Accounting Supervisor Ii Job In Worleyparsons Sea India Private Limited In Mumbai, India

Job Description48,000 people 49 countries Over 120 office locationsWe're not just engineers We're a global team of data scientists, consultants, construction workers andinnovators all working to create a better tomorrow.

Every day, we help customers in energy, chemicals andresources get one step closer to solving our planet's toughest issues Climate change The energy transitionDigital transformation And how we can deliver a more sustainable world.

Whatever your ambition, there's a path for you here And there's no barrier to your potential career success For more information, visit

1. Job Specific Responsibilities:

1. Month-end closing - GL closure: Among other activities, will include:
   • Analysis of monthly costs (direct & indirect), corporate and local allocations including a comparison of budget vs actual This includes review of facilities, software usage, function costs, labor G&A etc
   • Post necessary accrual / provision / reclass entries in GBS / HFM after management approvals.
     
     
   • Present variance analysis to the finance management and operations, explain reasons for change and actions required
   • Review reversal of previous month entries and ensure all necessary entries relating to AP, GL, treasury, payroll, prepaid amortization, depreciation etc are accounted before GL closure

1. Month-end reporting -
   • Post GL closure, generate trail balance, verify for completeness and accuracy and upload into HFM
   • Post the entries in HFM & planning which were not posted in GBS or wrongly posted in GBS ((Burden release, accruals, entries on hold, IC mismatch etc.
     
     )
   • Prepare and upload balance sheet schedules in HFM with commentary
   • Participate in month end P&L (LRP) reviews with operations and provide explanations on key changes and responses to the queries directed

1. Financial Planning and forecasting -

• Participate in annual financial planning process, provide inputs on direct and indirect costs (including labor G&A), APR and burden rates, facilities, software, local and corporate allocations etc Present an analysis and commentary to local management on the key changes from last year
• Participate in quarterly rolling forecasts and provide inputs and insight on headcount, costs, and allocations along with a comparison with annual plan and actuals till date and assumptions for remainder of the year

1. Payroll accounting -

• Coordinate and supervise the month end payroll processing and accounting.
  
  
• Partner with People Group and review the workings of monthly payroll prepared by payroll executive
• Review month on month changes in payroll elements (eg, salary revisions, negative leave recovery, LWP, LT members payout, bonus /VP, ESOPs, TDS etc) and prepare a commentary of such changes including actions needed for corrections / revisions / change in payroll data etc.
  
  
• Posting salary JV after management review and ensuring statutory compliances like TDS, PF, PT etc
• Make monthly reconciliation of payroll liability accounts showing between GL balance vs liability to be and present the same to finance management along with commentary on variances
• Present analysis on under / over absorption in payroll accounts as well as plan of action to keep those to a minimum
• Periodic checking of APR and fringe rates, identifying the differences and work with People Group for a timely update in master people data
• At financial year end, work with actuary, get actuarial valuation done for gratuity, leaves etc.
  
  and verify the same for accuracy and completeness before incorporating the year end liability in statutory books
• Validate and approve Full & Final settlement (FNF) of exiting employees on a timely basis

1. Trust accounting and compliance -

• Ensure timely and accurate accounting, finalization, and audit of social security trust of Worley (Gratuity, PF, SF etc)
• Ensure monthly/ Quarterly/ yearly compliance of regulations governing the social security trust
• Ensure constant monitoring of trusts' investments, work with the investment advisors, keep an eye on market developments and take timely actions on investing, redeeming, exiting as necessary.
  
  

1. Audits-

• Lead Management and Statutory Audit activities for the Worley entity Be the focal point of contact for the auditors from audit planning to signing of audit report
• Facilitate preparation of audit schedules, RCMs and management assessment coordinate with other members of operational finance and facilitate submission of audit deliverables
• Respond to auditors' queries and coordinate responses from other stakeholders within operational finance

1. Other activities -

• Advance tax calculations - Prepare statement of estimated tax liability every quarter, considering the YTD actual results, forecast for the remainder of the year, exemptions, and changes to previous assumptions etc.
  
  Present the calculations to tax manager and operational finance leader for review and approval
• Blackline reconciliations - Prepare/Review/Approve all Balance Sheet accounts reconciliation in blackline as per assigned area of responsibility Note actions from reconciliation review & take necessary actions in the current month
• Work towards automation of manual / mundane tasks, work with IT / process / FP&A team on designing / implementing dashboards for key cost items (eg.
  
  labor G&A, facilities, software usage etc)
• Evaluate and validate vendor financial submissions for upcoming projects
• Any other ad-hoc tasks that are assigned by the local management

1. Minimum Qualifications:

Education: Chartered Accountant Experience: 3-7 years in similar profile Experience of audit in Big 4s would be preferred.

1. IT and other Skills:

• Good working knowledge in MS Office Applications (specially excel and word)
• Experience of Accounting Software - Oracle, would be preferred
• Good communication, presentation, and inter-personal skills
• Ability to contribute individually and work seamlessly with a group / team
• Attention to details, inclination to deep dive, analyze, rationalize and act proactively

Qualifications48,000 people 49 countries Over 120 office locationsWe're not just engineers We're a global team of data scientists, consultants, construction workers andinnovators all working to create a better tomorrow.

