Oil and Gas Financial Specialist
2 weeks ago
About Us:
Elite Recruiting is proud to represent a prominent entity in the oil and gas sector, recognized for its commitment to innovation and sustainability across various operational domains. We are currently seeking a skilled Oil and Gas Financial Specialist to enhance our client's financial operations.
Position Overview:
The Oil and Gas Financial Specialist will oversee the financial activities associated with our client's diverse operations, requiring an in-depth understanding of the oil and gas landscape, exceptional analytical capabilities, and the proficiency to manage financial records across multiple divisions.
Key Responsibilities:
- Financial Oversight:
- Manage and uphold the general ledger for various divisions, ensuring precision and adherence to industry regulations.
- Supervise accounts payable and receivable processes, including invoice management, payment authorizations, and collections.
- Reconcile bank accounts and oversee cash flow to maintain sufficient liquidity.
- Budgeting and Financial Planning:
- Develop and evaluate budgets, forecasts, and financial statements for the manufacturing and exploration sectors.
- Deliver financial insights and strategic recommendations to facilitate informed business decisions.
- Cost Management:
- Establish and uphold cost accounting frameworks to monitor production expenses, inventory assessment, and profitability metrics.
- Conduct variance analyses and report on discrepancies, providing actionable insights for management.
- Regulatory Adherence:
- Ensure compliance with applicable federal, state, and local regulations, including tax obligations and environmental reporting.
- Stay informed on industry-specific accounting standards and regulatory updates.
- Audit Coordination:
- Facilitate and support external audits, ensuring timely and accurate submission of necessary documentation.
- Prepare financial statements and management reports, presenting findings to senior stakeholders.
- Process Optimization:
- Identify and implement enhancements to accounting processes and financial controls.
- Adopt best practices and automation solutions to improve efficiency and accuracy.
- Bachelor's degree in Accounting, Finance, or a related discipline.
- A minimum of 5 years of accounting experience, with at least 2 years in the oil and gas field.
- Comprehensive knowledge of accounting principles, financial reporting, and regulatory compliance specific to the oil and gas industry.
- Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and advanced Excel capabilities.
- Exceptional analytical, organizational, and problem-solving skills.
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