ABB India
ABB India | SME-Fixed Assets Accounting & Reporting.
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Job Highlights
Responsibilities
- In this role you will be primarily responsible for End-to-End Fixed Assets Accounting & Reporting and Internal Audit and Process Improvements and automation Process as SME or team focused on the complete, accurate, and timely completion of Fixed Assets & Reporting and related activities within the General Accounting (GA) team.
- You will be working as SME-Fixed Assets Accounting & Reporting and will be reporting to Accounting & Reporting Manager – GA and will be a part of Bangalore, India.
- Ensure compliance with internal guidelines and procedures as well as external regulatory requirements with strong understanding of USGAP and FA Module.
- Manage end-to-end fixed asset accounting processes.
- Ensure accurate capitalization, transfers, retirements, disposals, and depreciation of assets.
- Review and approve asset creation requests in compliance with accounting policies.
- Maintain the fixed asset register and ensure completeness and accuracy.
- Monitor Construction-in-Progress (CIP) accounting and capitalization activities.
- Execute month-end, quarter-end, and year-end fixed asset close activities.
- Review depreciation runs and accounting entries.
- Prepare and validate fixed asset reconciliations between subledger and general ledger.
- Support financial statement disclosures related to Property, Plant & Equipment (PP&E).
- Analyze asset balances and investigate significant movements.
- Ensure compliance with IFRS, US GAAP, local statutory requirements, and company accounting policies.
- Maintain SOX/internal control documentation and evidence.
- Identify control gaps and implement corrective actions.
- Support internal and external audits through timely preparation of schedules and explanations.
- Ensure appropriate asset classification and useful life assignment.
- Review impairment assessments and asset write-offs.
- Monitor leased assets and right-of-use assets where applicable.
- Perform periodic asset register reviews and reconciliations.
- Resolve discrepancies between procurement, project accounting, and fixed assets records.
- Ensure asset master data accuracy and integrity.
- Develop and track key performance metrics related to fixed asset processes.
- Prepare management reports on capital expenditures, depreciation, asset additions, and disposals.
- Support budgeting and forecasting activities related to fixed assets.
- Provide insights into capital investment trends and asset utilization.
- Develop dashboards and report solutions for stakeholders.
- Act as the primary point of contact for fixed asset-related queries.
- Partner with Finance, Procurement, Tax, Controllership, and Business Operations teams.
- Coordinate with external auditors, statutory auditors, and tax advisors.
- Provide guidance on fixed asset accounting treatments and policy interpretations.
- Identify and drive process improvement initiatives.
- Lead standardization and harmonization of fixed asset processes across entities.
- Support system implementations, upgrades, and testing activities (e.g., SAP, Oracle, S4-HANA,Trintech).
- Serve as the functional expert for fixed asset accounting.
- Develop and maintain Standard Operating Procedures (SOPs).
- Deliver training and knowledge-sharing sessions to team members.
- Provide guidance during transitions, migrations, and transformation projects.
Key skills & competencies
- Strong knowledge of Fixed Assets Accounting, PP&E, Depreciation, Capitalization, and Asset Retirement.
- Experience with IFRS, US GAAP, and internal controls.
- Advanced Excel and reporting skills.
- Analytical problem-solving and stakeholder management.
- Audit support and compliance expertise.
- A master’s degree in accounting, Finance or Commerce (MBA/Mcom) is must.
- Minimum 10to 12 years of experience in Fixed Assets Accounting and Record to Report GA.
- Experience leading teams in a shared service, GBS, or multinational environment.
- Strong knowledge of working in SAP & FA Module.
About the company
ABB India Limited
ABB is a Swiss-headquartered engineering and technology group best known for electrification and automation. It has worked in India for more than a century, and its listed company here, ABB India Limited, began in 1949 as Hindustan Electric Company. ABB India makes and services electrical equipment, motors and drives and automation systems for power utilities, factories, transport and buildings, from plants and engineering centres that also supply ABB businesses in other countries.
Finance openings at ABB in India are concentrated in Bengaluru, in teams that close the books, report and control for ABB units in India and abroad. Typical roles are accounting and reporting analysts and specialists (general ledger, accounts payable and receivable, intercompany, fixed assets and lease accounting), direct and indirect tax analysts, and controlling and FP&A specialists. Most ask for a B.Com, M.Com or MBA (Finance), and several name CA, CMA or CA Inter as a requirement or an advantage.
