Entity:
Finance
Job Family Group:
Finance GroupAccounting, reporting and control is a function within Finance, with accountability for handling bp’s internal control framework, policies and delegations of authority; developing the approach for, and ensuring compliance with, external requirements related to internal control over financial reporting (ICFR), including Sarbanes-Oxley (SOX). Internal Control also develops and delivers control related training and is involved in governance and other activities to support the overall control environment.The ARC Manager role is a critical role and uniquely positioned to drive a wide range of initiatives within FBT Pune, while supporting the overall accountabilities across C&P in ASPAC and functions of bp like Customer, Procurement and imbedded Finance.
Key Results / Accountabilities:
The primary accountabilities for this role will include a mix of the following individual and team accountabilities.
- Lead all aspects of the control and financial reporting review process for various entities, ensuring all relevant requirements are met and communicate results with leadership. Provide assurance around the operation of internal controls working through FP&A and other process Towers. Accountable for assuring the accuracy & completeness of the actuals process for the entities.
- Coordinate compliance with bp internal controls and drive compliance culture by coordinating meetings and providing guidance on control policies to business and finance colleagues and appropriately reporting any noted control gaps/breaks
- Stakeholder Management: Build and maintain positive relationships with business teams to enable early identification of issues and reinforce first-line control requirements. Support internal/external audits with queries relevant to the entities.
- Statutory: provide leadership and participate in statutory processes such as the LRA (letter of representation), SEA (stock exchange announcement), ARA (annual reports and accounts) and ESG (environment social and governance) reporting.
- Financial analysis: Manage the process to provide variance analysis on actuals reporting in line with group financial reporting instructions and QAR (quarterly analytical review) requirements.
- Coach the wider finance and business teams on control and reporting matters
- Operate and own relevant cash & banking and period end close controls
- Coordinate and submit relevant government reporting
- Liaison with FBT counterparts regularly on area matters to provide business context for FBT assigned deliverables while embracing an inclusive work environment and One Team attitude
- Ensure that the Group reporting manual is properly applied at the local entity level and all accounting judgements are consulted, evidenced, documented and approved within Accounting Policy requirements and Delegations of Authority.
- Lead & co ordinate quarterly Due Diligence process ASPAC business by leading conversations with the business leadership and finance counterparts to inform the quarterly due diligence process.
- Interface with internal audit for context on findings, the tiering of deficiencies and identification and communication of business process best practices.
- Monitoring and execution of roles and responsibilities as per global Event and GAP policy
- Communicate critical matters/ issues to key stakeholders, ensuring clear actions and ownership are defined and closed in a timely manner
- Maximize value by leading or actively supporting control modernization and simplification / standardization and automation initiatives including, Service Now (SNOW) and Delegations of Authority (DofA) simplification projects
- Rigorously review for approval requests for payments and accounting adjustments , escalating as appropriate as per the DofA.
- The role requires interactions across the three lines of defence, (external and internal audit)
- Lead cost management and reporting for the BP ASPAC Functions
- Drive cost efficiency strategy for the functions inline with ANZ Strategy
- Key Challenges:
- Demonstrate clear understanding of the business context of the company in order to deliver high quality service.
- Quick to react and adapt to constantly changing business requirements to support rapidly changing business requirements.
- Expertise to maximize value by leading or actively supporting control modernization and simplification / standardization initiatives that leverage technology / digital solutions.
- Ability to interact with and influence people at all levels, geographies, and time zones within the organisation, building strong relationships quickly.
- Complete understanding of system landscape and infrastructure.
- End to end understanding of FBT / BP business governance processes.
- Ensuring that BP's internal control remains effective through compliance with internal requirements via the application of controls across all activities in scope of operations.
- Qualification, Experience and Competencies
Business Capability:
Demonstrates ability to apply business acumen and clearly link value to business results at the client group level, e.g. improved decision making, Customer focus – Puts the customer and business strategy at the heart of decision-making. Ability to guide leaders through choices to best suit business requirements. Drives value-adding solutions - deeply integrated to drive business solutions, not operating as a parallel function. Proven track record of improving/adding value and taking things to the next level. Externally orientated – well connected, active in external professional communities, aware of best practice and actively shares with, and learns from others
- Leadership & EQ Capability: Demonstrates capability in line BP’s leadership expectations, with an equal balance of EQ, IQ and Drive. Group mind-set - demonstrates an understanding of the value of, and ability to develop, high quality, trust-based relationships with the site leadership team & with the wider organisation - leaders & employees. Is self-aware and recognises and can manage impact on others. Notices morale of their team and works to positively influence this. Is developing political astuteness and is and able to work successfully across organisational boundaries. Applies judgement and common sense at scale - demonstrates strong understanding of client's business and GBS and function priorities and is able to apply sound judgement / wise counsel. Acts with integrity; actively developing capability & is a role model of BP V&Bs. Ability to develop and inspire others and engender followership. Cultural fluency - ability to operate successfully across cultural boundaries with sensitivity
- Experience of FBT/ shared service/BPO type organization. Knowledge of BP policies and procedures. Experience of organisation change management. Experience of working in a matrixed organisation
Education And Experience
- University degree and professional accounting qualification (CA, CFA, ACA, CIMA, ACMA, etc.) or MBA
- 10+ years of relevant experience in internal control, risk management, internal and external audit
- Collaborative team player and agile outlook to adapt to changing circumstances and priorities
- Excellent interpersonal, communication and presentation skills.
- Strong continuous improvement mentality and drive for excellence, challenging existing ways of working and identifying quick wins and strategic solutions
- Effective communication with senior stakeholders and peers and strong influencing skills with proven capability to manage multiple/conflicting priorities and ambiguity.
- Experience of driving process reengineering across finance, reporting or control processes
- Financial reporting and control experience in industry or corporate functions will be desirable
- Fundamental understanding of BP’s approach to ICFR
Leadership Competencies
Value Expertise
Develop capability through continual learning:
Proactively develops the expertise of themselves and others and encourages and supports a climate of continual learning.
Energise People
Foster effective teamwork and collaboration:
Facilitates effective teamwork and builds collaborative relationships internally and externally.
Act Decisively
Demonstrate relentless drive and determination:
Continually demonstrates a real hunger and drive to achieve, high levels of energy and a solid resilience, and understands and manages the impact of this on others.
Deliver Results
Manage risk and drive safe, reliable and efficient operations:
Proactively manages risks and insists on sustained operational excellence.MindsetsOwn your success
- Demonstrates leadership and is accountable for driving team performance
- Inspires teams to evaluate and enhance delivery of business outcomes
- Models safe and ethical work practices and a culture of transparency
Think big
- Actively seeks opportunities to transform and enhance processes and systems
- Constantly seeks ways to transform, improve and innovate
- Builds the skills and knowledge of self and the team and promotes a collaborative team environment
Be curious
- Encourages a culture of curiosity across teams
- Ensures the delivery and improvement of digital solutions to benefit customers
- Supports the team to try new technologies, fail and learn fast and implement solutions at pace
Effortless customer experience
- Drives team to understand customer needs and deliver digital seamless self-service customer experiences
- Fosters cross-functional collaboration in support of One Finance
Digital first
- Keeps up-to-date with digital innovation and seeks digital solutions for problems
- Encourages the team to deliver creative digital solutions
Travel Requirement
Up to 10% travel should be expected with this role
Relocation Assistance:
This role is eligible for relocation within country
Remote Type:
This position is not available for remote working
Skills:
Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial Reporting, Influencing, Internal control and compliance, Long Term Planning {+ 4 more}
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.
