Overview Weatherford is a leading global energy services company. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Across our operating locations, including manufacturing, research and development, service, and training facilities, operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation.
We are focused on technology development, digital solutions, and defining our footprint in the new energy space. Our ability to provide integrated solutions across our segments will be critical to growth in our core operations and the energy transition.
Energy producers face unique challenges every day, so it is our job to create solutions that enhance safety, streamline operations, and sustain uptime to meet or exceed their targets. We operate across the global energy landscape employing some of the best diverse talent in the industry. At Weatherford, we understand the value each individual brings to the table. We celebrate diversity in all its forms and are immensely proud of our workforce. We invite you to join our passionate, talented, world-class team.
When you join Weatherford, you instantly feel connected to something bigger - a community that is grounded by our core values and driven to create innovative solutions for our customers. We celebrate each other's successes, grow together, and learn from each other constantly. Individually, we are impressive. Together, we are unstoppable. We are One Weatherford.
Weatherford offers competitive compensation, a comprehensive benefits program and provides you a challenging and enriching career path, with a healthy balance of structure and flexibility to chart your own course.
Weatherford is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Responsibilities Weatherford currently have a great opportunity for an experienced Finance Manager to join the team in Ankara, Turkey. The Finance Manager is responsible for managing the Turkey Finance and Accounting function, to ensure compliance with Turkey legislation, Company policy and US GAAP accounting rules.
Duties & Responsibilities:
- All accounting transactions are recorded accurately and timely.
- Timely and accurate processing of A/P.
- Management of inter-co invoicing process in accordance with company policy.
- Correct account coding for all expenditures. Ensure invoices and all expenditures are approved for payment in accordance with the Grant of Authority.
- Cash flow management is maximized and in line with company policy.
- Proper controls and processes are in place for approval and payment of employee expense reports.
- Inventory and asset records are properly kept in accordance with company policy.
- Liaise with internal and external financial and tax auditors to ensure audit requests and deliverables are provided timely and the audits are completed efficiently and effectively. Take responsibility for remediating action points arising from the audits.
- Work closely with the Procurement team to ensure all supplier invoices are paid timely so as not to disrupt operations. Good communication and issue resolution ability are essential to ensure this process is done seamlessly.
- Responsible for managing the sales invoicing department, to ensure that sales invoices are accurately prepared and submitted to the customer on time. Work with operations to ensure time to invoice is minimized.
- Ensure compliance with the company Revenue Recognition policy.
- Turkey cash flow and treasury management. Prepare periodic cash flow forecasts and cash transfers in line with treasury policies. Work with the Corporate Treasury Manager as required. The number of bank accounts should be kept to a minimum and an initiative should be undertaken to ensure un-needed bank accounts and the number of banking relationships reduced to meet that objective.
- Manage the payroll function, to ensure all employees are paid accurately and timely and that all taxes and other deductions are correctly calculated, deducted, remitted and accounted for.
- Work with local financial and tax and legal advisers to ensure Turkey statutory requirements are met, for example with regards to tax filings, including VAT, WHT, customs duties, personnel taxes and other statutory requirements.
- Responsible for the monitoring and improvement of internal controls necessary for the custody and efficient management of all assets, trade receivables, inventory and fixed assets in Turkey.
- Responsible to ensure that Weatherford Turkey meets the internal control requirements of the Sarbanes Oxley Act.
- Monthly balance sheet reconciliations and reviews including the resolution of reconciling items.
- Monthly reviews, investigations and reports to management on significant variances to forecast and prior months results for revenues, cost of sales and expenses.
- Prepare Reports (commentary on results) and other deliverables e.g. Balance Sheet Commentary.
- Answering queries from Corporate, product line, local and regional management.
- Information to meet statutory, legal and tax requirements.
- Work closely with the Supply Chain Group to ensure asset and inventory counts are performed in accordance with company policy, and to ensure the continuous reconciliation between financial, operational and physical records. Assist management to identify excess inventory and underutilized assets and provide advice for improvements.
- Management of the Turkey Finance and Accounting Department to ensure team is adequately resourced with suitably experienced and trained personnel. Ensure team member are motivated to achieve results, and personnel issues are effectively managed and resolved.
- Objectives should be set for all team members on an annual basis.
- Regular feedback should be provided on at least a half annual basis on performance of Finance and Accounting personnel against their set objectives.
- Develop a training plan for each employee to help them meet their objectives and stay motivated.
- Ensure adequate resources and training in the use of accounting systems (JDE and Zirve) and reporting systems such as Hyperion, Essbase and FDM. Keep up to date with the monthly financial reporting requirements issued by Region and Corporate Finance Management.
- Work with the Geozone Finance Department, to ensure monthly financial reporting deadlines are met and all financial information is forwarded on an accurate and timely basis. This includes detailed and meaningful commentary on the P&L and Balance Sheet and other ad-hoc reports as required.
- Provide the Turkey and Geozone management team with advice and assistance:
- In the form of financial analysis to all levels of operations management, as needed for interpretation of monthly P&L's, understanding profitability and margins by product line, with comparisons against prior months, budget and forecast.
- Assistance with quotations and sales bids, and project evaluations including the economic justification for capital expenditure (AFE's).
- In the preparation, review and issue of annual budgets.
- Assists management in identifying potential areas for cost reduction and improvement in business performance and profitability.
- Advise on negotiations with local supplier contracts, to ensure coverage of financial issues, such as negotiation of payment terms and pricing.
- Assist in preparation of rolling forecasts, and other reports as required.
- Responsible for managing the Turkey Credit Control team to ensure:
- Credit is only given in line with company policy.
- Accurate and timely billing.
- Accelerate the collection of accounts receivable.
- Mergers and Acquisitions work as required, for example leading financial due diligence and financial integration of newly acquired businesses in Turkey.
- The position will require the ability to travel within Turkey and may require the ability for international travel.
- Any other delegated responsibilities as instructed by Management including ad hoc projects to meet business requirements.
Qualifications - University degree (economics, preferably accounting).
- Knowledge of fiscal legislation (treasury and third parties bookkeeping).
- At least 5 years of experience in finance/accounting.
- Accounting qualification is preferred (ACCA, CAP, CIMA etc).
- Strong knowledge and experience in accounting practice and theory.
- Experience in using JDE/SAP or similar systems.
- High level skills of using Microsoft Excel are mandatory.
- Fluent in English language, written and spoken.
- Ability to use initiative, judgement and work with minimum supervision.
- Experience of working closely with operational and other non-financial personnel.
