Senior CAPEX & Fixed Assets Accountant
On-siteMunich, Bavaria, Germany
Job Summary
Own the full lifecycle of capital expenditure, reviewing project spending to ensure correct classification between CAPEX and OPEX in line with IAS 16 and IAS 38. Prepare general ledger entries for fixed assets, including depreciation runs, asset additions, transfers, disposals, and write-offs, ensuring completeness across the Fixed Asset Register. Reconcile the register to the general ledger monthly, monitor Construction in Progress accounts, and own month-end and year-end close processes for fixed assets. Produce detailed CAPEX variance reports against budget and forecast for senior leadership, coordinate annual impairment reviews, and act as the primary point of contact for external auditors. Design and maintain internal controls governing capital spend and asset tracking to reduce risk and improve consistency.
Required Qualifications
- Hold a professional accounting qualification (ACCA, ACA, or equivalent)
- Have applied the qualification in a complex, multi-entity environment with high-volume CAPEX and detailed fixed asset registers
- Have managed the end-to-end fixed asset accounting lifecycle, including CIP monitoring, depreciation scheduling, impairment reviews, and asset disposal accounting
- Demonstrate a thorough understanding of IFRS and local GAAP as they relate to property, plant, and equipment (IAS 16) and intangible assets (IAS 38)
- Navigate fixed asset modules within major ERP systems (such as SAP, NetSuite, or Oracle) with confidence
- Use Excel to manage, interrogate, and present complex asset data
- Communicate technical accounting positions clearly and credibly
- Challenge and support project managers and department heads on capital spend decisions
- Manage competing close and audit deadlines with precision
- Consistently deliver accurate outputs across multiple workstreams without compromising on quality
Desired Qualifications
- Experience participating in ERP migrations, system upgrades, or the implementation of specialised modules (e.g., fixed asset, inventory tracking, or automated reconciliation tools)
- Familiarity with Robotic Process Automation (RPA) tools or basic scripting (like VBA or Python) to automate repetitive month-end tasks
- Experience working in a multi-entity, multi-currency environment with exposure to foreign exchange (FX) accounting and intercompany transactions
- A track record of identifying inefficiencies in financial workflows and successfully driving process-improvement initiatives (e.g., shortening the month-end close cycle)
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