Oil and Gas Revenue Compliance Expert

18 hours ago


Midland, Texas, United States Permian Resources Management, LLC Full time

Permian Resources Management, LLC is a leading oil and gas company based in Midland, Texas. We are currently seeking an experienced Oil and Gas Revenue Compliance Expert to join our team.

Job Summary

We are looking for a highly skilled individual to manage our revenue compliance functions, ensuring timely processing, filing, and payment of all state and federal royalties and taxes. The successful candidate will have a strong understanding of oil and gas accounting principles and be familiar with the requirements pertaining to oil and gas reporting in New Mexico.

Main Responsibilities

  • Process, file, and pay all state (New Mexico) and federal royalties and amendments.
  • Process, file, and pay all state severance taxes and amendments in New Mexico.
  • Stay current with NMOGA and communicate upward any upcoming changes that may impact the business.
  • Prepare monthly account reconciliations for state and federal royalties and severance tax accounts.
  • Work with our severance tax consultants to ensure Permian is obtaining all possible deductions and staying in compliance with state and federal regulations.
  • Process, file, and record all severance tax exemptions/deductions.
  • Collaborate with land and regulatory to ensure leases are getting setup timely with the state and federal entities, and we are filing all proper paperwork to obtain possible deductions.
  • Prepare a monthly analysis of severance tax for financial close.
  • Take the lead on state or federal audits by keeping the audit focused, collaborating with various departments to pull required support and provide to the auditors timely, responding to audit findings as soon as they are brought to your attention, and keeping all parties informed of the audit progress.
  • Ensure compliance with existing SOX controls.
  • Provide support for special projects and perform other duties as assigned.

Requirements

  • Bachelor's degree in Accounting, Finance, Business or equivalent experience.
  • Minimum of 4-5 years of experience in oil and gas revenue accounting, with state severance tax and federal royalty reporting experience in the state of New Mexico.
  • Microsoft Office proficiency (Excel and Word).
  • Strong organizational and analytical skills.
  • Ability to prioritize activities and meet all deadlines.
  • Comfortable and able to perform data mining and research.
  • Strong written and verbal communication skills.
  • Ability to interpret and apply policies, procedures, rules and regulations.
  • An exceptional team player, establishing positive working relationships with others.
  • Strong work ethic and ability to maintain a positive/flexible attitude in a fast-paced work environment.

Salary: $80,000 - $110,000 per annum, depending on experience.



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