AGM - Circle Fin Ops
Kolkata, West Bengal, IN
Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform. With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.
We're proud to be an equal opportunity employer. At VIL, we know that diversity makes us stronger. We are committed to a collaborative, inclusive environment that encourages authenticity and fosters a sense of belonging. We strive for everyone to feel valued, connected and empowered to reach their potential and contribute their best.
VIL's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our Values of Passion, Boldness, Trust, Speed and Digital. Consequently, our recruiting efforts are directed towards attracting and retaining best and brightest talents. Our endeavour is to be First Choice for prospective employees.
VIL ensures equal employment opportunity without discrimination or harassment based on race, colour, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
VIL is an equal opportunity employer committed to diversifying its workforce.
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Role / Job Band |
Cluster Assets & Project Accounting (APA) Lead |
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Function/ Department |
Finance – FinOps |
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Reports to |
Cluster Finance Head |
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Location |
Cluster HQ |
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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. |
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Key Result Areas/Accountabilities |
1. 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.
2. 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.
3. Review ageing of CWIP and Warehouse inventory and document deployment plan to ensure ICFR compliance.
4. 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.
5. 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.
6. 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.
7. Keep updated on new corporate guidance, process changes and new projects its impact on Asset accounting and develop control checks for same.
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Core Competencies, Knowledge, Experience |
Candidates > 10 year’s experience with atleast 2-3 years on Fixed Assets accounting & controls |
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Must have technical/ professional qualifications |
Chartered Accountant / Cost Accountant / MBA Finance |
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Direct Reports |
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Vodafone Idea Limited (formerly Idea Cellular Limited)
An Aditya Birla Group & Vodafone partnership