| Employer: |
Weatherford
Updated: Jun 22 2012
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| Desired Expertise: |
Accounting or Finance |
| Experience: |
5+ years |
| Minimum Education: |
Bachelors/3-5 yr Degree |
| Location: |
Houston, TX, US |
| Reference Code: |
12603181 |
| Job Status: |
Closed - No longer accepting applications
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Job posting bookmarked!
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Job Description:
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 One of the largest oilfield services companies, Weatherford operates in more than 100 countries and employs more than 50,000 people worldwide. With a product and service portfolio that spans the life cycle of a well- drilling, evaluation, completion, production and intervention- and a robust research and development effort , we are well positioned to meet the ever-evolving needs of the oil and gas industry.
Record, analyze and report intercompany financial data. Establish and maintain proper accounting documentation. Ensure that intercompany transactions are reported accurately and timely on the financial statements. Includes that intercompany balances are reconciled and will eliminate on a consolidated basis.
Duties and Responsibilities
Prepare intercompany invoices from affiliate companies for processing by outsourced AP group, resolving disputed items in a timely manner.
Maintain intercompany accounts payable statements to affiliate companies on a daily basis.
Prepare and process month-end journal entries to include all IC Accounts payable accruals due by the end of Day one each month end close.
Review all Intercompany Balance Sheet reconciliations prepared by outsourcing team.
Prepare and enter any On Top Journal entries required in Hyperion each month.
Daily review of Unbilled files sent by outsourcing team. Identify potential issues with items not billed and assist team when required in resolving these issues.
Check each outstanding PO on a daily basis to determine if invoice can be processed. If not, contact appropriate Branch Plant to resolve the issue timely.
Review IC payment requests from partners to determine if payment can be made and identify any invoices requiring withholding tax. Once payment has been approved, create wire transfer, obtain signatures and submit to Treasury department.
Prepare documentation for submission to AP outsourcing team for clearing all IC AP payments no later than the month following the payment.
Work closely with outsourcing counterpart and assist them with issues as they arise regarding Accounts Receivable & the Unbilled Accounts.
Complete all Unbilled Accruals in JDE by Day 5 of each close period.
Demonstrate a personal commitment to Quality, Health, Safety and the Environment.
Understand Weatherford Quality Management System and complies with all requirements of the Quality Systems Manual, Operating and Technical Procedures, and Workplace Instructions.
Understand and comply with all safety rules and company policies of Weatherford
Essential Skills
Accounting degree or related degree
5 years general accounting experience
Intermediate to Advanced Excel and basic Word experience
Ability to meet deadlines and prioritize in a fast-paced environment
Strong communications and negotiations skills
Ability to Multi-task
Preferred Skills
Intercompany experience
JD Edwards experience
Experience with Currency exchange & revaluations a plus
Calls will not be accepted for this position.
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This Position Is Closed to New Applicants
This position is no longer open for new applications. Either the position has expired or was removed because it was filled.
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One of the largest oilfield services companies, Weatherford operates in more than 100 countries and employs more than 50,000 people worldwide. With a product and service portfolio that spans the life cycle of a well- drilling, evaluation, completion, production and intervention- and a robust research and development effort , we are well positioned to meet the ever-evolving needs of the oil and gas industry.