26-603.B2 - Accounting Advisory Analyst (PRA)

Hilcorp Energy•Houston, TX

About The Position

This role involves reviewing accounting for technical and complex transactions to ensure compliance with US GAAP/FASB reporting requirements and the development of company accounting policy. The analyst will provide guidance on Revenue Recognition (ASC 606), Affiliate Transactions, Royalty, Regulatory, and Compliance matters. Key responsibilities include recommending actions based on changes in reporting or accounting requirements, preparing and documenting accounting and reporting policies and procedures, and assisting the Manager with reporting requirements, regulations, and rules. The position requires staying current with all accounting and reporting requirements impacting Operational accounting teams. The role also supports the envisioning, design, and delivery of accounting policies and procedures to reduce risk, ensure regulatory compliance, and improve efficiency through best practices. Utilizing current technology to modernize Accounting operations for improved reliability, efficiency, and cost reduction is also a key aspect. The analyst will translate project documents into technical specifications, maintain knowledge of regulatory statutes and regulations (ONRR/State/Tribal Entities), and incorporate changes into the SAP PRA system. Support for end-users and super-users regarding SAP training, ad-hoc support, and due diligence for business development initiatives are also expected. The role contributes to evaluating accounting processes and controls to increase efficiencies and improve management decision-making, and works with accounting teams to optimize and implement new accounting standards and company best practices. Communication with IT, SAP Functional Support, and Management regarding project status and escalations is crucial. The analyst will represent the company at PROFOG Steering Committee meetings, assist in preparing status updates for management, and support PRA system enhancement, upgrade, and implementation projects. This includes configuring new acquisition revenue master data for SAP/PRA and understanding complex contract information to configure SAP data accurately for Revenue, Regulatory, and Compliance. The role emphasizes building customer confidence, increasing customer satisfaction, setting achievable expectations, and taking responsibility for problem-solving. Ensuring commitments to business stakeholders are met, soliciting input from Finance, Accounting, and Land departments, and responding to inquiries are also vital. Adherence to company values (integrity, ownership, urgency, alignment, and innovation), supporting the company vision and mission, maintaining a regular work schedule, and protecting company assets through confidentiality are expected. Continuous learning through workshops, publications, networking, and professional associations is also a component of the role.

Requirements

Seven (7) years minimum experience in Upstream Oil and Gas Accounting (and/or related fields) or three (3) years’ experience in Consulting; including technical accounting, business analysis or relative accounting functions.
Five (5) years minimum experience in a technical accounting role - General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Cost and Profit Center Accounting (CPA), Revenue Accounting, Compliance Accounting, and Production Accounting
Technical Accounting support and training of end-users
Mass data manipulation skills
Ability to complete multiple, diverse tasks of differing priorities without supervision.
Excellent written and verbal communication skills.
Outstanding organizational skills.

Nice To Haves

Advanced Excel, Alteryx, Power BI, and/or SQL experience preferred
CPA Preferred but not required

Responsibilities

Understand the needs of the Operational Accounting functions and how the Technical Accounting team supports those needs while also representing the requirements of Technical Accounting to the business
Assist in the envisioning, design, and delivery of accounting policies and procedures that generate value in terms of risk reduction, regulatory compliance, automation, efficiency by exploiting best in practice accounting policies.
Use current technology to help modernize Accounting operations to improve reliability, increase operational efficiency, and reduce cost.
Translate project documents, including reports and project specific business rules into technical specification documents for development by internal or external resources.
Maintains a working knowledge and can provide guidance on regulatory statues & regulations (ONRR/State/Tribal Entities)
Ability to review regulations and incorporate subsequent changes in the SAP PRA via system updates e.g. Formulas, Settlement Diversity, Contract Maintenance
Support end-users and super-users with training where required regarding SAP.
Provide other ad-hoc support and assistance, as requested
Work with Business development regarding due diligence or other initiatives as required.
Assisting in the evaluation of accounting processes and controls, with an objective of increasing efficiencies and provide better information for management decision making.
Working with accounting teams to optimize and implement new accounting standards and company best practices.
Communicate with IT, SAP Functional Support, and Management on the status of projects and escalate requests on behalf of the Technical Accounting Advisory team as needed
Represent Hilcorp at monthly PROFOG Steering Committee meetings and lobby for our high priority projects to be prioritized and worked on timely by SAP
Assist in preparing status updates for Management
Assists in PRA system enhancement projects, upgrade projects, and implementations
Assist in new acquisition revenue master data configuration for SAP/PRA
Ability to understand complex contract information and configure SAP data accordingly for accuracy in Revenue, Regulatory, & Compliance
Builds customer confidence, is committed to increasing customer satisfaction, sets achievable customer expectations, and assumes responsibility for solving customer problems
Ensures commitments to business stakeholders are met, solicits opinions and ideas from Finance, Accounting and Land departments, and responds to inquiries
Adheres to the company’s values – integrity, ownership, urgency, alignment, and innovation.
Supports company vision and mission.
Adheres to established work schedule, attendance standards and is punctual to work and meetings.
Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential.
Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
Contributes to team effort by accomplishing related results, as needed.
Other duties as assigned by management.