EY Manager - Oil & Gas Revenue Accounting 

India, Karnataka, Bengaluru 

605775771

Key Responsibilities:

• Advise clients on revenue recognition processes in accordance with GAAP and IFRS standards.
• Lead the translation of business requirements into technical specifications for SAP PRA implementations.
• Analyze and reconcile revenue accounts for clients, ensuring accuracy and completeness of financial records.
• Collaborate with client teams to gather requirements, analyze business processes, and design effective solutions that align with industry best practices.
• Prepare and review revenue-related reports, including monthly, quarterly, and annual financial statements for clients.
• Ensure compliance with internal controls and regulatory requirements related to revenue accounting for client engagements.
• Drive continuous improvement and innovation in processes and solutions, leveraging best practices.
• Support audits by providing necessary documentation and explanations regarding revenue transactions.
• Provide expert guidance on SAP PRA functionalities, including division order, production accounting, and regulatory compliance.
• Participate in special projects aimed at optimizing clients' revenue accounting processes and enhancing system performance.
• Develop and maintain strong relationships with clients, acting as a trusted advisor and point of contact throughout the project lifecycle.
• Lead delivery streams, manage projects, and engage with external clients.

Skills and Expertise Required:

• Strong knowledge of revenue recognition principles, particularly ASC 606 and IFRS 15.
• Proficiency in SAP Revenue Accounting and Reporting (PRA) and other ERP systems.
• Experience leading and managing SAP PRA module implementations for clients in the Upstream Oil & Gas sector.
• Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Strong attention to detail and accuracy in financial reporting and analysis.
• Effective communication skills, both written and verbal, to interact with clients and stakeholders at all levels.
• Ability to work independently and collaboratively in a fast-paced consulting environment.
• Proficient in Microsoft Excel and other financial analysis tools.

Experience Level:

• 8-10 years of experience in revenue accounting, specifically within the oil & gas industry and management consulting.
• Proven track record of successful project delivery in the Upstream Oil & Gas sector.
• Experience with joint venture accounting, production revenue streams, and SAP PRA is highly desirable.

Other Attributes of an Ideal Candidate:

• A bachelor’s degree, preferably in Business, Information Technology, or a related field.
• CPA or equivalent professional certification is preferred.
• Strong problem-solving skills and the ability to think critically in a consulting context.
• A proactive approach to identifying issues and implementing solutions for clients.
• Ability to manage multiple priorities and meet deadlines in a dynamic consulting environment.
• A commitment to continuous professional development and staying updated on industry trends and SAP PRA advancements.

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