Sr Joint Venture Accountant

Devon Energy•Oklahoma City, OK

13d

About The Position

The Joint Venture Accountant, working under general supervision, is responsible for conducting and documenting moderately to complex joint venture accounting projects within the Joint Venture Accounting function. The role administers and coordinates the WBS (AFE) workflow for expense and capital projects, and creates and maintains expenditure accounting master data, including Cost Centers, WBS’s, and JIB Division Orders, within the ERP system. The role collaborates with the Operations Accounting team, gathering necessary information for effective joint venture financial management. The role applies GAAP accounting principles to journal entry preparation, reconciliations, and the analysis of financial data, and applies financial and accounting analysis skills to address challenges in joint venture transactions. The role verifies financial transactions within the joint venture comply with COPAS standards, formulates strategic recommendations to improve the efficiency and effectiveness of the JV Accounting department’s financial operations, and adheres to established control procedures to uphold financial integrity and compliance. The role also conducts in-depth financial analysis specific to the joint venture, providing stakeholders with insights for informed decision-making and strategic planning.

Requirements

Bachelor's Degree in Accounting, Finance, MIS or any other related discipline and/or commensurate work experience is required.
3 – 5+ years of relevant experience, preferably in areas such as Joint Venture Accounting, Financial Analysis & Reporting, Account Reconciliation or a related field.
Industry experience is preferred.
Digital Accounting and Invoicing Systems
Business Process Improvements
Generally Accepted Accounting Principles (GAAP)
Council of Petroleum Accountants Societies (COPAS)
Enterprise Resource Planning (ERP)
Financial Analysis
Financial Reporting Standards (FRS)
Financial Industry Knowledge
Joint Venture Accounting Principles

Nice To Haves

Certified Public Accountant (CPA) (a plus)

Responsibilities

Administers and coordinates the WBS (AFE) workflow for expense and capital projects in accordance with internal controls, policies, and processes.
Creates and maintains expenditure accounting master data: Cost Centers, WBS’s, and JIB DOIs within the ERP system.
Collaborates with Operations Accounting team members to gather necessary information, ensuring seamless coordination as a JV Accountant for effective management of joint venture financial processes.
Develops an understanding of GAAP accounting principles, theories, and concepts to execute tasks like journal entry preparation, reconciliations, and analyzing financial data, essential for a JV Accountant in managing joint venture-specific financial activities.
Applies financial and accounting analysis skills to comprehend and address challenges, ensuring a strategic approach to problem-solving in joint venture transactions.
Verifies financial transactions within the joint venture in accordance with COPAS standards, meticulously entering line items to ensure compliance and accurate financial representation, fostering transparency between collaborating entities.
Formulates and promotes strategic recommendations aimed at improving the efficiency and effectiveness of the JV Accounting department's financial operations.
Cultivates familiarity with the control environment and diligently adheres to established control procedures to uphold financial integrity and compliance within the joint venture's accounting framework.
Conducts in-depth financial analysis specific to the joint venture, providing insights to stakeholders for informed decision-making and strategic planning.