Financial Operations Manager
1 week ago
Job Overview
Location
Houston, TX
Employment Type
Full Time
Educational Requirements
Bachelor's Degree
Work Schedule
Day Shift
Job Category
Accounting
Position Summary
The Financial Operations Manager will direct the accounting functions and is accountable for overseeing personnel while ensuring that precise and timely financial reports are generated.
This role collaborates with the Controller during the financial report evaluation process, coordinates tasks, and addresses inquiries for financial data.
Key focus areas include managing variances in revenue and expenditures, adhering to company policies, and ensuring accurate and prompt customer invoicing.
Impact on the Organization
The Financial Operations Manager is pivotal in the fiscal oversight of the organization. They are tasked with managing the accounting division and guaranteeing that financial records are both accurate and current.
The significance of this role can be outlined as follows:
- Financial Reporting: The Financial Operations Manager is responsible for analyzing financial statements that offer insights into the organization’s fiscal health. These documents are utilized by senior leadership for strategic decision-making and by external parties such as investors and creditors to assess the organization’s financial standing.
- Compliance: This role ensures adherence to all applicable accounting standards and regulations. This includes preparing financial statements in line with Generally Accepted Accounting Principles (GAAP) and ensuring timely and accurate tax filings.
- Budgeting and Forecasting: The Financial Operations Manager plays a crucial role in the budgeting and forecasting processes. They collaborate with various departments to create budgets and forecasts that align with the organization’s strategic objectives.
- Risk Management: This position is responsible for identifying and addressing financial risks. They work closely with other departments to pinpoint potential risks and formulate strategies for mitigation.
- Leadership: The Financial Operations Manager provides guidance to the accounting team and ensures that staff are trained and motivated to perform their duties effectively. They also liaise with other departments to ensure efficient sharing of financial information across the organization.
Key Systems Utilized
- Accounting Software
- Excalibur by IFS
Invoice Processing Software
- OpenInvoice by Enverus
Collaborative Task Management Tools
- Brava Systems
- Microsoft Suite Programs
Qualifications
Essential Qualifications
- Bachelor's degree in accounting
- Minimum of 5 years of experience in the upstream oil and gas industry, including:
- Joint interest accounting (revenue distribution and joint interest billing)
- Production accounting
- Accounts payable and accounts receivable
- Previous supervisory experience
- Strong knowledge of US GAAP, Texas Oil & Gas Regulations, and COPAS Guidelines
Desirable Qualifications
- Master's degree in accounting
- Experience in public accounting
- Familiarity with Excalibur
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