Team Lead Fixed Asset

Role overview

Team Lead Fixed Asset at ABB

This Position reports to.

In this role you will be primarily responsible for End-to-End Fixed Assets Accounting & Reporting and Internal Audit and Process Improvements and automation Process as team leader focused on the complete, accurate, and timely completion of Fixed Assets & Reporting and related activities within the General Accounting (GA) team.

Responsibilities

• Ensure compliance with internal guidelines and procedures as well as external regulatory requirements with strong understanding of USGAP and FA Module.
• Ensure accurate capitalization, transfers, retirements, disposals, and depreciation of assets.
• Maintain the fixed asset register and ensure completeness and accuracy.
• Execute month-end, quarter-end, and year-end fixed asset close activities.
• Prepare and validate fixed asset reconciliations between subledger and general ledger.
• Support financial statement disclosures related to Property, Plant & Equipment (PP&E).
• Analyze asset balances and investigate significant movements.
• Ensure compliance with IFRS, US GAAP, local statutory requirements, and company accounting policies.
• Maintain SOX/internal control documentation and evidence.
• Support internal and external audits through timely preparation of schedules and explanations.
• Ensure appropriate asset classification and useful life assignment.
• Review impairment assessments and asset write-offs.
• Monitor leased assets and right-of-use assets where applicable.
• Perform periodic asset register reviews and reconciliations.
• Ensure asset master data accuracy and integrity.
• Develop and track key performance metrics related to fixed asset processes.
• Prepare management reports on capital expenditures, depreciation, asset additions, and disposals.
• Support budgeting and forecasting activities related to fixed assets.
• Provide insights into capital investment trends and asset utilization.
• Develop dashboards and report solutions for stakeholders.
• Coordinate with external auditors, statutory auditors, and tax advisors.
• Provide guidance on fixed asset accounting treatments and policy interpretations.
• Lead standardization and harmonization of fixed asset processes across entities.
• Support system implementations, upgrades, and testing activities (e.g., SAP, Oracle, Workday, TRIRIGA).
• Develop and maintain Standard Operating Procedures (SOPs).
• Deliver training and knowledge-sharing sessions to team members.
• Provide guidance during transitions, migrations, and transformation projects.
• Review complex accounting transactions and determine appropriate treatment.

Required qualifications

• A master’s degree in accounting, Finance or Commerce (MBA/Mcom) is must.
• Minimum 10to 12 years of experience in Fixed Assets Accounting and Record to Report GA.

Employment details

• Location: Bangalore [Karnātaka] [India]

About the employer

• At ABB, we help industries run leaner and cleaner—and every person here makes that happen.
• At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations.
• ABB Finance is a trusted partner to the business and a world-class team who deliver forward-looking insights that drive sustainable long-term results and operate with the highest standards.
• We look forward to receiving your application (documents submitted in English are appreciated).
• If you want to discover more about ABB, take another look at our website www.abb.com.
• It has come to our attention that the name of ABB is being used for asking candidates to make payments for job opportunities (interviews, offers).
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• All our open positions are made available on our career portal for all the criteria to apply.
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• For current open positions you can visit our career website https://global.abb/group/en/careers and apply.
• Please refer to detailed recruitment fraud caution notice using the link https://global.abb/group/en/careers/how-to-apply/fraud-warning.
• Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative.
• We welcome people from all backgrounds and experiences.
• Ready to make an impact?
• Apply today or visit www.abb.com to learn more about the impact of our solutions across the globe.
• Recruitment Fraud Warning.
• ABB never asks for payment from job applicants.
• All genuine job offers follow a formal application and interview process.
• View current job openings and apply at: https://careers.abb/global/en/home.
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Benefits

• Strong knowledge of Fixed Assets Accounting, PP&E, Depreciation, Capitalization, and Asset Retirement.

Additional role details

• You’ll be empowered to lead, supported to grow, and proud of the impact we create together.
• Join us and help run what runs the world.
• Fixed Assets Team Lead.
• Team Lead-Fixed Assets.
• Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.
• Together, we are embarking on a journey where each one of us, individually and collectively, welcomes and celebrates individual differences.
• You will be working as Team Lead-Fixed Assets Accounting & Reporting and will be reporting to Accounting & Reporting Manager – GA and will be a part of Bangalore, India.
• Fixed Asset Accounting Operations.
• Manage end-to-end fixed asset accounting processes.
• Review and approve asset creation requests in compliance with accounting policies.
• Monitor Construction-in-Progress (CIP) accounting and capitalization activities.
• Financial Reporting & Month-End Close.
• Review depreciation runs and accounting entries.
• Compliance & Internal Controls.
• Identify control gaps and implement corrective actions.
• Asset Lifecycle Management.
• Govern the complete asset lifecycle from acquisition to disposal.
• Reconciliation & Data Quality.
• Resolve discrepancies between procurement, project accounting, and fixed assets records.
• Reporting & Analytics.
• Stakeholder Management.
• Act as the primary point of contact for fixed asset-related queries.
• Partner with Finance, Procurement, Tax, Controllership, and Business Operations teams.
• Process Improvement & Automation.
• Identify and drive process improvement initiatives.
• Promote automation opportunities to improve efficiency and control.
• SME Governance Responsibilities.
• Serve as the functional expert for fixed asset accounting.
• Key Skills & Competencies.
• Experience with IFRS, US GAAP, and internal controls.
• ERP knowledge (SAP, Oracle,).
• Advanced Excel and reporting skills.
• Analytical problem-solving and stakeholder management.
• Audit support and compliance expertise.
• Experience leading teams in a shared service, GBS, or multinational environment.
• Strong knowledge of working in SAP & FA Module.