Staff Accountant

2 days ago

Midland, TX, United States Energy Talent Search Full time
Job Description
Senior Accountant, Upstream E&P - Midland, Texas

Are you a highly motivated accounting professional with dedicated experience in the Upstream E&P sector of the oil and gas industry? Our client, a dynamic and growing mid-sized independent oil and gas producer based in Midland, Texas, is seeking a meticulous Senior Accountant to join their close-knit finance team. This is a fantastic opportunity to contribute to the financial accuracy directly and operational efficiency of a company deeply embedded in the Permian Basin's prolific activities.

In this essential role, you will be instrumental in managing core accounting functions unique to oil and gas exploration and production. You'll work collaboratively with cross-functional teams and leadership, ensuring robust financial reporting and compliance. We're searching for a hands-on individual who thrives in a fast-paced environment, excels at problem-solving, and is committed to maintaining the highest standards of financial integrity.

Requirements
Core Contributions:
  • Financial Reporting & General Ledger Management: Drive monthly and quarterly financial close processes, including the preparation of complex journal entries, comprehensive general ledger reconciliations, and the generation of internal financial statements.
  • Production & Revenue Accounting Support: Assist with the accurate recording and analysis of hydrocarbon production volumes, sales, and corresponding revenues, navigating the unique complexities of oil and gas revenue recognition.
  • Capital & Operating Expenditure Oversight: Monitor, analyze, and ensure proper accounting for exploration, development, and production capital expenditures (CAPEX) as well as operating expenses (OPEX).
  • Joint Venture (JV) Accounting Coordination: Support the preparation and review of joint interest billings (JIBs) and partner reconciliations, ensuring proper allocation and recovery of costs in accordance with joint operating agreements (JOAs).
  • Compliance & Audit Preparedness: Ensure strict adherence to U.S. GAAP and relevant industry regulations. Play a key role in supporting annual external audits by preparing documentation and responding to inquiries.
  • System Proficiency & Data Integrity: Utilize and optimize the company's financial ERP system, serving as a resource for system-related questions, enhancing data quality, and contributing to the development of financial reports.
  • Interdepartmental Collaboration: Partner closely with reservoir, operations, land, and engineering departments to facilitate accurate data flow and ensure financial records reflect operational realities.
  • Process Optimization: Identify and implement efficiencies within accounting procedures, leveraging technology and best practices to enhance the accuracy and timeliness of financial data.
Benefits
What We're Looking For:

The ideal candidate will possess the following qualifications:
  • Experience: 3-5 years of progressive accounting or financial analysis experience, with non-negotiable experience within the Upstream Exploration & Production (E&P) segment of the oil and gas industry.
  • Education: Bachelor's Degree in Accounting or Finance from an accredited university.
  • Technical Acumen: Demonstrated proficiency with enterprise resource planning (ERP) systems common in the oil and gas sector.
  • Industry Knowledge: Solid grasp of accounting principles (GAAP) as applied to the oil and gas industry, including concepts such as full cost/successful efforts, depletion, and asset retirement obligations (AROs).
  • Key Skills: Exceptional analytical and organizational skills, a meticulous attention to detail, and the ability to manage multiple priorities in a dynamic environment. Strong communication skills are essential for collaborating across teams.
  • Software Proficiency: Advanced user of Microsoft Office Suite (particularly Excel) and various accounting software.
Compensation & Work Environment:

We offer a competitive package tailored to attract and retain top talent in Midland:

  • Annual Salary: A competitive base salary ranging from $80,000 - $95,000 per year, dependent on your experience and qualifications.
  • Performance Bonus: Eligibility for an annual performance bonus, tied to both individual performance and the company's achievements.
  • Work Setting: This is a full-time, in-office position based in Midland, Texas, fostering a cohesive and collaborative team culture.
Important Note for Applicants:
  • Local Candidates Only: We are specifically seeking candidates who currently reside in the greater Midland-Odessa area. Relocation assistance and visa sponsorship are not available for this role.

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