HCL is hiring For Property Accounting
Job description
Job Location: Chennai Sholinganallur
Role :Analyst/Team Lead
Notice Period : Immediate to 60 days
Shift: Should be willing to work in US Shifts
5 days work from office
Interview date :21st Feb'26
Time :11am-2pm
Interview Location:
HCL Technologies
No. 602/3/138, Special Economic Zone, Elcot-Sez, Medavakkam High Road, Sholinganallur, Chennai - 600119
Tower 4
Contact Person: Vivek Hari
Role & responsibilities
- 3-8 years of relevant experience in property accounting, fixed asset accounting, and inventory accounting.
1. 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 [KO1] 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.[KO4]
- 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[KO5] .
- 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 Entries & Documentation
- Prepare, document, and review journal entries (JEs) in compliance with accounting policies.
- Prepare recurring and reversing journal entries.
- Run and validate asset depreciation, including manual accelerated depreciation entries, and reconcile results (excluding CWIP).
- Ensure accurate posting and timely processing of all JEs.
