Manager - Capex Controller - CACorenza • Mumbai, Maharashtra, India
Manager - Capex Controller - CA
Corenza • Mumbai, Maharashtra, India
3 days ago
Job descriptionReview and control end-to-end Capex spend, from purchase order to capitalization. Ensure each project adheres to approved budgets Review vendor invoices, GRNs, and project closure documents to ensure compliance with internal controls. Maintain project-wise, store-wise, and category-wise Capex utilization reports. Ensure correct accounting treatment as per Ind AS 16 / IFRS for capitalization and CWIP. Drive timely capitalization of completed projects and maintain asset registers. Support statutory, internal, and management audits related to Capex and fixed assets. Implement Capex approval hierarchy and documentation in line with corporate policy. Maintain and periodically update a comprehensive Fixed Asset Register for all business units (stores, warehouses, offices, and IT assets). Ensure proper classification, tagging, location mapping, and depreciation of assets as per company policy. Coordinate with Projects, Admin, and Store teams to reconcile physical assets with the FAR at regular intervals. Review asset disposals, transfers, impairments, and write-offs to ensure proper accounting treatment and documentation. Drive automation and ERP integration of the FAR for real-time visibility and control. Manage insurance coverage for all fixed assets (stores, warehouses, head office, IT infrastructure). Ensure assets are adequately insured against fire, theft, natural calamities, and other business risks. Coordinate with brokers and insurers for policy renewals, endorsements, and claims settlements. Maintain insurance schedules, premium trackers, and claims MIS. Liaise with Risk, Legal, and Admin teams to ensure compliance with company risk management framework. Conduct periodic risk assessment of physical assets and recommend preventive measures. Prepare monthly Capex MIS, highlighting actual vs. budget, committed vs. uncommitted spend, and CWIP movement. Publish store / project-wise dashboards for management review. Present insurance coverage adequacy and claim status to management quarterly. Standardize Capex and insurance processes across regions and store formats. Strengthen internal controls and documentation around Capex approvals and insurance claims. Automate Capex and fixed-asset tracking through ERP / BI tools (SAP / Oracle / Power BI). Partner with cross-functional teams to ensure financial discipline in expansion and maintenance projects. 4-6 years of relevant experience in Retail / QSR / FMCG sector handling Capex control, fixed asset accounting, and insurance. Exposure to multi-store operations and new store rollout environment preferred. Deep understanding of Capex accounting, project finance, and insurance management. Strong analytical and financial modelling skills. Proficiency in Excel, Power BI, and ERP systems (SAP / Oracle / Navision). Excellent coordination and communication with project, operations, and risk teams. Ability to manage multiple stakeholders and work under tight timelines. Strong governance and process-orientation mindset. Other Requirements : Variance of Actual vs. Budgeted Capex within tolerance limits. Timely capitalization of CWIP and accurate fixed-asset reporting. Zero major audit observations in Capex / insurance areas. Claim settlement turnaround time and insurance coverage adequacy. Process improvement initiatives implemented.
About the Company : Company is well established and renowned QSR company based in Mumbai.
Role Summary : The Capex Controller will be responsible for end-to-end control, monitoring, and reporting of capital expenditure across retail expansion and refurbishment projects, including new store openings, warehouse setups, and technology rollouts. The role also oversees insurance and risk management for fixed assets, ensuring adequate coverage, claims management, and compliance with corporate risk policies. This position partners closely with Projects, Store Operations, Procurement, and FP&A teams to maintain financial discipline, ensure cost optimization, and mitigate asset-related risks.
Key Responsibilities :
1. Capex Budgeting & Planning
- Track approved vs. actual spend and highlight cost overruns or delays.
- Partner with Project and Operations teams to forecast Capex phasing and cash flow requirements.
2. Capex Control & Monitoring
3. Accounting & Compliance
4. Preparation and Review of Fixed Asset Register (FAR)
5. Insurance & Risk Management
6. Reporting & MIS
7. Governance & Process Improvement
Experience :
Skills & Personal Traits :
Qualifications :
Chartered Accountant (CA)
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Manager Manager • Mumbai, Maharashtra, India
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