Job Family Group:
Finance Group
Job Description:
Background and purpose of role-
BP is driving a central transformation project with an objective to upgrade and standardize the policies, process, control and technology around balance sheet assurance/ reconciliation and journal entry, to implement an integrated solution via Blackline SaaS solution.
The project aims to bring digitization and enhance BP’s balance sheet reconciliation and manual journals operating and assurance capabilities.
This role is going to play a pivotal role as a part of project team. Primary objective of this role is to Prepare Balance Sheet reconciliation in BlackLine tool for BP. This role will require in-depth understanding of R2R functions and balance sheet reconciliation process in BlackLine.
The role entails ample opportunities and requires working with senior stakeholders across BP’s GBS teams, liaise up with BP-wide finance and control teams.
Key Results / Accountabilities -
- Lead and manage the balance sheet reconciliation process for the team, ensuring timely and accurate completion of all reconciliations.
- Supervise and mentor a team of reconciliation preparers, providing guidance, support, and training as needed.
- Assign responsibilities and tasks to team members, monitoring progress and performance to ensure objectives are met.
- Review balance sheet reconciliations prepared by team members, ensuring accuracy, completeness, and compliance with company policies and standards.
- Conduct regular quality assurance checks to identify and address any discrepancies or errors in the reconciliation process.
- Ensure adherence to internal controls and regulatory requirements in all reconciliation activities.
- Serve as the primary point of contact for internal stakeholders, including finance teams, auditors, and management, regarding reconciliation matters.
- Generate and analyze reports from BlackLine to monitor reconciliation status, identify trends, and track key performance indicators.
- Stay updated on accounting standards and regulations relevant to reconciliation practices.
- Investigate and resolve any variances or discrepancies identified during the reconciliation process.
- Collaborate with relevant stakeholders to address issues and discrepancies promptly.
- Document all reconciliation activities, findings, and resolutions in accordance with company standards.
- Continuously evaluate and improve reconciliation processes to enhance efficiency and accuracy.
- Provide recommendations for enhancements or automation of reconciliation procedures, leveraging BlackLine functionalities where applicable.
- Collaborate with other departments or teams to obtain necessary information or support for reconciliations.
- Provide training and support to other team members or stakeholders on BlackLine reconciliation processes and best practices.
- Assist with special projects, audits, or other ad hoc requests related to balance sheet reconciliations as needed.
- Flexibility to take on additional responsibilities or tasks within the finance or accounting function as required.
- Analyze reconciliation data to identify trends, patterns, or areas for improvement.
- Support internal and external audit processes by providing requested documentation and explanations.
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.
- Ability to interact with and influence people at all levels, geographies and time zones within the organization, building strong relationships quickly.
- Complete understanding of system landscape and infrastructure
- End to end understanding of GBS control monitoring and governance processes.
- Ensuring that BP's control environment remains effective through compliance with internal/ external requirements via the application of controls and systems across all activities in scope of operations.
- Looks for ways to do things better, faster, more efficiently.
Education and Experience
- University degree and professional qualification, CA, CIMA or MBA
- 13+ years of relevant experience in R2R Function including, Blackline Account reconciliation / SAP ECC / S4 HANA / MS Office Suite.
- Clear, fluent, and confident written and verbal communication skill.
- Strong continuous improvement mentality and drive for excellence
- Agile outlook to adapt to changing circumstances and priorities.
Knowledge and Skills Required
- Good levels of proactivity & drive, analytical thinking, strong communications & engagement, tenacity and preferably have pre-BP background experience in Blackline.
- BlackLine and SAP FI-CO End User experience is preferred.
- Understanding of the end-to-end financial process lifecycle like O2C, P2P and R2R
- Ability to communicate effectively.
- Strong stakeholder management skills
- Ability to work independently, manage multiple tasks concurrently.
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 a hybrid of office/remote working
Skills:
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.
