JOB DESCRIPTION

Cost Accounting & Inventory Management

• Set up standard costs for items in the ERP/system.
• Prepare and analyze cost variances including labor, material, inventory, and purchase price variances.
• Collaborate with the Supply Chain team on cost-related matters and provide financial insights.
• Ensure compliance with SOX (Sarbanes-Oxley) regulations and internal control procedures.
• Participate in physical inventory counts and cycle counts across company locations.
• Assist in the month-end close process for inventory-related entries in the General Ledger.
• Review Work-in-Progress (WIP) inventory, generate aging reports, and coordinate with operations on resolutions.
• Generate and communicate cost and variance reports to management and participate in related meetings.

Project Accounting Responsibilities

• Prepare and post journal entries including Contra Finished Goods, Prepayments, and MIT Cost Adjustments.
• Conduct month-end reconciliations related to project accounts.
• Develop project reconciliation and project closeout files.
• Generate and process customer project invoices accurately and timely.

Additional Cost Accounting Tasks

• Perform cost updates and cost roll procedures.
• Generate various operational reports including:
  • Utilization reports.
  • WIP aging, item receiving, and cycle count reports.
• Prepare and process scrap transactions and invoices.
• Record and monitor monthly scrap accruals.

Key competencies/ skills:

• Technical Skills (Accounting and Finance)
• Time Management/Priority sitting
• Listening and Communicating
• Problem Solving
• Patience
• Integrity and Trust
• Computer Literate (MS Word, Excel, Outlook) and ability to learn new systems
• Keep an accuracy and has the ability to work under pressure

Qualification, knowledge and experience:

• Bachelor's degree in accounting, Finance, or a related field.
• Prior experience in cost accounting and/or project accounting preferred.

ABOUT US

Every day, the oil and gas industry's best minds put more than 150 years of experience to work to help our customers achieve lasting success.

We Power the Industry that Powers the World

Throughout every region in the world and across every area of drilling and production, our family of companies has provided the technical expertise, advanced equipment, and operational support necessary for success-now and in the future.

Global Family

We are a global family of thousands of individuals, working as one team to create a lasting impact for ourselves, our customers, and the communities where we live and work.

Purposeful Innovation

Through purposeful business innovation, product creation, and service delivery, we are driven to power the industry that powers the world better.

Service Above All

This drives us to anticipate our customers' needs and work with them to deliver the finest products and services on time and on budget.