Job Information
Weatherford Finance Manager in NAVI MUMBAI, India
Overview
Weatherford is a leading global energy services company. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Across our operating locations, including manufacturing, research and development, service, and training facilities, operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation.
We are focused on technology development, digital solutions, and defining our footprint in the new energy space. Our ability to provide integrated solutions across our segments will be critical to growth in our core operations and the energy transition.
Energy producers face unique challenges every day, so it is our job to create solutions that enhance safety, streamline operations, and sustain uptime to meet or exceed their targets. We operate across the global energy landscape employing some of the best diverse talent in the industry. At Weatherford, we understand the value each individual brings to the table. We celebrate diversity in all its forms and are immensely proud of our workforce. We invite you to join our passionate, talented, word-class team.
When you join Weatherford, you instantly feel connected to something bigger – a community that is grounded by our core values and driven to create innovative solutions for our customers. We celebrate each other’s successes, grow together, and learn from each other constantly. Individually, we are impressive. Together, we are unstoppable. We are One Weatherford.
Weatherford offers competitive compensation, a comprehensive benefits program and provides you a challenging and enriching career path, with a healthy balance of structure and flexibility to chart your own course.
Weatherford is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Responsibilities
DUTIES & RESPONSIBILITIES:
To manage the accounting function and work with 3rd party service centers to ensure compliance with local legislation, company policy and US GAAP accounting rules.
For example, ensure: - All accounting transactions are recorded accurately and timely.
Timely and accurate processing of A/P.
Management of inter-co invoicing process in accordance with company policy.
Correct account coding for all expenditures.
Ensure invoices and all expenditures are approved for payment in accordance with the Grant of Authority.
Cash flow management is optimum and in line with company policy.
Proper controls and processes are in place for approval and payment of employee expense reports.
Inventory and asset records are properly kept in accordance with company policy.
Responsible for managing the sales invoicing department, to ensure that sales invoices are accurately prepared, submitted to the customer on time.
Work with operations to ensure time to invoice is minimized.
Ensure compliance with the company Revenue Recognition policy.
Ensure compliance with the Project office India and all RBI requirements.
Cash flow and treasury management.
Prepare weekly cash flow forecasts and cash transfers in line with treasury policies. Work with Regional Treasury Center.
Manage the payroll function, to ensure all employees are paid accurately and timely, taxes and other deductions are correct.
Responsibility to work with operations management to ensure asset and inventory counts are performed in accordance with company policy, and to ensure the continuous reconciliation between financial, operational and physical records.
Responsible for the area's tax accounting in line with US GAAP and company policies.
Work with local tax and legal advisers to ensure statutory and tax compliance requirements are met, for example with regards to tax filings, including VAT, personnel taxes and other statutory requirements.
Responsible to ensure the internal control requirements of the Sarbanes Oxley Act are met. Monthly balance sheet reviews, timely resolution of reconciling items.
Management of the India Finance & Accounting Department to ensure team is adequately resourced with suitably experienced and trained personnel. Ensure team is motivated to achieve results, and personnel issues are effectively managed and resolved.
Ensure adequate resources and training in the use of reporting systems such as Hyperion and Essbase, keep up to date with the monthly financial reporting requirements issued by Houston.
Ensure back-up for key functions in the F&A department.
Work with Region Controller Asia and Region Finance Department, to ensure monthly financial reporting deadlines are met and all financial information is forwarded on an accurate and timely basis, through standard and other ad-hoc reports as required.
Assists the Region Credit Manager to ensure: credit is only given in line with company policy; accurate and timely billing; timely collection of accounts receivable.
Any other delegated responsibilities as instructed by Line Management within the timeframe specified in a safe and efficient manner to meet business requirements, provided the instruction is reasonable and you are capable and deemed competent to fulfil these.
MUST HAVE EXPERIENCE :
Strong knowledge in accounting, Indian GAAP, and compliance.
Experience dealing wit project offices, treasury and RBI related matters.
Good knowledge in forecast, budget, experience working with external consultants, and shared service center
Oil & Gas industry experience
Qualifications
Qualified CA
15+ years of experiecne
Job Locations IN-MH-NAVI MUMBAI
ID 2024-265068
Category OPERATIONS
Position Type Regular Full-Time