Revenue Accountant
1 month ago
We are immediately hiring a Revenue Accountant on a contract to permanent basis in Fort Worth, Texas. This role is integral to the accounting and financial reporting of revenue transactions within the Midstream Oil and Gas sector. The successful candidate will be involved in accurately recording, analyzing, and reporting revenue from various midstream services, ensuring compliance with applicable regulations, and collaborating with various departments to streamline revenue-related processes.
Responsibilities:
• Prepare monthly revenue accruals, journal entries, and account reconciliations.
• Accurately record revenue from transportation, processing, storage, and other midstream services.
• Analyze variances in revenue and expenses, identifying any discrepancies or unusual transactions.
• Review, prepare, and process customer invoices in accordance with contractual terms.
• Generate monthly revenue reports and provide insights for management regarding revenue trends.
• Assist in the preparation of financial statements, ensuring that revenue is reported accurately.
• Participate in revenue forecast and budget development with relevant departments.
• Ensure compliance with contract terms, GAAP, and FERC regulations.
• Maintain knowledge of customer contracts to ensure revenue recognition aligns with contractual terms.
• Review contracts for new business, assessing revenue recognition impact and recommending process adjustments.
• Identify opportunities to improve revenue accounting processes and procedures.
• Support the implementation of new accounting systems or upgrades.
• Assist with developing and documenting standard operating procedures (SOPs) related to revenue accounting.
• Assist with internal and external audits, providing revenue accounting documentation and responding to auditor inquiries.
• Ensure compliance with SOX (Sarbanes-Oxley) controls and implement best practices to reduce risk.
• Must possess skills in Accounts Payable (AP)
• Proficiency in Bank Reconciliations is required
• Demonstrated knowledge of General Ledger is essential
• Ability to create and manage Journal Entries is mandatory
• Must have experience with Month End Close processes
• Proficiency in using NetSuite software is required
• Knowledge of Oracle software is a plus
• QuickBooks experience is important
• Experience in Joint Interest Billing (JIB) is necessary
• Oil & Gas Experience is required
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