Job Summary
Job Description – Analyst (Property Accounting Skills)
Reports to: Analyst
Position Summary
We are seeking a highly motivated and detail-oriented Property Accounting Analyst to support fixed asset, inventory, and project accounting activities. The role is responsible for maintaining accurate fixed asset and inventory records, supporting project capitalization and asset lifecycle management, preparing journal entries, performing reconciliations, and ensuring compliance with accounting policies and applicable regulations. The ideal candidate should possess strong accounting knowledge, attention to detail, and experience working with ERP systems and fixed asset accounting processes.
Basic Skills & Qualifications
- Education: Bachelor’s degree in Accounting, Finance, or M.Com /CA Inter or equivalent certification preferred
- Experience: 4 -5 years of of relevant experience in property accounting, fixed asset accounting, and inventory accounting.
Key Responsibilities
Property Accounting & Inventory Management Manage property inventory and maintain accurate records for all materials and assets. Account for all material movements including receipts, returns, consumption, and losses. Perform inventory revaluation and ensure accurate stock valuation. Reconcile physical inventory counts with book and financial records. Ensure correct application of tax and duty rates. 2. Inventory Accounting Track and report materials variances, highlighting key trends and deviations to management. Maintain comprehensive and audit-ready documentation. Support fixed asset, CWIP, and intangible asset accounting and reporting. Manage annual fixed asset verification process. Reconcile physical inventory counts with book and financial records. 3. Property Ticket Management Manage property-related tickets, including reclassifications. Coordinate with relevant teams for timely resolution and proper accounting of reclassifications. 4. Capital & Revenue Project Tracking Monitor project expenditures and compare spending against approved budgets. Prepare and deliver periodic project tracking reports. Close completed projects to the fixed asset ledger and P&L as required. 5. Ledger & Fixed Asset Management Classify and manage tangible and intangible assets. Reconcile asset-related balance sheet accounts regularly. Maintain updated and accurate fixed asset master data. Manage all asset attributes including costs, locations, cost centers, categories, tax jurisdictions, and asset values for book, local GAAP, tax, and insurance purposes. Account for financial and operating leases in compliance with applicable accounting standards. Perform ERP updates required due to policy changes or tax law updates (post internal validation). 6. Asset Sale, Reclassification & Retirement Process accounting entries for asset sales, transfers, reclassifications, and retirements. Handle project closeout postings and ensure accurate reflection in the financial statements. Property Accounting & Inventory Management Manage property inventory and maintain accurate records for all materials and assets. Account for all material movements including receipts, returns, consumption, and losses. Perform inventory revaluation and ensure accurate stock valuation. Reconcile physical inventory counts with book and financial records. Ensure correct application of tax and duty rates. 2. Inventory Accounting Track and report materials variances, highlighting key trends and deviations to management. Maintain comprehensive and audit-ready documentation. Support fixed asset, CWIP, and intangible asset accounting and reporting. Manage annual fixed asset verification process. Reconcile physical inventory counts with book and financial records. 3. Property Ticket Management Manage property-related tickets, including reclassifications. Coordinate with relevant teams for timely resolution and proper accounting of reclassifications. 4. Capital & Revenue Project Tracking Monitor project expenditures and compare spending against approved budgets. Prepare and deliver periodic project tracking reports. Close completed projects to the fixed asset ledger and P&L as required. 5. Ledger & Fixed Asset Management Classify and manage tangible and intangible assets. Reconcile asset-related balance sheet accounts regularly. Maintain updated and accurate fixed asset master data. Manage all asset attributes including costs, locations, cost centers, categories, tax jurisdictions, and asset values for book, local GAAP, tax, and insurance purposes. Account for financial and operating leases in compliance with applicable accounting standards. Perform ERP updates required due to policy changes or tax law updates (post internal validation). 6. Asset Sale, Reclassification & Retirement Process accounting entries for asset sales, transfers, reclassifications, and retirements. Handle project closeout postings and ensure accurate reflection in the financial statements. 7. Accounting Journal Entr
Skill Requirements
Technical & Functional Skills
- Strong understanding of fixed asset accounting, inventory accounting, and project accounting.
- Proficient in ERP systems – Oracle Preferred
- Knowledge of GAAP, asset classification, depreciation, and tax implications.
- Strong analytical, reconciliation, and reporting skills.
- Ability to interpret accounting policies and apply them effectively.
Soft Skills
- Excellent communication and coordination abilities.
- Strong attention to detail and problem-solving skills.
- Ability to work independently as well as in cross-functional teams.
- Ability to work under tight deadlines and manage multiple priorities.