Entity:
Finance
Job Family Group:
Job Description:
Are you ready to join a team that’s driving the future of lubricants & beyond and setting new industry standards? Discover how our diverse and passionate people at Castrol are shaping the industry – and how you can be part of this journey.
We’re seeking versatile experts who share our passion for innovation and excellence. Bring your outstanding perspective, collaborative spirit, and challenge our thinking as we continue to lead the way in the lubricants' market & build businesses beyond lubricants. This is your chance to learn, grow, and thrive in a dynamic and inclusive organization.
Castrol is a global leader in lubricants and part of the bp Group, one of the world’s largest energy companies. In India, Castrol is a publicly listed company, leading in the Automotive, Industrial, and Marine lubricant sectors. With iconic brands, steadfast innovation, strong customer relationships, and a team of highly motivated employees, we have maintained our market leadership in India for over a century. Our robust manufacturing and distribution network in India helps us reach consumers through more than 135,000 outlets.
At Castrol, success knows no bounds. We offer a fast-paced learning environment where you can develop your career, whether in specialized functions or on a general management track. Castrol India has a proud legacy of championing top talent for leadership roles, both locally and globally.
This is a role within the Castrol organisation, and the successful candidate will become part of the Castrol ring-fence. If you are part of the ring-fence, it is expected that your employment will move with Castrol to new ownership.
The ARC Senior Analyst for the CSPL legal entity is responsible for leading a team that delivers accounting and reporting services. The role ensures the consistent application of accounting policies, supports the preparation and closure of IND AS financial statements, oversees IFRS reporting and internal controls, and provides accounting systems support across end-to-end financial accounting processes.
The role also requires a sound understanding of Indian tax laws and compliance requirements, active management of continuous improvement initiatives, and adherence to internal and external requirements. In addition, the incumbent expected to manage interested parties effectively and prepare presentations and reports to meet site leadership requirements.
Operational Scope
The Senior Analyst supervises a team of professionals and is accountable for the accurate and timely execution of end-to-end processes across:
General accounting and reporting
Fixed assets
Accounts receivable and credit
Accounts payable
Costing and performance reporting
Lease reporting
Statutory accounting and direct tax transactions
Delivering while ensuring compliance with policies and procedures and maintaining a strong focus on customer service, operational excellence, and control.
Key Results / Accountabilities-
Manages a team to deliver end-to-end financial accounting and reporting processes, ensuring activity recorded and reported accurately and in a timely manner, whilst supporting transparency, integrity, and operating excellence. Ensure the team’s accurate and timely delivery of end-to-end process in general accounting and reporting, fixed assets, accounts receivables, credit, accounts payable, costing, performance reporting, statutory accounting and direct tax services (i.e. journal postings, GL maintenance, system postings, report preparation, reconciliations, tax submissions, etc.) in accordance with SLAs.
Establishes and maintains a series of internal and external relationships to ensure the successful delivery of accounting and reporting project using advanced technical capabilities to support requests, issues, activities, audits, and planning.
Manage and coordinate the reconciliation of the respective systems to ensure they balance and that any discrepancies or variations are investigated and corrected.
Leads the team in simplifying and standardising accounting and reporting processes, while promoting collaboration to design and implement system and operational improvements and share internal and external standard processes.
Coordinates analysis and explanation of reports and accounts to ensure informed decision making, making sure that data retained and meets obligations.
Provide relevant advice and information to staff across CCC and its customers as and when required.
Regularly monitor outstanding general accounting and reporting issues, resolve them where possible, and advance unresolved matters to the appropriate collaborators.
Develop the annual plans and budget for own team in support of the overall planning and budgeting for CCC Finance.
Proactively identify, propose, and implement continuous improvement opportunities in existing processes within the team.
Consult with senior stakeholders internally and externally.
Sound knowledge on SAP, BO tools.
Ensures personal and team compliance with Code of Conduct and 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 CCC service, control, and cost requirements. Ensure resource allocation strategy is flexible enough to respond to demand variations.
Key Challenges
Demonstrate clear understanding of the business context of the company to be able to deliver high quality accounting, reporting and controls.
Partner with People and Culture and teams to ensure the necessary skills and experience are available to meet the challenges of a demanding and complex work.
Quick to react and adapt to constantly changing business requirements to support rapidly changing business requirements
Ensure 100% accuracy and timeliness of group and statutory reports in accordance with agreed service levels.
Develop a good understanding of the customer organisation as well as the business to be able to deliver high quality service.
Managing the day-to-day work activities of the team and ensuring the necessary skills and experience are available to meet the challenges of a demanding and complex workload.
Well versed with the various systems used for the various functions (e.g. general accounting, reporting, direct tax) it reconciles the accounts receivable system to ensure it balances correctly.
Consulting with customers and colleagues in different geographical locations, time zones and potentially in different languages using different systems requiring rigorous coordination between teams.
Managing team members who are servicing different customers in various geographical locations and using different systems.
Other Relevant Information
This position should be open to work in all time zones/ shifts including US time zone.
Open to working on weekends if requisite by business.
Education and Experience
Recognised professional accounting qualification (e.g. MIA, ACCA, CPA, CIMA).
Minimum of 8-10 years of experience in general and/or financial accounting for IND AS and IFRS.
Minimum of 8- 10 years’ experience in leading, developing, and coaching teams.
Record to Report (R2R) 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
Good working knowledge and exposure to India Income tax, Transfer pricing, SEZ and GST taxes.
Experience in process re-engineering, improvements, and strong drive on process transformation
Experience in process transformation initiatives
Required Criteria
English language competency.
Preferred Criteria
Shared service centre experience.
SAP system experience.
Why Join our team?
At Castrol, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly. Diversity Statement: At Castrol, we provide an excellent environment and benefits such as an open and inclusive culture, a great work-life balance, tremendous learning and development opportunities to craft your career path, life and health insurance, medical care package and many others!
Diversity sits at the heart of our company and as an equal opportunity employer, we stay true to our mission by ensuring that our place can be anyone's place. We do not discriminate based on race, religion, colour, national origin, gender and gender identity, 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 and interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.
Travel Requirement
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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.