What are the responsibilities and job description for the Revenue Accountant position at FOURPOINT ENERGY LLC?
Maintains accurate records of all revenue transactions. Processes proceeds, prepares regular reports for management, and investigates and reconciles records.
Essential Duties and Responsibilities
- Coordinate and support all monthly regulatory filings and payments – ONRR, Tribal, BIA and all production taxes.
- Perform allocation of wellhead sales to working interest owners as appropriate for both current month and all PPA’s.
- Accurately ensure revenue accounts receivable is offset against cash receipts after revenue has been booked.
- Establish revenue agreements and shipper contracts within the accounting system to properly account for marketing arrangements, gathering systems, severance taxes, price postings and product flow.
- Prepare revenue related variance analysis on a monthly and quarterly basis.
- Coordinate with the field and Marketing to ensure volumes and pricing are correct.
- Calculate and record monthly revenue accrual entries.
- Coordinate monthly revenue payment run.
- Calculate pipeline inventories and imbalances. Prepare ledger entries and process sales adjustments as necessary to reflect the effect of inventory on sales and income.
- Research, reconcile and resolve outstanding accounts receivable.
- Prepare monthly account reconciliations as assigned.
- Manage suspense balance in coordination with land administration team.
- Maintain payout balances and ensure necessary prior period adjustments are booked timely.
- Prepare revenue source documentation for audit requests.
- Serve as a key contact for owner inquiries and provide prompt and accurate responses.
- Maintain accurate inventory accounting for oil volumes located at oil terminal and in rail cars.
- Process all owner voids and re-issues.
- Perform all other duties as assigned.
Education, Skills and Experience Required
- Bachelor’s degree in a business-related or accounting discipline preferred.
- Minimum of 3 years revenue related oil and gas experience.
- Microsoft Excel skills and proficiency in the use of oil and gas accounting software.
- Working knowledge of Enertia is a plus.
- Experience with tribal/federal lands and Utah is a plus.
- Must have experience and knowledge in the following areas:
- Oil and gas revenue distributions
- Oil and gas division of interest and ownership
- Generally accepted accounting principles
- Oil and gas contracts
- Account reconciliation
- Collection of receivables
- Must be able to accomplish several assignments concurrently, efficiently managing a heavy workload, and effectively working with people at several different levels in the organization.
Physical Requirements
- Sitting, visual and mental acuity, manual dexterity, hearing, speaking.
- Ability to work at computer for long periods of time.
Environmental Conditions
- Works indoors in office environment.
Compensation and Benefits
- $80,000 - $143,000 annual salary based on candidate experience
- Eligible for annual incentive compensation
- Paid Time Off
- Medical, dental and vision benefits
- 401(k) with company match
FourPoint Energy, LLC reserves the right to modify, interpret, or apply this job description in any way the company desires. This job description in no way implies that these are the only duties, including essential duties, to be performed by the employee occupying this position. This job description is not an employment contract, implied or otherwise. The employment relationship remains "at-will." The aforementioned job requirements are subject to change to reasonably accommodate qualified disabled individuals.
Salary : $80,000 - $143,000