Oil and Gas Financial Specialist

2 weeks ago


Dallas, Texas, United States Elite Recruiting Full time
Job Title: Oil and Gas Financial Specialist

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.
Qualifications:
  • 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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