Transocean Ltd

Senior Accountant

Transocean Ltd$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or related field.
  • Preferred CPA or CA designation.
  • At least six years of experience in accounting.
  • Experience in a drilling contractor or oil & gas background is preferred.
  • Strong analytical and problem-solving skills.

Responsibilities

  • Manage the P&L of two ultra-deepwater drillships, overseeing $300-$350 million in annual revenue.
  • Engage actively in quarterly forecasting and financial planning processes.
  • Serve as a crucial business partner to Operations, linking performance insights to financial decision-making.
  • Mentor junior analysts and accountants, ensuring effective onboarding and professional development.
  • Prepare and submit monthly customer invoices while maintaining systems support.
  • Coordinate with operations to ensure adherence to contract payment terms.
  • Conduct monthly and quarterly balance sheet account analysis for assigned cost centers and business units.

Benefits

  • Opportunities for professional growth and development.
  • Diverse responsibilities that ensure continuous learning.
  • Engagement with a wide range of financial disciplines.
  • Ability to make a meaningful impact in the organization.
Full Job Description
Finance Group

Job Summary
We are looking for a motivated and ambitious finance professional who thrives on variety, enjoys tackling new challenges, and is eager to broaden their expertise across multiple disciplines within finance and accounting.

This is a uniquely diverse role that goes far beyond traditional accounting or financial analysis. As a trusted finance business partner to our Operations team, you will gain exposure to a wide range of responsibilities, including financial performance management, forecasting, balance sheet stewardship, operational analysis, and people development. The breadth of the position provides a challenging and rewarding environment where there is always something new to learn and opportunities to make a meaningful impact.

Job Description

Key responsibilities include:
  • Managing the P&L of two ultra-deepwater drillships operating in the Gulf of Mexico, including revenue preparation ($300-$350 million annually), cost tracking, and variance analysis
  • Playing an active role in quarterly forecasting and financial planning processes
  • Serving as a key business partner to Operations, helping translate operational performance into financial insights and decision-making
  • Mentoring junior analysts and accountants and supporting the onboarding and development of new team members
  • Preparation and submission of monthly customer invoices with full support and maintenance of same within accounting system
  • Following up with customers and coordinate with operations to ensure contract terms for payment/collections are adhered to
  • Monthly and Quarterly balance sheet account analysis of cost center and entity driven accounts for the responsible cost centers and Business Units
  • Compilation of Monthly Budget Variance (BudVar) analysis report inclusive of applicable variance explanations/notes in accordance with month end timetable and structure
  • Ensure the correct local business rules for entity accounting are adhered to
  • Quarterly forecast and annual budget preparation for rigs and cost centers assigned
  • Adhoc requests and analysis as required by supervisor to support role and business. Also assigned to specific accounting projects. Preparation of contracts summary and review with Rig Manager and Supervisor
  • Involved in fiscal compliance of indirect taxes


Education:
  • Minimum Required: Bachelor's Degree
  • Preferred: CPA or CA


Experience:
  • Minimum Required: Six years in Accounting
  • Preferred: Drilling Contractor or O&G background

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
Net Income
-$567 million
5 Year Trend
-9.3%
Revenue
$3.1 billion
NASDAQ

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