GPO Fixed Assets & Lease Accounting

simsmetalm•Jersey City, NJ

About The Position

Sims Limited (Sims) is a global leader in metal and electronics recycling, and an emerging leader in the renewable energy industry. With facilities across the globe, Sims plays an intrinsic role in the circular economy by making resources available for future use. As a responsible corporate citizen, we continuously seek new ways to broaden our participation in the environmental sector, ensuring that our future is as bright, safe, and secure as at any time in our long history. With a promote-from-within philosophy and a variety of programs available to support continuous learning, Sims offers the opportunity for a rewarding career. We are committed to the ecologically sound and sustainable use of resources and strive to operate in a manner that minimizes waste and protects the environment. Purpose of Role The GPO Fixed Assets and Lease Accounting is the subject matter expert and business partner for all fixed asset and lease asset accounting activities across Sims Globally. The incumbant is accountable for focus on end to end strategic process design, cross-functional stakeholder engagement and management, ensuring a customer centric process ensuring standardization across regions leveraging technology for efficiency and overseeing quality outcomes delivered through the Global Shared Services team in Chennai.

Requirements

Previous experience using fixed asset modules in accounting systems such as SAP, MS Dynamics etc as well as Lease Accounting Systems
Strong working knowledge IFRS 16 (Leases) and IAS 16 (Property, Plant and Equipment)
Experience leading and working with an offshore team.
Working knowledge of external financial reporting.
Demonstrated experience in using automation tools as it applies to fixed assets and lease accounting
CA/CPA qualification (or working towards)
Minimum years of experience (suggest 5+ years in fixed asset accounting)
Advanced Excel including ability to build pivots (and financial modelling?)
ERP systems (SAP, AX) Fixed Asset Modules
Lease accounting software
Data analysis and visualisation tools
Use of Automation tools

Responsibilities

Ensure that the offshore capability centre delivers the following services including but not limited to: Ensure capitalisation, modifications and disposals of fixed assets & leased assets are completed within month-end timelines
Maintain depreciation and amortisation rates and ensure consistency with group policy
Report movements in fixed assets & leases to Corporate timely each month
Complete monthly reconciliation reviews
Oversee fixed asset acquisition processingComplete the annual fixed asset impairment review process
Develop and maintain fixed asset dashboards and reporting to support management decision-making
Monitor and analyse capital expenditure trends, providing insights to FP&A and business stakeholders
Develop and maintain Standard Operating Procedures (SOPs) and process documentation for Chennai team
End-to-End Design: Define and own the end-to-end process for fixed assets (capitalization, depreciation, retirement) and lease accounting (IFRS 16/ASC 842 compliance).
Global Standardization: Harmonize policies and procedures across all regions and business units to eliminate fragmented, local practices.
Policy Enforcement: Develop, maintain, and ensure compliance with global fixed asset policies and lease accounting standards.
System Ownership: Act as the business owner for ERP modules
Ensure compliance with AASB 16 (Leases) and IAS 16 (Property, Plant & Equipment)
KPI Management: Define, monitor, and report on Key Performance Indicators (KPIs) to measure efficiency and accuracy (e.g., time-to-close, asset capitalization speed, lease data accuracy).
Process Transformation: Drive continuous improvement initiatives (e.g., Lean/Six Sigma) to automate processes, reduce manual efforts, and enhance efficiency.
Audit Compliance: Ensure all asset and lease data complies with SOx, internal controls, and external audit requirements
Conduct regular quality reviews of work completed by shared services team, providing feedback and coaching
Escalation point for complex or non-standard fixed asset accounting queries
Collaborate with Procurement on asset acquisition process alignment
Support Treasury/Finance on lease vs. buy analysis
Work closely with ROM’s, Finance Controllers, Tax, Treasury, Procurement, and IT to align processes with strategic goals.
Change Management: Lead the implementation of new technologies, system upgrades, and process changes across the organization.
Training & Capability Building: Educate regional finance teams on standard processes and new accounting standards