KIA – Hiring for Assistant Manager – Fixed Assets (PPE) @Penukonda, AP

The automotive manufacturing landscape in India is expanding rapidly, requiring sophisticated tracking of high-value machinery, assembly lines, and industrial properties. A premier manufacturing entity is expanding its corporate finance team and accepting applications for the position of Assistant Manager – Fixed Assets (Property, Plant, & Equipment – PPE) at its manufacturing hub in KIA, Penukonda, Andhra Pradesh.

About Company

The automotive manufacturing landscape in India is expanding rapidly, requiring sophisticated tracking of high-value machinery, assembly lines, and industrial properties. A premier manufacturing entity is expanding its corporate finance team and accepting applications for the position of Assistant Manager – Fixed Assets (Property, Plant, & Equipment – PPE) at its manufacturing hub in KIA, Penukonda, Andhra Pradesh.

Job Details

Job Description

As the Assistant Manager – Fixed Assets, you are the financial custodian of the plant’s physical infrastructure. This role is responsible for executing the end-to-end accounting lifecycle for all capital assets, factory machinery, tooling configurations, and structural properties across the site.

You will manage complex capitalized tracking networks, ensuring that from the moment a capital purchase order is cut to the ultimate scrapping or sale of an asset, every transaction complies exactly with statutory audit rules, corporate guidelines, and rigorous accounting metrics.

Requirements

• Academic Foundation: Bachelor’s degree in Commerce (B.Com), Finance, Corporate Accounting, or an equivalent quantitative stream. Inter-CA / Inter-CMA qualifications or a relevant Master’s degree (M.Com/MBA Finance) will be highly advantageous.
• Professional Tenure: 1 to 3 years of active experience managing Fixed Assets and PPE accounting entirely inside a manufacturing plant, automotive facility, or heavy engineering asset network.
• Systems Mastery: Advanced, hands-on proficiency within the SAP Fixed Assets (FI-AA) module is mandatory. Candidates must understand asset class configurations, transaction codes, and depreciation keys.
• Asset Lifecycle Competencies: Proven expertise in:
• Capitalization mechanics for multi-component machinery.
• Managing complex Capital Work-In-Progress (CWIP) ledgers.
• Structuring physical verification audits for thousands of line items across large factories.
• Mathematical & Spreadsheet Base: High proficiency with Microsoft Excel (VLOOKUPs, index-match matrices, pivot cache filtering, and cost-variance modeling).

Roles and Responsibilities

• Fixed Asset Lifecycle & SAP Database Governance
• Asset Master Creation: Initialize, structure, and maintain the integrity of the Asset Master Database inside SAP FI-AA, ensuring exact assigning of asset classes, cost centers, and useful lifecycles.
• AUC & CWIP Management: Monitor and streamline Capital Work-In-Progress (CWIP) and Assets Under Construction (AUC) ledgers, leading the prompt, clean capitalization of projects once assets achieve operational readiness.
• Depreciation Processing: Execute the monthly automated depreciation run inside SAP, verifying accuracy across diverse books of accounts while reconciling any baseline calculation variances.
• Clearing Activity: Coordinate with procurement teams to review and close open Capital Purchase Orders (POs), matching invoices to clean up clearing account balances.
• 2. Asset Protection, Tracking, & Valuation Control
• Tagging Frameworks: Prepare, update, and coordinate the systematic circulation of physical asset tags across production zones to ensure comprehensive equipment tracking.
• Physical Verification: Lead structural physical verification audits across the sprawling plant facility, reconciling real-world machinery footprints against the accounting ledger records.
• Third-Party Audits: Source, track, and secure formal verification confirmations for corporate assets stationed at external third-party supplier or vendor facilities.
• Impairment Testing: Assist senior controllers in conducting regular asset impairment tests, adjusting carrying values down whenever unexpected operational damage or technical obsolescence occurs.
• Disposal Management: Oversee the financial logging, tax mapping, and retirement updates for scrapped, sold, or disposed of Property, Plant, and Equipment line items.
• 3. Reporting & Statutory Audit Compliance
• MIS Preparation: Compile and analyze comprehensive monthly Management Information Systems (MIS) reports detailing capital expenditures (CAPEX), CWIP-to-asset aging tracks, and depreciation projections.
• Audit Interfacing: Act as the primary technical point of contact for internal and external statutory auditors during PPE reviews, delivering neat schedules, walk-through entries, and original asset data logs.

