Business Segment: Baker Hughes GE Corporate Global Segments & Functions
Location(s): Malaysia; Kuala Lumpur; KUALA LUMPUR
Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity across the oil and gas value chain.
BHGE helps its customers acquire, transport and refine hydrocarbons more efficiently, productively and safely, with a smaller environmental footprint and at lower cost per barrel. Backed by the digital industrial strength of GE, the company deploys minds, machines and the cloud to break down silos and reduce waste and risk, applying breakthroughs from other industries to advance its own.
With operations in over 120 countries, the company’s global scale, local know-how and commitment to service infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world.
Follow Baker Hughes, a GE company on Twitter @BHGECo, or visit us at BHGE.com.
The Global Accounting Centre of Baker Hughes a GE company (BHGE) is based our Kuala Lumpur office. The Revenue Accountant role will be working closely with a group of professional supporting the General Accounting within global financial organisation.
Responsible in ensuring that revenue accruals and actual are prepared in line with BHIPolicy, standard processes and accounting rules and conventions.
Includes journal preparation & 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.
Setup contract validation structure, standard templates and processes and executing the task and ensuring compliance of accounting with contract clauses.
Includes 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.
Work on deliverables relating to Global projects esp. New revenue recognition project
Contact relevant Customer Services / Country Accounting Center personnel to highlight significant variance to accrual to further ensure no errors on actuals have occurred.
Prepares, documenting and keeping processes up to date for accounting role.
Prepares, Approve and Review the monthly balance sheet reconciliations prepared by the BHI team and Accenture.
Provides advice and support to the team with regards to correcting entries required.
Conducts related GL closing activities ensuring that they are completed in time and accordance to the set guidelines
Implements 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.
Assists and support other EFO teams/groups as required
Works closely with External and Internal Auditors to assist in completion of all audits
ESSENTIALS QUALIFICATION / REQUIREMENTS
Degree in Accounting or Professional Qualification in ACCA/ CPA/ MIA etc
3– 5 years’ experience in Accounting and finance.
Experience in revenue recognition and assurance & Contract review and Validation is required
Strong knowledge in accounting principles
Experience in US GAAP
PREFERRED QAULIFICATION / REQUIREMENTS
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.
Kuala Lumpur - Malaysia
Baker Hughes, a GE company is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law. Learn more
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