Head of Accounting

2 weeks ago

Houston, United States PetroMar International Full time
Job DescriptionJob Description

We are seeking a Head Of Accounting

You will be responsible for the effective management and profitable operation of the company.

Job Summary:
The Head of Accounting is responsible for overseeing all accounting functions within the organization, as well as managing the QuickBooks software system to ensure accurate financial record-keeping and reporting. This role requires strong leadership skills, extensive knowledge of accounting principles and practices, and proficiency in QuickBooks software.

Key Responsibilities:

  • Financial Reporting: Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, ensuring accuracy and compliance with accounting standards.
  • Budgeting and Forecasting: Collaborate with senior management to develop annual budgets and financial forecasts, providing insights and recommendations to support strategic decision-making.
  • Tax Compliance: Ensure compliance with all tax regulations and reporting requirements, including income tax, sales tax, and payroll tax filings. Coordinate with external tax advisors as needed.
  • Accounts Payable and Receivable: Oversee the processing of accounts payable and accounts receivable transactions, including vendor payments, customer invoicing, and collections.
  • General Ledger Management: Maintain the general ledger system, including chart of accounts setup, journal entries, and reconciliations, to accurately record financial transactions.
  • Internal Controls: Establish and maintain internal controls to safeguard company assets and ensure the integrity of financial data. Conduct periodic reviews and audits to identify and mitigate risks.
  • Team Leadership: Supervise and mentor accounting staff, providing guidance and training to ensure high performance and professional development.
  • Administer payroll through payroll company 
  • Handle all renewals for Workman's Comp insurance and review of GL insurance policies
  • QuickBooks Administration: Manage the company's QuickBooks software system, including setup, configuration, and ongoing maintenance. Implement best practices for data entry, reporting, and reconciliation processes.
  • Process Improvement: Identify opportunities to streamline accounting processes, improve efficiency, and enhance financial reporting capabilities. Implement changes as needed to drive continuous improvement.
  • Financial Analysis: Conduct financial analysis and variance analysis to identify trends, opportunities, and areas for improvement. Present findings to senior management and provide recommendations for strategic action.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or related field; CPA or equivalent certification preferred.
  • Minimum of 20 years of progressive accounting experience, with at least 10 years in a supervisory or managerial role.
  • Proficiency in QuickBooks software and advanced knowledge of accounting principles and practices.
  • Strong analytical skills and attention to detail, with the ability to interpret financial data and communicate insights effectively.
  • Excellent leadership and interpersonal skills, with the ability to motivate and develop a team.
  • Solid understanding of tax regulations and compliance requirements.
  • Experience in process improvement and implementing internal controls.

Ability to thrive in a fast-paced environment and manage multiple priorities effectively.

Company DescriptionPetromar International has over 30 years of Oil and Gas operations, working with all the oil majors and oil trading companies.Company DescriptionPetromar International has over 30 years of Oil and Gas operations, working with all the oil majors and oil trading companies.

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