Specialist, PARA

Oceaneering International Inc.; Chandigarh; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Oceaneering International Inc. in Chandigarh, India, seeks a Specialist, PARA to support project accounting activities, including budgeting, forecasting, variance analysis, and financial performance monitoring.

The role requires strong analytical skills and meticulous data interpretation to aid business decisions. The ideal candidate has MBA (Finance) or CMA certification, with experience in project accounting, forecasting, and reporting, and familiarity with Oracle Fusion and BI tools.

Qualifications

• MBA (Finance) or CMA certification required.
• Experience in project accounting, forecasting, and reporting.
• Experience with Oracle Fusion.

Responsibilities

• Perform project accounting activities and ensure accurate financial reporting for projects.
• Review, validate, and consolidate project revenue.
• Drill down into project cost items and validate accuracy and completeness.
• Work with stakeholders to compile financial forecasts including project revenue, costs, job profit, indirect costs, and depreciation.
• Perform variance analysis of actual versus forecasted revenue and costs and identify key drivers for variances.
• Leverage Oracle Fusion for project accounting, reporting, and transaction processing.
• Prepare Balance Sheet reconciliations.
• Prepare revenue accrual schedules and record journal entries.
• Prepare cost accrual schedules and record journal entries.
• Review project costs and, in collaboration with Project Managers, prepare project cost and revenue schedules.
• Assist in external and internal audits.
• Ensure all audit, regulatory, and compliance reporting requirements are adhered to.

Skills

Analytical skills

Stakeholder management

Attention to detail

Communication

Team collaboration

Education

MBA (Finance) or CMA certification

Tools

Oracle Fusion

Power BI

Excel

PowerPoint

Word

Job description

Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. We develop products and services for use throughout the lifecycle of an offshore oilfield, from drilling to decommissioning. We operate the world's premier fleet of work class ROVs. Additionally, we are a leader in offshore oilfield maintenance services, umbilicals, subsea hardware, and tooling. We also use applied technology expertise to serve the defense, material handling, aerospace, science, and renewable energy industries.

About the Team

Overview

Since year 2003, Oceaneering’s India Center has been an integral part of operations for Oceaneering’s robust product and service offerings across the globe. This center caters to diverse business needs, from oil and gas field infrastructure, subsea robotics to automated material handling & logistics.

Our multidisciplinary team offers a wide spectrum of solutions, encompassing Subsea Engineering, Robotics, Automation, Control Systems, Software Development, Asset Integrity Management, Inspection, ROV operations, Field Network Management, Graphics Design & Animation, and more.

In addition to these technical functions, Oceaneering India Center plays host to several crucial business functions, including Finance, Supply Chain Management (SCM), Information Technology (IT), Human Resources (HR), and Health, Safety & Environment (HSE).

Our world class infrastructure in India includes modern offices, industry-leading tools and software, equipped labs, and beautiful campuses aligned with the future way of work. Oceaneering in India as well as globally has a great work culture that is flexible, transparent, and collaborative with great team synergy.

At Oceaneering India Center, we take pride in “Solving the Unsolvable” by leveraging the diverse expertise within our team. Join us in shaping the future of technology and engineering solutions on a global scale.

Job Description

Specialist, Project Accounting Reporting & Analysis (PARA) will support in the Project accounting activities, including budgeting, forecasting, variance analysis, and financial performance monitoring. The ideal candidate will have strong analytical skills, deep attention to detail, and the ability to interpret complex financial data to support business decisions.

Responsibilities

• Perform project accounting activities and ensure accurate financial reporting for projects.
• Review, validate, and consolidate project revenue.
• Drill down into project cost items and validate accuracy and completeness.
• Work with stakeholders to compile financial forecasts including project revenue, costs, job profit, indirect costs, and depreciation.
• Perform variance analysis of actual versus forecasted revenue and costs and identify key drivers for variances.
• Leverage Oracle Fusion for project accounting, reporting, and transaction processing.
• Prepare Balance Sheet reconciliations.
• Perform FLUX analysis and provide meaningful business insights.
• Prepare revenue accrual schedules and record journal entries.
• Prepare cost accrual schedules and record journal entries.
• Review project costs and, in collaboration with Project Managers, prepare project cost and revenue schedules.
• Assist in external and internal audits.
• Ensure all audit, regulatory, and compliance reporting requirements are adhered to.

Qualifications

Qualifications & Skills Required

• MBA (Finance) or CMA certification or equivalent professional accounting qualification.
• Proven experience in project accounting, financial planning, forecasting, and reporting.
• Experience working with Oracle Fusion.
• Expertise in Microsoft Office applications, particularly Excel, PowerPoint, and Word.
• Experience using Power BI and other reporting and analytics tools.
• Exceptional attention to detail with the ability to deep dive into financial data and identify trends, risks, and opportunities.
• Strong analytical, reconciliation, and problem-solving skills.
• Strong communication and stakeholder management skills.
• A collaborative working style and ability to work across multiple geographies and with a distributed workforce.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.