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Lease Accounting Supervisor

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 Supervisor serves as the highest-level lease accounting specialist, providing strategic guidance on complex lease transactions, financial reporting, and global integration projects. Liase with Accounting Policy to ensure compliance with ASC 842 (US GAAP) and IFRS16 (International) and EM Accounting Manual supporting senior stakeholders, and drives business/corporate value. This position requires deep expertise in lease accounting standards ASC 842 and IFRS16, cross-functional collaboration and business advisory capabilities.

 

What you will do

 

  • Pivotal role as the lead technical expert on lease accounting system and E2E process, ensuring compliance with lease accounting standards – ASC 842 (US GAAP) and IFRS 16 (International) and innovatively leverage modernized analytic tools to provide insightful data to support business decision
  • Closely liaise with the Accounting Policy team to stay updated on lease accounting standards; ASC 842 (US GAAP) and IFRS 16 (International) and support the Accounting Policy team on global projects and initiatives
  • Provide Lease Accounting oversight, guidance and solutions to lease accounting process and issues to drive Global standards and improvements including supporting business initiatives
  • Lead and act as business partnership to provide strategic advisory to finance leadership, procurement, and business on lease decisions to thrive corporate value
  • Lead global response to SOX review, Audits and UIAs
  • Lead, develop and conduct in-house expertise training for knowledge sustainment
  • 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
  • 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.

About you

 

Required Skills and qualifications: 

 

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field  from a recognized university scoring GPA 6.0 and above
  • Minimum 7 Years of experience in Lease Accounting / Finance activities
  • Strong knowledge of Lease accounting standards & Understand Lease accounting principles, practices
  • Fluent English skills due to high interaction with internal and external partners
  • Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
  • Experience with SAP or other ERP systems is a plus
  • Excellent communication and interpersonal skills
  • Strong analytical and critical-thinking abilities
  • Ability to work collaboratively with cross-functional teams
  • Detail-oriented with a high degree of accuracy
  • Ability to thrive in a dynamic and fast-paced environment
  • Resilience, flexibility, and agility
  • Good experience in understanding of accounting principles and practices
  • Good experience with any accounting system like SAP, Group Reporting , Blackline, Workiva or analytics tools such as Power BI

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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