Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 1,000 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Twitter, YouTube and Facebook.
Weatherford delivers innovative technologies and services designed to meet the world's current and future energy needs in a safe, ethical, and sustainable manner. Grounded by our core values and inspired by our world-class people, we are committed to being a trusted business partner to those we serve.
This position will be primarily responsible for the issuance and administration of letters of credit from corporate credit facilities and overseeing the issuance of letters of credit/bank guarantees from bilateral credit facilities. In addition, this position will manage the semi-monthly global cash forecast process and, as needed, develop presentations and participate in inter-departmental projects.
DUTIES & RESPONSIBILITIES:
Coordinate all aspects pertaining to the issuance of letters of credit (L/Cs) with regions, banks, and L/C beneficiaries
Recommends language for L/Cs to mitigate risks and meet credit agreement constraints, contract requirements, and legal considerations
Monitors L/C portfolio and coordinates with regions for purpose of achieving timely cancellation of outstanding L/Cs
Prepare and analyze monthly and quarterly consolidated letters of credit reports and summaries
Reconciles and arranges payment and allocation/intercompany billing of banking invoices for L/C fees and commissions
Compile and analyze cash flow forecasts reported from the regions; project short term liquidity and funding needs around the globe. Perform variance analysis and develop performance reports for cash flow forecasts
Assist with special projects related to cash management or corporate finance, as required
Understand and comply with all safety rules and company policies of Weatherford
5+ years of Treasury experience
Must have experience with issuing letters of credit.
Must have strong knowledge of letters of credit.
Strong analytical and quantitative
Strong experience working with financial spreadsheets, formulas, tables, and pivots.
Good forward thinking skills and ability to troubleshoot
Organizational, time-management and setting & meeting deadlines
Summarizing/reporting of information
Providing service to individuals in other departments
Ability to work well with others
Ability to manage projects, as necessary
Strong Computer skills Microsoft Excel, Microsoft Word
Bachelor's degree in accounting, finance, economics or a related field
MBA, Masters in Finance, Masters in Economics or any other related field
CTP certification or CFA charter-holders/candidates are desired but not required
Development of presentations, particularly PowerPoint
POSITION SPECIFIC DETAILS
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Weatherford offers competitive compensation and benefits upon hire; including paid vacation to start, matching 401K program, comprehensive benefits program and opportunities for on-going training and career development. VEVRAA Federal Contractor Priority Referral Requested
Weatherford is an Equal Opportunity Employer Females/ Minorities/ Veterans/Disabled and gives consideration for employment to qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Weatherford International Inc