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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 financial processes.
- Qualifications: Bachelor's degree in Accounting or Finance; experience in intercompany accounting preferred.
The predicted salary is between 50000 - 65000 £ 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.
- Work 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 as 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 in Scotland employer: Borr Drilling
Contact Detail:
Borr Drilling Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Intercompany Accountant in Scotland
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of intercompany transactions and accounting standards. We recommend practising common interview questions and even role-playing with a friend. Confidence is key, so show them you know your stuff!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in making a lasting impression. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
✨Tip Number 4
Don’t forget to check our website regularly for new job postings. We’re always looking for talented individuals like you to join our team. Apply directly through our site to streamline your application process!
We think you need these skills to ace Intercompany Accountant in Scotland
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 this role and how your background makes you a great fit. Don’t forget to mention your understanding of transfer pricing and group accounting principles.
Showcase Your Skills: In your application, be sure to showcase your strong Excel skills and any experience with ERP systems or business intelligence tools like Power BI. We love seeing candidates who can bring efficiency and innovation to our processes!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
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.
✨Understand the Company Culture
Research Borr Drilling Group’s values and vision. During the interview, demonstrate how your personal values align with theirs and how you can contribute to their goals, especially in terms of transparency and collaboration.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical problems related to intercompany accounting. Practice articulating your thought process clearly, showing how you would approach issues like reconciling balances or managing intercompany loans.