oil

Revenue & Production Accounting Director – Houston, Dlemaire@cfstaffing.com

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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.

Requirements:

  • 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.

 

December 2015 Newsletter for Accounting Professionals from Diane Delgado LeMaire @ CFS

Posted on by Dianedelgadolemaire

December 2015


Industry News and Updates:
Let me just jump right in and address the question that is going through everyone’s mind: What is going on in the Houston job market? I get this one daily and I must admit it is not an easy question to answer. I would like to share some data that I learned about at a recent forum (Bauer College of Business – Institute for Regional Forecasting) I attended and then share my thoughts at the end. The title of the Forum was: Houston’s Job Growth Stumbles As Oil Markets Swoon: Where Now? That doesn’t really set the tone for a positive outlook, does it? Here are some of the highlights:

  1. It’s all about oil! Price is down by 50%. Eventually this trickles down and impacts all sectors; even retail! BUT construction, education, healthcare, and home building are still doing well.
  2. In 2015, we virtually had 0% employment growth in Houston.
  3. This is NOT 1982! But we do have a supply / demand issue and that is what is pushing the price of oil down.
  4. The greatest oil boom is over for now.
  5. The professional and business services sector have not been impacted yet.
  6. One operating rig actually creates 227 jobs (direct and indirect)!!!!!!!
  7. Houston is undergoing a mild recession. Best case scenario we come out in mid-2016, but it looks like 2017 is more likely. Worst case scenario this drags out until 2018.

That is what I learned and here is MY opinion… I think there are many sectors in Houston that will be hiring. Our office is seeing demand in a lot of different industries and at a variety of levels. Is this the summer of 2014? No, and it will not be for a while. The Houston economy goes through business cycles just like everyone else. While most of the US was still in the midst of the Great Recession, Houston was booming. Well, it’s not a BUST for Houston for now, but we will be hurting a little bit in the near future. Companies are going to try and get by with less overhead. They are going to consolidate positions and they are going to have to lay off, unfortunately.  The good news for you is that you are an accountant! There is always a need for accountants!!!!! Also,  Houston is still at a 4.8% unemployment rate (September 4.4, October 4.6). We are still at full employment and there are plenty of people nearing retirement age. The jobs are still out there, however, they are not as easy to find and you may have to be a little bit more flexible with what you are looking for. So, my verdict? I am cautiously optimistic about 2016, but I am really looking forward to 2017!!!!!!

See you again in February 2016!

Local Statistics:

  • National / Houston Unemployment rate: 4.8/4.8
  • Price of Oil:$38ish (last year $75)
  • Oil Rig Count:760 (last year 1925)
  • Industries hiring: Manufacturing, Construction, Consumer Products related companies, Real Estate, Public Accounting Firms!!!!
  • Positions in demand: Tax, Auditors, Financial Analysts, Staff and Senior Accountants

Interesting Articles:

Local Searches:

  • Manager of Statutory Reporting – International
  • Public Accounting: Tax and Audit – All levels!
  • Accounting Supervisor – NW Houston – Lead ready to take on form supervisor title!
  • AR Specialist – 50 to 55K West – non degreed role!
  • Accounting Analyst – Conroe
  • FP&A Manager – SE Houston – MBA A MUST
  • Division Assistant Controller – West – Must have 2 to 4 year of Public Accounting!
  • Accounting Supervisor – NW Houston
  • Inventory and Operations Accounting Director – West
  • Senior Financial Analyst – Salt Lake City, UTAH – right hand person to VP/GM
  • Tax Accountant – West
  • International Tax Accountant – North
  • Financial Analyst – CPA who wants to do finance!
  • Bilingual Auditor!!!!!
  • Senior Auditor for Public Accounting
  • Tax Supervisor – CPA Firm – are you a senior ready for the next step?
  • Financial Analyst – Modeling experience – Senior Role
  • Division Assistant Controller – 3 years of public accounting
  • Senior Accountant – 3 years GL experience – Galleria
  • Division Controller – regional role…work with several locations and report to CFO of Americas…heavy operations focused
  • Sales & Use Tax Analyst
  • Associate Manager / Manager – Professional Services Firm – Consulting on high profile projects – full time role – need at least 2.5 year of public accounting and maybe a splash of industry to qualify! This is for those who want to build a resume that will get them to the next level quickly!
  • ONRR Manager – want to work for one of Houston’s best?
  • Sales & Use Tax Accountant – huge global company!
  • Credit & Collections Manager – Spanish!!!!!
  • Audit Senior – low travel
  • Senior IT Auditor – 2 openings!!!!!
  • Financial Analyst – SALT LAKE CITY – who wants to move to UTAH?

San Antonio Searches:

  • University Controller

 

Diane Delgado LeMaire

Senior Managing Director, Executive Search & Branch Manager

713.490.6003 | dlemaire@cfstaffing.com

www.linkedin.com/in/dianedelgadolemaire/

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E&P Revenue Accountant – dlemaire@cfstaffing.com

Posted on by Dianedelgadolemaire

Responsibilities:

Record revenue, remit royalties and pay taxes for oil/gas sales associated with properties.

Record associated gas balancing entries and reconcile production versus revenue recorded.

Review and process division of interest changes received from Land Administration and if necessary, reverse and rebook revenue associated with such changes.

Monitor and reconcile accounts receivables. Analyze and reconcile general ledger accounts and prepare accounting entries. Invoice various purchasers for gas sales.

Record Pipeline Imbalances and Cashouts.

Reconcile Intercompany accounts related to assigned properties.

Requirements:

Bachelor’s degree in Accounting desired. A business degree in a related field will be considered.

CPA a plus, 2+ years of oil and gas revenue accounting experience required.

Working knowledge of and ability to apply generally accepted accounting principles.

Proficient in MS Excel.

Ability to gather and communicate data logically, accurately, and concisely.

Position requires sound analytical ability.

Must be able to meet rigorous deadlines and work effectively with others.

Must be able to perform most assignments with minimal supervision.

Oil & Gas Operations Accounting Manager – dcd@fittsroberts.com

Posted on by Dianedelgadolemaire

Responsibilities include all aspects of operations accounting: division support, UOP DD&A (capital updates, reserve additions and volume reconciliations), fixed asset depreciation, AFE accounting, financial statement analysis, actual to forecast and actual period to period variance analysis, joint interest billing division of interest maintenance and accounts receivable monitoring and collection, well payout reporting, preparing PBC’s for external auditors, lease impairment calculations, asset retirement obligations, recording various accruals, lease operating expense and capital accounting, accounting for property dispositions, acquisitions and exchanges, joint venture audit coordination, general ledger account reconciliations and special projects.

Requirements:
The candidate must have an Accounting degree with a minimum of twelve years of experience in operations accounting for an oil and gas company with several years of supervisory experience. The candidate should have good communication skills, both written and oral, excellent knowledge of Microsoft Office Applications and a good understanding of COPAS guidelines and accounting for oil and gas properties. The individual must be able to read contracts and agreements and be able to interpret the impact for accounting. The candidate must have good analytical skills, interpersonal skills and must require minimum supervision. Some travel required.