Arc Team Lead

2 weeks ago

Cape Town, Western Cape, South Africa bp Full time
Location

  • South Africa
  • Cape Town
  • Travel required
  • No travel is expected with this role
  • Job category
  • Finance
  • Relocation available
  • This role is not eligible for relocation
  • Job type
  • Professionals
  • Job code


 RQ07153
  • Experience level
  • Intermediate
Job summary

Entity:

Finance

Job Family Group:

Finance Group

Job Summary:

Leads and manages the Operational Accounting team for Southern Africa (Fuels)

Owns, leads and manages the end to end Intercompany process and all associated operational accounting activities.


This role is responsible for ensuring the validity, accuracy and completeness of the Income Statement, Balance Sheet including Intercompany transactions & assists GBS in all aspects of financial reporting, ensuring integrity of reported results.


The role liaises with the BP Finance team on performance and provides financial information to external parties such as auditors and government departments.


The role supports management of policies & controls, manages complex and escalated issues across Finance and performs in depth troubleshooting so support operations delivery, quality management and control.

Owns and manages various processes (Intercompany, GL, Period end close, Joint venture accounting etc.).

Key Accountabilities:

  • Manage a team to deliver endtoend financial accounting and reporting processes, ensuring activity is recorded and reported accurately and in a timely manner, while supporting transparency, integrity, and operating excellence.
  • Develops and maintains a series of internal and external relationships to ensure the successful delivery of accounting and reporting projects, utilizing sound technical capabilities to support requests, issues, activities, audits, and planning.
  • Assists in driving simplification and standardization of accounting and reporting processes, encouraging collaboration to design and implement system and process improvements and ensure internal and external best practices are shared across the wider team.
  • Coordinates analysis and explanation of reports and accounts to ensure informed decision making, making sure that data is retained and meets obligations.
  • Manages a team of direct reports, ensuring the appropriate expectations, principles, structures, tools and responsibilities are in place to deliver the plan and deliver excellence.
  • In line with continuous conversations, have regular honest and constructive dialogue with team members to support performance and career development.
  • Ensures personal and team compliance with BP's Code of Conduct and BP's Values & Behaviours.
Operational Accounting and Intercompany transactions

  • Lead the Operational Accounting Team for the SA region, including Intercompany Accounting
  • Responsibility for the validity, accuracy and completeness of the GL (includes but not limited to Retail Accounting, Accounting for Slate,etc).
  • Accountable for quarterly balance sheet reconciliations and monthly analytical review procedures related to balance sheet accounts, as well as quarterly Balance Sheet Assurance.
  • Accountability for the SA Intercompany Process (invoicing, settlement, balance agreements & reconciliations, etc.), ensuring resolution of disputes, overdues and differences in compliance with Intercompany Policy.
  • Responsibility for authorisation, accuracy and completeness of journals.
  • Co owns and manages requests of new GL code combinations for the various businesses supported.
  • Provides assurance on accuracy of Additional Info and Supplementary Data disclosure requirements (e.g. related party transactions).
  • Quarterly processing of Income Tax.
  • Monthly reporting and analysis of Process Performance Indicators.
  • Approves intercompany vendor invoices consistent with DoFA.Financial Reporting
  • Ensures that the Group reporting manual is properly applied for accounts owned by Operational Accounting (incl. Intercompany) and that all accounting judgments are consulted, evidenced, documented, and approved within Accounting Policy requirements and Delegations of Authority.
  • Performs Analytical review procedures for Income Statement and Balance Sheet month on month, quarter on quarter and year on year movements.
  • Analyses monthly actual results and explains and validates month & YTD business performance, providing first level insights in a clear and timely manner for:
  • Non Fuels Income
  • Cash costs
  • Working capital
  • Supports the Monthly, Quarterly and Year
  • end reporting processes, including AFS Disclosure requirements e.g. Related Party transactions, Receivables Ageing etc.
Joint Ventures

  • Responsible for JV accounting processes and monthly review and reconciliation and agreement of SAPREF Current Account BalancesControl Risk Framework
  • Owns and manages compliance with all relevant Group Accounting, Reporting & Control Policies (eg. Intercompany policy, BSA policy, GRM)
  • Coordinates & monitors compliance with Interco policy by other GBS stakeholders (HVC, Lubes)
  • Supports and provides inpu

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