Accounting Associate - Oil and Gas

Discover Your Potential at Whitley Penn•Houston, TX

20h•Hybrid

About The Position

Whitley Penn, a leading audit, tax, and advisory firm, is seeking an Associate to join their team. This role requires a foundational understanding of Generally Accepted Accounting Principles (GAAP) specific to Oil & Gas Accounting, with the ability to apply these principles to outsourced accounting functions and special projects under professional supervision. Responsibilities include managing accounts payable and receivable, participating in accounting cycles, preparing financial statements, and handling revenue-related tasks. Performance is assessed on work quality, application of accounting knowledge, and adherence to deadlines. Whitley Penn emphasizes exceptional, personalized service, offering a wide range of Advisory and Consulting services alongside traditional Audit and Tax solutions. The firm fosters a collaborative environment with an open-door policy, entrepreneurial spirit, and a strong culture focused on learning, innovation, and achievement through shared knowledge and new ideas. They seek professionals who exhibit an ownership mindset and are eager to contribute to a high-growth firm.

Requirements

2-4 years of experience in Oil & Gas accounting and analysis, demonstrating progression in complexity, scope, and number of engagement assignments.
BA or Master’s in accounting or financial management.
Basic knowledge of Generally Accepted Accounting Principles and Generally Accepted Auditing Standards, specifically related to Oil & Gas Accounting.
Familiarity with ARO, Depletion, Impairment, and other industry-specific calculations.
Proficiency in Microsoft Office Excel.
Proficiency in WolfePak and/or Ogsys accounting software.
A positive attitude.
A professional appearance and demeanor.
An eagerness to learn and acquire new skills and knowledge.
Excellent analytical and problem-solving skills.
A strong work ethic, strong time management skills, and the ability to meet deadlines in a fast-paced environment; responsible and self-motivated.
Organizational skills and ability to multi-task.
Strong communication skills, both orally and in writing.
Ability to work respectfully and productively with diverse individuals in a variety of roles.

Nice To Haves

CPA or CPA eligibility preferred.

Responsibilities

Participate in client engagements to understand the engagement process and gain accounting and business knowledge.
Monitor accounts payable and accounts receivable.
Prepare daily receipts, monthly revenue intake sheets, spreadsheet files, and inter-company reports.
Monitor and ensure accurate recording of all monthly transactions.
Participate in monthly, quarterly, and yearly accounting cycles and prepare monthly financial statements.
Coordinate JIB, revenue, and other monthly accounting processes.
Perform monthly revenue-related tasks and analysis, including the monthly revenue close process and reconciliations for deferred revenue accounts.
Support external audit activities.
Identify, measure, and analyze data.
Communicate and work proactively with clients to build trust and gather necessary information efficiently.
Understand how engagement budgets relate to firm financial results and manage personal billable hours.
Develop knowledge of the firm and its professional capabilities.
Participate in community organizations/events through volunteer and networking opportunities.
Participate in professional development and training sessions.
Participate in the firm’s annual performance management and goal setting process.