Job Title: Lead Accountant – Joint Venture Accounting
Location: Houston, TX
Work Arrangement: Hybrid – 3 days onsite per week
Employment Type: 6+ months Contract, with a possibility of extension
Job Overview
We are seeking an experienced Lead Accountant – Joint Venture Accounting to oversee and manage financial accounting activities related to joint venture (JV) operations. This role will be responsible for ensuring accurate financial reporting, budgeting, cash management, regulatory compliance, and effective coordination with internal and external stakeholders.
The ideal candidate will have strong experience in joint venture accounting, financial statement preparation, general ledger activities, budgeting, account reconciliations, and regulatory reporting. This individual will serve as a key financial point of contact for joint venture partners, management, auditors, and cross-functional teams while ensuring compliance with applicable financial agreements, SOX controls, and regulatory requirements.
Key Responsibilities
- Prepare and review monthly financial statements and supporting schedules for internal management and joint venture partners.
- Prepare, review, and approve monthly journal entries, including joint venture billings.
- Conduct financial research and analysis to address ad hoc requests and inquiries from joint venture partners.
- Collaborate with cross-functional teams, including Business Development, Treasury, Financial Reporting, FP&A, Legal, Tax, and Regulatory departments.
- Develop and prepare annual budgets for internal management and individual joint ventures.
- Coordinate cash calls, cash distributions, and other cash management activities with joint venture partners.
- Prepare and review quarterly and annual FERC Form 3 and FERC Form 2 regulatory reports.
- Perform and review account reconciliations and monthly actual-versus-budget variance analysis.
- Coordinate with internal and external auditors during quarterly and year-end audits, including responding to audit inquiries and providing supporting documentation.
- Ensure compliance with SOX controls, financial policies, and related reporting requirements.
- Monitor compliance with financial terms of joint venture agreements and identify opportunities to improve financial performance and cost recovery.
- Provide guidance, support, and direction to accounting analysts as needed.
- Develop and recommend solutions to financial and accounting issues, presenting actionable recommendations to senior management and joint venture stakeholders.
- Participate in special projects and other accounting-related assignments as required.
Required Qualifications
- Bachelor's degree in Accounting or a related field.
- Minimum of 6+ years of relevant accounting experience.
- Strong understanding of general accounting principles, financial reporting, budgeting, and account reconciliations.
- Experience with joint venture accounting, partnership accounting, or complex financial arrangements.
- Knowledge of journal entries, financial statements, cash management, and variance analysis.
- Experience with regulatory reporting, preferably FERC Form 2 and Form 3.
- Familiarity with SOX compliance, internal controls, and financial audit processes.
- Strong analytical, organizational, and problem-solving skills.
- Excellent verbal and written communication skills, with the ability to interact effectively across all levels of an organization.
- Ability to manage multiple priorities, work independently, and meet reporting deadlines.
Preferred Qualifications
- CPA certification preferred but not required.
- Experience working with joint venture partners and managing financial reporting requirements.
- Background in the energy, utilities, or pipeline industry.
- Experience coordinating quarterly and annual audits and supporting regulatory filings.
- Ability to provide technical accounting guidance and mentor junior accounting professionals.
- Joint Venture Accounting
- General Ledger (GL) Accounting
- Annual Budgeting & Forecasting
- Cash Calls & Cash Distributions
- FERC Regulatory Reporting (Form 2 & Form 3)
- Account Reconciliations
- Actual vs. Budget Variance Analysis
- SOX Compliance & Internal Controls
- Financial Audits & Audit Coordination
- Partnership Accounting
- Cost Recovery & Financial Optimization
- Stakeholder & Partner Relationship Management
- Team Guidance & Mentoring
Ideal Candidate: A seasoned accounting professional with 6+ years of experience, strong joint venture or partnership accounting knowledge, and the ability to independently manage financial reporting, budgeting, regulatory compliance, and partner relationships.