Cost Controller

Borr Drilling; Aberdeen City; On-site; GBP 55,000 - 85,000; Full time

Job summary

Borr Drilling is seeking a Cost Controller in Aberdeen to oversee financial analysis for rigs, profit centres and legal entities. You will issue invoices, interact with customers and vendors, and apply accounting principles to prepare and analyze financial information for the assigned rigs and regions.

Responsibilities include reviewing P&L for rig centers, budgeting participation, vendor invoice reviews, and ensuring compliance with internal controls.

Qualifications

• Minimum 4-year college degree in Accounting or Finance.
• CA/ACCA/CPA/CIMA/CMA qualifications preferred.
• Minimum 5 years of financial experience; offshore drilling experience preferred.
• Excellent English verbal and written communications skills.
• Candidate must pass a drug screen and background check.

Responsibilities

• Understand Borr’s vision and apply the company values in all business activities.
• Review monthly Profit & Loss statement and account analysis for assigned rig profit centres and balance sheet reconciliations for Legal entities.
• Prepare 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 day-to-day operations are carried out in accordance with policies, objectives and budget.
• Participate in budgeting and roll-on forecast processes.
• Review vendor invoices for proper documentation and account coding.
• Review and classify special items, and authorize financial expenditures (AFEs).
• Interact with Contracts, Supply Chain, HR, Technical and multiple management levels.
• Maintain files and documentation per company policy.
• Determine priorities for multiple projects and ensure timely delivery.
• Participate in other duties as directed by superior.

Skills

English proficiency

Financial analysis

Budgeting

Internal controls

Variance analysis

Education

Accounting/Finance degree

Job description

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

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