Lease Revenue Accountant

Mv-Purchasing,-LLC; Oklahoma City (OK); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

401(k) with 1:1 match up to 6%

Job summary

MVP Holdings is seeking a Lease Revenue Accountant to reconcile monthly crude oil volumes and pricing for statements and revenue distributions. The role includes assisting with state and federal compliance reporting and working with oil & gas software systems.

The ideal candidate has 3+ years in oil & gas accounting, strong Excel skills, and the ability to collaborate across teams. A 401(k) with a 1:1 match up to 6% is offered, with potential for up to two remote work days per week.

Qualifications

• 4-year accounting degree or equivalent experience.
• 3+ years experience in oil & gas accounting.
• Knowledge of PakEnergy (WolfePak) or similar oil and gas software.
• Strong analytical and problem-solving abilities.

Responsibilities

• Execute lease accounting and compliance processes including truck ticket reconciliations and allocations.
• Prepare balance sheet reconciliations and assist with compliance reporting (BIA, GLO, ONRR, TX RRC T-1).
• Review suspense adjustments and process voided payments.
• Assist with annual 1099 and 1042 preparation and other tax reporting.
• Support acquisitions, due diligence, audits, and data conversions.

Skills

Excel proficiency

Analytical skills

Deadline oriented

Organizational skills

Communication skills

Education

4-year accounting degree

Tools

PakEnergy (WolfePak)

Job description

About this position

MVP Holdings is a privately owned energy logistics company headquartered in Wichita, KS. MVP and its subsidiaries provide gathering, transportation, processing, storage, distribution, marketing and other midstream services to independent oil and natural gas producers, refiners of petroleum and products and other market participants located throughout the United States.

It's exciting times and our team is growing! We are looking for a Lease Revenue Accountant to join us in reconciling monthly crude oil purchased volumes and pricing verification for preparation and processing of crude oil purchase statements through revenue distribution to owners. This position will also assist with State and Federal compliance reporting.

The ideal candidate for this role will be a strong problem solver and have working knowledge and experience with crude oil run tickets, crude oil run statements and crude oil transporters. They should be able demonstrate their working knowledge of the crude oil revenue distribution process and strong reconciliation skills. Additionally, they are collaborative, working closely within the department to streamline reporting and data flow. We offer competitive benefits and our 401K has a $1:$1 match up to 6% and is fully vested immediately. While this position is expected to fulfill the full 40 hours per week, there are potential options to have autonomy to work from home up to two days per week.

Essential Functions

• Execute various lease accounting and compliance processes, including
  • Truck ticket reconciliations and uploads
  • Sub-well allocations
  • Process owner adjustments, such as reject recoveries
  • Process and distribute operator run statements
  • Reconcile volumes and pricing
  • Process distribution payments
  • Process PPA’s
  • Process early payments to operator
• Prepare balance sheet reconciliations
• Assist with various compliance reporting, including BIA, GLO, ONRR, and TX RRC T-1’s
• Review and assist with suspense adjustments and clean-up
• Process Escheat payments
• Review and process voided payments
• Collaborate with lease analysts and division order analysts to ensure efficient monthly processes
• Assist in reporting to management, corporate accounting, etc.
• Assist with annual 1099 and 1042 preparation and other tax reporting.
• Assist with acquisitions, due diligence, internal/external audits, data conversions, and other special projects as needed.
• Complete other duties and responsibilities as reasonably assigned by management.
• Improve upon current processes and challenge existing processes.

Requirements:

Knowledge, Skills, Abilities

Strong proficiency in Microsoft Office, specifically Excel.

Strong analytical and problem-solving abilities, with the ability to troubleshoot software and processing issues.

Ability to meet deadlines and produce results under tight deadlines.

Excellent organizational skills, attention to detail, and ability to perform with a high level of accuracy.

Strong verbal, written, and interpersonal communication skills to interact with team members at all levels of the organization.

Able to perform multiple tasks simultaneously and under time constraints.

Able to maintain and process confidential information discretely.

Willingness to accept constructive feedback.

Able to work effectively in a team environment.

Education, Certifications, License

4 year Accounting degree or equivalent experience.

Valid Driver’s License, preferred.

Work Experience

3+ years experience in oil & gas accounting with knowledge of industry terminology.

Past experience with oil & gas midstream company preferred.

Production and severance tax experience preferred.

Knowledge of PakEnergy (WolfePak) or similar oil and gas software.

Physical Requirements

Ability to perform simple motor skills and gross body coordination such as standing, walking, bending, stooping, filing, sitting, etc.

Ability to sit, view data, and work on a computer for prolonged periods of time.

Ability to push, pull, and lift 25 lbs occasionally.

Travel

0-5%