Castrol India Limited Compliance Finance Manager

Entity : Finance

Job Family Group : Finance Group

Job Description :

Are you ready to join a team that's driving the future of lubricants & beyond and setting new industry standards Discover how our diverse and passionate people at Castrol are shaping the industry – and how you can be part of this journey.

We're seeking versatile experts who share our passion for innovation and excellence. Bring your outstanding perspective, collaborative spirit, and challenge our thinking as we continue to lead the way in the lubricants' market & build businesses beyond lubricants. This is your chance to learn, grow, and thrive in a dynamic and inclusive organization.

Apply now!

Castrol is a global leader in lubricants and part of the bp Group, one of the world's largest energy companies. In India, Castrol is a publicly listed company, leading in the Automotive, Industrial, and Marine lubricant sectors. With iconic brands, relentless innovation, strong customer relationships, and a team of highly motivated employees, we have maintained our market leadership in India for over a century. Our robust manufacturing and distribution network in India helps us reach consumers through more than 135,000 outlets.

At Castrol, success knows no bounds. We offer a fast-paced learning environment where you can develop your career, whether in specialized functions or on a general management track. Castrol India has a proud legacy of championing top talent for leadership roles, both locally and globally.

We are currently looking for Castrol India Limited Compliance Finance Manager based at Mumbai with details mentioned below.

Let me tell you about the role!

To provide assurance that accounting and financial reporting for Castrol India Limited is consistent with Group requirements and local statutory requirements, i.e. ensuring financial integrity and compliance

What You Will Deliver

Lead and manage the listed entity compliances including Limited Review, Statutory Audit, Annual Report, Related Party transactions, Tax and Cost Audit

Accurate month end close and timely information of actual performance and provide business insights on quarterly business performance for Board engagements, support in preparation of quarterly press release, Analyst Calls, Investor Presentation and Annual General Meeting.

Ensure compliance to SEBI LODR on related party transaction including engagement with business and support Audit Committee approval process.

Stay current on developments in India (and BP Group) on accounting standards, the companies act and other related areas and act as a focal point for providing advice and implementation of the changes

Lead the treasury operations in India and work on maximizing the returns on investment ensuring compliance to group, Board approvals.

Monitor and implement changes in business processes, banking regulations, FEMA, etc applicable to Treasury activities.

Handling all financial compliance related issues with the relevant statutory authorities.

Lead the relationship and liaise with statutory auditors, Bankers, Direct and Indirect tax team & FBT

Manage the in house retirals trust operations and compliances for lubes entities in India.

Development and facilitation of an India accountants network including the coaching and development of staff in this function especially constant guidance to FBT team on requirements, new regulations etc.

To actively participate in the Commercial negotiations of Capex / Revex items

To support finance director to discharge the board responsibilities related to accounting numbers, risk and control agenda etc

What Will Make You Successful

Educational Qualification :

Chartered Accountant / Cost Accountant or equivalent.

Any post graduate degree would be value added

Experience :

• 15 to 20 years' post qualification experience. Need prior experience of working in similar role with a listed company in India. Big 4 experience - will be added advantage
• Good understanding of BP reporting, accounting processes and control systems including the key interfaces with other Corporate & Functional departments
• Good understanding of Ind AS and IFRS accounting standards, Companies Act and SEBI LODR regulations, Direct and Indirect Tax regulations
• Problem solving skill and ability to explore alternatives & options - Mastery
• Strategic thinking - Mastery
• Process orientation - Mastery
• Strong impact, interpersonal and communication skills - Mastery
• Ability to challenge and influence effectively interfacing with staff from all disciplines - Mastery
• Ability to lead and develop the talent in the team – Mastery
• Good judgment in identifying and handling potentially sensitive financial, control, ethical and people issues – Mastery
• Ability to manage multiple / conflicting priorities – Mastery
• Ability to bring innovation and creativity to the job – Basic

You will work with

Internal stakeholders, GBS team, Auditors, Senior leadership team

Culture

bp believes in creating a culture that allows you to live our purpose, play to win while caring for others - and there is a huge focus on diversity equity and inclusion. We are a very open and respectful organization, where there is a lot of respect given to listening to all perspectives and hence people are encouraged to speak up, contribute at all levels irrespective of level or department.

The marketing team is a bunch of young and passionate individuals from varied backgrounds, and we thrive on being able to learn from each other as well as a lot of external orientation from the best in the industry. we deeply value partnerships especially with our sales colleagues and strongly believe in the power of unleashing one team to be able to break barriers, challenge status quo and create new achievements.

Why join our team

We support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance :

This role is eligible for relocation within country

Remote Type :

This position is not available for remote working

Skills :

Accounting for financial instruments, Accounting policy, Accounting Processes and Financial Systems, Analytical Thinking, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Creativity and Innovation, Credit Management, Customer centric thinking, Digital Fluency, Financial Reporting, Influencing, Internal control and compliance, Risk Management, Stakeholder Engagement

Legal Disclaimer :

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity / neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment / accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment / accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

Skills Required

Influencing, Accounting Policy, Financial Reporting, Risk Management, Stakeholder Engagement, Credit Management, Business Process Improvement, Analytical Thinking