Sr Accounting Manager

1 month ago


Austin, Texas, United States ExtendMyTeam Full time

Sr. Accounting Manager

Role Description:

The Senior Accounting Manager will be responsible for overseeing and managing all aspects of revenue accounting and accounts payable functions within the organization. This role requires a strong understanding of revenue recognition principles, accounting practices, and compliance requirements specific to the oil and gas industry.

Key Responsibilities:

  1. Revenue Accounting:
  2. Oversee the accurate and timely recording of revenue transactions in accordance with industry standards and regulatory requirements.
  3. Ensure compliance with revenue recognition policies and guidelines, including ASC 606.
  4. Collaborate with cross-functional teams, including operations and sales, to ensure proper revenue recognition and reporting.
  5. Perform revenue analysis and reconciliation to identify discrepancies and ensure accuracy.
  6. Accounts Payable Management:
  7. Supervise the accounts payable process, including invoice processing, payment approvals, and vendor management.
  8. Ensure adherence to internal controls and procedures related to accounts payable operations.
  9. Manage vendor relationships and resolve any issues or discrepancies in a timely manner.
  10. Monitor cash flow and forecast payment obligations to optimize working capital management.
  11. Financial Reporting and Analysis:
  12. Prepare monthly, quarterly, and annual financial reports related to revenue and accounts payable activities.
  13. Analyze financial data to identify trends, variances, and opportunities for process improvements.
  14. Support external audits and regulatory compliance requirements related to revenue and accounts payable functions.
  15. Leadership and Team Development:
  16. Lead and mentor a team of accounting professionals, providing guidance and support to foster their professional growth and development.
  17. Foster a collaborative and high-performance culture within the finance team, promoting accountability and excellence.

    Requirements:

  18. Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
  19. Extensive experience in revenue accounting and accounts payable management in the oil and gas industry.
  20. Strong understanding of revenue recognition principles and ASC 606 requirements.
  21. Proficiency in accounting software and ERP systems; experience with industry-specific software is a plus.
  22. Excellent analytical skills and attention to detail.
  23. Strong communication and interpersonal skills, with the ability to collaborate effectively across departments.
  24. Proven leadership abilities and experience in managing and developing teams.
  25. Ability to thrive in a fast-paced environment and manage multiple priorities effectively.

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