Fixed Assets and Billing Accounting Associate

Fixed Assets and Billing Accounting – Associate

Location: Mumbai

POSITION SUMMARY

 The Fixed Assets and Billing Accounting Team is a part of the Office of the CFO and Controllership organization. The Associate will be a member of a team of professionals responsible for the end-to-end accounting of fixed assets and billing/accounts receivable processes. The Associate will ensure accurate asset lifecycle management, timely billing, and effective receivables monitoring while supporting business partners with reporting and analysis.

KEY RESPONSIBILITIES AND DUTIES

 Fixed Assets

• Manage the end-to-end fixed assets lifecycle including capitalization, depreciation, transfers, disposals, and reconciliations
• Maintain the fixed assets register with accuracy and timeliness
• Perform monthly and quarterly close activities related to fixed assets, including journal entries and variance analysis
• Ensure all asset additions are properly recorded in accordance with company capitalization policies
• Coordinate with project teams and business partners to track capital expenditures and ensure timely capitalization of completed projects
• Monitor and reconcile fixed asset general ledger accounts; liaise with cross-functional teams to research and resolve discrepancies
• Support internal and external audit requests related to fixed assets
• Assist with researching related technical accounting issues to ensure proper treatment in accordance with GAAP or regulatory requirements

Scope:

•  Fixed Assets: capitalization, asset creation, depreciation, transfers, disposals/retirements, CIP/CWIP, asset reconciliations and period-end close.
• Billing & Revenue: customer/project billing, invoice generation, billing schedules, unbilled revenue, accruals, revenue recognition, billing/AR/GL reconciliations and billing adjustments.
•   Project Accounting: project setup and maintenance, project codes/WBS, project budgets and cost tracking, cost allocation, time & expense charging, capitalization of project costs, project-to-asset lifecycle, project billing, project revenue/cost recognition, project close and project profitability/variance reporting.
•  Controls & Reporting: reconciliations, journals, month-end close, audit support, reporting and controls across FA, Billing and Project Accounting.
•  ERP/Transformation: experience with relevant ERP project-accounting modules and process improvement, automation, migration, UAT and implementation exposure where applicable.