Treasury Accountant

Borr Drilling; Aberdeen City; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading company in the drilling industry is seeking a Treasury Accountant to support cash and liquidity management. The role involves administering daily cash management, ensuring compliance with internal controls, and assisting in financial operations and reporting. The ideal candidate will hold a Bachelor's degree in finance or accounting and possess excellent analytical and communication skills.

Qualifications

• Experience in treasury, accounting, or financial operations is essential.
• Familiarity with SOX compliance and external audit processes required.
• Excellent English verbal and written communication skills needed.

Responsibilities

• Administer daily cash and liquidity management activities.
• Oversee and manage bank account operations.
• Ensure compliance with internal controls and SOX requirements.

Skills

Analytical

Communication

Proactive

Education

Bachelor’s degree in Finance, Accounting, or Economics

Tools

MS Excel

IFS

Job description

Role Summary

The Treasury Accountant will be responsible for supporting cash and liquidity management of the group, maintaining treasury operations and ensuring compliance with internal controls.

Responsibilities

• Administer daily cash and liquidity management activities.
• Administer intercompany funding processes to ensure optimal cash flow across entities and regions.
• Oversee and manage bank account operations, including account opening, maintenance, and closures.
• Point of contact for administrative banking tasks.
• Trade Finance: Assist in issuance, maintenance, and preparation of letters of credits, guarantees, bid bonds and performance bonds, and maintain associated records.
• Prepare proposals for foreign exchange requirements and deposits of excess cash in the group.
• Assist in the company’s loan administration, maintain the company’s debt and interest overview, and ensure compliance with financing agreements.
• Coordinate and maintain records for intercompany loans and settlements in close collaboration with the accounting team and the regional finance managers.
• Complete and assist with quarterly treasury operations reporting.
• Ensure compliance with internal controls and SOX (Sarbanes-Oxley) requirements, providing necessary documentation and support.
• Assist in external audits and bank KYC requests by responding to treasury-related inquiries and providing required audit documentation.
• Help maintain and update treasury policies and procedures to reflect best practices and compliance standards.
• Participate in new financing initiatives.
• Ensure that assigned day-to-day operations are carried out in accordance with established policies, objectives, and budget.
• In collaboration with the team, identify, assess, and potentially support implementation of treasury management systems or cash pools as needed.
• Maintain and develop further Treasury policies and procedures manual along with finance team and ensure policies are consistently applied across the group.
• Assist with ad-hoc projects and other tasks within the finance structure subject to availability, such as project and investment analysis.

Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, Economics, or sufficient work experience from similar treasury, accounting or financial operations role.
• Experience from similar treasury, accounting, or financial operations role.
• Preference for experience from stock exchange listed company and offshore related environment, banking or finance is an advantage.
• Proactive attitude and ability to initiate change when required.
• Analytical, independent, and structured mindset.
• Ability to work under pressure to meet deadlines.
• Excellent communication skills.
• Solid IT knowledge and MS Excel working knowledge.
• Familiarity with SOX compliance and external audit processes.
• IFS knowledge an advantage.
• Excellent English verbal and written communications skills.