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Lease Accounting Analyst

Location: 

Bengaluru, KA, IN

Company:  ExxonMobil

 

About us

 

At ExxonMobil, our vision is to lead in energy innovations that advance modern living and a net-zero future. As one of the world’s largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.

 

The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies. 

 

We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs. Learn more about our What and our Why and how we can work together.

ExxonMobil’s affiliates in India

 

ExxonMobil’s affiliates have offices in India in Bengaluru, Mumbai and the National Capital Region. 

 

ExxonMobil’s affiliates in India supporting the Product Solutions business engage in the marketing, sales and distribution of performance as well as specialty products across chemicals and lubricants businesses. The India planning teams are also embedded with global business units for business planning and analytics.

 

ExxonMobil’s LNG affiliate in India supporting the upstream business provides consultant services for other ExxonMobil upstream affiliates and conducts LNG market-development activities.


The Global Business Center - Technology Center provides a range of technical and business support services for ExxonMobil’s operations around the globe.


ExxonMobil strives to make a positive contribution to the communities where we operate and its affiliates support a range of education, health and community-building programs in India. Read more about our Corporate Responsibility Framework.


To know more about ExxonMobil in India, visit ExxonMobil India and the Energy Factor India.

 
Work Location: Whitefield, Bengaluru.

What role you will play in team

 

The Lease Accounting Analyst is responsible for providing advanced financial analysis and guidance on lease accounting standards, ensuring compliance with ASC 842 (US GAAP) and IFRS 16 (International) for 10K disclosure and local statutory disclosure reporting. This role requires a balance of technical lease accounting knowledge, business acumen and transformative mindset to thrive corporate/business value.

 

What you will do

 

  • Proficiency in lease accounting system technicalities, supporting the business in reviewing and interpreting lease agreement classifications, ensuring compliance with ASC 842 (US GAAP) and IFRS 16 (international). Collaborate closely with the Accounting Policy team to ensure consistent interpretation
  • Advocate Procurement/Business to understand fundamental of Lease Accounting Standard and EM Accounting Policy requirements and implications
  • Collaborate with Procurement/Business to manage and maintain lease contracts in Lease Accounting System; ROU asset and Lease Liability inception; Amortization; Interest Accretion; Pseudo Payment; Asset Retirement; Modifications Steward and coordinate lease contract renewals and cancellations and book respective accounting entries
  • Ensure compliance with ASC 842 lease accounting standard (US GAAP) and IFRS16 international accounting standard
  • Ensure lease transactions are properly recorded in Ledger for US GAAP and IFRS or Local Book where applicable
  • Reconcile lease-related accounts balance generating from Lease Accounting System with Ledger and ensure totals match for each reporting period. Analyze and resolve lease-related issues
  • Ensure materiality correct financial statement reporting in Group Reporting for 10K Lease disclosure
  • Collaborate with PWC and provide necessary documentation to support SOX compliance
  • Collaborate with FCCR to ensure compliance with local statutory books and handle Lease Disclosure
  • Analyze lease reporting and quarterly provide Lease Topic Review to stakeholders
  • Act as business partner and innovatively leverage modernized data-driven tools to provide insightful lease data to support business decision-making as well as improve end-to-end (E2E) Lease Process from business to financial statement.
  • Maintain expertise in the E2E lease process and adherence to SOX compliance and collaborate with PWC/Auditors to provide necessary documentation to support SOX review  

About you

 

Required Skills and qualifications: 

 

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
  • Minimum of 3 years of experience in Lease accounting, preferably Fixed Assets and Lease related
  • Fluent English skills due to high interaction with internal and external partners
  • Ability to effectively work across multiple organizations and teams
  • Strong Analytical skills and attention to details
  • Individual Effectiveness
  • Effective Communication
  • Costumer-Focus
  • Collaboration
  • Flexibility, Adaptability to changes and ability to work under pressure
  • Digital & Innovation mindset
  • Data Visualization Tools
  • Good experience with any accounting system like SAP, Group Reporting , Blackline, Workiva or analytics tools such as Power BI
  • Good experience in understanding of accounting principles and practices 

Your benefits

 

An ExxonMobil career is one designed to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance and life. We offer you: 

 

  • Competitive compensation 
  • Medical plans, maternity leave and benefits, life, accidental death and dismemberment benefits 
  • Retirement benefits 
  • Global networking & cross-functional opportunities
  • Annual vacations & holidays
  • Day care assistance program
  • Training and development program
  • Tuition assistance program
  • Workplace flexibility policy
  • Relocation program
  • Transportation facility
     

Please note benefits may change from time to time without notice, subject to applicable laws. The benefits programs are based on the Company’s eligibility guidelines. 

Stay connected with us

 

 

EEO Statement

 

ExxonMobil is an Equal Opportunity Employer:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or disability status.

Business solicitation and recruiting scams

 

ExxonMobil does not use recruiting or placement agencies that charge candidates an advance fee of any kind (e.g., placement fees, immigration processing fees, etc.). Follow the LINK to understand more about recruitment scams in the name of ExxonMobil.

 

Nothing herein is intended to override the corporate separateness of local entities. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship. 

 

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships.


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