Revenue Compliance Lead

Permian Resources Corporation; Midland (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Permian Resources is seeking a Revenue Compliance Lead to oversee timely processing, filing and payment of state and federal royalties and taxes for Texas and New Mexico, with emphasis on accurate accounting and regulatory compliance.

The role collaborates with auditors and consultants, leads state audits when needed, maintains SOX controls, and supports monthly close, ensuring correct deductions and exemptions across jurisdictions.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business or equivalent experience.
• 4-5 years of oil and gas revenue accounting experience, with severance tax and royalty reporting preferred.
• Experience with Quorum accounting software is preferred.
• Proficiency in Excel and Word.

Responsibilities

• Process, file, and pay state and federal royalties and severance taxes.
• Stay current with TXOGA/NMOGA and communicate changes impacting the business.
• Prepare monthly account reconciliations for royalties and tax accounts.
• Lead audits with auditors and consultants, responding to findings promptly.
• Ensure compliance with SOX controls and support special projects.

Skills

Organization

Analytics

Prioritization

Data mining

Communication

Policy interpretation

Team player

Work ethic

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Quorum

Microsoft Office (Excel/Word)

Job description

Job Description

Permian Resources is currently seeking a Revenue Compliance Lead. The Revenue Compliance Lead will be responsible for timely processing, filing, and paying all state and federal royalties and taxes, as well as any amendments. The Revenue Compliance Lead may also need to work with auditors and consultants. The ideal candidate will be competent in oil and gas accounting, and a strong understanding of the requirements pertaining to oil and gas reporting in the states of Texas and New Mexico is desirable.

General responsibilities include

• Process, file, and pay all state (Texas and New Mexico) and federal royalties and amendments.
• Process, file and pay all state severance taxes and amendments in Texas and New Mexico.
• Stay current with TXOGA and NMOGA, and communicate upward any upcoming changes that may impact the business.
• Prepare monthly account reconciliations for state and federal royalties and severance tax accounts.
• Work with our severance tax consultants to ensure CDEV is obtaining all possible deductions and staying in compliance with state and federal regulations.
• Process, file and record all severance tax exemptions/deductions.
• Collaborate with land and regulatory to ensure leases are getting setup timely with the GLO, and we are filing all proper paperwork to obtain possible deductions.
• Prepare a monthly analysis of severance tax for financial close.
• Take the lead on state or federal audits by keeping the audit focused, collaborate with various departments to pull required support and provide to the auditors timely, respond to audit findings as soon as they are brought to your attention, and keep all parties informed of the audit progress.
• Ensure compliance with existing SOX controls.
• Provide support for special projects and perform other duties as assigned.

Knowledge and Skills include

• Strong organizational and analytical skills
• Perform responsibilities effectively and efficiently
• Ability to prioritize activities and meet all deadlines
• Comfortable and able to perform data mining and research
• Strong written and verbal communication skills
• Ability to interpret and apply policies, procedures, rules and regulations
• An exceptional team-player, establishing positive working relationships with others
• Strong work ethic and ability to maintain a positive/flexible attitude in a fast-paced work environment

Minimum Qualifications

• Bachelor’s degree in Accounting, Finance, Business or equivalent experience
• 4-5 years of experience in oil and gas revenue accounting, with state severance tax and federal royalty reporting preferred
• Quorum accounting software experience, preferred but not required
• Microsoft Office proficiency required (Excel and Word)

Permian Resource is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.