Property, Plant and Equipment and Leases accounting

Financial Planning and forecasting

As a Senior Accountant with Worley, you will work closely with our existing team to deliver projects for our clients while continuing to develop your skills and experience etc….

• Post necessary accrual / provision / reclass entries in GBS / HFM after management approvals. o Present variance analysis to the finance management and operations, explain reasons for change and actions required.
• Completion of physical verification of PPE as per the coverage as decided by the management before the start of statutory audit process.
• Ensure monthly/ Quarterly/ yearly compliance of regulations governing the social security trust.
• Preparation of Blackline schedules, HFM schedules pertaining to PPE and leases o Actioning on asset disposals basis request received from user department as per expected timelines.
• Participate in quarterly rolling forecasts and provide inputs and insight on headcount, costs, and allocations along with a comparison with annual plan and actuals till date and assumptions for remainder of the year.
• Review reversal of previous month entries and ensure all necessary entries relating to AP, GL, treasury, payroll, prepaid amortization, depreciation etc. are accounted before GL closure.
• Preparation of Fixed Asset register monthly along with variance analysis for major movements.
• Participate in annual financial planning process, provide inputs on direct and indirect costs (including labor G&A), APR and burden rates, facilities, software, local and corporate allocations etc. Present an analysis and commentary to local management on the key changes from last year.
• Ensure constant monitoring of trusts’ investments, work with the investment advisors, keep an eye on market developments and take timely actions on investing, redeeming, exiting as necessary.
• Analysis of monthly costs (direct & indirect), corporate and local allocations including a comparison of budget vs actual. This includes review of facilities, software usage, function costs, labor G&A etc.
• Ensure timely and accurate accounting, finalization, and audit of social security trust of Worley (Gratuity, PF, SF etc.)
• Prepare and upload balance sheet schedules in HFM with commentary
• Post GL closure, generate trail balance, verify for completeness and accuracy and upload into HFM. o Post the entries in HFM & planning which were not posted in GBS or wrongly posted in GBS ((Burden release, accruals, entries on hold, IC mismatch etc.)
• Participate in month end P&L (LRP) reviews with operations and provide explanations on key changes and responses to the queries directed.
• Monthly accounting of PPE and leases as per the relevant Ind AS or IFRS.

Trust accounting and compliance

Month-end closing – GL closure

• To ensure additions, deletions, depreciation are accurately accounted in the system monthly. o Capitalization of assets on a monthonmonth basis