Property Accountant

Talos Energy; Houston (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Talos Energy is seeking a Property Accountant to manage accounting for operated and non-operated offshore properties from Houston. You will track costs, accruals, and support the financial close, ensuring accuracy across operations, land, and procurement functions.

Responsibilities include journal entries, reconciliations, and SOX compliance, with collaboration to classify costs and improve property accounting processes.

Qualifications

• 2+ years of property accounting experience at an upstream oil and gas company.
• Bachelor's degree in Accounting or Finance.

Responsibilities

• Track and reconcile tangible equipment, including material transfers, yard balances, and valuation accuracy.
• Support cash management processes, including AFE cash calls, partner billing, and related reporting.
• Assist with the calculation of Asset Retirement Obligation (ARO), including the calculation of accretion expense and application of decommissioning costs.
• Support monthly and quarterly close processes to ensure deadlines and reporting requirements are met.
• Preparing journal entries and maintaining multiple account reconciliations.
• Maintain compliance with SOX and internal control requirements, including documentation and testing support.
• Collaborate with Operations, Land, and Procurement/Supply Chain to ensure accurate cost classification, accruals, and asset tracking.
• Identify and assist implementation of process improvements to enhance efficiency and accuracy of property accounting processes.
• Support joint interest accounting processes, including cost allocations and partner billings as necessary.

Skills

Analytical skills

Attention to detail

Time management

Communication skills

Integrity

Flexible scheduling

Self-motivated

MS Office

Education

Bachelor's degree in Accounting or Finance

Tools

BOLO accounting system

Microsoft Office

Job description

The Property Accountant is responsible for executing key operational and financial accounting activities within Talos Energy's policies, procedures, and control framework. This role serves as a critical link between Operations, Land, and Accounting to ensure accurate accounting of operated and non-operated offshore properties, including cost tracking, accruals, and financial close.

Duties & Responsibilities

• Track and reconcile tangible equipment, including material transfers, yard balances, and valuation accuracy
• Support cash management processes, including AFE cash calls, partner billing, and related reporting
• Assist with the calculation of Asset Retirement Obligation (ARO), including the calculation of accretion expense and application of decommissioning costs
• Support monthly and quarterly close processes to ensure deadlines and reporting requirements are met
• Preparing journal entries and maintaining multiple account reconciliations
• Maintain compliance with SOX and internal control requirements, including documentation and testing support
• Collaborate with Operations, Land, and Procurement/Supply Chain to ensure accurate cost classification, accruals, and asset tracking
• Identify and assist implementation of process improvements to enhance efficiency and accuracy of property accounting processes
• Support joint interest accounting processes, including cost allocations and partner billings as necessary

Education & Experience

• 2+ years of property accounting experience at an upstream oil and gas company
• Bachelor's degree in Accounting or Finance

Qualifications & Skills

• Possess strong analytical skills
• Able to perform detailed work with speed and accuracy
• Able to organize and prioritize a dynamic workload involving detailed processes and time-sensitive priorities
• Understanding of upstream accounting principles, including AFE accounting, accrual processes, and operational cost tracking
• Communicates effectively, both orally in person and using a telephone and in writing
• Demonstrates integrity and sound judgement in handling ethical matters
• Willing to work extended hours as needed during month-end close, reporting deadlines, and other high-demand periods
• Self-motivated and detail-oriented
• Proficient in Microsoft Office; experience in BOLO accounting system preferred

Certificates & Licenses

• There are no certificates, licenses or registrations required for this position

Physical Requirements

• Employee must be able to sit for extended periods of time and have use of arms and hands in repetitive motion. A fair amount of standing and walking is also required for the position