Accounting Associate - Oil and Gas

Whitley Penn; Dallas (TX); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Health insurance

Dental and vision insurance

Paid holidays

PTO 20 days

Job summary

Whitley Penn, a leader in audit, tax, and advisory, seeks an Associate in Dallas to support Oil & Gas accounting tasks within outsourced functions and special projects. The role emphasizes understanding GAAP/GAAS and applying knowledge under supervision, with duties in accounts payable/receivable, monthly cycles, and financial statement prep.

You will learn engagement processes, client communication, and budgeting connections while contributing to a fast-growing firm that values ownership,

Qualifications

• 2-4 years of experience in Oil & Gas accounting and analysis, demonstrating progression in complexity and scope.
• BA or Master’s in accounting or financial management.
• CPA or CPA eligibility preferred.
• Basic knowledge of GAAP and GAAS, specifically related to Oil & Gas accounting.
• Familiarity with industry calculations like ARO, Depletion, Impairment.
• Proficiency in Microsoft Excel.
• Proficiency in WolfePak and/or Ogsys accounting software.
• Positive attitude and professional appearance.
• Excellent analytical and problem-solving skills.
• Strong work ethic, time management, and ability to meet deadlines.

Responsibilities

• Participate in client engagements to develop understanding of engagement processes and gain real-world accounting knowledge.
• Monitor accounts payable and accounts receivable.
• Prepare daily receipts, monthly revenue intake sheets, spreadsheets and inter-company reports.
• Monitor and ensure monthly transactions are recorded accurately.
• Participate in monthly, quarterly and yearly accounting cycles and prepare monthly financial statements.
• Coordinate JIB, revenue and other monthly accounting processes.
• Perform monthly revenue tasks and reconciliations related to deferred revenue accounts.
• Support external audit activities.
• Identify, measure and analyze data.
• Learn to communicate with clients to build trust-based relationships and gather information.
• Understand how engagement budgets connect to firm financial results and manage personal billable hours.

Skills

Oil & Gas accounting

Microsoft Excel

Analytical skills

Communication skills

Time management

Education

BA or Master’s in accounting or financial management

CPA eligibility preferred

Tools

WolfePak

Ogsys

Job description

Whitley Penn, one of the nation’s leading audit, tax, and advisory firms, is looking for an Associate to join our team!

The Associate is expected to demonstrate a basic knowledge of Generally Accepted Accounting Principles specifically related to Oil & Gas Accounting, with the ability to appropriately apply them to conduct outsourced accounting functions and special projects, under the supervision of various professionals. Assignments may include, but are not limited to, monitoring accounts payable and receivable, participating in monthly, quarterly and yearly accounting cycles, preparing monthly financial statements, and conducting monthly revenue-related tasks. Performance is evaluated based on the quality of work, application of accounting knowledge, and ability to meet specified time constraints and deadlines.

Whitley Penn has become one of the fastest growing public accounting firms by providing exceptional, personalized service that reaches far beyond traditional accounting. In addition to Audit and Tax solutions, we offer a wide range of Advisory and Consulting services. We work in collaborative teams with an emphasis on an open-door policy, entrepreneurial thinking, and a well-built culture. At Whitley Penn, we learn, innovate, and achieve by sharing knowledge, embracing new ideas, and working together. We’re looking for professionals who think like owners and want to be part of shaping a high-growth firm.

Position Details

Classification: Full-time; Exempt

Department: Energy Accounting and Consulting

Location: Dallas

Office Expectations/Hours: In-Office

What You Will Do

• Participate in client engagements where you will develop an understanding of the entire engagement process and gain real-world accounting and business knowledge
• Monitor accounts payable and accounts receivable
• Prepare daily receipts, monthly revenue intake sheets, spreadsheets files and inter-company reports
• Monitor and ensure that all monthly transactions are accurately recorded
• Participate in monthly, quarterly and yearly accounting cycles and prepare monthly financial statements
• Coordinate JIB, revenue and other monthly accounting processes
• Perform monthly revenue related tasks and analysis, including monthly revenue close process and reconciliations related to deferred revenue accounts
• Support external audit activities
• Identify, measure and analyze data
• Learn to communicate and proactively work with clients to build trust-based relationships and gather information needed to conduct assignments in an organized and efficient way
• Learn how engagement budgets connect to firm financial results and how to manage your personal billable hours to engagement budgets
• Develop knowledge of the firm, including its professional capabilities
• Participate in community organizations/events through volunteer and networking opportunities
• Participate in professional development and training sessions throughout the year
• Participate in the firm’s annual performance management and goal setting process

What You Need To Get Here

• 2-4 years of experience in Oil & Gas accounting and analysis, demonstrating a progression in complexity, scope and number of engagement assignments.
• BA or Master’s in accounting or financial management.
• CPA or CPA eligibility preferred
• Basic knowledge of Generally Accepted Accounting Principles and Generally Accepted Auditing Standards, specifically related to Oil & Gas Accounting
• Familiarity with ARO, Depletion, Impairment and other industry specific calculations
• Proficiency in Microsoft Office Excel
• Proficiency in WolfePak and/or Ogsys accounting software
• A positive attitude
• A professional appearance and demeanor
• An eagerness to learn and acquire new skills and knowledge
• Excellent analytical and problem-solving skills
• A strong work ethic, strong time management skills and the ability to meet deadlines in a fast-paced environment; responsible and self-motivated
• Organizational skills and ability to multi-task
• Strong communication skills, both orally and in writing
• Ability to work respectfully and productively with diverse individuals in a variety of roles

Why Whitley Penn

Benefits

Our total rewards are incredibly competitive. We work hard and recharge so that we can be our best selves for our clients. Explore some of our benefits below:

• Firm Paid Medical Insurance (Free Employee Only Coverage on 2 of 3 plans)
• Voluntary Dental and Vision Insurance
• 17 Annual Firm holidays, with extended breaks around July 4th and year end
• 20 days PTO
• Paid Maternity and Parental Leave
• 401(k) with Profit Sharing
• Discretionary Bonus Program
• Firm Paid Becker CPA Review Course & Reimbursement for Exam Fees
• Health & Wellness Program
• Pet Insurance

Whitley Penn is proud to be an equal opportunity workplace. We recruit, employ, train, compensate, and promote without regard to age, race, creed, gender, color, religion, national origin, sexual orientation, gender identity, veteran status, disability or any other basis protected by applicable federal, state, or local law. Whitley Penn is a participant in E-Verify please follow the link to review disclosure notifications: https://www.dropbox.com/s/olsr5xgsgxsntu3/E-Verify%20Notices.pdf?dl=0. All employment is decided on the basis of qualifications, merit, and business need.