Sr Offshore Revenue Accountant

Murphy Oil•Houston, TX

9d•Hybrid

About The Position

The Senior Revenue Offshore Accountant role is to ensure that all production, revenues, and post-production expenses are recorded accurately and timely, and in accordance with marketing, lease, and other governing agreements. The successful candidate will oversee the accounting processes of oil and condensate transactions associated with US offshore properties, monthly oil revenue accrual, transportation, and inventory journal entries, and assist with additional tasks such as non-operated payment bookings, audit requests, or others as requested. The candidate should demonstrate the ability to learn quickly, make process improvements, and maintain a solid control environment. This individual should be professional and respectful of others, and demonstrate strong work ethics, accountability, and judgement. This person should be also able to thrive in a team environment as well as focus on individual tasks. While the role has no direct authority over day-to-day direction of the department or project, the person is highly encouraged to suggest desirable changes to the team and other departments that would generate better results. This role will work in our Houston Corporate office and may work two (2) days a week remotely, as business needs allow.

Requirements

Bachelor’s degree in accounting or finance
Minimum 10 years’ experience in exploration & production (E&P) or midstream accounting with 4 years’ experience in E&P revenue accounting
Proficient with accounting of take in-kind arrangements
Excellent analytical and problem-solving abilities
Good communication and interpersonal skills
Demonstrate a continual improvement and team mindset

Nice To Haves

Master’s degree in accounting or finance
SAP system experience with focus in PRA module
Familiar with E&P offshore operations
Affinity for technologies, such as Power Automate and Power BI, to support deliverables
Knowledgeable in offshore unit agreements
Allegro or equivalent marketing system experience
Prior experience participating with working interest partner audits
Exceptional understanding of marketing and commercial contracts

Responsibilities

Manage oil and condensate revenue transactions and ensure proper allocation back to leases in Gulf of America
Perform monthly oil revenue accrual, transportation, and inventory journal entries
Provide field sales allocation to relevant pipelines and offshore producers
Process prior period adjustments under reasonable timeline after receiving substantive revised information
Perform account reconciliation research
Understand oil midstream contracts including sales pricing, firm obligations, deficiencies, transportation, gathering, processing arrangements, escalations, etc.
Ensure all accounting is in accordance with SOX compliance
Work on audit supports, non-operated payment bookings, and ad hoc requests as needed
Utilize technology to drive process improvements and efficiencies