Full-Time

Asset Accounting Analyst

Finance

Posted on 10/7/2025

Deadline 10/13/25
BP

BP

10,001+ employees

Global energy company transitioning to renewables

No salary listed

Pune, Maharashtra, India

In Person

This role is eligible for relocation within country.

Category
Accounting (2)
,
Required Skills
SAP Products
Requirements
  • Bachelor’s Degree in Business, Finance, Accounting or related field.
  • Recognized professional accounting qualification (e.g. ACCA, CPA, CIMA).
  • Minimum of 4 years of experience in general and/or financial accounting and 1 year of relevant experience in Fixed Asset Accounting.
  • Ability to meet month-end close and other deadlines.
  • Strong analytical and problem-solving skills.
  • Strong communication and interpersonal skills.
  • Good organizational skills - attention to detail.
  • Bias for action underpinned by a strong work ethic, teamwork and proven track record of value added.
  • English language competency.
  • Demonstrated proficiency with SAP.
Responsibilities
  • Coordinate the prompt and accurate recording of financial transactions (e.g. ledger entries, journal postings, fixed asset postings etc. in line with relevant requirements, policies and procedures covering the entire Asset Life cycle ie. Assets Under Construction, Capitalization, Capitalization, Disposal etc.
  • Ensure timely delivery of process assigned in asset accounting and reporting, performance reporting.
  • Monitor open and overdue items and follow-up accordingly with the appropriate team.
  • Ensure compliance with company policies, accounting principles, and regulatory requirements in all reconciliation activities.
  • Conduct regular reconciliations of balance sheet accounts to ensure accuracy and completeness.
  • Stay updated on accounting standards and regulations relevant to Asset Accounting practices.
  • High level of familiarity with the systems used to record the accounts to ensure it complies and accounting requirements correctly.
  • Liaising with stakeholder and colleagues in different geographical locations, time zones to resolve or further escalate any complex issues faced.
  • Ensure timely liaising with seniors for adherence of control checks and its effectiveness.
  • Timely communication to escalate or gain transparency for complex, critical and adhoc queries raised by stakeholder / embedded finance teams.
  • To participate in internal / external audit if and when required.
  • To adapt agile mindset.

BP operates as a global energy company that supplies oil, gas, and electricity while also investing in renewable energy projects such as solar and offshore wind. It manages exploration, production, and distribution of energy resources and aims to help the world move toward a net-zero future by growing its renewable energy capacity and reducing carbon emissions. Unlike firms that focus only on fossil fuels or renewables, BP combines traditional energy with a broad, ongoing shift toward sustainable solutions, funded by strategic investments in climate-friendly projects. Its goal is to provide reliable energy to governments, businesses, and consumers while delivering value to shareholders and supporting societal sustainability goals.

Company Size

10,001+

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1909

Simplify Jobs

Simplify's Take

What believers are saying

  • Iran conflict volatility and higher crude prices support debt reduction toward $14-18B target.
  • Buy ratings doubled to 13 with 13% analyst upside as shares rally 24-51% YTD.
  • Downstream refining margins and trading gains offset flat upstream production through 2026.

What critics are saying

  • EU windfall tax on excess profits erodes 20-30% of trading gains within 6 months.
  • Strait of Hormuz closure reduces Middle East upstream production 10-15% through 2026.
  • Debt climbs to $25.3B forcing buyback suspension, alienating investors amid share rally.

What makes BP unique

  • Superior oil trading desk generates $3-4.75B quarterly advantage over US rivals during volatility.
  • Strategic Bayer partnership scales camelina biofuels from 14B to 40B gallons by 2040.
  • Vertically integrated operations span exploration, refining, distribution, power generation across 78 countries.

Help us improve and share your feedback! Did you find this helpful?

Your Connections

People at BP who can refer or advise you

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Short-Term Disability

Long-Term Disability

Paid Vacation

Paid Holidays

Parental Leave

401(k) Retirement Plan

Flexible Work Hours

Hybrid Work Options

Company News

CNBC
Apr 14th, 2026
BP's new CEO to simplify company structure into upstream and downstream units

BP will reorganise into two main business units — upstream and downstream — under new CEO Meg O'Neill, who took the helm on 1 April, a spokesperson confirmed on Tuesday. The company currently operates three main divisions covering gas and low carbon, oil production and operations, and customers and products. The move aligns with calls from US hedge fund Elliott, which holds a stake of just over 5% in BP, for a simplified structure. There is no set timeline for the reorganisation. Two weeks ago, BP named Carol Howle as deputy chief executive to oversee portfolio review and strategy development. The restructuring marks a shift from former CEO Bernard Looney's 2020 overhaul, which emphasised renewable energy but drew investor criticism.

Yahoo Finance
Apr 14th, 2026
BP Whiting refinery lockout enters fourth week, shares trade 39.5% below fair value

BP has locked out more than 800 union workers at its Whiting refinery in Northwest Indiana, with the dispute continuing into its fourth week. Replacement workers have been brought in as negotiations over concessions remain unresolved. The lockout raises concerns about refinery safety, operational stability and economic impact on the surrounding community. For investors, the dispute represents a material operational and social risk factor, particularly as the duration extends and regulatory scrutiny increases. BP shares currently trade at £5.74, roughly in line with analyst targets, though Simply Wall St flags them as 39.5% below estimated fair value. The company faces a very high P/E ratio of 2,200.9x, with dividend coverage concerns as profit margins have declined year-on-year.

Yahoo Finance
Apr 14th, 2026
BP oil trading arm set for 'exceptional' Q1 as Iran conflict drives prices higher, net debt to jump to $27B

BP has forecast "exceptional" results from its oil trading division for the first quarter of 2026, driven by surging oil prices following US-Israeli military action against Iran. The Middle East conflict has disrupted energy markets, with the effective closure of the Strait of Hormuz trapping significant Gulf oil volumes. The company expects net debt to rise to between $25 billion and $27 billion, up from just over $22 billion in the previous quarter, primarily due to working capital increases of $4 billion to $7 billion caused by the price environment. Upstream output is expected to remain broadly flat compared to the fourth quarter of 2025. The update marks the first since Meg O'Neill became CEO on 1 April, replacing Murray Auchincloss.

CNBC
Apr 1st, 2026
BP's third CEO in five years: New chief Meg O'Neill faces mounting challenges at UK oil giant

Meg O'Neill is taking over as BP's chief executive, becoming the company's third CEO in five years. O'Neill joins from Woodside Energy as rising oil prices may provide some relief amid significant challenges facing the UK oil major. The rapid leadership turnover highlights the scale of difficulties confronting BP as it navigates the energy transition and market pressures.

Yahoo Finance
Mar 28th, 2026
BP highlights unprecedented Iran war oil shock amid Strait of Hormuz closure

BP has highlighted unprecedented disruption to global oil flows caused by the Iran war and closure of the Strait of Hormuz, leading to large-scale interruptions to crude and product shipments. The company's chief economist stated the current shock differs in scale from previous oil supply disruptions, with implications for long-term energy market structure. The closure affects physical supply routes, shipping costs, insurance and crude pricing, impacting how integrated oil majors manage portfolios and risks. BP's comments suggest possible shifts in energy sourcing, transport and hedging, with potential implications for capital allocation between oil, gas and lower-carbon projects. BP currently trades at £5.84, roughly 70.5% below estimated fair value according to Simply Wall St, though profit margins of just 0.03% leave limited room for error.

INACTIVE