Transocean Ltd

Analyst II, Subsidiary Reporting

Transocean Ltd • $80K — $95K *
Houston, TX 77084In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting or Finance required; Master's Degree or CPA preferred.
  • Minimum 3 years of professional accounting experience required.
  • Experience in financial reporting and general ledger emphasized; public accounting experience is a plus.
  • Proficient in U.S. GAAP and basic knowledge of International Accounting Standards required.
  • Advanced skills in Microsoft Excel preferred, with ability to work independently.

Responsibilities

  • Prepare quarterly unaudited consolidated financial statements for subsidiary issuers as required for debt compliance.
  • Facilitate audits for annual and semiannual financial statements and coordinate documentation from other functions.
  • Create annual audited statutory financial statements for entities incorporated in Switzerland, ensuring compliance.
  • Submit quarterly, annual, and quinquennial government reports, and respond to agency inquiries as needed.
  • Track auditor engagements and reconcile fees for the audit committee and public disclosure.
  • Perform additional accounting tasks as requested, such as preparing journal entries for transactions.

Benefits

  • Flexible work environment promoting work-life balance.
  • Opportunities for professional development and CPA support.
  • Diverse project exposure across various subsidiaries and jurisdictions.
Full Job Description
Finance Group

Job Summary
Prepare annual and quarterly, audited and unaudited subsidiary consolidated, combined or standalone financial statements, with or without footnotes, as required for statutory or debt compliance or requested for customer requirements or other purposes. Facilitate the annual audited financial statements, collaborating with other functions and providing support to external auditors. Prepare government reports for certain entities, as required. Coordinate the creation and tracking of projects for external auditor fees.

Job Description

Key Roles & Responsibilities:
  • Prepare quarterly unaudited consolidated and combined financial statements for certain subsidiary issuers of secured debt requiring financial statements for debt compliance, including financial covenant ratios. Prepare trial balances, adjusting entries, variance analysis and other analytics, supporting schedules, and workpapers, as required.
  • Prepare annual and semiannual audited and unaudited consolidated financial statements for certain subsidiary issuers and guarantors requiring financial statements for debt compliance, guarantee requirements, marketing requirements and other purposes. Prepare trial balances, adjusting entries, variance analysis and other analytics. Facilitate audits for the audited entities and coordinate the assembly of supporting documentation collected from other functions.
  • Prepare annual audited statutory financial statements for entities incorporated in Switzerland. Prepare trial balance, adjusting entries, variance analysis and other analytics. Facilitate audits and coordinate the assembly of supporting documentation collected from other functions.
  • Prepare quarterly, annual, and quinquennial government reports. Submit required reports to the government agencies, and respond to questions, as required.
  • Create and update project authorizations to track engagements for the independent auditor. Reconcile and report on full year fees for the audit committee and for public disclosure.
  • Perform additional duties, tasks, analysis, as requested, including preparing journal entries for subsidiary transactions, such as subsidiary business combinations, disposals, intercompany transactions.


Education:
  • Minimum Required: Bachelor's Degre with a major in Accounting or Finance.
  • Preferred Level: Master's Degree; CPA or pursuit of a CPA


Experience:
  • Minimum Required: 3 years of professional experience in accounting
  • Preferred Level: 3 years of professional experience in accounting, with an emphasis on financial reporting and general ledger. Experience with multi-level consolidations, preparation of financial statement and footnotes in accordance with U.S. GAAP, preparation of supporting workpaper documentation and public accounting is a plus.


Skills:
  • Minimum Required: Proficiency with U.S. GAAP, with basic knowledge of International Accounting Standards. Experienced with preparing financial statements including footnotes, Microsoft Excel.
  • Preferred Level: Advanced Microsoft Excel; Motivated self-started who can work independently.


Pre-Requisite/ Qualifications:
  • Must successfully complete pre-employment drug screen.
  • Must successfully complete pre-employment background check.


About Transocean Ltd

Transocean Ltd is a Swiss offshore drilling contractor that provides drilling services to the oil and gas industry. The company operates a fleet of ultra-deepwater, harsh-environment, and midwater rigs. Transocean's rigs are capable of drilling in water depths of up to 12,000 feet and drilling to depths of up to 40,000 feet. The company's customers include national and international oil companies, independent exploration and production companies, and government-controlled oil companies. Transocean was formed in 1993 and is headquartered in Geneva, Switzerland.
Learn more about Transocean Ltd
Size
5,530 employees
Market Cap
$3.2 billion
Industry
Energy & Utilities
Net Income
-$567 million
5 Year Trend
-9.3%
Revenue
$3.1 billion
NASDAQ
RIG
* Ladders Estimates

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