Senior Accountant

Employer
McDermott
Location
Chennai
Posted
Jun 03, 2024
Closes
Jun 14, 2024
Ref
4628045698
Level
Staff, Senior
Work Mode
Work from office
Hours
Full Time
Organization Type
Academia
Company Overview:
People power our future. That is why advancing a dynamic, inclusive environment, where everyone grows and thrives is critically important to us.
Our ingenuity fuels daily life. Together, we've forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Here, what you do matters.
Job Overview:
Good knowledge in all aspects of general accounting (incl month close activities, inter-company and account reconciliation). Responsible for managing a small team of R2R accountants (servicing one or more of our global locations) and processes; adherence to company policies and procedures; and, promoting a positive team environment.
Key Tasks and Responsibilities:
- Prepare various general ledger entries for month-end close
- Prepare monthly balance sheet reconciliation and analysis
- Prepare documents for external and internal auditors to assist in quarterly and year-end audit procedures
- Coordinate with the area project team and finance departments to ensure smooth month-end close
- Assist in accounting analysis and ad hoc projects, as needed
- Ensure compliance with internal controls
- Complete and submit all non-tax-related Government Reports
- Support Financial Reporting Seniors in identifying process improvement opportunities
- Provide cross-functional assistance to?external financial reporting
- Assist in the coordination and execution of internal financial reporting
- Maintain automated financial statements and other financial reports
- Participate in all aspects of the global consolidation of the Company's operating entities through HFM (Hyperion Financial Management) reporting applications, including consolidation entries, foreign currency, intercompany transactions and reconciliations, and the elimination process
- Analyze intercompany, clearing, and suspense accounts to ensure they are recorded and eliminated appropriately every month
- Originate and process journal entries
- Assist in implementing consolidation-related process improvement initiatives and prepare ad hoc financial analyses as required for management and in support of financial reporting requirements
- Collaborate with external auditors in annual audits and quarterly reviews
- Prepare stand-alone consolidated financial statements for regulatory or compliance requirements
- Validate receipts through a relational database management system (Oracle)
- Work on database systems (SPM/Hexagon to Oracle) Integration project
- Validate PO (Purchase Order) line coding
- Validate legal entity in POs
- Responsible for execution of R2R activities assigned to the team, including US GAAP, HFM, account and balance sheet reconciliations, inter-company billing & settlement, recording monthly accruals/amortizations and other cost journals, hedge accounting, supporting tax filings and tax reconciliations
- Responsible for executing month/ quarter/ year end processes and ensuring books are closed on time
- Manage a small team (5+ team members) and be responsible for their functional and administrative deliverables
- Ensure all month end activities are completed within agreed time and of the highest quality and ensure that team metrics/KPIs are met
- Support various internal and external audits relating to R2R activities
- Provide timely and effectively communicated responses to internal and external inquiries
- Provide accurate and effective document preparation and records management relative to the R2Rfunction, in accordance with records retention policies and procedures
- Any other duties as assigned by the Principal Accountant (FSS) - R2R
Essential Qualifications & Education:
- Bachelor's degree in Accounting, Commerce , or Finance required,
- 10+ years of work experience (semi qualified CA or CMA preferred) (or) Chartered Accountant with 5+ years of work experience
- Effective communication and documentation skills, including the ability to interact effectively with various levels of staff and management
- Motivated, self-directed, and results-driven approach to work, and takes ownership of assigned tasks
- Deadline oriented
- Ability to work extended work hours as necessary for monthly closings
- Excellent organizational skills and pay attention to detail, including neatness and organization of work papers
- Effective in a dynamic environment, adapting to and managing change positively and proactively
- Capable of establishing effective working relationships that promote teamwork and collaboration
- Effective interaction with financial reporting, regulatory reporting, internal auditors, and external auditors
- Ability to remain positive, professional, calm, and focused when faced with challenging situations
- Computer literate in Microsoft programs: Word, Access, PowerPoint, Excel
- Ability to work independently
- Experience in working for a global organisation preferably with engineering companies in the oil & gas sector
- Experience with Oracle or similar ERP systems required
- Should have supervised teams of 5+ team members being majorly responsible for their productivity and performance management
- Should demonstrate process improvement mindset and experience in driving process improvements
- Good knowledge of Hyperion (HFM) and Smart view would be an advantage
- Strong attention to accuracy and detail
- Strong analytical skills and ability to communicate effectively (both verbal and written)
- Strong presentation skills and proficient in Microsoft Office (Excel, Word, Outlook, Power Point etc.)
- Demonstrate good people management skills
Preferred Qualifications and Education:
- CPA preferred
- Experience in transition management preferred
#LI-SK1
McDermott is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, genetic information, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.