Cost Controller in Dubayy [Dubai], United Arab Emirates

at Seadrill

Oil & Gas / Mining
Minimum Qualification
Professional Qualification
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female
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Job Description

The cost controller will be responsible for several areas, including but not limited to: 

New LE / New Rig 
· Preparing forms to request new LE’s/bank account set up (as required 
· New customer form 

Request for set-up in oracle 
· Reporting / Coordinating actions required before the LE/or rig in actual operation 
· Organize meetings with buyers/CC to plan what needs to happen for new operations 
· Coordinate approval with line manager for set-up required and coordination with other department for new set-up/LE 

· Eyeshare approval (daily) 
· Action/coordination of all invoices with issues (daily) 

· Review and submit of AR /receipt over 1 million prepared by rig accountant – country 

· Review f accrual, documentation and accuracy 
· All necessary journal entries aside from the standard accrual journals 
· Review of revenue accrual prepared by Rig accountant – country (monthly) 

IC Transactions 
· Review and approve of AGIS transactions prepared by rig accountant 
· High focus review on 15200/15700 transactions to move it to AGIS the following month. No transactions more than 30 days old. Cost controller to ensure to have the same balance with the counterparty. 

Supervisory role 
· Training and technical support for rig accountants 
· Plan and manage the work rig accountant 1 and 2 
· Professional, technical and career growth/support of the rig accountant 
· To evaluate annual performance of the rig accountant 

· Preparation/Review of BSR and resolving BSR issues 

Month-end preparation/reporting 
· Review of PO listing is coding correct, is this in line with budget/AFE (weekly) 
· KPI economic and technical utilization (1 day of the month) 
· KPI reporting P&L and analysis (monthly) 
· Sending commitment reports to buyers (monthly) 
· Finance calls with rig managers and P&L walk through (weekly) 
· Providing required information for tax reporting (eg WHT, VAT) 
· Preparation and submission of management reporting package (monthly) 

Ad hoc reporting/tasks 
· Upward update about weekly finance calls with rig manager in finance meeting (weekly) 
· Attend meeting for quarterly LE KPI conference call (BSR) 

Budget exercise responsibility from A to Z 

Audit Support 
· SOX internal/external audit 
· Financial audit in the country 


  • Degree in Business/ Accountancy/ Finance related discipline CPA, ACCA, CMA equivalent certification is an advantage.
  • Minimum 4 years responsible accounting or bookkeeping experience, with strong software knowledge, experienced in financial statement preparation and detail oriented
  • Adapt knowledge and application of GAAP
  • Must have excellent English communication skills,
  • Ability to work independently, can multi-task, proactive, accountable, loyal, inspirational and safety-conscious
  • Possess a strong personality, supervisory skills and analytical skills
  • Flexible to work more than the regular hours on seasonal business needs and may be at the office on weekends
  • Excellent command in excel spreadsheet, preferably advance level
  • Travel requirement is expected
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