12+ Months
Phone and Skype
Downtown Houston , TX
Onsite
Job Title - Technical Business Analyst - Revenue Accounting
This position will require a solid Oil & Gas background dealing with Technical analytics. Candidate MUST be able to create their own SQL Queries and deal with various requests for custom reports.
Business Analyst - REVENUE ACCOUNTING:
Client is seeking a high performing individual for a dynamic revenue position in the very collaborative accounting team responsible for Client’s oil based production.
This critical Business Analyst in Revenue Accounting position is responsible for the settlement of sales volumes and revenues to the lease, financial bookings, inventory accounting, and Balance Sheet integrity for operated oil and operated gas/ngls going to third party processing facilities. The position requires a high-energy person with the ability to prioritize working critical areas for this dynamic asset. Strong collaboration and communication skills are required to interface with Land, Marketing & Commercial, Accounting and Finance Support, Legal, and Internal and External Auditors which are all critical to successful delivery.
The applicant will be responsible and accountable for ensuring that all deliverables and reported financial data are complete, accurate, timely and that the accounting records follow contractual agreements, GAAP, SOX controls and Company Policy. The individual will have proven experience of successfully managing relationships with internal colleagues and external stakeholders. The position requires working closely, providing support, and reviewing activities with the related Client team members.
The role requires a proactive team player, with high standards of excellence and attention to detail required for delivering accurate financials, and a self-starter who can multi-task, and work both independently and as part of a team.
ROLES & RESPONSIBILITIES:
- Responsible for recording monthly sales volumes, revenue, and expenses accurately and timely; coordinate and manage processing of prior period adjustments.
- Manage the Production estimate process which includes updating the Production estimate file, calculating volume adjustments, explaining significant volume estimate error and prior period adjustments (PPAs), and presenting to stakeholders in the Production meeting.
- Responsible for preparing the monthly actual vs forecast to explain revenue variance commentaries for Close and Control Document.
- Responsible for preparing the monthly Estimate Error and PPA summary to be distributed to stakeholders highlighting material variances and significant accounting activities.
- Perform monthly financial variance analysis/review during both Checkwrite and month-end Financial Close.
- Prepare and distribute the monthly global production volumes summary to stakeholders.
- Responsible for preparing the quarterly balance sheet commentaries and revenue related balance sheet schedules for the annual balance sheet review.
- Maintain the Balance Sheet accounts with focus on collecting and clearing aging accounts receivable balances.
- Review Production System exception report, resolve issues.
- Provide support for asset acquisitions and divestures.
- Provide support as the Houston SME (Subject Matter Expert) to the Revenue team
- Partner with the Business through continuous collaboration and delivering timely responses to queries. Stakeholders include Finance Support, JV Accounting, Cash Management, Investment Management Accounting, Financial Consolidation and Reporting, Legal, Land Administration, and Commercial.
- Deliver related SOX controls and participate in the annual SOX walkthrough and testing.
- Assist with providing timely responses to internal and external audits queries and royalty owners queries.
- Participate in ongoing review and continuous improvement of accounting procedures, controls, and documenting processes.
QUALIFICATIONS
Experience
- Minimum of 7-10 years of oil and gas accounting experience, with a focus in Production and Revenue Accounting preferred.
- Self-starter who works proactively and can manage and deliver multiple tasks
- Strong interpersonal communication skills, both written and verbal
- Ability to work in a time-sensitive environment, managing to tight deadlines
- Possess strong knowledge of oil and gas accounting principles
- Provide strong customer service, with proven business partnering skills and ability to build trusted relationships
- Strong analytical, organizational, and documentation skills
Education, Training & Certifications
- Bachelor’s Degree in Accounting/Finance or Business is preferred.
- Advanced Excel skills needed along with ability to do SQL Queries.