Senior Revenue Accountant - Oil & Gas

Discover Your Potential at Whitley Penn•Houston, TX

3d•Hybrid

About The Position

Whitley Penn, a leading CPA and Consulting firm, is looking for a Senior Revenue Accountant to join our Oil & Gas Accounting & Consulting team. The Senior Revenue Accountant is responsible for leading client engagements and may manage two or more engagements, simultaneously. Seniors are responsible for planning and executing engagements and special assignments, supervising, and training associates, reviewing work of associates and communication with clients. How We Work Whitley Penn has become one of the region’s most distinguished and fastest growing public accounting firms by providing exceptional service that reaches far beyond traditional accounting. We believe in working in collaborative teams with an emphasis on open-door policy and encouraging entrepreneurial thinking. We learn, innovate, and succeed by sharing knowledge, embracing diversity, and working together. We are all part of the same family and each person matters. We are more than just a job. How Will You Make an Impact? Assume full responsibility for planning and executing client engagements and assignments using established firm policies and procedures, including supervising and training associates, reviewing the work of associates, and communication with clients Review and participate in monthly, quarterly, and yearly accounting cycles and prepare financial statements Reconciling accounts receivable balances resulting from revenue bookings Trend analyses and explanation of large swings in the revenue bookings Timely and accurately record oil, gas, and NGL sales for multiple entities – operated Prepare revenue allocations as required Complete severance tax reports and payments for multiple states Prepare federal (ONRR) and state royalty reporting and payments Responsible for other state filing requirements such as quarterly withholding and annual reconciliations Integrate acquisitions Journal entries as necessary, including accruals Communicates effectively with employees in areas of operations/engineering, land and management as well as purchasers Train and mentor less experienced team members Participate in firm committees, departmental matters, learning experiences, etc. that increase your commitment and capability within the firm Maintain effective contact with client personnel at the appropriate levels; interact with clients in a professional and competent manner; build trust-based relationships with clients Proactively work with client’s management to gather necessary information and complete engagement procedures in a timely manner Join and participate in community or professional events and committees to develop relationships and networks in the community Assist in developing training materials and serve as an instructor in technical and professional development programs Prepare staff evaluation reports Participate in technical and professional training throughout the year Participate in the firm’s annual performance management and goal setting process

Requirements

3-5 years of experience in Energy accounting and analysis, demonstrating a progression in complexity, and scope.
Oil & Gas Accounting Knowledge specifically Upstream/E&P experience required
BA or Master’s in accounting or financial management
Proficiency in the use of technology and accounting programs
Familiar with "Generally Accepted Accounting Principles (GAAP) specifically as they relate to Oil & Gas Accounting
Familiarity with Impairment, and other industry-specific calculations
Proficiency in Microsoft Office Excel
A positive attitude, professional appearance, and demeanor
Ability to research and apply theory and experience to individual circumstances
Strong organizational and time management skills; ability to plan and execute multiple engagements and projects simultaneously
Excellent analytical skills and problem-solving ability; exhibits creativity by expressing new ideas and "thinking outside the box"; solution-minded
Excellent communication skills, both orally and in writing; actively listens and clearly communicates ideas and information
Strong relationship-building capabilities; ability to work respectfully and productively with diverse individuals in a variety of roles

Nice To Haves

CPA or CPA eligibility preferred
Proficiency in O&G Accounting Software preferred (OGsql, Wolfepak, Quorum On-Demand Accounting)

Responsibilities

Assume full responsibility for planning and executing client engagements and assignments using established firm policies and procedures, including supervising and training associates, reviewing the work of associates, and communication with clients
Review and participate in monthly, quarterly, and yearly accounting cycles and prepare financial statements
Reconciling accounts receivable balances resulting from revenue bookings
Trend analyses and explanation of large swings in the revenue bookings
Timely and accurately record oil, gas, and NGL sales for multiple entities – operated
Prepare revenue allocations as required
Complete severance tax reports and payments for multiple states
Prepare federal (ONRR) and state royalty reporting and payments
Responsible for other state filing requirements such as quarterly withholding and annual reconciliations
Integrate acquisitions
Journal entries as necessary, including accruals
Communicates effectively with employees in areas of operations/engineering, land and management as well as purchasers
Train and mentor less experienced team members
Participate in firm committees, departmental matters, learning experiences, etc. that increase your commitment and capability within the firm
Maintain effective contact with client personnel at the appropriate levels; interact with clients in a professional and competent manner; build trust-based relationships with clients
Proactively work with client’s management to gather necessary information and complete engagement procedures in a timely manner
Join and participate in community or professional events and committees to develop relationships and networks in the community
Assist in developing training materials and serve as an instructor in technical and professional development programs
Prepare staff evaluation reports
Participate in technical and professional training throughout the year
Participate in the firm’s annual performance management and goal setting process