Skills: Business Analyst
Experience: 3 + Years
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Salaried Employee
Location: Houston, Texas, United States
In order to apply for this position, applicants MUST meet the following criteria. If your resume does not match these criteria, you will not be able to apply for this position.
FINANCIAL & OPERATIONAL BUSINESS ANALYST
Provide financial management support for the IRS division including financial review and analysis of the operations, Balance Sheet, Income Statement, CapEx and Budget performance for all locations. The Analyst will also be responsible for accounting related special projects and compliance with Company policies and procedures
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Achieves operational objectives; develops and maintains systems and processes; verifies integrity and accuracy of financial statements; monitors revenue and expenses; implements, maintains and monitors accounting controls; and complies with legal requirements, as well as develops and maintains strong relationships with internal and external business leaders.
- Oversees monthly, quarterly and year-end closings for financial reporting.
- Maintain Work-in-Progress (WIP) accounts and provide to corporate accounting monthly.
- Assists operations in constructing the monthly and quarterly flash projections.
- Implements review processes to ensure the accuracy of information in the areas of budget maintenance, project execution and other areas requiring fiduciary oversight.
- Responsible for the integrity of all financial reporting and analysis for senior management, business unit managers, and others in need of financial information.
- Manages business unit bonus and commission plans to ensure compliance.
- Establishes and maintains an internal control structure and assures that transactions are executed with appropriate management authorization. Trains relevant staff on control procedures as needed.
- Assists with audits (financial, SOX, internal, compliance, tax). Reviews and notes any issues with internal controls.
- Must possess strong reconciliation skills for accounts. Prepares and/or reviews all reconciliations for the business unit as may be required and verify accuracy and completeness of all financial assertions related to the financial information.
- Responsible for tracking and reviewing IC invoices
- Communicates issues, status, and accomplishments to the Vice President or President in a timely manner including information to assist management in proactive decision-making.
- Communicates necessary information with Business Unit field operations management to ensure accuracy of the financial statements.
- Assists in establishing, implementing, and monitoring policies and procedures necessary to support and provide accurate and timely reporting.
- Establishes, modifies, documents and coordinates implementation of accounting and control procedures as necessary to meet established business unit goals and comply with regulatory standards.
- Assists in the yearly budget process.
- Must have expert familiarity with standard concepts, practices, and procedures within the accounting field including a theoretical and practical understanding of US GAAP.
- Maintains open lines of communication and works independently as well as part of a team. Shares knowledge and helps fellow associates where needed, regardless to whom the responsibility belongs.
- Other non-recurring specific tasks as assigned by the Business Unit President or Vice President.
- Must work well under pressure.
- Reconcile consortia financial position from IRS tracking schedules to general ledger to ensure accurate, timely and complete recording and presentation.
- Participate in the creation of monthly revenue and earnings estimates and communicate results to the corporate consolidations group.
- Responsible for tracking and reviewing IC invoices received to ensure they match the appropriate job order item listing and project number, as well as the status of the charges. Where variances exist, contact the appropriate personnel for corrections. Review invoices to ensure they are for agreed upon amounts and items and there are not duplicates by comparing to job order logs and previous invoices.
- Develop a more automated process for completion of this review.
- Review and analyze monthly financial statements and answer questions from COO and the corporate financial analysis group.
- Respond to inquiries from internal and external auditors for financial and SOX audits.
- Perform ROIC analysis on proposed capital expenditures.
- Monitor Accounts Receivable listings and interface with clients to expedite collections.
- Must have a desire to learn the business, initiate and complete special projects as required by division management.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION AND/OR EXPERIENCE
Bachelor's degree in Accounting or Finance. Minimum of three years experience in the oil & gas service business as a business or financial analyst. Training in quality processes, aptitude using Microsoft Office including advanced proficiency in Excel. Familiarity with CapEx management and a minimum of three years' experience with an Enterprise Wide Reporting System such as Oracle or SAP required.
Ability to write business correspondence. Must have the ability to create presentations and reports in order to illustrate financial information effectively.
Ability to present information effectively in one-on-one, small and large group situations. Must speak English fluently. Additional languages are beneficial.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to apply commonsense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations and understand complex financial relationships related to operational performance
Travel may be required for world-wide on-site location visits on an as needed basis.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The employee may be asked to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position resides within a normal office working environment. The noise level in the work environment is usually moderate.
Core Laboratories is a leading provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services.
Located with over 70 offices in more than 50 countries in every major oil-producing province in the world. Core Laboratories remains dedicated to providing the technology our client’s need to enhance their production. We continue to develop and acquire technologies that complement our existing products and services, and we disseminate these technologies throughout our global network.
Our Clients are the world’s largest major, national and independent oil companies. Core Laboratories' reservoir optimization technologies are used to increase total recovery from existing fields. Our services enable our clients to optimize reservoir performance and maximize hydrocarbon recovery from their production fields.
Core Laboratories has taken extensive measures to ensure the services and data provided by all of our worldwide companies are of the highest quality and integrity. Our commitment to applying and developing new technologies to optimize reservoir performance is unsurpassed in the oilfield service industry. This commitment to technology and to our client’s bottom line makes Core Laboratories, The Reservoir Optimization Company™.
Our Culture has been defined by over 70 years of business built on the principles of integrity and ethical conduct in the support of our clients. Our continuing primary goal is “to produce a quality product on time at a competitive price” in a manner consistent with these principles. The integrity of our company and ability to provide quality products and services to our clients are the essence of our business.
These same ethical standards are what we expect from our employees. We could not accomplish the extraordinary results we have in our past and will in our future without talented and dedicated employees – such as we have now.
It is the talented and dedicated employees that have positioned Core Laboratories as the leading provider of reservoir- optimizing technologies. You can feel and see this in our culture. Core Laboratories strives to create an environment for our employees so they can advance in their careers enabling both the company and its employees to build value. Our inclusive culture thrives on team-work and mutual respect for our differences. There are opportunities for everyone to grow.