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Job Ref:  1605822
Employer:  baker hughes
Job Type:  Permanent
Country:  Malaysia
City:  Kuala Lumpur
20/10/2016 01:01




The Regional Finance Shared Service Support Hub for Baker Hughes Eastern Hemisphere is based in Kuala Lumpur - Malaysia. The Revenue Lead Accountant role will be managing a group of professional supporting the Revenue function within financial organization.

  • Managing a team of 3 -6 individuals for Middle East & Asia Pacific (MEAP) revenue processes
  • Responsible in ensuring that r evenue accruals and actual are prepared in line with BHI Policy, standard processes and a ccounting rules and conventions.
  • I ncludes journal reviews of month end adjustments and accruals and other adjustments/accruals as required.
  • Ensures the related costs of revenue and other associated accounting entries are correctly posted.
  • Engages and lead global projects as per requirement- New FASB revenue recognition project, contract database project, JV automation etc
  • Set up contract validation structure, standard templates and processes and executing the task and ensuring compliance of accounting with contract clauses.
  • I ncludes Technical evaluation of contracts from Revenue recognition perspective and requires skills for contract terms interpretation
  • Variance analysis during month to identify differences from accrual to actual numbers and correcting errors.
  • Tracing the source of any errors and putting in place measure to stop re-occurrences.
  • Contact relevant Customer Services / Country Accounting Center personnel to highlight significant variance to accrual to further ensure no errors on actuals have occurred.
  • Prepare s , document ing and keep ing processes up to date for accounting role.
  • Prepare s , Approve and Review the monthly balance sheet reconciliations prepared by the BHI team and Accenture.
  • Provide s advice and support to the team with regards to correcting entries required.
  • Conduct s related GL closing activities ensuring that they are completed in time and accordance to the set guidelines
  • Implement s best practices in RAC viz. lean six sigma practices and standard processes which benchmark global best practices.
  • SAP analysis of various co. codes which involves analysis of other general accounts as well on a regular basis and advising improvements and corrective actions.
  • Assist s and support other EFO teams/groups as required
  • Work s closely with External and Internal Auditors to assist in completion of all audits.

  • Degree in Accounting or Professional Qualification in ACCA/ CPA/ MIA etc
  • At 7 years' experience in Accounting and finance with 2 years' experience in team management
  • Experience in revenue recognition and assurance & Contract review and Validation is required
  • Strong knowledge in accounting principles
  • Experience in US GAAP

  • Key accounting skills - an in depth knowledge of Double Entry Book-keeping, Account Reconciliation, Accounting Concepts for revenue and cost, accrual etc.
  • Excellent SAP, Hyperion and MS office skills.
  • Soft-skills- Excellent communication and presentation skills, Networking & relationship building, Team working, Analytical skills, Decision making/ finding solutions, Self-motivation and drive
  • Contract interpretation skills.


Great opportunity in career development with Job rotation within the shared service center COMPANY OVERVIEW

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. By being the service company that best anticipates, understands and exceeds our customers' expectations, Baker Hughes Advances Reservoir Performance. The company's 39,000-plus employees work in more than 80 countries in geomarket teams that help customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes' technology centers in the world's leading energy markets are pushing the boundaries to overcome progressively more complex challenges. Baker Hughes develops solutions designed to help manage operating expenses, maximize reserve recovery and boost overall return on investment through the entire life cycle of an oil or gas asset. Collaboration is the foundation upon which Baker Hughes builds our business and develops next-generation products and services for drilling and evaluation, completions and production and fluids and chemicals. For more information on Baker Hughes' century-long history, visit our website.

Baker Hughes is an Equal Employment Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to age, gender, gender identity, marital status, pregnancy, race, national origin, ethnic origin, color, disability status, veteran status, religion, sexual orientation or any other protection guaranteed by local law.

If you are applying to a position in the US and you are an individual with disability or a disabled veteran status, religion, sexual orientation or any other protection guaranteed by local lawran and would like any type of assistance to submit an application or to attend any recruitment or selection event, we would like to help you to ensure that your experience is as smooth as possible. If you need assistance, information, or answers to your questions, feel free to contact us or have any of your representatives contact us at Baker Hughes Application Assistance Toll Free at NA.This method of contact has been put in place ONLY to be used by those internal and external applicants who have a disability and are requesting accommodation.

For all other inquiries on your application, log in to your profile and click on the My Jobpage tab. General application status inquiries will not be handled by the call center.

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