Consolidations Accountant at Weatherford International in Houston, TX

Consolidations Accountant

Location: Houston, TX, United States

Job Purpose
The Consolidations Accountant has responsibility for completing accounting transactions in accordance with accounting principles, collecting, compiling financial information, performing billing procedures, and preparing accurate and timely financial reports and accounting statements.

Roles & Responsibilities

OPERATIONS
• Consolidation & Reporting: Key contributor to monthly, quarterly, and annual consolidation process for the company’s global financials, including elimination entries, corporate allocations, and recon-ciliations.
• Financial Statement Preparation: Prepare and review consolidated financial statements in ac-cordance with US GAAP (or IFRS) for internal and external reporting purposes.
• Internal Controls & Compliance: Ensure the accuracy and completeness of all consolidated finan-cial data. Maintain robust internal controls over the consolidation process to ensure compliance with accounting standards and regulatory requirements.
• Audit Support: Collaborate with external auditors to ensure timely completion of audits. Provide detailed documentation and explanations regarding consolidation processes, accounting policies, and financial results.
• Process Improvement: Continuously evaluate and improve the consolidation process and systems to enhance efficiency, accuracy, and timeliness of reporting.
• Management Reporting: Prepare and present analysis and insights related to consolidated finan-cial results, highlighting key trends, variances, and risks to senior management.
• Collaboration & Communication: Work closely with cross-functional teams such as capital assets, intercompany, tax, treasury, and financial planning & analysis to ensure accurate reporting and smooth financial processes across all business units.
• Technical Guidance: Advisor to global field teams for interpretation and application of corporate accounting policies and technical accounting matters.

COMMUNICATION
• Maintains effective communications with all key stakeholders both internal and where appropriate external.
• Facilitate the delivery of strategic advice and support to key business stakeholders.
• Provide timely and appropriate information and support to relevant internal customers.
• Develop strong collaborative relationships with key stakeholders and cross functional teams.


FINANCIAL
• All employees have an accountability to the organization to be financially responsible whether they are in charge of a function budget or simply their own expenses.
• Costs incurred should be within approved budget, processed within agreed time frames & following the relevant financial policy and procedure.
• Participate in business planning, performance, and operational reviews, and other business alignment and strategic activities to ascertain talent and development effectiveness and needs.
• Work with key business stakeholders to improve and refine business models to facilitate the planning and forecasting process.

Experience & Education

REQUIRED
• Bachelor’s degree in Accounting, Finance, or a related field (Master’s or CPA preferred).
• Minimum of 5+ years of professional experience, preferably in a public company and/or with public audit experience

PREFERRED
• CPA Certification
• Experience in corporate accounting or audit
Knowledge, Skills & Abilities

REQUIRED
• In-depth knowledge of US GAAP (or IFRS) and financial reporting requirements for global organiza-tions.
• Strong understanding of intercompany eliminations, currency translation, and the consolidation pro-cess.
• Ability to analyze and interpret financial data and provide clear, concise reports to senior leadership.
• Excellent attention to detail with a high level of accuracy in all work.
• Strong communication skills, with the ability to collaborate across various departments and levels of the organization.
• Proven ability to work under tight deadlines and manage multiple priorities effectively.

PREFFERED
• Familiarity with financial reporting in a publicly traded or multinational environment.
• Strong proficiency with Microsoft Excel and other financial analysis tools.

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