Opportunities

Job Title: Revenue Accountant  

About Us: Our client is a domestic, onshore exploration and production company with over 1,000 wells in operation in Texas. We are dedicated to delivering value through responsible energy production.

Job Description: Under the direction of the Revenue Manager, the Revenue Accountant's primary responsibility will be to process revenues and apply severance taxes related to operated and non-operated revenues and prepare related revenue accruals and cash entries. This includes, but is not limited to:

• Applying revenue deductions based on contracts for gathering, compression, transportation, and other post-production costs.
• Reviewing division of interest changes.
• Processing owner suspense reallocations received from Land Department.
• Reconciling relevant general ledger accounts.

Primary Responsibilities:

• Monthly Revenue Processes and Reporting:

  • Assist with monthly revenue close and distribution process related to operated revenues.
  • Accurately record volumes, dollars, deductions, and severance taxes of revenue receipts for Texas assets in Bolo accounting system.
  • Monthly reconciliation of oil and gas general ledger accounts.
  • Process owner suspense reallocations received from Land Department.
  • Prepare monthly revenue accrual, compare to actual, analyze/explain significant differences.
  • Reconcile product prices, revenue deductions/rates, and production tax rates to marketing contracts.
  • Prepare monthly pricing analysis.
  • Perform monthly volume & value trend analysis and provide explanation for exceptions.
  • Prepare miscellaneous monthly revenue journal vouchers.

• Tax and regulatory reporting and filings for Texas (Back-up):

  • Prepare and file monthly tax reports.
  • Ensure timely payment of all taxes and royalties.
  • Ensure timely governmental filings and reporting.
  • Verify that all tax incentives have been applied for and are being used.

• Audits:

  • Assist with severance tax audits.
  • Assist with other revenue audits as necessary and provide information as requested.

• Process Non-Op revenue and accruals.

• Prepare monthly gas nominations.

• Provide accurate reports and analyses.

• Reconcile gas imbalances and cash outs.

• Assist with joint venture projects.

• Perform special projects as required.

• Interface with other departments in preparation of various reports and analysis.

• Understand overall areas of responsibility and recommend changes to procedures and processes as appropriate.

Education and Experience:

• Bachelor's degree in accounting or finance required.
• Minimum of five years of oil and gas accounting experience required.
• Revenue oil and gas experience strongly preferred.

Skills and Knowledge:

• Commitment to the clients expectations and core values.
• Computer skills:
  • Moderate Microsoft Excel spreadsheet skills (lookups, sumifs, pivot tables).
  • Experience with Microsoft Word.
  • Bolo accounting software highly desirable.
• Excellent fundamental accounting skills; hands-on experience with general ledger reconciliations.
• Ability to prioritize workload and meet deadlines.
• Ability to interact and communicate effectively with others in a team environment.
• Possess strong analytical skills.
• Clear and concise verbal and writing ability.
• Attention to detail.
• Ability to perform research and formulate recommendations, as applicable.
• Strong problem-solving skills.

Compensation and Benefits:

• Estimated pay range: $90,000 – $105,000 (depending upon experience of the successful candidate).
• Eligible for short- and long-term incentives.
• Medical, dental, and vision insurance.
• Short and long-term disability coverage.
• Basic life and AD&D insurance.
• 401(k) with company match.
• Paid vacation and sick time.
• Hybrid work-from-home schedule available.
• 9/80 work schedule.