Financial Analyst III

2 weeks ago

Bartlesville, United States System One Full time

Description:
The Senior Analyst, Production and Regulatory, plays a critical oversight role in managing the production and regulatory functions handled by third-party service providers, ensuring accurate and timely reconciliation of lease crude tickets and regulatory reporting. This position is responsible for ensuring data integrity, compliance with state and federal regulations, and effective coordination between internal teams and external service providers. The role focuses on overseeing outsourced activities and ensuring quality control in crude oil transaction management and reporting.

Key Responsibilities:
• Oversight of Service Provider Activities:
Monitor and coordinate with Opportune to ensure timely, accurate processing of lease crude tickets, and compliance with state and federal regulations for tax and royalty reporting.
• Quality Assurance and Reconciliation:
Ensure the accuracy of lease crude ticket entries by overseeing regular reconciliations against production reports, pipeline statements, and third-party data. Escalate and resolve issues related to ticket discrepancies, missing or incomplete data.
• Regulatory Compliance and Reporting:
Supervise the preparation, submission, and approval of regulatory reports, ensuring adherence to state and federal requirements. Verify data integrity in EIA and transporter reports and monitor compliance with deadlines for submission.
• General Ledger Reconciliations and SAP Oversight:
Ensure the accuracy of monthly and quarterly general ledger reconciliations for SAP accounts via BlackLine. Monitor general ledger accounts and complete clearings.
• Tax Compliance Monitoring:
Regularly review and ensure the timely update of tax rates within the system in coordination with relevant departments. Ensure compliance with the latest tax laws and regulations.
• Performance Monitoring and Escalation:
Oversee managed provider performance metrics, analyze root causes of issues, and drive remediation strategies to improve process quality and efficiency.


Required Qualifications:
• Bachelor's degree in Accounting, Finance, or a related field.
• Extensive experience in regulatory reporting and compliance for crude oil purchasing specific to tax and royalty reporting.
• Proficient in Accounting principles.
• Strong knowledge of SAP and BlackLine.
• Proficient in Microsoft Excel and data management tools.
• Strong problem-solving and communication skills for effective coordination with external providers and internal teams.
• Ability to thrive in self-directed position.

Preferred Skills and Competencies:
• Crude Oil First Purchaser acumen.
• Experience in managing outsourced operations.
• BOLO system understanding.

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