Finance & Legal
Manager of Financial Reporting - Technical Issues | |||
| Company | Transocean | Experience | 6-10 years |
|---|---|---|---|
| Date of posting | 2008-08-07 18:36 | Salary indication | Competitive |
| Category | Finance & Legal | Start date | TBD |
| Region | North America | Duration | Permanent |
| Country | United States (USA) | ||
| Location | Houston, TX | ||
| Description | Transocean is the world's largest and most experienced offshore drilling contractor, with industry-leading positions in the rapidly growing ultra-deepwater and harsh-environment drilling segments. At Transocean you can work with some of the most advanced rigs in operation in the world and operations that set records in technical firsts, efficiency and safety. BASIC FUNCTION: Keep abreast of proposed and issued financial accounting and reporting pronouncements by the various accounting standard setters and develop / update a summary report to Senior Financial Management. Research and report on accounting issues pertinent to the Company. Manage the team in charge of technical accounting areas including share-based compensation, earnings per share calculations, subsidiary financial statement preparation and significant inter company transactions and eliminations. DUTIES: New Accounting and Reporting Requirements: Keep abreast of proposed and issued standards, pronouncements, interpretations, etc. from the FASB, AICPA, and other accounting standard setters, changes in SEC regulations, and company events. Develop and update on a regular basis a report to Senior Financial Management and Corporate and Field Accounting Personnel summarizing the proposed pronouncements, the current status and the effects of new accounting pronouncements on the Company’s accounting and financial reporting. Provide guidance for implementing new accounting procedures as required by new accounting literature. Insure that all reports are correct, presentable, and distributed as required. Research: Handle special projects providing answers on a timely basis to a variety of financial accounting and operational questions of significant importance to the company’s financial, legal and stock exchange position. Draft memos and commentaries for the Director of Accounting, Assistant Controller, Controller and Chief Financial Officer (e.g. summaries of new accounting pronouncements). Assist in formulating plans and procedures to implement changes in reporting requirements. Review competitor financial statements and SEC filings and prepare / distribute summary of competitor accounting policies. Technical Accounting Management: Supervise the work of the team and review technical accounting and reporting matters, including share-based compensation, subsidiary reporting, significant intercompany transactions and eliminations and earnings per share. Financial Reporting Assistance: Provide assistance as requested to the Financial Reporting Group in the preparation and review of the Company’s financial statements, SEC filings and other reporting requirements. Liaison: Liaison with external auditors, field personnel and other internal departments, as necessary, to obtain information required to complete assigned projects. Training: Prepare, schedule and present periodic training classes for Corporate Accounting. Personnel on new accounting standards and other pertinent accounting issues. | ||
| Skills | EDUCATION: Bachelor degree with a major in Accounting or equivalent. CPA or equivalent required. EXPERIENCE: 5 to 7 years professional experience, including a minimum of 5 years accounting experience with at least 4 years of public accounting and supervisory experience. SKILLS: Ability to effectively and thoroughly research accounting issues and document findings. Strong proficiency with spreadsheets, word processing and communications software programs effectively. Strong organizational skills. SPECIAL REQUIREMENTS: Good oral and written communications skills; possess high level of self-integrity, ingenuity and initiative. The ability to work in a fast-paced environment and flexibility to work hours needed to meet filing and senior management deadlines. INGENUITY: Ability to identify emerging issues that could have an effect on the Company’s accounting and financial reporting. Develop efficient and effective method of regularly reporting to Senior Financial Management the status of proposed and issued pronouncements. Exercises creative thinking to continually improve the quality of financial reports. DECISION-MAKING: Makes decisions as to how to account for new pronouncements from FASB, etc. and new company activity. | ||
| Remarks | |||
| Reference Nr | ma551390 | ||
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