Tools

ERP systems (SAP, Oracle)

Asset management software (Asset Panda, Infor)

Job description

Position Overview

The Director Fixed Assets is responsible for overseeing the management of the company fixed asset portfolio, ensuring accurate financial reporting, compliance with accounting standards, and maintaining effective processes for tracking, recording, and depreciating assets.

This role is key in managing the full life cycle of assets, from acquisition to disposal, and ensuring that all asset transactions align with company policies and accounting principles.

As a senior leader in the finance team, the Director Fixed Assets will lead the development of asset management strategies, implement best practices, and work cross-functionally with other departments (e.g., Operations, IT, and Procurement) to optimize asset utilization and enhance reporting accuracy. The role requires strong technical expertise in fixed asset accounting, excellent project management skills, and the ability to lead a team.

Key Responsibilities

1. Asset Management & Accounting
   • Oversee the accurate and timely recording of all fixed asset acquisitions, disposals, and transfers in the asset register.
   • Ensure fixed asset data integrity and the proper categorization of assets according to applicable accounting standards (e.g., GAAP, IFRS).
   • Lead the monthly and year-end fixed asset closing process, ensuring that all asset related journal entries are properly recorded.
   • Manage the depreciation process, ensuring accurate calculation of depreciation using appropriate methods (e.g., straight-line, declining balance).
   • Perform impairment testing and recommend adjustments based on asset condition, market value, and usage.
2. Financial Reporting & Compliance
   • Prepare and review periodic fixed asset reports, including detailed reconciliations between the general ledger and asset register.
   • Ensure compliance with internal controls and audit requirements related to fixed assets.
   • Prepare fixed asset-related disclosures for financial statements, ensuring compliance with IFRS/GAAP reporting requirements.
   • Coordinate with internal and external auditors for fixed asset audits and respond to audit requests related to asset management.
3. Process Improvement & Optimization
   • Develop and implement policies, procedures, and best practices to ensure the efficient management of fixed assets across the company.
   • Collaborate with the IT and Procurement teams to improve the integration of asset management systems with other financial systems.
   • Lead initiatives to streamline asset tracking and improve the accuracy of the fixed asset register through automation and advanced technology.
4. Team Leadership & Development
   • Manage and mentor a team of fixed asset accountants, providing guidance and support for their professional growth.
   • Assign tasks, set priorities, and monitor the team’s progress to ensure the timely and accurate completion of all fixed asset-related activities.
   • Foster a culture of continuous improvement within the team by promoting knowledge sharing, collaboration, and innovation.
5. Cross-Functional Collaboration
   • Work closely with the Procurement, Operations, and IT departments to ensure fixed asset transactions are properly recorded and tracked from acquisition to disposal.
   • Participate in project teams for new asset acquisitions, system upgrades, or relocations to ensure proper asset management controls are in place.
   • Advise senior management on asset management strategies, lifecycle planning, and investment decisions.
6. Asset Life Cycle Management
   • Oversee the management of asset life cycles, including acquisition, maintenance, depreciation, and disposal.
   • Recommend asset replacements or disposals based on asset performance, condition, and usage.
   • Ensure that assets are disposed of in a compliant and efficient manner, in line with regulatory requirements.

Required Qualification, Experience, Skills & Competencies

• CA Minimum of 7-10 years of experience in fixed asset accounting, with at least 3-5 years in a senior or managerial role.
• Strong understanding of asset management, financial reporting, and depreciation methodologies.
• Experience with ERP systems (e.g., SAP, Oracle, or similar) and asset management software (e.g., Asset Panda, Infor, or similar).
• Proven track record of managing teams and implementing process improvements.
• Expert knowledge of fixed asset accounting principles (GAAP, IFRS).
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Strong interpersonal and communication skills.