Manager - Business Accounting - Finance and Accounts - Mumbai - Lodha (I-Think Techno Campus)

Main Accountabilities

1. Fixed Assets Accounting & Capitalization

• Manage end-to-end accounting of Property, Plant & Equipment (PPE), Fixed Assets, CWIP, and Intangible Assets.
• Review and process asset capitalization, transfers, disposals, retirements, and asset sale transactions.
• Perform monthly depreciation runs and validate depreciation calculations through analytical reviews.
• Maintain Fixed Asset Register (FAR) and asset addition/deletion registers.
• Monitor asset verification activities and ensure compliance with company policies.
• Review high-value asset transactions and perform variance analysis.

2. Capital Expenditure (Capex) Management

• Track Capital Work-in-Progress (CWIP) movements and capitalization status.
• Prepare CWIP schedules, ageing reports, and capital advance reconciliations.
• Monitor capital commitments and capex liabilities.
• Review vendor balances related to capital expenditure and ensured timely closure of open items.
• Co-ordinate with business stakeholders for capitalization readiness and project closures.

3. Lease Accounting (IND AS 116)

• Manage lease accounting processes under IND AS 116.
• Calculate and post monthly lease accounting entries, including Right-of-Use (ROU) assets and lease liabilities.
• Perform lease modifications, extensions, and reassessment calculations.
• Reconcile rental expenses, lease liabilities, security deposits, and branch-level lease data.
• Validate lease accounting calculations using lease management tools and manual models.
• Review discounting methodologies and risk-free rate assumptions.

4. Financial Reporting & Compliance

• Prepare monthly, quarterly, and annual financial schedules related to fixed assets and leases.
• Support financial reporting requirements including regulatory and management reporting.
• Upload financial data into consolidation/reporting systems such as Hyperion.
• Prepare schedules for audit, management reviews, board presentations, and regulatory submissions.
• Ensure compliance with IND AS, Companies Act requirements, and internal accounting policies.
• Support in Related party disclosure working
• Support in ECL and Loan book reconciliation.

5. General Ledger (GL) Governance & Review

• Conduct periodic review of General Ledger (GL) accounts to identify inactive, duplicate, redundant, or incorrectly mapped accounts and ensure alignment with the approved Chart of Accounts and accounting policies.
• Coordinate with business users and finance stakeholders to validate GL usage, assess business requirements, and recommend blocking, deactivating, or rationalizing unused GLs to maintain an efficient ledger structure.
• Drive GL governance initiatives by maintaining proper documentation, monitoring adherence to GL master data controls, and supporting periodic clean-up exercises to improve reporting accuracy and prevent erroneous postings.
• Perform reconciliation of fixed assets, lease balances, capital advances, receivables, payables, and general ledger accounts.
• Review depreciation variances and investigate exceptions.
• Monitor ageing of trade payables and capital liabilities.
• Conduct periodic balance sheet reviews and account clean-up activities.
• Strengthen financial controls and improve accuracy of accounting records.

6. Reconciliations & Controls

7. Audit & Stakeholder Management

• Prepare audit schedules and supporting documentation for statutory, internal, and tax audits.
• Co-ordinate with auditors and resolve audit queries.
• Liaise with finance teams, operations teams, procurement teams, and external stakeholders.
• Provide management insights on asset utilization, capex trends, and lease portfolio performance.

8. Process Automation & Continuous Improvement

• Drive automation and digital transformation initiatives within the finance function.
• Participate in UAT testing for finance automation projects.
• Review automated reports and ensure data integrity.
• Identify opportunities for process optimization, standardization, and efficiency improvements.
• Support master data governance and data quality initiatives.
• Proactively identify opportunities to strengthen financial controls, standardize accounting processes, improve data quality, and drive continuous process improvements through automation and best practices, ensuring operational efficiency, risk mitigation, and compliance with accounting policies and regulatory requirements.

9. Team Collaboration & Deadline & Execution Excellence

• Work closely with Finance, Operations, Procurement, IT, Admin and Audit teams to ensure accurate accounting, reconciliations, and timely closure of finance deliverables.
• Effectively manage multiple priorities and consistently deliver month-end, quarter-end, audit, and reporting activities within stringent timelines while maintaining high levels of accuracy and compliance.

• Partner effectively with cross-functional teams and stakeholders to drive accurate financial reporting, resolve operational challenges, and achieve shared business objectives.