Borr Drilling

Lead Cost Controller

Borr Drilling  •  Kingdom of Saudi Arabia (Onsite)  •  1 month ago
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Job Description

The Lead Cost Controller will be responsible for various financial tasks and analysis in relation to Rigs / Profit centres and Legal entities. The Lead Cost Controller will also be responsible for all the local audit, tax and budget requirements as well as applying the principles of accounting to prepare and analyse financial information for the assigned drilling rigs and Region or Corporate. The Lead Cost Controller will also 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.
  • Assist the Regional Finance Manager in managing the overall finance function of the region.
  • Act as 2nd point of Contact for Regional Finance.
  • Act as “Internal Controls” main focal point for the Region.*
  • Assist with the Budget and Forecast consolidation for the Region.
  • Assist with Reporting / Consolidation requirements for the Region.
  • Supervise the month-end close process of assigned rig profit centres and legal entities and review of monthly profit & loss statement and account analysis for assigned rig profit centres.
  • Approve invoices, journals and other transactions prepared by Accountants and Cost Controllers.
  • Ensure that assigned day-to-day operations are carried out in accordance with established policies, objectives, and budget.
  • Prepare the budgeting/roll-forward forecast for the region/business unit.
  • Liaise with the external auditor and tax consultants for the respective country’s statutory requirements.
  • Prepare timely financial statements for the assigned legal entities for the Region/Business Unit.
  • Complete statutory audit for the required legal entities in the Region/Business Unit.
  • Ensure all the assigned statutory tax filings (e.g. PIT, WHT, VAT, CIT and etc.) are completed within the filing deadline.
  • Liaise with customers and ensure accounts receivables are current.
  • Review the balance sheet accounts prepared by Accountants and Cost Controllers for the assigned legal entities for the Region.
  • Review the classification of special items and 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.
  • Participate in any other assigned duties, responsibilities and special projects as directed by immediate superior or determined on own initiative.
  • *Region Specific

Qualifications and Experience

  • College degree/Diploma (Accounting and/or finance degree required), CA/ ACCA/CPA/CIMA/CMA qualifications preferred.
  • Extensive financial experience. Prefer experience with offshore drilling related environment.
  • Excellent English verbal and written communications skills.
Borr Drilling

About Borr Drilling

Borr Drilling Limited is an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership and operation of premium jack-up drilling rigs for operations in water depths up to approximately 400 feet.

In addition to rig ownership, we take pride in going above and beyond by providing safe, efficient and sustainable drilling operations meeting our client needs for exploration, production, workover, plug and abandon and CCS drilling services. Our modern fleet of highly capable drilling rigs together with excellent operational track record ensure that our customers have access to the resources required for safe and efficient offshore operations.

Through our comprehensive structure and well-defined value chain, we have positioned ourselves as a leading player in the offshore drilling sector. By combining rig ownership, operational excellence, equipment provision, a skilled workforce and extensive support services, we continue to deliver high-quality offshore drilling services worldwide.

Industry
Oil, Gas & Mining
Company Size
1,001-5,000 employees
Headquarters
London, GB
Year Founded
2016
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