Bookkeeper (Upstream Oil and Gas)

Lake Highlands Consulting; Fort Worth (TX); Presencial; USD 65.000 - 90.000; Jornada completa

Descripción de la vacante

Lake Highlands Consulting is seeking an experienced accounting professional in Fort Worth, TX to support upstream oil and gas operations. The role focuses on accounts payable, revenue processing, and JIB activities, requiring coordination with vendors and internal teams.

The ideal candidate has 3+ years of relevant accounting experience, a Bachelor’s degree in Accounting, and familiarity with ODA or WolfePak. Strong GAAP knowledge and analytical skills are essential for accurate monthly closes.

Formación

• 3+ years of accounting experience in the upstream oil and gas industry.
• Bachelor’s Degree in Accounting is required.
• Knowledge of Oil and Gas accounting, operations and terminology.

Responsabilidades

• Process invoices and prepare payments so vendors are paid timely and accurately.
• Code, enter and post all invoices for drilling, completions, lease operating and G&A.
• Maintain monthly reconciliations for general ledger AP accounts per GAAP.
• Prepare journal entries for monthly close with supporting docs.
• Aid in 1099 maintenance and reporting.
• Maintain accounts receivable records and monitor aged balances.
• Oversee lease and broker payment processing and weekly disbursements.
• Analyze bank activity and perform reconciliations.
• Support month-end, quarter-end and year-end closes.

Conocimientos

Accounting experience

Upstream oil&gas knowledge

GAAP understanding

Educación

Bachelor's Degree in Accounting

Herramientas

ODA

WolfePak

QuickBooks Online

OpenInvoice

Descripción del empleo

This position is related to upstream operated and non-operated oil and gas assets. The position requires effective coordination with internal teams and external partners.

• Process invoices and prepare payments so vendors are paid timely and accurately; process payments via check and ACH weekly
• Accurately code, enter and post all invoices for drilling, completions, lease operating and G&A expenses
• Ensure delegation of authority matrix is followed throughout accounts payable process
• Set up new vendors and maintain W-9 information as needed for service vendors
• Serve as point of contact for all vendors to ensure timely payments and good vendor communications
• Maintain monthly account reconciliations for general ledger AP accounts in accordance with GAAP; make corrections as necessary
• Prepare journal entries as part of the monthly close reconciliation process; include appropriate supporting documentation; input entries into the accounting system
• Aid in the 1099 maintenance and reporting process
• Receive checks/payments; post checks/payments to ODA; and prepare deposit slips so money is deposited into appropriate account timely
• Maintain accounts receivable invoice record and monitor aged receivables for unpaid balances
• Maintain accounting ledgers by posting cash transactions on a daily basis
• Sort incoming mail and distribute to Accounting team daily
• Oversee lease and broker payment processing, including entry and review of weekly disbursements in ODA
• Analyze bank accounts’ activity monthly and perform bank account reconciliations
• Scan and save documentation of ad valorem taxes according to established recordkeeping procedures
• Scan, file, and copy invoices, checks and documents according to established recordkeeping procedures
• Support month-end, quarter-end and year-end processes by analyzing accounts to ensure that entries and balances are correct
• Perform balance sheet account reconciliations for accounts receivable, accounts payable and prepaids; confirm the reasonableness as it relates to financials
• Maintain and reconcile lease schedules to land records to ensure accuracy of ownership and payment obligations
• Maintain detailed support for all balance sheet accounts
• Compile and analyze data and generate reports as needed
• Create and maintain various spreadsheets and databases for tracking and reporting purposes
• Contribute to automation, process improvement, and efficiency initiatives

Revenue Functions:

• Process non-operated revenue on a monthly basis
• Accurately setup and maintain non-operated properties in accounting system as properties are acquired and sold
• Analyze and input revenue into accounting system timely so that the system is always up-to-date; identify and resolve variances
• Prepare and analyze monthly revenue accruals, ensure timely and accurate reconciliation to actual results
• Maintain fixed asset and oil and gas property accounting records
• Review operational reports, including LOS and property reports

JIB Functions:

• Receive and analyze joint interest billing invoices for monthly expenses of working interest of oil and gas properties; determine codes for invoices; input information for payment into accounting software for well related accounting
• Document whether or not the working interest is correct; if amount exceeds identified threshold, verify whether or not an AFE exists
• Resolve inquiries from owners and operators regarding missing payments and other issues as they arise
• Prepare and review ad valorem tax filings for payment
• Prepare and analyze monthly reports associated with the JIB process

Job Qualifications

• Minimum experience requirements: 3+ years of accounting experience in the upstream oil and gas industry
• Minimum education experience: Bachelor’s Degree in Accounting is required
• Demonstrated knowledge of Oil and Gas accounting, operations and terminology
• Proficiency in ODA, WolfePak, QuickBooks Online and OpenInvoice accounting software is desired
• Understand general ledger chart of accounts and general accounting principles