Financial Accountant

3 weeks ago

Aberdeen, Aberdeen City, United Kingdom Borr Drilling Full time
Job Summary

The Financial Accountant supports the Cost Controller and Finance Manager/Financial Controller in providing timely and accurate financial reporting for Region and Corporate management. The Financial Accountant assists with the preparation of journal entries and monitors the Region's/Corporate's compliance with controls, AFE's, accounting policies, and procedures. Additionally, the Financial Accountant helps prepare for annual internal and external audits and assists with other ad-hoc financial projects when required.

Responsibilities
  • Understand Borr's vision and apply the company values in all business activities.
  • Prepare monthly client invoices in accordance with contract terms.
  • Follow up on client receivables in accordance with contractual terms and within due dates.
  • Support the Cost Controller in all contractual matters arising from any invoices from clients and suppliers, ensuring these are addressed in accordance with accepted practice and procedure.
  • Review all Non-PO incoming invoices for assigned profit centers (appropriate documentation and coding).
  • Assist in preparing accurate monthly accruals to ensure correct timing of income and costs.
  • Ensure all journal vouchers have appropriate supporting documentation.
  • Maintain the integrity of the general ledger by reconciling assigned balance sheet accounts, including auditable supporting documentation.
  • Prepare all intercompany invoices in accordance with contracts (bareboat and service agreements), AFE procedures, and intercompany confirmations between entities.
  • Assist during month-end management reporting, including commentaries on significant variances in accordance with internal requirements and agreed deadlines.
  • Assist in the preparation of budgets and forecasts in accordance with internal requirements and agreed deadlines.
  • Ensure a comprehensive understanding of client contracts relating to assigned rigs.
  • Keep the Cost Controller informed of all issues impacting operational reporting and results.
  • Provide support and information to other departments if requested/required to ensure correct input to the financial records (e.g., Supply Chain Department, HR department, Rig Manager).
  • Assist with ad-hoc projects and other tasks within the finance structure subject to availability.
  • Travel to operations locations as requested/required during the budget process or for other ad-hoc requirements.
  • Communicate internally with the Cost Controller, Finance Manager, Financial Controller, Rig Managers, Heads of Departments, coworkers, and colleagues.
  • Communicate externally with customers and vendors to ensure all transactions are recorded and there are no open issues.
  • Provide assistance to the Rig Manager and other functional departments with respect to their departmental costs.
  • Ensure proper control and verification of all transactions and the recording of the same correctly.
  • If required, supervise the accounts payable function.
  • This is an office-based role that requires attention to detail and data management, working under general supervision, and where problems can be difficult but not complex.
  • Occasional offshore/shipyard visits may be required in this role.
Qualifications and Experience
  • Bachelor's Degree in Accounting/Finance or other relevant discipline at the Company's discretion, CA/ACCA/CPA/CIMA/CMA completed or part-qualified preferred.
  • Previous accounting experience in the International Oil & Gas Industry. Prefer experience in a similar role within the offshore drilling-related environment.
  • Strong communication skills, both verbal and written; fluency in English required.
  • Advanced MS Excel working knowledge and ERP experience preferred.
  • Ability to handle multiple tasks concurrently and to follow up on all tasks to completion.
  • Proficient problem-solving skills: demonstrate ability to evaluate problems from differing viewpoints and recognize potential root cause of problems and suggest possible solutions.
  • Be approachable and maintain open and transparent communication with Team, Internal, and External stakeholders and management team.
  • Develop good working relationships with Divisional and Corporate colleagues and external stakeholders, as required.
  • Represent the Company in a professional manner both on and off the job, including confidentiality of Company and Client business.

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