Accounting Manager

2 months ago


Houston, United States Parallel Petroleum Full time
Job DescriptionJob Description

The Accounting Manager will oversee the accounting processes and is responsible for supervising staff and ensuring that accurate and timely financial statements are prepared. The Accounting Manager works with the Controller during the financial statement review process, coordinates responsibilities, and responds to requests for financial information. Variances for revenue and expenses, company policies and procedures, and accurate and timely customer billing are important areas of focus.

 

Organizational Impact

 

The Accounting Manager plays a critical role in the financial management of an organization. They are responsible for overseeing the accounting department and ensuring that financial records are accurate and up-to-date. The impact of this job on the organization can be summarized as follows:

- Financial Reporting: The Accounting Manager is responsible for reviewing financial reports that provide insights into the financial health of the organization. These reports are used by senior management to make strategic decisions and by external stakeholders such as investors and creditors to evaluate the organization's financial performance.

- Compliance: The Accounting Manager ensures that the organization complies with all relevant accounting standards and regulations. This includes ensuring that financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and that tax returns are filed accurately and on time.

- Budgeting and Forecasting: The Accounting Manager plays a key role in the budgeting and forecasting process. They work closely with other departments to develop budgets and forecasts that align with the organization's strategic goals.

- Risk Management: The Accounting Manager is responsible for identifying and mitigating financial risks. They work closely with other departments to identify potential risks and develop strategies to manage them.

- Leadership: The Accounting Manager provides leadership to the accounting department and ensures that staff are trained and motivated to perform their roles effectively. They also work closely with other departments to ensure that financial information is shared effectively across the organization.

Overall, the Accounting Manager has a significant impact on the financial management of an organization. They ensure that financial records are accurate, compliant, and provide insights that enable the organization to make informed decisions.

 

Key Systems

- Accounting Software – Excalibur by IFS

- Invoice Processing Software – OpenInvoice by Enverus

- Collaborative Task Management – Brava Systems

- Microsoft Suite Programs

 

Required Qualifications

 

- Bachelor’s degree in accounting

- At least 5 years of experience within the upstream oil and gas sector including:

- Joint interest accounting (revenue distribution and joint interest billing)

- Production accounting

- Accounts payable and accounts receivable

- Prior supervisory role

- Strong understanding of US GAAP, Texas Oil & Gas Regulations, and COPAS Guidelines

 

Preferred Qualifications

 

- Master’s degree in accounting

- Public accounting experience

- Experience with Excalibur


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