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Financial Accounting Analyst - Houston, United States - Marine Well Containment Company
Description
Marine Well Containment Company (MWCC) was founded after the 2010 Deepwater Horizon well control incident to provide the response capabilities needed if a similar event occurs in the future.
MWCC is a Limited Liability Corporation that is owned by ten (10) of the most active drillers in the Gulf of Mexico.
See for more information.Position Overview & Responsibilities
The Financial Accounting Analyst is responsible for the accurate recording, analysis, and reporting of financial transactions.
They will be a key member of the finance team responsible for maintaining financial records, preparing internal and external financial reports, and supporting various financial processes within the organization.
They will play a vital role in ensuring compliance with accounting standards and regulations.Responsible for recording and classifying financial transactions accurately and in accordance with generally accepted accounting principles
Assist with the preparation of financial reports for internal and external stakeholders
Collaborate with vendors on financial transactions and related matters, and maintain positive relationships
Provide financial support, including forecasting, budgeting, and analyzing budget variances
Ensure compliance with company policies, accounting principles, and relevant regulations
Identify opportunities to streamline and improve accounting processes and procedures
Stay updated on accounting standards and regulations to ensure compliance
Process vendor invoices and manage their payment
Responsibilities for this position include but are not limited to:
Work as a member of the MWCC Emergency Response Organization on an as needed basis in the event of activation or preparation/drills for same, in response to a well control incident, and perform job duties commensurate with your assigned role
Participate in month-end and year-end closing procedures, including Operation's accruals and adjustments, ensuring all financial transactions are properly recorded and reported
Manage the accounting for time confirmation costs which includes collaboration with the Operation's department on the monthly close deadline, and determination of the monthly accrual based on costs billed
Monitor and analyze Operation's expenses, highlighting any variances or discrepancies for further investigation
Collaborate with cross-functional teams to ensure accurate and timely recording of transactions and internal reporting of financial results
Perform monthly account reconciliations and identify and resolve any discrepancies to ensure accuracy
Prepare Operation's monthly business review report which includes collaboration with departments to obtain plan to actual variance explanations and updated forecasts
Provide overall accounting support to the Operation's department which includes preparing internal reports, costs analysis, providing accounting technical guidance
Accounting for prepayments related to Shore Base fixed fees and lifting which includes recording monthly amortization and tracking crane usage and ensuring receipt of proper vendor crane credits
Prepare Operation's actual to plan report for leadership's review of monthly financial results
Process certain vendor invoices which includes performing service receipts and collaborating with the Operation's department on PO addendums and increasing work order budgets
Review the Shore Base vendor invoices and ensure costs are coded to the correct work orders andor purchase orders
Collaborate with the Operation's department on their annual budget which includes setting up meetings to discuss costs with the COO, making and tracking changes to the budget file, and the preparation of a consolidated budget that is presented to the CEO and CFO
Assist in the preparation of audit schedules and provide support during external and member audits
Back up other team members' responsibilities when needed
Response Specific Responsibilities
Below are the responsibilities for this position related to and during the timeframe MWCC is activated to respond to a well control incident in the U.S.
Provide accounting support to Deployment
Process vendor incident cost invoices
Assist in the tracking, reporting, and forecasting of incident costs
Back up other section team members' responsibilities as needed
General Background, Qualifications, & Experience
Bachelor's degree in accounting
Minimum of 5-7 years of previous accounting experience
Experience working in the offshore oil and gas industry
SAP experience
Strong understanding of accounting principles and practices
Proficient in Microsoft Excel with intermediate knowledge of formulas for data analysis
Proficient in Microsoft PowerPoint and Word for preparing reports and presentations
Is a team player and has a collaborative working style
Ability to multi-task and meet deadlines
Demonstrated analytical abilities, problem-solving skills, and attention to detail
Strong customer service skills
Has a strong results orientation and personal accountability
Displays innovation with a curiosity and openness to new ideas
Communicates effectively both verbally and in writing
Maintains effectiveness in a changing environment
Location:
Houston, TX
Travel:
None
Schedule:
Eligible for 5/40 or 9/80 schedule
Physical Demands
Office Based Jobs
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk or hear.
The employee is frequently required to stand, walk, climb stairs, use hands to finger, handle or feel; and reach with hands and arms close to and overhead of their body.
The employee may occasionally lift and/or move items up to twenty-five pounds.
Marine Well Containment Company provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