Every day, we help customers in energy, chemicals andresources get one step closer to solving our planet's toughest issues Climate change The energy transitionDigital transformation And how we can deliver a more sustainable world.

Whatever your ambition, there's a path for you here And there's no barrier to your potential career success For more information, visit

1. Job Specific Responsibilities:

1. Month-end closing - GL closure: Among other activities, will include:
   • Analysis of monthly costs (direct & indirect), corporate and local allocations including a comparison of budget vs actual This includes review of facilities, software usage, function costs, labor G&A etc
   • Post necessary accrual / provision / reclass entries in GBS / HFM after management approvals.
     
     
   • Present variance analysis to the finance management and operations, explain reasons for change and actions required
   • Review reversal of previous month entries and ensure all necessary entries relating to AP, GL, treasury, payroll, prepaid amortization, depreciation etc are accounted before GL closure

1. Month-end reporting -
   • Post GL closure, generate trail balance, verify for completeness and accuracy and upload into HFM
   • Post the entries in HFM & planning which were not posted in GBS or wrongly posted in GBS ((Burden release, accruals, entries on hold, IC mismatch etc.
     
     )
   • Prepare and upload balance sheet schedules in HFM with commentary
   • Participate in month end P&L (LRP) reviews with operations and provide explanations on key changes and responses to the queries directed

1. Financial Planning and forecasting -

• Participate in annual financial planning process, provide inputs on direct and indirect costs (including labor G&A), APR and burden rates, facilities, software, local and corporate allocations etc Present an analysis and commentary to local management on the key changes from last year
• Participate in quarterly rolling forecasts and provide inputs and insight on headcount, costs, and allocations along with a comparison with annual plan and actuals till date and assumptions for remainder of the year

1. Payroll accounting -

• Coordinate and supervise the month end payroll processing and accounting.
  
  
• Partner with People Group and review the workings of monthly payroll prepared by payroll executive
• Review month on month changes in payroll elements (eg, salary revisions, negative leave recovery, LWP, LT members payout, bonus /VP, ESOPs, TDS etc) and prepare a commentary of such changes including actions needed for corrections / revisions / change in payroll data etc.
  
  
• Posting salary JV after management review and ensuring statutory compliances like TDS, PF, PT etc
• Make monthly reconciliation of payroll liability accounts showing between GL balance vs liability to be and present the same to finance management along with commentary on variances
• Present analysis on under / over absorption in payroll accounts as well as plan of action to keep those to a minimum
• Periodic checking of APR and fringe rates, identifying the differences and work with People Group for a timely update in master people data
• At financial year end, work with actuary, get actuarial valuation done for gratuity, leaves etc.
  
  and verify the same for accuracy and completeness before incorporating the year end liability in statutory books
• Validate and approve Full & Final settlement (FNF) of exiting employees on a timely basis

1. Trust accounting and compliance -

• Ensure timely and accurate accounting, finalization, and audit of social security trust of Worley (Gratuity, PF, SF etc)
• Ensure monthly/ Quarterly/ yearly compliance of regulations governing the social security trust
• Ensure constant monitoring of trusts' investments, work with the investment advisors, keep an eye on market developments and take timely actions on investing, redeeming, exiting as necessary.
  
  

1. Audits-

• Lead Management and Statutory Audit activities for the Worley entity Be the focal point of contact for the auditors from audit planning to signing of audit report
• Facilitate preparation of audit schedules, RCMs and management assessment coordinate with other members of operational finance and facilitate submission of audit deliverables
• Respond to auditors' queries and coordinate responses from other stakeholders within operational finance

1. Other activities -

• Advance tax calculations - Prepare statement of estimated tax liability every quarter, considering the YTD actual results, forecast for the remainder of the year, exemptions, and changes to previous assumptions etc.
  
  Present the calculations to tax manager and operational finance leader for review and approval
• Blackline reconciliations - Prepare/Review/Approve all Balance Sheet accounts reconciliation in blackline as per assigned area of responsibility Note actions from reconciliation review & take necessary actions in the current month
• Work towards automation of manual / mundane tasks, work with IT / process / FP&A team on designing / implementing dashboards for key cost items (eg.
  
  labor G&A, facilities, software usage etc)
• Evaluate and validate vendor financial submissions for upcoming projects
• Any other ad-hoc tasks that are assigned by the local management

1. Minimum Qualifications:

Education: Chartered Accountant Experience: 3-7 years in similar profile Experience of audit in Big 4s would be preferred.

1. IT and other Skills:

• Good working knowledge in MS Office Applications (specially excel and word)
• Experience of Accounting Software - Oracle, would be preferred
• Good communication, presentation, and inter-personal skills
• Ability to contribute individually and work seamlessly with a group / team
• Attention to details, inclination to deep dive, analyze, rationalize and act proactively

Our policy is to conduct background checks for all candidates who accept an offer of employment with usIf you have the passion and talent to keep up, it's time to test the limits of what you can become Find your future with Worley

Worleyparsons Sea India Private Limited is looking for .

Worleyparsons Sea India Private Limited is looking for Any Graduate / Post Graduate profile candidates.