What are the responsibilities and job description for the Revenue Accountant, Oil and Gas (95K-110K+Bonus) position at LHH?
Revenue Accountant (Salary Range: 95K-110K 10%-20% Bonus)
We are seeking a Revenue Accountant for a respected client in the upstream oil and gas industry located in Fort Worth. This role is responsible for managing and executing all aspects of revenue accounting related to operated and non-operated oil and gas assets, ensuring accurate and timely reporting in compliance with company and industry standards.
In addition to having at least five years of upstream oil and gas revenue accounting experience, the ideal candidate will demonstrate strong analytical and problem-solving skills, possess advanced Excel proficiency, and preferably have experience with WolfePak accounting software. The right professional will be detail-oriented, organized, and able to collaborate effectively with multidisciplinary teams. If you are seeking to join a dynamic company that offers room for growth, stability, and excellent work/life balance, apply today.
Responsibilities
- Process monthly operated and non-operated revenue in accordance with company policies and procedures.
- Maintain and update accounting records for property acquisitions, disposals, transfers, and sales.
- Prepare and analyze monthly revenue accruals, ensuring timely and accurate reconciliation to actual results.
- Calculate and distribute royalty payments, ensuring accuracy and compliance with state and federal regulations.
- Review production volume reports to verify allocations and create appropriate revenue entries.
- Prepare and submit severance tax, royalty, and production reports to the State of Texas and federal agencies.
- Manage suspended royalty accounts and prepare journal entries to clear outstanding balances.
- Assist with entering production data and run ticket amounts into WolfePak.
- Respond promptly to owner inquiries regarding revenue payments and resolve discrepancies.
- Support the revenue manager and team with special projects and ad hoc analyses as needed.
Client Requirements
- Minimum of five (5) years of experience in upstream oil and gas revenue accounting.
- High school diploma required; bachelor’s degree in accounting, finance, or a related field preferred.
- Proficient understanding of oil and gas accounting principles, operations, and terminology.
- Strong Excel skills, with the ability to perform complex data analysis and reporting.
- Experience with WolfePak accounting software preferred.
- Exceptional attention to detail, organization, and ability to meet deadlines.
- Effective written and verbal communication skills for cross-functional collaboration.
- Self-motivated and adaptable professional who thrives in a team-oriented environment.
- Intermediate proficiency in Microsoft Office applications and familiarity with standard office equipment.
If you are interested in this job or other Accounting and Finance career opportunities from LHH Recruitment Solutions please email Rami Muhanna at rami.muhanna@lhh.com or visit our website at www.lhh.com