Manager - Revenue Accounting

2 weeks ago

Houston, United States Citation Oil & Gas Full time

Overview

The successful candidate will be joining one of the largest privately-held independent oil & gas acquisition, development, and production companies in the U.S. Citations assets consist of more than 430 fields located in 13 states that have more than 257 million net equivalent barrels of remaining proved reserves (82% oil, 71% developed). Citation employs approximately 500 people and is headquartered in Houston, Texas. Voted as one of the premier oil and gas producing companies in the U.S., Citations employees are committed to operational excellence and integrity, and experience the uniqueness of a close-knit organization with a high regard for teamwork, work-life balance and a sense of belonging. The Manager Revenue Accounting (Manager) position is ideally suited for the upstream E&P operations accounting professional that shares these values.

The Manager position is the result of an internal promotion and will hold a key leadership role within Citations Operations Accounting Team. The successful candidate will lead the Revenue Accounting team responsible for the revenue bookings, revenue DOI maintenance, owner relations, 1099 filings, and state unclaimed property filings (Escheat). The Manager is expected to foster a collaborative environment and develop the Revenue Accounting team members skills. In addition, he/she will seek ways to improve existing processes, controls, and procedures as well as develop and implement new processes, controls, and procedures as a result of evolving business needs.

Responsibilities

  • Lead a team of 7 Revenue staff who are responsible for the revenue bookings of operated and non-operated properties, revenue DOI maintenance, owner relations, and state unclaimed property filings.
  • Lead the monthly analysis of revenue trends in pricing, volumes, and values by coordinating with internal and external stakeholders to ensure timely and accurate revenue reporting and analysis.
  • Facilitate information flow between Revenue, Land, AP, and Operations to ensure timely and accurate disbursements for new well revenues for both operated and non-operated properties
  • Coordinate with AP on revenue netting on non-operated properties
  • Coordinate data acquisition with other internal departments to ensure the accuracy of the data used for bookings.
  • Provide an environment where the Revenue accounting staff members can grow and are comfortable challenging the status quo.
  • Manage the process, including data, research and deadlines, for the unclaimed property filings (Escheat) to multiple states.
  • Recommend and implement improvements which efficiently and effectively address changing business needs while maintaining or improving internal controls.
  • Assist with processes and reporting needs between the Excalibur accounting system and other internal systems.
  • Collaborate closely with other internal department leaders to improve on processes and streamline existing reporting, systems, and dataflow.
  • Maintain current documentation of policies, procedures and processes.
  • Support corporate acquisition and divesture related activities.
  • Manage 1099-MIS, NEC, and INT reporting to owners.

Education

4-year undergraduate degree (Accounting/Finance), with 8+ years of oil and gas revenue accounting experience, or high school diploma with +12 years of progressive oil and gas revenue accounting or equivalent experience.

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