Senior Operational Accountant

Discovery Natural Resources LLC is a domestic, onshore exploration and production company with over 1,000 wells in operation in Texas.

The Senior Operational Accountant ensures correct well cost accounting including month end allocations, overhead, property tax, and insurance.  S/he will have primary responsibility for managing the Company’s Authorization for Expenditure (AFE) process, including administering the AFE workflow system, creating new AFEs in the accounting system and completing all required monitoring controls associated with the AFE program. Additionally, s/he will setup and maintain the Asset Tracking module in the Company accounting system including fixed asset and well equipment inventory accounting.  S/he will be responsible for supporting the analytical program to evaluate well and area capital and operating expense allocations, as well as reviewing field G&A coding. The Senior Operational Accountant processes Company field employee billing while maintaining effective communication with operations, accounting personnel and personnel from other functional areas.  Strong technical systems knowledge and application skills are essential. S/he documents accounting and administrative procedures, provides accounting support/system inquiries from accounting and other functional area personnel and assists Accounting, Operations and other field personnel as needed.

Primary Responsibilities

• Reconcile general ledger accounts including effectively analyzing and summarizing account information.
• Prepare monthly capital and operating expense accruals.
• Maintain accurate accounting records of all materials movements and inventory.
• Setup, maintain and monitor AFEs in both accounting system and AFE workflow system.
• Effectively communicate with operations personnel to keep informed of operational activity.
• Perform coding reviews and manage necessary corrections.
• Provide ad hoc operational cost analysis based on business needs.
• Calculate and charge appropriate overhead in accordance with joint operating agreements.
• Design, implement and maintain various spreadsheets/databases for tracking and reporting purposes.
• Process and reconcile non operated joint interest billing.
• Assist with year-end, internal and Joint-Venture audits.
• Fixed asset processing and reporting including maintenance of system fixed asset module.
• Perform complex coding and allocation of costs for well related accounting.
• Document accounting and process procedures.

Education and Experience

• Bachelor’s degree in Accounting, Finance or other relevant areas required
• Minimum 6 years of related experience
• Oil & gas experience preferred
• Experience Oil & Gas related operational accounting and understanding of COPAS 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
• Advanced Excel spreadsheet skills
• 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
• Preferred experience with Bolo accounting system
• Preferred experience with Power BI
• 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: $96,000 – $130,000 (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).