Cost Controller

Borr Drilling; Aberdeen City; On-site; GBP 40,000 - 60,000; Full time

Job summary

Borr Drilling is seeking a Cost Controller to handle financial tasks related to drilling rigs. This mid-senior level role involves preparing financial statements, performing account analysis, and ensuring compliance with financial policies. The ideal candidate will have a degree in Accounting or Finance and substantial experience in a related field.

Qualifications

• Minimum 4-year college degree in Accounting/Finance.
• CA/ ACCA/CPA/CIMA/CMA qualifications preferred.
• 5 years of financial experience, preferably in offshore drilling.

Responsibilities

• Issue customer invoices, ensure financial compliance.
• Prepare and analyze financial information for assigned rigs.
• Review monthly Profit & Loss statements and variances.

Skills

Financial analysis

Communication skills

Budgeting

Accounting principles

Education

Degree in Accounting/Finance

CA/ACCA/CPA/CIMA/CMA preferred

Job description

5 days ago Be among the first 25 applicants

Get AI-powered advice on this job and more exclusive features.

Role Summary

The Cost Controller will be responsible for various financial tasks and analysis in relation to Rigs / Profit centers and Legal entities. Issue customer invoices and interact with Customers and vendors. Apply the principles of accounting to prepare and analyse financial information for the assigned drilling rigs and Region or Corporate. Ensure compliance with the company’s policies and procedures and related internal controls.

Responsibilities

• Understand Borr’s vision and apply the company values in all business activities.
• Review of monthly Profit & Loss statement and account analysis for assigned rig profit centres and balance sheet reconciliations for Legal entities.
• Preparation of monthly Profit & Loss statement and account analysis for assigned rig profit centres.
• Review monthly financial results with assigned rig teams and provide variance memos/schedules.
• Ensure that assigned day-to-day operations are carried out in accordance with established policies, objectives and budget.
• Heavy participation in the budgeting/roll-on forecast processes.
• Review assigned area related vendor invoices for appropriate documentation and account coding.
• Review and classification of special items, authorisation for financial expenditures (AFEs).
• Interact and liaise with a variety of departments (Contracts, supply chain, HR, Technical) within the organization as well as multiple levels of management.
• Maintain files and documentation thoroughly and accurately, in accordance with company policy.
• Determine priorities in the preparation of multiple projects on a timely basis.
• Participate in any other assigned duties, responsibilities and special projects as directed by immediate superior or determined on own initiative.
  
  

Qualifications And Experience

Quality, Health, Safety & Environment

• Abide by and promote Borr Drilling Life Saving Rules.
• Adhere to all policies, procedures, regulations, and standards established by the organization and relevant authorities.
• You have the responsibility and obligation to “stop” any task, condition or behaviour that appears to be unsafe.
• Participate in QHSE training and awareness programs provided by the organization.
• Actively identify and report hazards, unsafe conditions, or behaviours in compliance with the Behavioural Based Safety Program.
• Familiarize yourself with emergency procedures and protocols to respond effectively in case of emergencies such as fires, spills, or medical emergencies.
• Promptly report any accidents, incidents, occupational illnesses and near misses to your Line Manager.
• Use provided plant, machinery and work equipment (including PPE) correctly and in accordance with established procedures, training or instruction provided by the organization. Report any defects or issues with the equipment to your Line Manager.
• Minimize your environmental impact by following correct waste disposal procedures, conserving resources, and supporting environmental sustainability initiatives.
  
  

Qualifications

• Minimum 4-year college degree/Diploma (Accounting and/or finance degree required), CA/ ACCA/CPA/CIMA/CMA qualifications preferred.
  
  

Experience

• Minimum 5 years of financial experience. Prefer experience with offshore drilling related environment.
• Excellent English verbal and written communications skills
• Candidate must pass a drug screen and background check

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Oil and Gas

Referrals increase your chances of interviewing at Borr Drilling by 2x

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.