Piramal Pharma | Deputy Manager - Fixed Asset Accounting

Responsibilities

• Reconcile fixed asset Subledgers to the general ledger.
• Prepare journal entries for fixed asset transactions.
• Prepare reports on fixed asset activity, including depreciation expense and changes in asset values.
• Ensure accurate and up-to-date fixed asset records in SAP, including asset master data, depreciation schedules, and transaction history.
• Prepare and analyze fixed asset reports after the accounting period close.
• Ensure all fixed asset accounting procedures are documented and kept up to date with proper sign off’s.
• Provide support and training to other staff on fixed asset accounting matters.
• Support Stat/Internal, and other audits with data and clarifications required on Fixed Assets processKey Responsibilities.
• Manage budget allocation and budget transfers in SAP Investment Management (IM) and Project Systems (PS) modules for capital expenditure (CAPEX) requisitions.
• Maintain the Capital Work-in-Progress (CWIP) tracker to ensure accurate recording, monitoring, and reconciliation of project additions, transfers, and closures.
• Coordinate with site finance and project teams to ensure timely capitalization of due and overdue CAPEX projects.
• Analyze CJIC line items and ensure accurate assignment of asset classes for capitalization.
• Calculate, review, and post monthly depreciation in compliance with the Companies Act, applicable accounting standards, and company policies.
• Maintain and reconcile the Fixed Asset Register (FAR) on a regular basis.
• Perform capital commitment analysis and provide periodic management reports.
• Review and account for foreign exchange gains/losses related to CAPEX projects.
• Ensure availability and completeness of supporting documentation for all capitalized projects and maintain audit-ready records at all times.
• Coordinate with procurement, project, and site finance teams to obtain audit evidence and ensure timely submission of audit requirements.
• Maintain comprehensive and audit-ready documentation for all capitalized assets and CWIP projects, facilitating smooth closure of audit observations and queries.
• Prepare and circulate monthly, quarterly, and ad-hoc MIS reports for India and overseas locations.
• Provide CAPEX forecasts and capitalization projections for advance tax calculations and corporate finance requirements.
• Drive ERP enhancement initiatives and support SAP S/4HANA implementation and optimization projects.
• Collaborate with cross-functional teams to ensure seamless execution of SAP S/4HANA-related projects and process transitions.
• Provide guidance and resolution for CAPEX-related queries raised by site finance and operational teams.
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Required skills & qualifications

• Strong knowledge of Fixed Assets Accounting, CWIP Accounting, Capitalization, and Depreciation posting.
• Hands-on experience in SAP, with strong proficiency in the Project Systems (PS) Module.
• Knowledge of the Investment Management (IM) module will be an added advantage.
• Sound understanding of project accounting, capital commitments, and foreign exchange accounting for CAPEX projects.
• Advanced proficiency in MS Excel and PowerPoint.
• Experience in SAP S/4HANA implementation, migration, or support projects preferred.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent communication and stakeholder management skills.
• Good interpersonal skills and ability to collaborate across functions and locations.
• Strong written and verbal English communication skills, as the role involves regular interaction with overseas stakeholders.

Piramal Pharma

Piramal Pharma is an employer hiring in India. In its own words: "Piramal Pharma is a global pharmaceutical company offering CDMO services, critical care and consumer healthcare products worldwide."

Its finance, accounts, audit and tax openings in India are mostly in Mumbai.