Manager - Fixed Asset Account & Register(FAR)

Greetings from Landmark Group !

We are happy to announce that we are looking for - Manager Fixed Asset Controller - Retail.

Designation: Manager

Job Location: Bangalore

Work Mode: 5 Days Work from Office (9am To 5pm)

Joining Time: Immediate/15 Days

If you are interested, do share your profile to

[email removed]

About Landmark Group, India:

Landmark Group, Indi is a leading and reputed company in the retail business of consumer products including branded apparel, lifestyle accessories, furniture, home furnishings, textile goods, indoor entertainment etc. through large retail stores of various formats under different brand names. In 1999, Landmark Group entered India, to revolutionize retailing in the country with the introduction of Lifestyle stores. Since then, it has grown into one of the largest retail and hospitality conglomerates in the country. Currently, the Group operates 820+ stores covering ~200 cities.

The Group is committed to being an employer of choice and has been recently recognized as The Laureates for successfully maintaining its "Great Place to Work" status for 10 years in a row, and Lifestyle International Pvt Ltd. Has been recognized as one the Best Managed Companies in India by Deloitte.

Job Role:

Responsible for end-to-end fixed asset accounting, control and governance across stores, warehouses and corporate offices, ensuring accurate capitalization, depreciation, physical verification and reporting in compliance with company policies and applicable accounting standards.

Job Description:

• Maintain accurate Fixed Asset Register (FAR) and ensure reconciliation with the General Ledger.
• Manage asset additions, capitalization, depreciation, transfers, disposals and write-offs.
• Review Capex vs. Opex classification and ensure compliance with capitalization policies.
• Monitor CWIP, ensuring timely capitalization of completed store projects and closure of aged balances.
• Manage fixed asset accounting for new store openings, renovations, relocations and closures.
• Coordinate asset tagging and periodic physical verification across stores, warehouses and offices.
• Investigate and resolve missing, damaged, obsolete and unidentified assets.
• Ensure appropriate accounting and approval for asset transfers, disposals and write-offs.
• Perform monthly fixed asset closing, depreciation review and balance-sheet reconciliations.
• Monitor Capex expenditure against approved budgets and authorizations.
• Maintain accurate asset master data in SAP, including asset class, location, cost centre and useful life.
• Support statutory/internal audits and maintain complete documentation for fixed asset controls.
• Partner with Projects, Procurement, Store Operations, IT and Finance to strengthen asset governance and controls.

Education, Qualification & Experience

• CA-inter / CMA / MBA Finance / M.Com / B.Com or equivalent qualification.
• 10 years plus of relevant finance/accounting experience, preferably in retail or another multi-location business.
• Strong knowledge of fixed asset accounting, Capex, CWIP, depreciation and impairment.
• Working knowledge of applicable accounting standards, including Ind AS 16 and Ind AS 36.
• Good working knowledge of SAP and Advanced Excel.
• Strong analytical, reconciliation, control and stakeholder-management skills.

Key Success Measures:

• Accurate FAR-to-GL reconciliation
• Timely capitalization and CWIP closure
• Completion of physical asset verification
• Minimal unresolved asset discrepancies
• Timely and accurate month-end closure
• Strong audit and fixed-asset control compliance