How to Apply?

Role Summary

This position operates at the intersection of Fixed Asset Accounting, Capital Budgeting, and Internal Auditing. In a heavy manufacturing facility, managing capital assets involves tracking continuous engineering investments rather than static records.

You are responsible for monitoring the financial state of Capital Work-In-Progress (CWIP) and Assets Under Construction (AUC). Your tasks involve verifying that raw equipment costs are compiled accurately, trailing setup expenses are allocated to correct asset shells, depreciation schedules run cleanly each month, and assets stationed at third-party vendor sites are verified and accounted for.

Company Culture & Insights

Operating as a fixed asset controller within the Penukonda / KIA industrial corridor places your profile at the heart of one of India’s most advanced automated manufacturing zones. Because modern automotive facilities leverage robotic assembly networks, high-capacity paint booths, and sophisticated casting infrastructure, you will gain exposure to complex asset management tracking systems that consumer startups or service firms rarely encounter.

Why We Recommend This Job

• High Technical Ownership: This role grants complete horizontal visibility across the CAPEX lifecycle, transforming you into a robust expert in enterprise asset governance.
• Niche System Mastery: Developing specialized capabilities inside the SAP FI-AA engine at an early career stage ensures your long-term market value remains exceptionally strong across global supply chain sectors.
• Clear Career Trajectory: This position acts as a direct springboard into senior corporate plant controllership and global asset management roles.

Career Growth Potential

• The career progression path inside the group’s enterprise finance framework features structured corporate milestones:
• Assistant Manager - Fixed Assets ➔ Deputy Manager (Plant Controlling) ➔ Finance Manager - Capital Expenditure ➔ Chief Plant Controller ➔ Director of Corporate Finance
• During your initial 24 months, your impact focuses on perfecting individual asset configurations, accelerating CWIP capitalization timelines, and automating tracking loops across the floor. As you demonstrate strong financial acumen and a clear grasp of industrial tax laws, your scope expands to driving regional capital optimization blueprints, structuring cross-border asset leases, and steering large-scale manufacturing expansion budgets.

Skills You’ll Gain

Salary & Benefits Info

• Estimated CTC Package: For an active professional with 1 to 3 years of specialized plant fixed-asset accounting background, the Total Compensation package typically ranges from ₹5,50,000 to ₹9,50,000 per annum, finalized based on matching technical screening metrics and prior manufacturing exposure.
• Savings & Retirals: Full statutory compliance updates covering Employee Provident Fund (EPF), Gratuity accounts, and performance-backed annual variable bonus metrics.
• Health Coverage: Premium group medical, accident, and life insurance structures extending protections to immediate family dependencies.

Frequently Asked Interview Questions

1. SAP FI-AA Architecture: “What are the primary SAP transaction codes you use to manage fixed assets? Walk me through the exact steps to transition an asset out of Capital Work-in-Progress (CWIP) into an active Asset Master shell.”
2. Accounting Standard Alignment (Ind AS 16): “How do you distinguish between subsequent expenditures that can be capitalized onto an existing piece of machinery versus general repairs that must be expensed directly to the P&L statement?”
3. Physical Reconciliation Bottlenecks: “Imagine a scenario where the physical verification audit identifies a high-value CNC machine operating on the floor, but its physical asset tag is missing and it cannot be instantly located in the SAP Fixed Asset register. What concrete steps do you execute to resolve this breakdown?”
4. Impairment Logic: “What indicators or warning parameters trigger the necessity to perform an asset impairment test under accounting standards? How do you log an impairment loss inside the general ledger?”

Behavioral & Culture Questions

1. Driving Clarity in Multi-Department Workflows: “Capitalization cycles require continuous coordination with on-site floor engineers who may not prioritize accounting paperwork. How do you communicate with project execution teams to ensure they deliver installation certificates on time?”
2. Attention to Detail Under Pressure: “During fiscal year-end or quarter-end closing windows, the team faces tight deadlines to run depreciation schedules while finalizing open capital POs. Describe a situation where you had to maintain high attention to detail while navigating a high-pressure deadline.”
3. Managing Third-Party Accountability: “Describe your strategy for securing reliable and auditable asset confirmations from external suppliers who hold company-owned tooling or molds at their individual production sites.”