Head - Asset Management Cell

The In-charge Asset Management Cell (AMC) is responsible for the comprehensive review, monitoring, and control of the organizations Fixed Assets and Current Assets/Liabilities, including Debtors, Inventory, and Creditors.
The role ensures accuracy, safeguarding, optimum utilization, and timely reconciliation of assets and liabilities, while strengthening internal controls and supporting efficient working capital management.

A. Fixed Assets Management

• Conduct periodic physical verification of Fixed Assets across all locations.
• Ensure reconciliation of physical assets with the Fixed Asset Register (FAR).
• Monitor asset capitalization, transfers, disposals, and depreciation.
• Identify idle, underutilized, or obsolete assets and recommend actions.

B. Debtors (Accounts Receivable) Monitoring

• Review ageing of receivables and identify overdue/outstanding balances.
• Monitor credit limits, payment trends, and risk of potential bad debts.
• Coordinate with Sales, IBSD & DMSD for recovery follow-ups.
• Highlight doubtful debts and recommend provisioning/write-offs.

C. Inventory Management

• Oversee periodic physical verification of inventory (RM, WIP, FG, Consumables).
• Ensure reconciliation between physical stock and book records.
• Identify slow-moving, non-moving, expired, or obsolete inventory.
• Monitor inventory levels to avoid overstocking or stock-outs.

D. Creditors (Accounts Payable) Review

• Review ageing of payables and ensure timely booking of liabilities.
• Monitor outstanding dues and payment cycles.
• Identify long-pending/unreconciled creditor balances.
• Ensure compliance with agreed payment terms and policies.

E. Reconciliation & Data Integrity

• Ensure regular reconciliation of:

• FAR vs GL

• Inventory vs Books

• Debtors & Creditors sub-ledgers vs GL

• Identify discrepancies and ensure timely resolution.

F. Reporting & MIS

• Prepare periodic MIS reports covering:

• Asset status and utilization

• Debtors & creditors ageing

• Inventory position and variances

• Highlight key risks, financial impact, and actionable insights.

G. Control & Risk Management

• Identify control gaps in asset and working capital processes.
• Recommend improvements in systems, processes, and controls.
• Support fraud prevention by identifying unusual trends and anomalies.

H. Coordination & Support

• Coordinate with all concerned departments
• Support Internal Audit, Statutory Audit, and Investigations.
• Assist management in decision-making related to working capital optimization.

Qualification & Experience

• Chartered Accountant with 4+ years of experience in Audit of Asset Management and Working Capital Management.
• Strong knowledge of accounting, internal controls, and ERP systems.

Key Competencies

• Strong analytical and reconciliation skills
• Working capital management understanding
• High attention to detail and accuracy
• Data analysis and MIS reporting
• Process and control orientation
• Cross-functional coordination