Revenue and Regulatory Accountant

The Hiring Company • Houston, TX, United States • $200k - $250k / year • 1w ago

Revenue and Regulatory Accountant

IKAV Energy Inc is a private E&P company with its US headquarters in Durango, Colorado, and belongs to the global energy infrastructure group, IKAV. IKAV has worldwide offices in Hamburg, Luxembourg, Milan, Madrid, Lisbon, Munich, and Paris and has launched its US franchise in 2019 managing and operating a billion-dollar portfolio on a long-term basis.

At IKAV, teamwork is at the heart of our operations and is only strengthened by the many diverse and professional backgrounds that shape our team. IKAV believes in flat hierarchies and the empowerment of team members. In return, we expect exceptional motivation, a high degree of independent thinking, and the ability to spot opportunities for optimization and growth.

Responsibilities

Conduct the monthly Revenue and Regulatory accounting close processes including but not limited to:
Verifying revenue contract pricing where relevant
Booking non-operated properties
Preparing monthly accruals and account reconciliations as assigned
Processing of prior period adjustments
Assisting in analyzing suspense/receivables accounts, monthly variances
Assisting with annual 1099 and DR-0021 filings and internal/external audits as relevant
Ensure accuracy in calculation, reporting and payment of ONRR, Tribal, Colorado and New Mexico royalty and respective severance tax obligations
Coordinate with Production and Revenue accounting to reconcile production, tax and royalty reporting to state and federal regulatory agencies
Follow internal control policies and procedures

Collaboration and Improvement

Build relationship with Production and Midstream accountants to assist in executing activities
Work in conjunction with Division Order team to review/process escheatable items and ensure correct ownership
Work in partnership with functional organizations to drive improvements to add to the efficiency and effectiveness to the Revenue and Regulatory processes and controls in addition to other areas of the company
Participate in training and development to maintain current knowledge and understanding of forthcoming changes to ONRR, Tribal, Colorado and New Mexico tax and royalty obligations
Adhere to established internal controls as well as identify opportunities for improvements.

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