Revenue and Royalties Accounting Supervisor

4 weeks ago

Bengaluru Karnataka, India ExxonMobil Full time

**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.

**What role you will play in our team**:
The Revenue and Royalty Accounting Supervisor will report to the Revenue and Royalty Accounting Manager and supervise the Revenue and Royalty Accounting Analyst. This role involves overseeing the day-to-day operations of the revenue and royalty accounting team, ensuring accurate and timely processing of financial transactions, and maintaining compliance with relevant regulations.

Location: Bengaluru, India

**What you will do**:
**Key Responsibilities**:

- **
Team Supervision**: Supervise the Revenue and Royalty Accounting Analyst, providing guidance, development, and performance feedback
- ** Revenue Recognition**: Oversee the accurate and timely recognition of revenue in accordance with accounting standards and company policies
- ** Royalties Calculation**: Manage the calculation, reporting, and payment of royalties to stakeholders, ensuring compliance with contractual agreements and regulatory requirements
- ** Tax Management**: Supervise accounting activities related to government-required taxes, including calculating, submitting, and paying royalty and tax returns to governmental agencies
- ** Payment Processing and Analysis**: Ensure the accuracy and timeliness of revenue and royalty payment processing, ensuring compliance with tax regulations
- ** National Reporting**: Oversee the performance of required national royalty payments and reporting
- ** Audit Support**: Coordinate support for internal and external audits by preparing documentation, responding to inquiries, and ensuring compliance
- ** Financial Tasks**: Supervise various financial tasks, including cost bank bookings, reserves updates, and inventory valuation

**About You**:
**Qualifications & Skills**
- **
Education**: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- CPA or relevant certification is a plus
- ** Experience**: Minimum of 7-10 years of experience in accounting/ revenue and royalties management, preferably within the oil and gas industry. Experience with SAP and BlackLine systems is a plus
- ** Skills**:

- Strong knowledge of revenue recognition principles and royalty management
- Experience with US GAAP accounting standards is a plus
- Excellent process management and optimization skills
- Effective communication and interpersonal skills
- Ability to work collaboratively with cross-functional teams
- Proficiency in financial analysis and reporting
- Problem-solving and critical-thinking abilities

**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 ass

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