Manager, Operational Accounting
Discovery Natural Resources LLC is a domestic, onshore exploration and production company with over 1,000 wells in operation in Texas.
The Manager of Operational Accounting is primarily responsible for managing accounting related to operating and capital expenditures including the evaluation of well and area capital allocations and related joint interest billing (JIB) processing in addition to joint venture and non-operated accounting. As part of this, the Manager of Operations will administer the Company’s Authorization for Expenditure (AFE) system and monitor related processes and oversee the well equipment inventory accounting. The Manager of Operational Accounting will have regular communications with the field operations, accounting personnel and personnel from other functional areas. Strong technical systems knowledge and application skills are essential. This role will also document accounting and related invoice coding procedures, provide accounting support/system inquiries from accounting and other functional area personnel and assist Accounting, Operations, and other field personnel as needed.
Primary Responsibilities
- Prepare/review monthly capital and operating expense accruals.
- Review the reconciliation general ledger accounts including effectively analyzing and summarizing account information and approving related journal entries.
- Oversee accounting records of all well equipment material movements and inventory tracking.
- Setup, maintain, and monitor AFEs in both accounting system and AFE workflow system.
- Manage the JIB and joint venture allocations and related operations accounting processes.
- Manage joint venture processes
- Manage end to end non operations activity.
- Direct accounts payable as it relates to operational invoice coding
- Effectively communicate with operations personnel to keep informed of operational activity.
- Provide ad hoc operational cost analysis based on business needs.
- Design, implement and maintain various spreadsheets/databases for tracking and reporting purposes.
- Assist with year-end, internal and Joint-Venture audits.
- Document accounting and process procedures.
Education and Experience
- Bachelor’s degree – preferred in Accounting, Finance or other relevant areas
- Minimum 8 years of experience – preferred in the Oil & Gas industry required
- Experience Oil & Gas related operational accounting and understanding of COPAS strongly preferred
- Experience in Bolo and OpenInvoice strongly preferred
Skills and Knowledge
- Commitment to Discovery Natural Resources expectations and core values
- Advanced technical skill using, maintaining and enhancing the accounting system and other integrated systems
- Moderate to advanced Excel skills (Pivot tables, advanced formulas, data analysis)
- Ability to compile data and generate reports/schedules from one or multiple databases
- Strong general accounting knowledge which requires a thorough understanding of bookkeeping procedures, accrual based accounting and related financial reports
- Strong attention to detail, organizational skills, and ability to meet deadlines
- Ability to reconcile and analyze complex general ledger accounts
- Ability to verify mathematical accuracy and completeness of documents
- Strong verbal and written communication skills
Compensation and Benefits
- Estimated pay range: $145,000 – $165,000 (depending upon experience of the successful candidate)
- Eligible for short- and long-term incentives
- Medical, dental and vision insurance
- Short and long-term disability coverage
- Basic life and AD&D insurance
- 401(k) with company match
- Paid vacation and sick time
- Hybrid work from home schedule available
- 9/80 work schedule
*Frequently sit for extended periods of time. Regularly view a computer screen for extended periods of time. Regularly type on a keyboard and/or perform data entry continuously. Occasionally may be required to reach, squat, bend and lift up to 10 lbs (files or documents). May also require occasional lifting of heavy objects (30+ lbs).