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- Tasks: Manage intercompany transactions and balances, ensuring accuracy and compliance with accounting standards.
- Company: Join Borr Drilling Group, a leader in the drilling industry with a global presence.
- Benefits: Competitive salary, professional development opportunities, and a collaborative work environment.
- Other info: Opportunity to work with advanced tools like Power BI and enhance your career in finance.
- Why this job: Be part of a dynamic team that drives efficiency and innovation in intercompany accounting.
- Qualifications: Bachelor’s degree in Accounting or Finance; experience in intercompany accounting preferred.
The predicted salary is between 50000 - 60000 £ per year.
The Intercompany Accountant is responsible for the accurate recording, reconciliation and oversight of all intercompany transactions and balances across Borr Drilling Group’s legal entities. The role ensures that intercompany transactions are properly documented, reconciled and settled in accordance with Company policies, transfer pricing principles and applicable accounting standards. Working closely with the Senior Financial Controller, Regional Finance teams, Treasury and Tax, the role plays a key part in supporting the global month-end close process, maintaining transparency over intragroup balances, and developing efficient processes and controls for intercompany accounting and settlement.
Responsibilities
- Maintain an overview of all intercompany transactions and balances across the Borr Drilling group of companies, ensuring intercompany transactions are recorded in accordance with Company accounting policies and applicable accounting standards.
- Prepare and reconcile intercompany balances across all legal entities as part of the monthly close process and investigate and resolve discrepancies with regional finance teams.
- Support the preparation and review of balance sheet reconciliations relating to intercompany balances.
- Manage the lifecycle of intercompany loans, including documentation, tracking principal and interest calculations, settlements, and maintaining accurate loan registers.
- Coordinate with Treasury and Tax teams to ensure intercompany loans and transactions comply with transfer pricing requirements and internal funding strategies.
- Coordinate with regional finance teams to ensure intercompany charges and billings are issued accurately and in a timely manner.
- Ensure intercompany transactions are supported by appropriate agreements and documentation.
- Support the implementation and execution of the intercompany netting process across Borr Drilling’s group of companies, under the oversight of the Senior Financial Controller.
- Assist in the development and implementation of best-practice policies, procedures and internal controls relating to intercompany accounting.
- Working with Tax and FP&A to incorporate intercompany budgets and forecasting by legal entity.
- Identify opportunities to improve efficiency through automation and system enhancements, including the use of ERP functionality and supporting tools such Power BI and Blackline.
- Support initiatives to standardise intercompany processes across all Borr Drilling companies.
- Provide support during internal and external audits relating to intercompany transactions and balances.
- Maintain accurate files and documentation in accordance with Company policy and internal control requirements.
- Support the Senior Financial Controller and Corporate Accounting team with ad-hoc analysis and projects relating to intercompany activities.
- Understand Borr’s vision and apply the Company values in all business activities.
Qualifications and Experience
- Bachelor’s degree in Accounting, Finance or related discipline.
- Professional accounting qualification (ACCA, CIMA, CPA or equivalent) preferred.
- Experience in intercompany accounting, treasury, or financial accounting within a global organisation.
- Understanding of intercompany transactions, transfer pricing considerations and group accounting principles.
- Strong understanding of accounting concepts, systems, and best practices related to the intercompany/treasury process.
- Strong Microsoft Excel working knowledge and ERP experience preferred.
- Experience working with Power BI or other business intelligence tools preferred.
- Ability to work independently and collaboratively in a cross-functional environment.
- Exceptional verbal and written English communications skills.
Intercompany Accountant employer: Borr Drilling
Contact Detail:
Borr Drilling Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Intercompany Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Let them know you're on the lookout for intercompany accountant roles. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Get your LinkedIn game on point! Make sure your profile highlights your experience with intercompany transactions and accounting principles. Join relevant groups and engage in discussions to show off your expertise and connect with potential employers.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of transfer pricing and intercompany accounting standards. Be ready to discuss how you've handled discrepancies and reconciliations in the past. Show them you’re the perfect fit for their team!
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for talented individuals like you. Plus, it’s a great way to ensure your application gets seen by the right people.
We think you need these skills to ace Intercompany Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Intercompany Accountant role. Highlight your experience with intercompany transactions, accounting standards, and any relevant software you've used. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about intercompany accounting and how you can contribute to our team. Be sure to mention any specific experiences that relate to the job description.
Showcase Your Skills: Don’t forget to showcase your technical skills, especially in Microsoft Excel and ERP systems. If you’ve worked with Power BI or similar tools, let us know! We love seeing candidates who are tech-savvy and ready to improve processes.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at Borr Drilling
✨Know Your Numbers
Brush up on your accounting knowledge, especially around intercompany transactions and transfer pricing. Be ready to discuss how you’ve handled discrepancies in the past and how you ensure compliance with accounting standards.
✨Showcase Your Tech Skills
Familiarise yourself with ERP systems and tools like Power BI. Be prepared to share examples of how you've used technology to improve efficiency in your previous roles, as this is crucial for the position.
✨Collaboration is Key
Since the role involves working closely with various teams, think of examples where you successfully collaborated with finance, treasury, or tax teams. Highlight your ability to communicate effectively across departments.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as reconciling intercompany balances or managing loan documentation. Practise articulating your thought process and the steps you would take to resolve issues.