Assistant Controller - Production, Revenue and Regulatory/Compliance Accounting

Flywheel Energy, LLC; Oklahoma City (OK); On-site; USD 120,000 - 180,000; Full time

Job summary

Flywheel Energy, LLC seeks an Assistant Controller to oversee upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting, partnering with Operations, Land, Marketing/Midstream and Finance to enhance accuracy, efficiency, and compliance.

The ideal candidate brings strong technical accounting expertise, energy industry experience, and a track record of mentoring teams while driving automation and improved financial reporting.

Responsibilities

• Direct Revenue, Production & Regulatory Accounting by supporting the respective functional leaders, establishing priorities, accountability, performance expectations and development plans.
• Oversee accurate well-level production, allocations, measurement, inventory, fuel/flare/use, gathering statements, and reconciliation from field measurement through revenue volumes.
• Oversee operated and non-operated revenue accounting, purchaser statements, suspense, escheatment considerations and owner payments.
• Oversee timely and accurate production, severance tax, royalty and other required filings with state and federal agencies, including ONRR/BIA obligations, where applicable.
• Maintain effective internal controls over production, revenue and regulatory processes.
• Serve as an accounting liaison between Operations, Land, Marketing/Midstream, Measurement, Engineering, Tax and Finance.
• Ensure revenue-related AR, accrued revenue, royalties payable, production/severance taxes, suspense and other assigned accounts are reconciled.
• Oversee the standardization of processes across basins/acquisitions, reduce manual work, improve data interfaces and reporting, establish and measure KPIs, and identify automation opportunities.
• Drive timely completion of the monthly close cycle, including the review and approval of journal entries, accruals, and account reconciliations.
• Support the Operations Controller in mentoring, developing, and leading a high-performing accounting team while fostering a collaborative and accountable culture.
• Oversee full-cycle upstream accounting activities, including revenue, joint interest billing (JIB), accounts payable, production accounting, and financial reporting coordination.
• Manage and support month-end, quarter-end, and year-end close processes, ensuring timely, accurate, and complete financial reporting.
• Review and approve journal entries, account reconciliations, and financial close deliverables.; perform variance analysis against budget, forecast, and prior periods.
• Assist with the preparation, review, and coordination of annual audited financial statements and supporting schedules, ensuring compliance with GAAP and internal controls.
• Serve as a primary point of contact for external auditors, tax advisors, and third-party service providers.
• Partner cross-functionally with Operations, Land, Revenue, FP&A, and other business teams to ensure accurate financial representation of business activities and performance.
• Identify, assess, and implement process improvements, system enhancements, and special projects to improve efficiency, controls, and data quality.
• Leverage accounting systems, reporting tools, and automation to streamline workflows and improve business insights.

Job description

Job Summary

The Assistant Controller is a key leadership role responsible for overseeing upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting activities. This role requires a strong technical accounting foundation, deep industry accounting expertise, and the ability to partner closely with Operations, Land, Marketing/Midstream, and Finance. The ideal candidate enjoys managing complex accounting processes, developing talent, leveraging technology, and driving continuous improvement to enhance financial accuracy, efficiency, and compliance.

Job Summary

The Assistant Controller is a key leadership role responsible for overseeing upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting activities. This role requires a strong technical accounting foundation, deep industry accounting expertise, and the ability to partner closely with Operations, Land, Marketing/Midstream, and Finance. The ideal candidate enjoys managing complex accounting processes, developing talent, leveraging technology, and driving continuous improvement to enhance financial accuracy, efficiency, and compliance.

Key Responsibilities

• Direct Revenue, Production & Regulatory Accounting by supporting the respective functional leaders, establishing priorities, accountability, performance expectations and development plans.
• Oversee accurate well-level production, allocations, measurement, inventory, fuel/flare/use, gathering statements, and reconciliation from field measurement through revenue volumes. Ensure the resolution of volume imbalances and discrepancies.
• Oversee operated and non-operated revenue accounting, purchaser statements, suspense, escheatment considerations and owner payments.
• Oversee timely and accurate production, severance tax, royalty and other required filings with state and federal agencies, including ONRR/BIA obligations, where applicable.
• Maintain effective internal controls over production, revenue and regulatory processes.
• Serve as an accounting liaison between Operations, Land, Marketing/Midstream, Measurement, Engineering, Tax and Finance.
• Ensure revenue-related AR, accrued revenue, royalties payable, production/severance taxes, suspense and other assigned accounts are reconciled.
• Oversee the standardization of processes across basins/acquisitions, reduce manual work, improve data interfaces and reporting, establish and measure KPIs, and identify automation opportunities.
• Drive timely completion of the monthly close cycle, including the review and approval of journal entries, accruals, and account reconciliations.
• Support the Operations Controller in mentoring, developing, and leading a high-performing accounting team while fostering a collaborative and accountable culture.
• Oversee full-cycle upstream accounting activities, including revenue, joint interest billing (JIB), accounts payable, production accounting, and financial reporting coordination.
• Manage and support month-end, quarter-end, and year-end close processes, ensuring timely, accurate, and complete financial reporting.
• Review and approve journal entries, account reconciliations, and financial close deliverables.; perform variance analysis against budget, forecast, and prior periods.
• Assist with the preparation, review, and coordination of annual audited financial statements and supporting schedules, ensuring compliance with GAAP and internal controls.
• Serve as a primary point of contact for external auditors, tax advisors, and third-party service providers.
• Partner cross-functionally with Operations, Land, Revenue, FP&A, and other business teams to ensure accurate financial representation of business activities and performance.
• Identify, assess, and implement process improvements, system enhancements, and special projects to improve efficiency, controls, and data quality.
• Leverage accounting systems, reporting tools, and automation to streamline workflows and improve business insights.