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.
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Purpose of Role
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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.
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Principal Accountabilities
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- 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
- Process Ownership, Governance & Standardization
- 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)
- Continuous Improvement & Analytics:
- 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
- Knowledge Transfer & Quality Assurance:
- 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
- Stakeholder Partnership:
- 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
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Key Performance Indicator (KPIs)
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Quality & Compliance:
- Fixed asset register accuracy rate (target: 99%+)
- Lease Accounting and Register (accuracy and on time)
- Audit findings related to fixed assets (target: zero material findings)
- Reconciliation completion rate within policy timelines (target: 100%)
- Capitalisation threshold compliance rate
Timeliness:
- Monthly close deliverables completed on time (target: 100%)
- Average days to process capital acquisitions
- Quarterly impairment review completed by deadline
Stakeholder & Business Partner:
- Internal stakeholder satisfaction score (if we plan to do stakeholder feedback for GSS)
- Query resolution time for business partner enquiries
- Chennai team quality score / rework rate
Continuous Improvement:
- Process improvement initiatives implemented per year
- Reduction in manual processing steps or cycle time improvements
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Experience / Qualifications Required
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- 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)
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Skills
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Technical Skills:
- 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
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A career with Sims provides you with the opportunity to work with an organization whose goal is to be the world’s safest and most responsible recycling company. Our people achieve this by creating a zero-harm workplace, being exemplary members of the communities in which we operate, and being responsible stewards of the environment. We also offer competitive pay and a range of attractive benefits.
Sims is proud to be an equal opportunity employer. We value the diversity of all of our employees and are committed to creating an inclusive working environment where everyone can contribute, advance on merit, and realize their full potential. Sims does not discriminate with regard to race, sex, religion, color, national origin, citizenship status, disability, age, marital or familial status, sexual orientation, gender identity, gender expression, veteran status, housing status, source of income, or any other status protected by federal, state, or local laws. This applies to any employment decision, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Qualified applicants with a disability in need of a reasonable accommodation may request such without fear of reprisal or discrimination.
To achieve our purpose to create a world without waste to preserve our planet, we are guided by our Principles of Purpose: Be Safe + Well, Band Together, Be Accountable + Transparent, Consistently Innovate, Inspire with Purpose, Celebrate + Have Fun.
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