Job Summary
Encino Energy is seeking to hire a Senior Revenue Accountant, reporting to the Revenue Accounting Manager. The Senior Revenue Accountant will assist with processes and tasks related to managing the daily activities of the Revenue Accounting function and will interface with internal stakeholders such as Operations, Land, etc., as well as applicable government agencies, as necessary. This position will be responsible for ensuring compliance with applicable policies and reviewing contracts to ensure that revenue is recorded in compliance with GAAP. Additionally, this position will be responsible for recording sales of oil and gas products on operated and non-operated properties in which the company owns an interest.
Responsibilities
- Oversee working interest and royalty revenue distributions, production / sales / inventory reconciliations, state reporting, owner inquiries, and escheat filings
- Prepare monthly revenue accruals – oil, gas, severance taxes, and deductions
- Responsible for analysis related to production allocations, oil / gas measurement, and production operations, in conjunction with operations department
- Review revenue volumes, price, and values per field assignments and provide variance analysis
- Book sales of oil and gas products from purchasers or outside operators as received; monitor sales receipts to ensure timely and accurate receipt and recording of monthly proceeds
- Review and support analysis of price / volume discrepancies on a regular basis and other monthly data and analysis, as needed. Also responsible for thorough understanding of contract pricing, pricing indices, and basis differentials
- Review and support analysis of revenue for management for month-end and quarter-end reporting
- Maintain documentation of existing processes and controls across cycles
- Introduce, recommend, and implement new or revised processes and systems improvements
- Prepare account reconciliations for revenue-related accounts including: Purchaser Accounts Receivable, Severance Tax Payable, Gas Imbalances, and Accrual Accounts
- Prepare gas balancing statements for operated properties; confirm outside operated gas balancing statements
- Assist in preparation of monthly production accounting schedules
- Participate, plan, and introduce newly acquired producing wells into the revenue distribution process by working with various departments, outside purchasers, and previous well owners
- Be a liaison and participate alongside other departments including IT, Operations, EHS, and / or Land to enhance or change revenue processing programs and reports, as well as implement new accounting systems software
- Participate and help drive well profitability analyses
- Support monthly forecast and annual budget processes
- Assist in other projects, as required
Qualifications
- Understanding of U.S. production operations, including oil and gas measurement, production allocations, commodity pricing, royalty payments, State reporting, and production and severance taxes
- Experience with oil and gas accounting software – Quorum experience a plus
- Understanding of, and experience with, complex onshore U.S. land operations and ownership interests
- Knowledge of process improvement methodologies and business systems
- Ability to work in a fast-paced environment with small multi-disciplinary team settings
- Strong track record of leadership, initiative, and project management with effective written and verbal communication skills
- Excellent judgment, discretion, and understanding of the necessity for confidentiality
- Ability to effectively interface at various levels within the company and across departments, as well as with purchasers and state regulatory authorities
Education
- Bachelor’s degree in Accounting or related field required
- A minimum of five years of accounting work experience with an oil & gas E&P company, the majority of which is related to revenue accounting.
Relocation
This position is not eligible for domestic relocation.
Work Environment
This job is predominately located in a professional office environment with occasional travel to the field operations.
Work Schedule
Encino has a compressed work week with a “4/9/4” Work Schedule. Employees have the option to work four nine-hour days with the addition of four hours each Friday. Some flexibility in hours is allowed. The selected candidate is expected to work in the office three days a week (Monday – Wednesday) with the option to work remote two days a week.
The Company
Encino Energy is one of the largest privately owned producers of oil and natural gas in the U.S. The company is based in Houston and has assets primarily located in Ohio.
Encino Energy is an equal opportunity employer committed to diversity in recruiting, hiring, developing, compensating and promoting applicants and its employees. All employment decisions are made without regard to sex, race, color, religion, national origin or ancestry, citizenship, age, disability, marital or veteran status, sexual orientation, gender identity or expression, or any other legally protected categories. This includes providing reasonable accommodation for employee’s and applicant’s disabilities or religious beliefs and practices.
Encino Energy does not offer sponsorship of employment-based non-immigrant visa petitions for this role.
Location
Houston, TX
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