Job Title

Exide Energy Solutions Limited is a wholly owned Subsidiary of Exide Industries Limited, leading battery manufacturing and distribution company in India with annual revenues of $1.8+ Bn. Exide Energy Solutions Limited is investing $500+ Mn dollars to setup India’s first Giga plant to manufacture Lithium-Ion Cells at Devanahalli Industrial Area in Bengaluru. Exide Energy designs, develops, and manufactures Lithium Ion Cells and Battery Pack solutions for various energy storage. Exide Energy is a leading player in the market with OEM customers across key market applications – 2W, 3W, 4W, CV and industrial applications. Exide is also deeply invested in further developing li-ion technology with significant R&D investments including setup of in-house team as well as necessary lab infrastructure to support development activities.Roles and Responsibility:1. Identification and Capitalization of Assets: - Identify assets that need to be capitalized based on organizational guidelines and accounting policies. - Ensure proper classification and capitalization of assets according to Ind-AS and Income Tax requirements.2. Asset Register Management in SAP: - Maintain the Fixed Assets Register in SAP, ensuring all asset data is accurate, complete, and up-to-date. - Align the asset register with operational teams to ensure the accurate representation of assets. - Ensure seamless integration of SAP asset records with business operations for real-time asset tracking and reporting.3. Recording of Fixed Assets (Additions and Deletions): - Record the addition of new fixed assets and update asset information in SAP, ensuring alignment with Ind-AS guidelines. - Process asset disposals and deletions in accordance with financial and tax regulations, ensuring accurate write-offs in the system.4. Depreciation Calculation: - Run depreciation calculations for fixed assets as per Ind-AS and Income Tax guidelines, ensuring accuracy and consistency. - Monitor depreciation schedules and ensure timely recording of depreciation in the books.5. Control over CWIP (Capital Work in Progress): - Manage and monitor the Capital Work in Progress (CWIP) register. - Ensure proper transfer of CWIP to main assets once the asset is ready for use or placed in service. - Track and report CWIP in accordance with the organizational and financial reporting requirements ensuring compliance with IND AS.6. Asset Records and Physical Verification: - Ensure the accuracy and hygiene of fixed asset records, including proper asset tagging. - Oversee the physical verification process, ensuring all assets are correctly tagged and counted. - Prepare all necessary documentation for the physical verification process and audits, ensuring compliance with Ind-AS, Income Tax, and government agency requirements.7. Reconciliation of Asset Registers: - Regularly reconcile the SAP Fixed Assets Register with other systems (e.g., MES records) to ensure consistency and accuracy. - Investigate and resolve any discrepancies between records promptly.8. Compliance with CARO (Companies Auditor's Report Order): - Ensure proper application of CARO requirements in relation to fixed assets. - Ensure compliance with all aspects of CARO for fixed assets reporting and documentation during audits.9. Variance Analysis and Reporting: - Conduct variance analysis between the actual and expected values related to fixed assets (e.g., discrepancies in asset valuation or depreciation). - Record and reconcile any identified variances in the books, ensuring accurate financial reporting.10. Asset Retirement and Sales: - Oversee the retirement and sale of fixed assets, ensuring they are recorded accurately in the asset register. - Process the sale of assets, including preparing necessary documentation, updating the asset register, and calculating any gain or loss on sale. - Ensure that all legal, tax, and accounting requirements are met during the retirement or sale of assets. - Coordinate the proper transfer of asset ownership or disposal, including managing contracts, documentation, and post-sale adjustments.11. Audit and Government Compliance: - Prepare and maintain all fixed asset documentation to facilitate internal and external audits. - Ensure all records are in compliance with applicable regulations, including government agencies' audit requirements. - Address any audit queries related to fixed assets and facilitate the resolution of audit findings.Mandatory Skills- Strong expertise in Ind-AS and Income Tax regulations as they relate to fixed asset management.- Proficiency in SAP or other asset management software.- Experience with CARO (Companies Auditor's Report Order) and understanding of its application for fixed assets.- In-depth knowledge of depreciation methods and their impact on financial reporting.- Experience in managing asset retirement and sales transactions.- Excellent organizational skills and attention to detail, especially for maintaining asset records and physical verification.- Ability to collaborate effectively with the operations, finance, and audit teams.- Strong analytical skills for variance analysis and reconciliation tasks.Desired Skills- Strong expertise in Ind-AS and Income Tax regulations as they relate to fixed asset management.- Proficiency in SAP or other asset management software.- Experience with CARO (Companies Auditor's Report Order) and understanding of its application for fixed assets.- In-depth knowledge of depreciation methods and their impact on financial reporting.- Experience in managing asset retirement and sales transactions.- Excellent organizational skills and attention to detail, especially for maintaining asset records and physical verification.- Ability to collaborate effectively with the operations, finance, and audit teams.- Strong analytical skills for variance analysis and reconciliation tasks.Why Join Us?At Exide Energy Solutions, you’ll work in a dynamic, innovative environment with a commitment to sustainability and operational excellence. This role offers opportunities for professional growth while directly contributing to our mission of providing reliable, high-quality energy storage solutions.