ARC Manager

Full time ARC Manager India, Pune 2 days ago Job category Finance Experience level Senior Relocation available This role is eligible for relocation within country Job type Professionals Travel required Up to 10% travel should be expected with this role Job code RQ104112 Job Description We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat, and mobility to millions of people every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low-carbon future. Join us and be part of what we can accomplish together. You can participate in our new ambition to become a net zero company by 2050 or sooner and help the world get to net zero. Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team? Join our Finance Team and advance your career as ARC Manager role!! About the role: The ARC Manager for the Labor and Overhead team is responsible for managing & leading a team to deliver accounting and reporting services. This role shall ensure the integrity and effectiveness of accounting policy application, internal control, financial reporting, accounting systems support and delivery of end-to-end payroll (labor costs) and overhead (e.g. office costs and other labor costs) accounting processes, including accountability for balance sheet assurance of all relevant accounts. The incumbent shall also be implementing continuous improvement plans, developing automation and standardization whilst managing conformance to internal and external requirements. Key Accountabilities: As a member of the FBT Accounting and Control extended leadership team, you will help us build and sustain seamless integration and boundary less ways of working across global teams. Intent being to harness global capability and knowledge to advance the pace of digitization and transformation of processes The details of responsibilities are: Manages a team to deliver end-to-end labor and overhead accounting and reporting processes, ensuring activity is recorded and reported accurately and in a timely manner, whilst supporting transparency, integrity and operating excellence. This will involve implemented automated interfaces, moving away from todays’ manual processes. Works with P&C to ensure cost object details are updated in a timely manner and no manual adjustments are done in finance for employees in the wrong cost objects. Develops and maintains a series of internal and external relationships to ensure the successful delivery of accounting and reporting projects, utilizing advanced technical capabilities to support requests, issues, activities, audits, and planning. Leads a team to provide solutions to drive the simplification and standardization of labor and overhead accounting and reporting processes, encouraging collaboration to design and implement system and process improvements and ensure internal and external best practices are shared across the wider team. Coordinates analysis and explanation of standard self-serve reports and accounts to ensure informed decision making, making sure that data is retained and meets obligations. Ownership of the business allocation processes within the respective businesses which will require knowledge on SAP allocations, GTOne timewriting, and developing an understanding of SAP RRB (resource related billing) Challenge all journal vouchers for office costs, especially those where the PO has been created incorrectly. Ownership of all labor and overhead balance sheet accounts and ensuring that these are reconciled in compliance with the BSA handbook. Ensures personal and team compliance with BP’s Code of Conduct and BP’s Values & Behaviours. Leadership & Supervisory: Carry out people management responsibilities in accordance with the organisation’s policies and applicable laws, including: Plan, assign and advise on work for team members. Set goals and clarity expectations, provide regular feedback, and conduct appraisals where required with direct reports. Coach team members to address process gaps, identify inefficiencies and help to embed a continuous improvement culture in the organisation. Provide mentoring, guidance, and feedback to team members to support long term career development and retention of key talent. Identify and provide opportunities for learning and self-development to build capability of the teams and ensure competency in performing activities. Secure resources to support development efforts. Continuously strive to build a culture of high-performance. Assign work to team members and manage resource allocation for the team and people in support of FBT service, control, and cost requirements. Ensure resource allocation strategy is flexible enough to respond to demand variations. Experience and Qualifications: Essential Education and Experience Finance & Accounting Professional/ Graduate with 12-15 years relevant experience with proven track record of successfully delivering end-to-end accounting and reporting processes Record to Report (R2R) / Labor and overhead operational experience / qualified accountant. Prior experience in managing high performing team(s) with delivery accountability on accounting, reporting and controls Knowledge of SAP financial modules / functionality and reporting tools Hands-on experience in process re-engineering, improvements and strong drive on process transformation Knowledge of General Accounting, payroll accounting, with an understanding of the terminology, business functions and processes Experience in process transformation initiatives In-depth knowledge of R2R processes including key roles, controls and Key Performance Indicators Desirable Criteria Experience in Leading Change - Clear vision of role and activities. Demonstrates competence in leading multi-disciplinary teams during period of major change, making decisions that impact not only immediate business issues, but also recognizing long term strategic requirements. Risk Assessment - Proven ability in assessing business risks and formulating appropriate internal controls that minimize risk. Experience of working in Finance Shared Services environment will be helpful. We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment. Legal Disclaimer: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us. If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.