Job details

Aberdeen - Westhill
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Vacancy information

At Subsea 7 we take pride in being recognised globally as a leader across the Energy Industry. For 5 decades our people have delivered over 1000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world. This sustainability is only possible through the development and diversity of our people, assets and technology and we are committed to the future in all these areas.  

The Finance Resource Centre (FRC) is motivated, skilled and high performing.  A Finance Centre of Excellence.  The Finance Resource Centre currently has an opportunity for an Associate Accountant within the Cost Centre Reporting department.  The role is on a contract basis for a duration of 12 months.


Role and Responsibilities

  • Preparation of monthly reporting pack for departmental cost centres (both overhead & OOC) including variance analysis and LTF forecast. This will include monthly, quarterly & annual analysis and will cover gross cost and recoveries.
  • Record actual results in the financial systems and prepare LTF forecasts using Generally Accepted Accounting Principles (GAAP).
  • Support the Team Lead/Operational Lead in compliance with the monthly, quarterly, and annual reporting requirements and ensure Group and Regional reporting objectives are met within deadlines set.
  • Communicate with cost centre managers to plan, monitor and advise on financial performance, explaining financial information to non-financial personnel.
  • Preparation of bottom up annual budget for relevant cost centres.
  • Preparation of reconciliations and analysis with relevant and appropriate back up and critical analysis of the balances.
  • Demonstrate a general understanding of Accounting Standards, principles and Group accounting policies to ensure they are applied and upheld.
  • Identify process improvement (PI) opportunities.
  • Focus on high level of service provided to stakeholders.
  • Other additional duties and projects as required to support ad hoc tasks and projects as required.



  • Educated to degree level in a relevant subject.
  • Can demonstrate good quality accurate analysis and analytical review.
  • Working knowledge of SAP and underlying modules (time allocations, Fixed assets, inventory etc.) that impact the General Ledger.
  • Proficient in MS Excel.


  • Already pursuing and/or a willingness to pursue a recognised Professional Accountancy Qualification
  • Relevant experience working within a similar environment.
  • Proficient in MS Word and PowerPoint
  • Knowledge of Business Objects Financial Consolidation (BFC).
  • Ability to run reports and data extraction for input into excel models.


  • Able to demonstrate ability to work as part of a large team.
  • Positive attitude and initiative, challenging the status quo with new ideas and improvements.
  • Performance focused, first time right attitude, with good self-review skills (deliver quality products and services).
  • Positive focus on customers and strives to improve, learn, and utilise feedback.
  • Anticipates potential problems and works to overcome them.
  • Effective communicator with all stakeholders (e.g. senior management, legal, tax, HR, Technical Accounting team).
  • Good time management skills - ability to independently plan and prioritise workloads to meet tight deadlines.


  • Cost centre/Departmental Managers
  • Regional teams - Finance, HR and Management
  • Auditors (Internal and External)
  • Group HR, Group Reporting, FP&A, Tax and Technical Accounting Teams


Subsea 7 are committed to creating a diverse workforce, offering excellent career opportunities, as well as providing a wide range of benefits and a flexible working environment.