Responsible for all aspects and supervision of the Revenue Accounting and Production Accounting Departments.
Serves in consultative and collaborative roles with the Joint Interest Accounting and Accounts Payable Accounting Departments to ensure all facets of operational accounting are coordinated and functioning effectively.
Serves as a key advisor to the CAO, CFO, General Counsel and other company personnel on all aspects of Operational Accounting and reporting matters.
Establish and maintain written policies and procedures as well as monitoring for compliance, and recommend and implement improvements required to improve internal control and meet evolving business needs.
Responsible for final review and approval of documents, projects, and processes that are generated within the area of responsibility.
Reviews and monitors interactions with other departments and with outside parties.
Key member of the asset integration team by assisting in the accounting due diligence and integration/dissolution of oil and gas property asset acquisition and divestiture transactions as well as responsible for post-closing accounting settlements.
Recruits, directs, coaches, evaluates, corrects and mentors staff to ensure appropriate organizational development, succession planning, and performance management within the Revenue and Production Accounting Departments.
Serves as the Audit Compliance Officer to facilitate accurate and complete information gathering, and assist in responses to all federal and state royalty and severance tax compliance reviews and audits.
Key accounting team member that interfaces with IT and other departments to update, develop and implement effective operational accounting and reporting systems including the integration of departmental systems (e.g., Marketing/Land/Production/Regions) and sub-systems.
Undergraduate degree in Accounting or related field of study required.
MBA or graduate degree in Accounting is a plus.
CPA certification preferred.
15+ years of progressively responsible experience in all aspects of operational accounting (i.e., revenue, production, joint interests and accounts payable accounting) in the upstream E&P industry.
5+ years related managerial/supervisory experience with demonstrated organizational leadership capabilities while providing advanced technical knowledge of operational accounting practices for a variety of highly complex assignments while successfully working with and advising senior management and various other departments (e.g., Production, Marketing, Land, Legal, AP, Revenue, Corporate Accounting, Region/field personnel) as well as third parties.
In-depth knowledge and demonstrated the ability to successfully work with federal and state agencies to comply with applicable rules and respond to royalty and severance tax compliance reviews and audits.
Essential Job Responsibilities:
Monitors and maintains account receivables for company. Resolves disputes regarding company’s account receivables. Establishes and maintains operated and non-operated authority for expenditures (AFE’s). Assigns codes for designated expense reports for input into the accounting system. Maintains inventory and processes transfer of oil and gas equipment (material transfers) from property to property. Generates joint interest billing (JIB) invoices for the company. Establishes well allocations for all operated properties. Analyzes lease operating variances for the company. Calculates salt water disposal (SWD) and platform fees for the company’s operated properties. Reconciles joint interest billing (JIB) and general ledger accounts. Reviews and reports to management monthly variances and reasons for variance on lease operating cost. Assigns correct general ledger property account codes to non-operated properties.
Five (5) years minimum experience in oil and gas joint interest operations and revenue accounting. Preference will be given to candidates with Hilcorp experience. Ability to accurately solve problems and exceptional proficiency in data management including spreadsheet proficiency. Ability to establish and maintain effective working relationships with employees, supervisors, other departments, officials, and the public. Ability to complete multiple, diverse tasks of differing priorities. Outstanding administrative and organizational skills. Excellent written and verbal communication skills, with specific ability to translate complex operational information into an organized and presentable manner. Proficiency in the use and application of the following software: Required: Microsoft Office (Excel, Word and Outlook).
Preferred: Working knowledge of oil and gas accounting systems and report writing software (Monarch Print Utility) Enertia.
Bachelor’s Degree from an accredited four-year university or college or equivalent work experience. Preferred – Accounting degree.
A Houston-based oil and gas E&P company acquired an interest in onshore operations at the end of 2008. The company is searching for a candidate who will have property accounting responsibilities associated with these operations.
Primary responsibilities will include the following:
Track Cash calls and related prepaid accounts.
Assist Tax department with tax basis tracking and quarterly provision as necessary.
Perform required SOX control procedures and maintain related documentation.
Monitor capital spending and tracking of Promoted Well Cost progress, actual and committed, toward annual contractual Carry Amount Tranche.
Confirm and maintain property ownership with Land Department.
Cooperate with other departments in providing information as required or requested.
Prepare reconciliations and variance analysis for all onshore property activities
Process monthly Joint Interest Billing statements for natural gas properties.
Record monthly capital accruals for natural gas properties.
Process Promoted Well Cost invoices.
Record monthly DD&A for natural gas properties until Asset Management system is loaded