Capital Accountant

Found in: Talent US C2 - 2 weeks ago

Houston, United States Repsol Full time

At Repsol, we are committed to equality and do not request personal information.

We believe that diversity contributes to innovative ideas and provides added value that enables us to benefit from mutual learning and perform our best work. Here, what counts is your experience and your ability to create value. We offer you the opportunity to grow professionally, develop your career with challenging projects and collaborate with talented people worldwide. As a company committed to diversity and inclusion, we encourage all professionals who meet the job description requirements to apply.

The Capital Accountant is responsible for managing the accounting associated with fixed assets including depreciation, CAPEX accruals, Assets Under Construction (AUC), Asset Retirement Obligation (ARO) and the year-end impairment process. In addition to Capital Accounting responsibilities, the Capital Accountant will be tasked with performing other duties within the team related to Joint Venture Accounting. This role requires a working knowledge of standard Oil and Gas JOA’s and COPAS Accounting Procedures for our U.S. and international projects. Responsibilities include accurate recording of all joint interest billings (operated and non-operated), cash call management, payout statements and revenues related to non-operated and operated properties. The successful candidate for this role will have broad knowledge of operational accounting for both operated and non-operated assets in the U.S. and international arenas, performance reporting, and will have working knowledge of COPAS and AIPN accounting procedures.

Primary Functions and Responsibilities

Provide monthly, yearly, quarterly variance analysis of P&L, BS, and CF’s.

Record, analyze, and interpret financial results including DDA, CAPEX, and OPEX. 

Manage monthly and quarterly reserve adjustments and additions in SAP for various producing assets 

Management of Asset Retirement Obligations, DD&A and the year-end impairment process 

Management of Fixed Assets and Assets under Construction for various conventional and unconventional assets 

Accounting for leases under IFRS 16 standard 

Ability to adhere to tight deadlines 

Additional Responsibilities as Assigned

Resolve working interest disputes through collaboration with Land and Division Order 

Proactively review existing and new JV accounting procedures, JOA’s, PSA’s, and JDA’s 

Prepare monthly account reconciliations of applicable A/P, A/R, Capital and OPEX accruals, ARO, cash call, and Fixed assets accounts 

Record incoming / outgoing JIBs for operated & non-op operations in a timely and accurate manner 

Record incoming payments in a timely and accurate manner 

Provide JV audit assistance and / or manage the formal JV audit response 

Be recognized as the SAP expert for the JV function in the business unit and assist in the continuous improvement of SAP processes as it pertains to JIB’s and payments 

Must be proficient in Microsoft Excel (pivot tables and lookups), Word and Outlook. 

Project management skills to assist in specific initiatives as they arise 

Requirements

Must be legally authorized to work in the US for any company 

Bachelor’s Degree or higher Accounting, Finance, or Economics preferred 

5 years of progressive working experience

Experience working with COPAS and AIPN accounting procedures preferred 

Experience in internal management & performance reporting 

Working knowledge of International Financial Reporting Standards is desirable but not required 

Detail orientated coupled with the ability to learn quickly 

Experience with SAP & SAP AFO. Other major ERP experience considered 

Ability to effectively communicate with all levels of the organization including C-Suite executives 

Strong written, verbal and presentation skills 

Repsol is an Equal Opportunity Employer M/F/Disability/Veteran

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