Property Accountant II

The Talance Group; Georgia; On-site; USD 70,000 - 100,000; Full time

Job summary

The Talance Group is seeking a Property Accountant to perform routine property accounting tasks, record capital activity, and assist with asset analysis, focusing on oil and gas assets. You will prepare work papers, record acquisitions and divestitures, support audits, and contribute to FERC filings.

Proficiency in Microsoft Office is required; SAP experience preferred. Bachelor's degree in accounting and at least three years of accounting experience, including one year in property accounting,

Qualifications

• Three years of accounting experience with at least one year in property accounting.
• Experience identifying and analyzing accounting and financial reporting questions.
• Ability to communicate complex financial information clearly and concisely.

Responsibilities

• Assists in preparation of schedules, journal entries, and analysis for depreciation, asset retirement obligations, and asset impairments of pipelines, storage, gas processing facilities and gathering systems.
• Prepares work papers to support the company’s financial statements.
• Records acquisitions and divestitures in ledgers and consolidation worksheets; records opening PPC balances and purchase price adjustments.
• Assists with audits of annual financial statements.
• Researches and prepares journal entries related to inventory.
• Supports monthly, quarterly, and annual accounting processes.
• Contributes to timely FERC accounting and reporting.
• Monitors AFEs to ensure assets are created timely.

Skills

Accounting

Property accounting

Financial analysis

Journal entries

Communication

Teamwork

OfficeSuite

Education

Bachelor's degree in accounting

Tools

SAP

Microsoft Office

Excel

Word

PowerPoint

Outlook

Job description

Job Objective

Performs routine property accounting tasks including recording capital activity, assisting with asset analysis, and supporting acquisition and divestiture processes.

Essential Job Responsibilities

• Assists in preparation of schedules, journal entries, and analysis for each of the following aspects of property accounting:
  • Depreciation of pipelines, storage facilities, gas processing facilities and gathering systems, and corporate fixed assets; and
  • Asset retirement obligations associated with pipelines, storage facilities, gas processing facilities and gathering systems; and
  • Impairment of pipelines, storage facilities, gas processing facilities and gathering systems.
• Preparation of work papers to support the company’s financial statements.
• Assist in preparation of schedules, journal entries, and analysis for the following aspects of acquisition and divestiture accounting:
  • Record accounting related to acquisitions and divestitures accurately and timely in the Company’s ledgers and consolidated financial statements; and
  • Record opening PPC balances and purchase price adjustments related to business combinations.
• Assist with the audits of the annual financial statements.
• Research and prepare journal entries related to inventory.
• Assists Corporate Accounting team with monthly, quarterly, and annual accounting, as needed.
• Contributes to team effort by accomplishing related results, as needed.
• Assist with FERC accounting and reporting and schedules to support FERC Filings.
• Monitor and complete AFEs in a timely manner to ensure all Assets created.

Other Job Responsibilities

• Demonstrate commitment to company core values — Integrity, Ownership, Urgency, Alignment, and Innovation — in all daily responsibilities and interactions.
• Actively support and contribute to the company’s mission and vision through reliable, high-quality work

Qualifications

• Three years of accounting experience required with a minimum of one (1) year of property accounting experience, preferably in the oil and gas industry.
• Ability to identify and analyze accounting and financial reporting questions and develop solutions responsive to those questions.
• Ability to establish and maintain effective working relationships with employees, supervisors, other departments, officials, and the public.
• Ability to complete multiple, diverse tasks of differing priorities.
• Excellent written and verbal communication skills, with specific ability to translate complex financial information into an organized and presentable manner.
• Outstanding administrative and organizational skills.
• Proficiency in the use and application of the following software:
  • Required: Microsoft Office (Excel, Word, PowerPoint, and Outlook).
• Preferred: Strong working knowledge of SAP

Education Requirements, Certifications, Licenses, and Registrations

• Bachelor’s Degree from an accredited four-year university or college with a concentration in accounting required.