Senior Accounting Associate - Oil & Gas

Whitley Penn; Houston (TX); Hybrid; USD 90,000 - 110,000; Full time

Benefits offered by this job

Firm Paid Medical Insurance

Voluntary Dental and Vision Insurance

17 Annual Firm holidays

20 days PTO

Paid Maternity and Parental Leave

401(k) with Profit Sharing

Discretionary Bonus Program

CPA Review Course & Reimbursement for

Health & Wellness Program

Pet Insurance

Job summary

Whitley Penn, a leading audit, tax, and advisory firm, seeks a Senior Accounting Associate in Houston. You will plan and execute energy accounting engagements, supervise associates, and ensure GAAP compliance for Upstream/E&P clients.

Hybrid role with in-office Mon/Tue/Thu and remote two days. Competitive benefits and growth opportunities within a high-growth firm.

Qualifications

• 3–5 years of experience in Energy accounting and analysis.
• Oil & Gas accounting knowledge specifically Upstream/E&P experience.
• BS in Accounting or MS in Accounting or Financial Management.
• CPA or CPA eligibility preferred.
• Proficiency in Microsoft Excel.
• GAAP knowledge related to Oil & Gas.
• Familiarity with ARO, Depletion, Impairment calculations.
• Proficiency in O&G accounting software OGsql, Wolfepak, Quorum On-Demand.
• Strong organizational and time-management skills.
• Excellent communication and relationship-building abilities.

Responsibilities

• Plan and execute assignments using firm policies; supervise associates.
• Delegate and review cash entries and bank reconciliations.
• Prepare mid-level journal entries for O&G activities.
• Prepare and book operated revenue with minimal oversight.
• Review monthly, quarterly, and yearly accounting cycles.
• Monitor and manage full AP cycle including Positive Pay as needed.
• Coordinate JIB, revenue, and other monthly processes.
• Prepare balance sheet reconciliations with workpapers.
• Support audits by providing required schedules.
• Address ad hoc requests from Tax Department.

Skills

Energy accounting knowledge

GAAP knowledge

Microsoft Excel

Communication skills

Time management

Problem-solving

Relationship-building

Education

BS in Accounting

MS in Accounting or Financial Management

CPA or CPA eligibility

Tools

OGsql

Wolfepak

Quorum On-Demand Accounting

Job description

Whitley Penn, one of the nation’s leading audit, tax, and advisory firms, is looking for a Senior Accounting Associate to join our team! The Senior Accounting Associate is responsible for managing, preparing, and reviewing accounting engagements for clients. Seniors must exhibit strong bookkeeping skills and proficiency in O&G accounting systems. Seniors are responsible for planning and executing engagements and special assignments, supervising, and training associates, reviewing the work of associates, and communicating with clients. Seniors are responsible for compliance with all professional and regulatory standards.

Whitley Penn has become one of the fastest growing public accounting firms by providing exceptional, personalized service that reaches far beyond traditional accounting. In addition to Audit and Tax solutions, we offer a wide range of Advisory and Consulting services. We work in collaborative teams with an emphasis on an open-door policy, entrepreneurial thinking, and a well-built culture. At Whitley Penn, we learn, innovate, and achieve by sharing knowledge, embracing new ideas, and working together. We’re looking for professionals who think like owners and want to be part of shaping a high-growth firm.

Position Details

• Classification: Full-time; Exempt
• Department: CAAS - Energy Accounting & Consulting
• Location: Houston
• Office Expectations: Hybrid; (In-office: Monday, Tuesday, Thursday) Remote 2 days

What You Will Do

• Assume full responsibility for planning and executing assignments using established firm policies and procedures, including supervising and training associates, and reviewing the work of associates
• Delegate and review cash entries and bank reconciliations
• Prepare mid-level journal entries (ARO, O&G properties depletion, other fixed assets depreciation, SWD, COPAS overhead, JIB variance, accruals, etc)
• Prepare and book operated revenue with minimal oversight
• Review and participate in monthly, quarterly, and yearly accounting cycles
• Monitor and manage full AP cycle including coding, posting of AP vouchers, coordination of check runs and completion of Positive Pay files if required
• Monitor accounts receivable and work with client team for collection of amounts due to client
• Monitor and ensure that all monthly transactions are accurately recorded
• Coordinate JIB, revenue, and other monthly accounting processes when applicable
• Prepare balance sheet account reconciliations with workpapers/schedules supporting financial statements
• Support audits by preparing required schedules per PBC list
• Address ad hoc requests as required, including requests from Tax Department
• Own end-to-end execution of assigned processes, ensuring adherence to deadlines
• Identify and resolve routine issues
• Maintain effective contact with client personnel at the appropriate levels; interact with clients in a professional and competent manner; build trust-based relationships with clients
• Proactively work with client’s management to gather necessary information and complete engagement procedures in a timely manner
• Participate in firm committees, departmental matters, learning experiences, etc. that increase your commitment and capability within the firm
• Join and participate in community or professional events and committees to develop relationships and networks in the community
• Participate in technical and professional training throughout the year
• Participate in the firm’s annual performance management and goal setting process

What You Need To Get Here

• 3-5 years of experience in Energy accounting and analysis, demonstrating a progression in complexity, and scope.
• Oil & Gas Accounting Knowledge specifically Upstream/E&P experience required
• BS in Accounting or MS in Accounting or Financial Management
• CPA or CPA eligibility preferred
• Proficiency in the use of technology and accounting programs
• Familiar with "Generally Accepted Accounting Principles (GAAP) specifically as they relate to Oil & Gas Accounting
• Familiarity with ARO, Depletion, Impairment, and other industry-specific calculations
• Proficiency in Microsoft Office Excel
• Proficiency in O&G Accounting Software preferred (OGsql, Wolfepak, Quorum On-Demand Accounting)
• A positive attitude, professional appearance, and demeanor
• Ability to research and apply theory and experience to individual circumstances
• Strong organizational and time management skills; ability to plan and execute multiple engagements and projects simultaneously
• Excellent analytical skills and problem-solving ability; exhibits creativity by expressing new ideas and "thinking outside the box"; solution-minded
• Excellent communication skills, both orally and in writing; actively listens and clearly communicates ideas and information
• Strong relationship-building capabilities; ability to work respectfully and productively with diverse individuals in a variety of roles

Why Whitley Penn

Benefits

Our total rewards are incredibly competitive. We work hard and recharge so that we can be our best selves for our clients. Explore some of our benefits below:

• Firm Paid Medical Insurance (Free Employee Only Coverage on 2 of 3 plans)
• Voluntary Dental and Vision Insurance
• 17 Annual Firm holidays, with extended breaks around July 4th and year end
• 20 days PTO
• Paid Maternity and Parental Leave
• 401(k) with Profit Sharing
• Discretionary Bonus Program
• Firm Paid Becker CPA Review Course & Reimbursement for Exam Fees
• Health & Wellness Program
• Pet Insurance

Whitley Penn is proud to be an equal opportunity workplace. We recruit, employ, train, compensate, and promote without regard to on age, race, creed, gender, color, religion, national origin, sexual orientation, gender identity, veteran status, disability or any other basis protected by applicable federal, state, or local law. Whitley Penn is a participant in E-Verify please follow the link to review disclosure notifications: https://www.dropbox.com/s/olsr5xgsgxsntu3/E-Verify%20Notices.pdf?dl=0. All employment is decided on the basis of qualifications, merit, and business need.