Capital Expenditure ControllerCorenza • Republic Of India, IN
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Capital Expenditure Controller
Corenza • Republic Of India, IN
1 day 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. 5. Insurance & Risk Management 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.
Roles & 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) :
6. Reporting & MIS :
7. Governance & Process Improvement :
Experience :
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Controller • Republic Of India, IN
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