Group Reporting delivers accurate and on time financial information to internal and external stakeholders. In addition, it is a center of expertise which sets standards, provides advice and builds capability for financial accounting and reporting within Shell.
The Business Accounting & Analysis (BAA) team is responsible for advising the businesses on all major Group accounting issues, including the accounting advice on complex M&A transactions, major projects, interpretation of IFRS standards and financial implications of material scenarios within our Global businesses. Where necessary this team writes papers outlining the appropriate accounting treatment and updating the Group accounting policy.Issues arising from accounting developments can have billions of $ impact on the Balance Sheet and hundreds of millions on the Profit and Loss Statement. Reputation issues arising from badly handled accounting issues could have a material effect on Shell share price.
The Business Accounting Advisor is a member of the BAA team and serves as the primary focal point for the Business Controller, Business Finance Leads and Business Country focal points. She/he also plays a key role, providing accounting advice and support to the Business Planning, Appraisal and Reporting “PAR” team, Finance Operations and M&A deal managers, while also managing relationships with external auditors. At quarter-end, the Business Accounting Advisors also responsible for analysing, challenging and ensuring the financial integrity of the business results submissions.
- The Business Accounting Advisor is responsible for the identification and understanding of the accounting and reporting aspects of a global and diverse business and for the professional communication of related issues to senior stakeholders.
- Working closely with Business Country focal points, Business Finance Leads, the Business Controller, M&A deal managers and Finance Operations to manage the business accounting framework and ensure accounting policy application.
- Responsible for managing relationships with the external auditors.
- Provide support in resolving accounting related issues and responsibility for execution of quarterly controls in a timely manner.
- Understand the drivers of the Business and use diagnostic skills, commercial acumen and relationships to identify, articulate and deliver strategic and operational solutions.
- Preparation of Notes to the Consolidated Financial Statements and other externally reported disclosures (QRA).
- Support Reporting & Planning teams with sector specific data required for financial statement preparation (20F), quarterly reporting (QRA) and the Group Planning process.
- Quarter close reporting activities, including analytical review of financials per Business, ensuring compliance with accounting policies and preparation of commentaries.
- Originate and Manage the Group Audit Review Papers, which are documents explaining accounting treatment in response to general Shell Group and business related complex accounting issues related to projects and topics having significant impact on the Group financial statements.
- Accountable for reviewing the Group Investment Proposals (GIP) and ensuring that risks and accounting treatment are properly explained and documented before the EVP Controller support is granted.
- Lastly, the role will have various Subject Matter Expert areas assigned to it, like specific IFRS areas or business specific KPIs, including providing trainings to SBO community.
- The key finance competencies required are in the areas of Accounting Principles, Accounting Operations and Business Analysis, including deep knowledge of IFRS/IAS.
- Degree in Accounting or Finance.
- At least 6 years of audit experience (Big4) or 8 years of finance background in multinational companies.
- Well-developed business understanding and strong business focus.
- The ability to provide accounting advice and apply a disciplined and firm approach to complex issues.
- The ability to work independently, resolve complex issues and work proactively, anticipating internal and external events that may affect the Groups accounts.
- Excellent analytical skills.
- The ability to work quickly and accurately under considerable time pressure, having an orientation to detail and high quality while maintaining the big picture.
- The ability to work effectively in a matrix environment given significant cross-department processes.
- Well-developed communication and influencing skills, effective at all levels in the organization. The ability to challenge data and processes as appropriate, whilst maintaining strong relationships across the Group.