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Director of Finance
$148k-200k (estimate)
Full Time 2 Months Ago
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OneThirtyOne LLC is Hiring a Director of Finance Near Dallas, TX

Overview Ellipsis U.S. Onshore ("Ellipsis") is a new division of Westlawn. Westlawn is a private investment firm focused on upstream oil and gas investments, with an initial concentration on North America, Latin America, and the Middle East. Westlawn was formally launched at the end of 2021. Ellipsis is executing on a non-operated strategy throughout the U.S. onshore. Ellipsis’ first transaction was closed in the first quarter of 2023 and is a Delaware Basin-focused non-operated asset under several major operators including EOG and Mewbourne. The asset is producing 4,500 boe/d from 135 wells with significant upside drilling remaining. In addition to managing this asset, growing the portfolio via further acquisitions is a major focus for the Ellipsis team. We are looking for a Director of Finance to join our growing business. The Director of Finance will be responsible for assisting the team in several areas including but not limited to cash accounting, forecasting, and tracking. This is inclusive of developing and maintaining corporate asset models, weekly cash forecasting, review and tracking of Joint Interest Billings, preparing and presenting finance slides with cost forecasts and variance to budget analysis, tracking of all lease operating expenses, and the creation and maintenance of templates and reports to assist in performing these duties. A comprehensive understanding of petroleum industry, accounting, operations, and relevant inputs are required. The successful candidate will be comfortable in a fast-paced environment with changing priorities from a multi-disciplined team and will be expected to adapt to the business needs in various capacities (learning new software, assisting other departments, etc.). Responsibilities Generate and analyze Lease Operating Statements (LOS) Develop and track key performance indicators to measure business success Review and track Joint Interest Billings Review and track revenues from operating partners Review and track product differentials by area and operator Build and support Excel tools for tracking and reporting Provide accurate cash forecasts on a weekly basis Build and own corporate model, updating monthly through collaborating with engineering and finance Prepares monthly reporting package to review business/finance operations and variance to budget analysis Review and tracks AFE versus actual for wells Provides current cost trend analysis and support for new acquisition assumptions Provide support in preparing annual budget Develop presentations for Management and the Investment Committee Assist business development efforts through review of VDR LOS and accounting metrics Experience with Reserve Based Loans and the accompanying credit reporting requirements Experience managing hedge book tracking and reporting Maintain LOS database incorporating internal and offset data Perform ad-hoc analysis as requested Requirements Bachelor’s Degree in Accounting, Finance, or a related field Minimum of 5 years of experience in a Business Analyst, or FP&A role within the petroleum industry Excel power user Highly proficient with MS Office Strong analytical and organizational skills Some travel may be required (data rooms, conferences, etc.) Flexible to work a variety of hours which could include nights and weekends as business needs require Proven track record of handling multiple projects concurrently under tight deadlines Additional Desired Skills Working knowledge of Access, SQL and or Power BI/Spotfire Database creation and management It is impossible to list every requirement for, or responsibility of, any position. Similarly, we cannot identify all the skills a position may require since job responsibilities and the Company’s needs may change over time. Therefore, the above job description is not comprehensive or exhaustive. The Company reserves the right to adjust, add to or eliminate any aspect of the above description. The Company also retains the right to require all employees to undertake additional or different job responsibilities when necessary to meet business needs. Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future. Westlawn is a private investment firm based in Houston, TX focused on long-term investment in the global oil and gas industry. We acquire operated and non-operated interests in producing, development and exploration assets, as well as technologies that improve production. Oil and gas will continue to be an important part of the global energy mix for decades to come. Responsible production and development of reserves, combined with new technologies to access those reserves more efficiently, are required to meet the world’s energy needs. Westlawn has ambitions to deploy significant capital into the sector and seeks to establish long-term partnerships with entrepreneurs and management teams who share our vision for growth and value creation.

Job Summary

JOB TYPE

Full Time

SALARY

$148k-200k (estimate)

POST DATE

02/03/2024

EXPIRATION DATE

04/23/2024

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The job skills required for Director of Finance include Accounting, Analysis, Billing, Presentation, Forecasting, Team Management, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.

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If you are interested in becoming a Director of Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Finance for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Director of Finance job description and responsibilities

A Director of Finance makes high-level decisions regarding a business’s health, leaving details for the finance and accounting departments.

01/03/2022: Schenectady, NY

Finance Director, given additional responsibility for managing pricing, proposal development; supply agreement approval.

01/27/2022: Salem, OR

Financial directors review any capital request and take on the approval process while the controllers of finance process the requests.

01/21/2022: Provo, UT

The duties of a Director of Finance are to manage the financial and accounting control functions of an organization.

12/20/2021: Racine, WI

They’re also commonly tasked with managing one or more corporate finance departments, such as accounting or payroll.

01/21/2022: Boston, MA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Director of Finance jobs

Becoming a director of finance requires a combination of education and relevant work experience.

02/26/2022: Sioux Falls, SD

They must also be good team players, with management skills to lead the finance department.

02/16/2022: Olympia, WA

At least 10 years of accounting and finance experience.

02/23/2022: Seattle, WA

Create partnerships with the other stakeholders.

01/04/2022: Phoenix, AZ

The Finance Director should have strong people skills, be a team player and be a proficient multitasker.

01/22/2022: Kingsport, TN

Step 3: View the best colleges and universities for Director of Finance.

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