Rig Cost Controller

1 day ago

Qatar Borr Drilling Full time

Role Summary

**Responsibilities**:

- Monitor and manage compliance with accounting policies and controls within the region, including compliance with internal controls and associated documentation requirements.
- Preparation of Customer Invoices, including all supporting documents and uploading to Customer Portal, and booking in IFS system.
- Following up with customers on AR invoices status, expected payment dates, and updating the weekly AR Report.
- Prepare the month-end accruals and amortization schedules
- Preparing and reviewing Balance Sheet Reconciliation and supporting documents/schedules. Plus following up on the reconciling differences to be cleared on time.
- Preparation of Bank Reconciliations for the Region and ensuring all reconciling differences are booked in IFS on time.
- Assist the Finance Manager during monthly and quarterly accounting closes to ensure all accounting entries are entered accurately and timely.
- Assist the Finance Manager to report and explain cost variances versus budget.
- Assist the Finance Manager in preparing the monthly reporting requirements for the region.
- Review the WHT, VAT returns submitted by AP Team.
- Review the IKTVA submissions.
- Preparing the monthly Bareboat charter invoices and supporting documents.
- Perform analysis to understand cost trends and provide analysis to management to assist with decision-making.
- Assist with forecast and annual budget preparation.
- Oversees the efficient resolution of all intercompany differences throughout the close. And ensure intercompany balances are settled in a timely manner.
- Run Balance Sheet Revaluation for the Legal Entities in the Region.
- Coordinates regional internal and external audits and works with Cost Controllers and Accountants in the region to meet reporting deadlines.
- Assist with regional tax compliance and work closely with the Corporate Tax team to ensure compliance with tax reporting deadlines.
- Provide support and information to other departments when requested/required to ensure accurate financial records (e.g., Supply Chain, HR, IT, Operations, Shipyard Projects).
- Provide cost control and accounting support for shipyard projects and rig reactivations.
- Monitor Authorization for Expenditure (“AFE”) compliance in the region, and ensure accounting classification is in line with group accounting policies.
- Assist with ad-hoc projects and other tasks as required.
- Communicates internally with Cost Controller, Finance Manager, Financial Controller, Rig Managers, Heads of Departments, Co-workers, and Colleagues.
- Communicates externally with customers and vendors to ensure all transactions are recorded and there are no open issues.
- Provides assistance to the Rig Manager and other functional departments with respect to their department cost.
- Ensure proper control and verification of all transaction and the recording of the same correctly.
- If required, supervise accounts payable function
- Office based role which 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,
- Excellent Microsoft Excel knowledge.
- Excellent Microsoft Power BI knowledge.
- CA/ACCA/CPA/CIMA/CMA completed or part-qualified preferred.

Experience
- Previous accounting experience in the International Offshore Drilling Industry. Prefer experience in 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 to include confidentiality of Company and Client business

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