Tejas Networks Ltd.—Associate

Job description

Description: Tejas Networks is a global broadband, optical and wireless networking company, with a focus on technology, innovation and R&D. We design and manufacture high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas has an extensive portfolio of leading-edge telecom products for building end-to-end telecom networks based on the latest technologies and global standards with IPR ownership. We are a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder. Requirements: Chartered Accountant (CA) : Fresher CA Inter : 0-3 Years experience Responsibilities: - Property, Plant and Equipment (PPE) - Manage end-to-end accounting and control of fixed assets. - Review and capitalize assets additions in line with accounting policies and applicable accounting standards. - Monitor capitalization of projects and timely transfer from Capital work in progress (CWIP) to fixed. - Perform monthly depreciation calculations and reconciliations. - Ensure accurate asset master maintenance and tagging of fixed assets. - Coordinate periodic physical verification exercises and resolve discrepancies. - Track asset disposals, retirements, write-offs and transfers. - Ensure compliance with internal controls relating to asset capitalization and management. - Prepare schedules and disclosures for statutory and management reporting. Intangible Assets - Manage the company's insurance portfolio, including property, marine, liability, cyber, employee and other business insurance policies. - Coordinate policy renewals and ensure adequate coverage across business operation. - Liaise with insurance brokers, insurers, surveyors and internal stakeholders. - Handle end-to end insurance claims management, including claim documentation, submission, settlement tracking and accounting. - Monitor claim recoveries and ensure proper accounting treatment of insurance proceeds. - Review coverage adequacy and recommend risk mitigation measures. - Maintain insurance registers and ensure timely premium payments. Stakeholder Management - Collaborate with plant operations, procurement, project teams, IT, legal and business finance teams. - Act as a key point of contact for auditors, insurance providers and consultants. - Provide a guidance to business stakeholders on asset capitalization and insurance related matters. Technical Skills - Strong knowledge of Ind AS/IFRS relating to PPE and Intangible Assets. - Understanding of insurance accounting and claims management. - ERP experience (SAP, Oracle, Microsoft Dynamics, etc.) - Advanced Excel and financial reporting skills. - Experience with internal controls and audit processes.