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Weatherford

Financial Analyst Consolidation and Reporting

Weatherford · Bengaluru, Karnataka, India

Oil and Gas · 10,001+ employees

9 h ago
Mid (2-5 yrs) Full-time India
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About the role

The Financial Analyst will support global financial consolidation, intercompany accounting, and the preparation of consolidated financial statements. They are responsible for ensuring compliance with IFRS/US GAAP and providing variance analysis to management.

What they look for

Financial Consolidation Group Financial Reporting Intercompany Accounting Consolidation Journal Entries Top-Side Adjustments Ownership Accounting Investment Accounting Equity Accounting Financial Statement Analysis IFRS US GAAP Variance Analysis Management Reporting Oracle Hyperion OneStream SAP Group Reporting

Requirements

Candidates must hold a Bachelor's degree in a relevant field and possess 3-6 years of experience in financial consolidation or corporate reporting. Proficiency in consolidation systems like Oracle Hyperion or OneStream and strong knowledge of accounting standards are required.

Full description

Job Overview

We are seeking a detail-oriented Finance Analyst – Consolidation and Reporting to support the global financial consolidation and reporting process. This role is responsible for ensuring the accuracy, completeness, and timely delivery of consolidated financial statements through effective execution of consolidation activities, intercompany accounting, financial reporting, and compliance requirements. The successful candidate will partner with regional finance teams and key stakeholders to support monthly, quarterly, and annual close processes while ensuring adherence to IFRS/US GAAP and corporate accounting policies.

Responsibilities

  • Perform monthly, quarterly, and annual consolidation of legal entities within established reporting timelines.
  • Review and validate financial submissions received from regional finance teams.
  • Prepare consolidation journal entries, top-side adjustments, and account reclassifications.
  • Execute ownership, investment, equity, and consolidation-related adjustments.
  • Ensure accuracy of consolidated Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Equity.
  • Perform intercompany balance reconciliations and transaction matching activities.
  • Investigate and resolve intercompany discrepancies and mismatches.
  • Prepare intercompany elimination entries, including unrealized profit eliminations where applicable.
  • Monitor settlement status and ageing of intercompany balances.
  • Support the preparation of consolidated financial statements, management reports, and executive reporting packages.
  • Analyze financial performance and provide variance analysis and commentary to management.
  • Review entity submissions for completeness, accuracy, and compliance with reporting requirements.
  • Ensure compliance with IFRS, US GAAP, and company accounting policies.
  • Support implementation of new accounting standards and reporting requirements.
  • Assist with technical accounting research and accounting position papers.
  • Support internal and external audits by providing required schedules, analysis, and supporting documentation.
  • Perform consolidation activities using Oracle Hyperion (HFM/FCCS), OneStream, SAP Group Reporting, Oracle ERP, or similar systems.
  • Maintain reporting hierarchies, consolidation metadata, and reporting structures.
  • Identify automation and process improvement opportunities to enhance efficiency and reporting accuracy.
  • Develop and maintain standard operating procedures (SOPs) and process documentation.

Skills

  • Financial Consolidation Accounting
  • Group Financial Reporting
  • Intercompany Accounting & Eliminations
  • Consolidation Journal Entries & Top-Side Adjustments
  • Ownership, Investment & Equity Accounting
  • Financial Statement Analysis & Interpretation
  • IFRS and/or US GAAP Knowledge
  • Variance Analysis & Management Reporting

Qualifications

  • Bachelor's Degree in Commerce, Accounting, Finance, Business Administration, or a related discipline.
  • CA/Inter CA, CMA/Inter CMA, ACCA, or MBA (Finance) preferred.
  • 3-6 years of experience in Financial Consolidation, Corporate Reporting, or Record-to-Report (R2R) functions within a multinational organization.
  • Strong knowledge of consolidation accounting principles and group reporting processes.
  • Experience managing monthly, quarterly, and annual consolidation close activities.
  • Hands-on experience with intercompany reconciliations, eliminations, and consolidation adjustments.
  • Working knowledge of IFRS and/or US GAAP.
  • Experience supporting internal and external audits.
  • Proficiency in Oracle Hyperion (HFM/FCCS), OneStream, SAP Group Reporting, Oracle ERP, or similar consolidation tools.
  • Advanced Microsoft Excel skills with strong financial analysis capabilities.
  • Ability to work effectively under strict reporting deadlines and manage multiple priorities.
  • Strong verbal and written communication skills with the ability to collaborate across global finance teams.

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