Principal Accountant

Job Description

Job Overview:

Good knowledge in all aspects of general accounting (incl month close activities, inter-company, account reconciliation and reporting). Responsible for managing a team of R2R accountants (based out of our FSS Center in Chennai, servicing one or more of our global locations) and processes; adherence to company policies and procedures; and, promoting a positive team environment

Responsibilities

Key Tasks and Responsibilities:
• Responsible for execution of R2R activities assigned to the team, including US GAAP, HFM, account and balance sheet reconciliations, inter-company billing & settlement, recording monthly accruals/ amortizations and other cost journals, hedge accounting, supporting tax filings and tax reconciliations
• Responsible for handling month end, quarter end, year-end processes and ensure books are closed on time
• Manage designated teams and be responsible for their functional and administrative deliverables
• Ensure all month end activities are completed within agreed time and of the highest quality and ensure that team metrics/KPIs are met
• Support various internal and external audits relating to R2R activities
• Provide timely and effectively communicated responses to internal and external inquiries
• Provide accurate and effective document preparation and records management relative to the R2R function, in accordance with records retention policies and procedures
• Any other duties as assigned by the Senior Manager (FSS) – R2R

Qualifications

Essential Qualifications and Education:
• Chartered Accountant with 8+ years of work experience
• Experience in working for a global organisation preferably with engineering companies in the oil & gas sector
• Experience in transition management preferred
• Experience with Oracle or similar ERP systems required
• Should have supervised teams of 20+ team members being majorly responsible for hiring, productivity, attrition and performance management
• Should demonstrate process improvement mindset and experience in driving process improvements
• Good knowledge of Hyperion (HFM) and Smartview would be an advantage
• Strong attention to accuracy and detail
• Strong analytical skills and ability to communicate effectively (both verbal and written)
• Strong presentation skills and proficient in Microsoft Office (Excel, Word, Outlook, Power Point etc.)
• Demonstrate excellent people management skills

Company Overview and Core Values:

McDermott is a premier, fully-integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions—from the wellhead to the storage tank—to transport and transform oil and gas into the products the world needs today.

At McDermott, we hold all employees accountable to follow our 5 core values.
• Integrity – we maintain a firm adherence to legal and ethical conduct
• One Team – we are one company, where everyone is equally important
• Go Beyond – we seek courageous and creative solutions
• Well-Being – we promote all forms of well-being
• Commitment – we are reliable and dependable in delivering quality solutions