Area Incharge ? CAPEX
JSW Steel · Sambalpur · onsite · Posted 28d ago
Undisclosed6–11 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Position Title
Area Incharge - CAPEX
Department
Finance Accounts
Reporting To
Manager / Head - Finance CAPEX
Job Purpose
To manage and control end-to-end Capital Expenditure (CAPEX) processes, including budgeting, project cost monitoring, asset capitalization, fixed asset accounting, and financial compliance. The role ensures accurate tracking of capital investments, timely capitalization of completed projects, and adherence to accounting standards and organizational policies.
Key Responsibilities
CAPEX Planning Budgeting
- Support annual CAPEX budgeting and long-term investment planning.
- Monitor budget utilization and control project expenditure.
- Review CAPEX proposals and validate financial justifications.
- Prepare budget variance analyses and cost reports for management review.
Capital Project Accounting
- Monitor and track project-wise capital expenditure.
- Ensure proper accounting of project-related costs in accordance with company policies.
- Coordinate with engineering, project, procurement, and operational teams for project cost tracking.
- Review project closures and ensure completeness of supporting documentation.
Asset Capitalization Fixed Asset Management
- Ensure timely capitalization of completed projects and assets.
- Create and maintain fixed asset records in ERP/SAP systems.
- Verify asset classification, useful life, and depreciation parameters.
- Conduct periodic asset verification and reconciliation with fixed asset registers.
- Facilitate asset transfers, retirements, and disposals in line with company procedures.
Financial Controls Compliance
- Ensure compliance with accounting standards, statutory requirements, and internal control frameworks.
- Monitor adherence to approved CAPEX budgets and authorization limits.
- Support internal and external audits related to capital projects and fixed assets.
- Implement and strengthen financial controls over capital expenditure processes.
Reporting Analysis
- Prepare monthly CAPEX reports, project status reports, and MIS dashboards.
- Analyze project cost variances and identify cost optimization opportunities.
- Provide management with insights on capital investments and project performance.
- Support cash flow planning for capital projects.
Stakeholder Coordination
- Coordinate with project teams, procurement, operations, stores, and finance departments.
- Liaise with auditors and statutory authorities during audits and asset verification activities.
- Support management in evaluating investment proposals and project feasibility.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
financial controlsfinancial compliancedepreciationclassificationauditsFixed Asset Accountingcapital expenditureCapex PlanningCost MonitoringERPCASH FLOWBudgetingAccountingAccounting Standardscompliancefinance
About JSW Steel
JSW Steel
Iron & Steel
15.8k+
employees
1982
44 years old
Mumbai, Maharashtra
India
About
JSW Steel operates in the steel manufacturing sector, focusing on innovation and sustainability while producing high-value steel products for various industries.
Industries
Iron & SteelFinancial ServicesMetals & MiningEngineering & Construction
Employee ratings
7,893 reviews
3.9/ 5
Culture
3.6
Career growth
3.2
Work-life
3.6
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