Assistant Controller - Production, Revenue and Regulatory/Compliance Accounting

Flywheel Energy; Oklahoma City (OK); On-site; USD 130,000 - 190,000; Full time

Job summary

Flywheel Energy in Oklahoma City seeks an Assistant Controller to lead upstream accounting activities including production, revenue and regulatory/compliance accounting. This role partners with Operations, Land, Marketing/Midstream and Finance to drive accuracy, efficiency and compliance.

The ideal candidate has a strong technical accounting foundation, industry expertise, and a track record of building talent and improving processes within a fast-paced energy environment.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 8+ years of progressive accounting experience with leadership responsibilities.
• Strong experience in upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting.
• Solid understanding of GAAP, internal controls, and financial reporting requirements.

Responsibilities

• Direct Revenue, Production & Regulatory Accounting
• Oversee production, allocations, measurement, inventory and revenue reconciliation
• Manage revenue accounting, purchaser statements, and owner payments
• Oversee filings with state and federal agencies (ONRR/BIA)
• Maintain internal controls over production, revenue and regulatory processes
• Serve as liaison between Operations, Land, Marketing/Midstream, and Finance
• Ensure AR, accrued revenue, royalties payable and other accounts are reconciled
• Drive monthly close, journal entries, accruals and reconciliations
• Support audit activities and external auditors

Skills

Leadership in accounting

GAAP knowledge

Analytical thinking

Education

Bachelor's degree in Accounting or Finance

Tools

Excel advanced

ERP systems

Production accounting systems

SQL

Job description

Job Details

Job Location: Oklahoma City Office - Oklahoma City, OK 73102

Position Type: Full Time

Education Level: 4 Year Degree

Travel Percentage: None

Job Shift: Day

Job Category: Accounting

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.

Qualifications Required Qualifications

• Bachelor's degree in Accounting or Finance.
• 8+ years of progressive accounting experience, including leadership or supervisory responsibilities.
• Strong experience in upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting.
• Solid understanding of GAAP, internal controls, and financial reporting requirements.
• Proven ability to manage competing priorities in a fast-paced environment.
• Strong analytical, problem-solving, and attention-to-detail skills.
• Effective communicator with the ability to collaborate across multiple functions and levels of the organization.
• Proficiency in Microsoft Office 365, particularly Excel (pivot tables, lookups, logical formulas, and large data sets).

Preferred Qualifications

• CPA designation.
• Experience supporting multi-entity accounting structures.
• Familiarity with accounting and reporting systems commonly used in oil and gas operations (e.g., ERP and production accounting systems).
• Experience with data analysis tools, reporting automation, or SQL.