Transocean is focused on being the employer of choice for the drilling industry.
We are challenging ourselves every day to push the performance of the company through technological advances and passion for our work.
Job Summary
Responsible for accounting and reporting related to company's fixed rate and floating rate debt instruments, revolving credit facilities, derivatives related to foreign exchange including issuance of new debt instrument, redemption, refinancing, open market repurchases and tendering of existing debt. Assist financial reporting in reporting of disclosures pertaining to debt structure, preparation of work papers, including spreadsheets and system queries. Prepare schedules for internal and external reporting purposes, as assigned.Job Description
Key Roles & Responsibilities
- Prepare and record debt accounting entries for global debt and derivative financial instruments, including interest accruals, discount amortization, debt issuance costs, fair value adjustments, new debt issuances, redemptions, open market repurchases and debt tendering in accordance with accounting standards. Reconcile balances and activity to ensure accuracy and completeness.
- Prepare monthly and ad hoc schedules for debt and derivative financial instruments, including monthly roll forward schedules, interest variance analyses, debt retirement analysis, among others, to report on monthly, quarterly and year to date activity, with attention to detail and organization, consideration of internal controls, and with proper referencing and supporting reports, including supporting internal and external audit requests.
- Prepare account analysis and account reconciliations, and perform other internal control activities to validate balance sheet accounts for debt, interest, and derivative financial instruments. Prepare account analysis for other accounts as requested.
- Prepare and record accounting entries for certain intercompany debt.
- Provide assistance to the external reporting team, as requested or assigned, to prepare assigned sections of quarterly and annual financial reports and analytical package and supporting workpapers with attention to detail, organization, and standardized referencing.
- Provide assistance on special projects, as requested or assigned.
If you want to push yourself to great achievement, let Transocean develop your career.
Skills Required
- Prepare and record debt and derivative accounting entries (interest accruals, amortization, issuance costs, fair value adjustments, redemptions)
- Reconcile balances and activity for debt and derivative instruments and maintain supporting documentation
- Prepare monthly and ad hoc schedules and roll forward analyses for debt and derivatives
- Prepare account analyses, account reconciliations, and perform internal control activities
- Support external reporting, preparation of workpapers, and respond to internal and external audit requests
- Accounting for intercompany debt as assigned
- Attention to detail, organization, and proper referencing of supporting reports
What We Do
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units including 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships
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