AGM - Cluster APA Lead

Role / Job Band

Cluster Assets & Project Accounting (APA) Lead

Function/ Department

Finance – FinOps

Reports to

Cluster Finance Head

Location

Cluster HQ

Job Purpose

The role would be responsible for end to end Assets controls and accounting for the circle/Cluster and involve strong understanding of Accounting process, SAP system knowledge, SSC controls and required skillset to analyse Fixed Asset Register, Capital Work-in-Progress / Provisional capitalisation, validate inter state/ intra circle / inter circle transfers and variance review of Depreciation to ascertain its correctness. Jobholder will also be responsible to minimise financial exposure from any loss of assets by ensuring timely settlement of insurance claims.

The position need to lead and coordinate Physical Verification of Assets (ICFR control), impairment assessment, Scrap approval at cluster and asset retirement through SSC and insurance claims as per Organisational policy.

Process owner need to ensure adherence to Internal Controls and SOX Compliance norms relating to the APA process and would work with close coordination with all functions and in specific SSC, NWS, Admin, Retail, SCM, and Corporate team.

Key Result Areas/Accountabilities

• Coordinate with NWS team to get NSS update for New sites, site to site movement to ensure timely and correct capitalization and review monthly FAR additions.
• Ensure Assets under Admin and Retail team are reviewed with under function for deployment in periodic frequency as per ICFR and coordinate with SSC for updation for site to site movement and to assist user function raise scrap note as required.
• Review ageing of CWIP and Warehouse inventory and document deployment plan to ensure ICFR compliance.
• Review FAR listing for switched off sites and coordinate with NWS on categorization of Usable & non usable to update impairment assessment. Ensure and monitor initiation of Scrap approval and disposal and accounting of same.
• Review of insurance Claim Tracker for proper accounting of claims received and lodged (ICFR Control) and coordinate with NWS team and surveyor to close open claims.
• Coordinate and liaison for Physical Verification of Fixed Assets as per ICFR control, review periodic reconciliation of NOC vs FAR vs NSS done by SSC and coordinate for resolution with NWS and SSC.
• Keep updated on new corporate guidance, process changes and new projects its impact on Asset accounting and develop control checks for same.
  
  
  

• Hands on knowledge of SAP system & Excel
• Technical Knowledge of Accounting Standards and ICFR controls
• Experience in handling bulk data and Deep analytical skills
• Influencing skills, ability to connect with various stakeholders
  
  
  

• None in case of stand alone cluster.
• Yes, in case of merged cluster