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Accountant

2 months ago


Dallas, United States W3Global Full time

Overview: Manage and run a 1-person internal accounting department for a 1-rig operator with 2-3 ongoing projects that have different ownership entities, WI and MI parties, including the GLO.

Manage all accounting books and coordinate with accounting vendors & stakeholders a. Wolfepak software b. Third party outsourced accounting vendor c. Financial Sponsors & Banks Reporting: maintain weekly & monthly financial reports a. Cash balances b. Account balances c. Manage bank accounts and books to ensure invoices are fully funded before payment to maintain positive cash account balances d. Operational and Expense planning through Accruals e. Run reports and pivot tables for AFE vs. Field Estimate vs. Actual Manage capital calls and JIB process a. Ensure invoices are funded before they are paid b. Follow operational schedule to call CAPEX for capital projects before receiving invoices c. Own the JIB process for billing WI owners for Expenses after receiving LOE invoices Responsible for revenue distributions to WI and MI owners a. Calculate, verify, and pay royalty partners per GLO guidelines to avoid late fees and penalties. b. Multiple revenue distribution dates Operational Accounting a. Support in closing out rejected invoices b. Monitor AP invoice email inbox and communicate with vendors regarding payment status, late invoices, unstamped invoices, communicate with field staff, etc. c. Own the COA chart of accounts and coding structure for CAPEX/OPEX Production Reporting a. TRRC and GLO (this all ties back to revenue) b. GLO Reporting - No discrepancies between GLO & TRRC Support in Monthly Crude, Water, Gas reconciliation a. Coordinate with midstream partners and third party midstream consultant to reconcile monthly gas and oil settlement statements to match our records Tax: Work with third party tax advisor to prepare corporate income tax returns Be knowledgeable and ensure compliance with JOAs & COPAS rules in our deal docs Require a BS in accounting or BS in related field with relevant equivalent work experience. (Relevant being the operative word.) CPA or CPA candidate preferred but not required.

Schedule: Mon-Fri 8am-4pm, in-office in Lakewood Dallas, TX, with half day Fridays

Company pays premium for employee and family for medical/dental insurance, 5% company match 401k per safe harbor rules #J-18808-Ljbffr