Senior Accountant job at SUBSEA 7

Senior Accountant (FRC) - Maternity Cover

At Subsea 7, we take pride in being recognised globally as a leader across the Energy Industry.  For 5 decades our people have delivered over 1,000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world. 

Our sustainability and ongoing success are only possible through innovation, collaboration and the development and diversity of our people, assets, and technology.  By joining Subsea 7, you become part of a team of people who everyday ‘Make Incredible Things Happen’.

An exciting opportunity has arisen for a Senior Accountant to join the Financial Reporting team within the Finance Resource Centre (FRC).  The position offers a diverse and challenging role, within a professional and process improvement driven team, with excellent opportunities to develop supervisory and coaching experience.

The successful candidate will be a Qualified Accountant, a self-starter with a logical approach to problem solving.  Experience should include an excellent knowledge of IFRS, FRS 101, financial controls environment, and audit processes.

Reporting to the FRC Financial Reporting Team Lead, the team includes three Senior Accountant roles  each primarily focussed on leading one of the areas detailed below.  In addition, the role will include elements of supporting the other two roles.  The role advertised will initially be leading the Restructuring & Entity Reduction area.

Role and Responsibilities

Statutory Accounting & Audit:

• Delivery of high quality statutory financial statements within set deadlines
• Focus on high quality outputs with a first time right attitude
• Planning the statutory accounting process for all FRC entities
• Updating and monitoring the global Statutory Audit Tracker to ensure external reporting filing deadlines are met and audits complete
• Reviewing statutory accounts and back up files, constructively feeding back review points to ensure high quality statutory financial statements and audit back up are delivered on time
• Preparing or reviewing technical accounting memos to support accounting decisions where required
• Liaising with external auditors to ensure deadlines are met and issues are brought to the attention of the appropriate level of management when necessary

Controls & Compliance:

• Collation of the global financial controls results on a quarterly basis, preparation of the global quarterly COSA (Control Owner Self-Assessment) results and slides to Senior Management, feeding back the COSA results to the Subsea 7 Finance community
• Testing the applicable FRC financial controls and reporting any findings and recommending solutions to the FRC Financial Controller
• Attending quarterly meetings with regional Finance Directors to discuss issues noted, sharing ideas and best practice with the other finance teams within Subsea 7
• Reviewing balance sheet reconciliations and analytical reviews prepared by the team, providing constructive feedback on improvements to back up or approach and proactively following up on outstanding review points and actions required

Restructuring & Entity Reduction

• Finance lead for restructuring projects, collaborating with other Subsea 7 departments throughout the process; including capital reductions, capital injections, dividends, distributions, etc
• Finance lead for the closure of entities, collaborating with other Subsea 7 departments throughout the process; including liquidations, dissolutions, mergers
• Coordinating a regular assessment of distributable reserves for all holding companies that fall under the responsibility of the FRC
• Preparing the investments valuations within the Subsea 7 Group each year, collaborating, assessing, analysing and understanding movements fully in valuations and any associated impairments.

General Responsibilities:

• Helping to establish best practice, standardisation and ways of working for all FRC entities
• Coaching and mentoring FRC Financial Reporting team members, providing regular feedback
• Identify areas of process improvements and propose potential solutions
• Work closely with the Subsea 7 Finance community to resolve any financial reporting queries in a timely and effective manner.
• Provide training, where required, on technical accounting issues to the Subsea 7 Finance community
• Other ad hoc tasks and projects as required

PROFESSIONAL QUALIFICATIONS / EXPERIENCE

Essential

• The candidate should be qualified; CA, ACA or ACCA qualifications preferred
• Audit and accounts preparation experience 
• Relevant experience working within a similar environment 
• Proven track record of good quality accurate analysis and analytical review 
• Demonstrate a detailed understanding of International Financial Reporting Standards 
• Competent in the use of Microsoft packages (Excel, Word and PowerPoint)
• Experience of working with and knowledge of SAP

Desirable

• Understanding of chart of accounts and legal entity reporting structures 
• Experience of coaching or training others advantageous 
• Experience of working with BFC (Business Objects Financial Consolidation) 

PERSON SPECIFICATION

• A focus on high quality outputs, first time right attitude, with good self-review skills.
• Anticipates potential problems and works to overcome them
• Positive attitude and initiative, challenging the status quo with new ideas and improvements
• The candidate must have the ability to manage their own workload, prioritise work effectively and meet deadlines
• Able to demonstrate excellent ability to work as part of a large team
• Maintaining awareness of the workload of the Financial Reporting team, capacity restraints and availability
• Good verbal and written communications skills are essential
• Positive focus on customer service and strives to improve, learn and utilise feedback
• Pro-active and constructive communication with all stakeholders (e.g. Senior Management, Legal, Tax, HR, Technical Accounting team)