Senior Accounting Associate - Oil & Gas

Whitley-Penn; Houston (TX); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical Insurance

Dental & Vision

PTO 20 days

Parental Leave

401(k) Profit Sharing

Discretionary Bonus

CPA Review Course

Job summary

Whitley Penn, a leading audit, tax, and advisory firm, seeks a Senior Accounting Associate in Houston to manage accounting engagements. You will plan and execute assignments, supervise associates, and ensure compliance with GAAP and firm standards.

You will handle cash postings, AP/AR cycles, journal entries for oil & gas activities, and monthly closures while collaborating with client teams to deliver accurate financial statements.

Qualifications

• 3-5 years of experience in Energy accounting and analysis.
• Oil & Gas Accounting Knowledge Upstream/E&P required.
• BS in Accounting or MS in Accounting; CPA or CPA eligibility preferred.
• Proficiency in Microsoft Office Excel and OG accounting software.

Responsibilities

• Plan and execute engagements following firm policies; supervise and train associates.
• Manage cash entries, bank reconciliations, and AP cycle with minimal oversight.
• Prepare journal entries for ARO, depletion, depreciation, accruals, and overheads.
• Prepare and book operated revenue; review monthly, quarterly, and yearly cycles.
• Coordinate JIB, revenue, and other monthly accounting processes as applicable.
• Prepare balance sheet reconciliations with supporting workpapers.

Skills

Energy accounting

GAAP knowledge

CPA eligible

Excel

Education

BS in Accounting or MS in Accounting

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 ofthe fastestgrowing public accounting firms by providingexceptional, personalizedservice that reaches far beyond traditional accounting.In addition toAudit and Taxsolutions, we offer awiderange of Advisoryand Consulting services. Weworkin collaborative teams with an emphasis onan open-door policy,entrepreneurial thinking, and awell-builtculture.At Whitley Penn, welearn, innovate, andachieveby sharing knowledge, embracingnew ideas, and working together.We’relooking for professionals who think likeowners and want to bepartof shaping a high-growth firm.

• Classification: Full-time; Exempt
• Location: Houston

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

Our total rewardsareincrediblycompetitive. We work hard and recharge so that we can be our best selves for our clients.Exploresome 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 4 th 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.