Senior Oil & Gas Accountant

ALG Holdings Family LLC.; Fort Worth (TX); On-site; USD 95,000 - 125,000; Full time

Benefits offered by this job

Full benefits

2 weeks paid vacation

Job summary

Texas State Oil seeks an experienced Senior Oil & Gas Accountant to manage day-to-day accounting and provide reliable financial reporting. You will handle production revenue accounting, AP/AR, budgeting, G&A, and monthly closings in a hands-on, in-house role with direct exposure to leadership.

The ideal candidate has upstream oil-and-gas accounting experience, strong GAAP knowledge, and the ability to improve processes and controls while ensuring accuracy and timeliness of financial statements.

Qualifications

• Bachelor’s degree in accounting or finance.
• At least five years of accounting experience.
• Direct upstream oil-and-gas accounting experience.
• Experience with production revenue, AP, AR, monthly close, budgeting, and G&A.
• Strong GAAP knowledge, reconciliations, and financial statements.
• Advanced Excel skills and attention to detail.

Responsibilities

• Oversee production revenue accounting for operated and non-operated properties.
• Reconcile volumes, purchaser statements, revenue receipts, and ownership.
• Record royalties, working interests, taxes and revenue adjustments.
• Manage AP including invoice review, coding and payments.
• Manage AR, cash applications, collections, and aging reporting.
• Perform monthly bank, balance-sheet, and GL reconciliations.
• Prepare journal entries, accruals, and monthly closings.
• Develop annual budgets, forecasts, and variance reports.
• Provide monthly financial and operational reports to leadership.

Skills

Production revenue accounting

Accounts payable

Accounts receivable

Budgeting

G&A accounting

Monthly close

GAAP knowledge

Excel

Financial reporting

Communication

Education

Bachelor’s degree in accounting

Tools

Quorum

Job description

Employment Type: Full-time, primarily on-site

Compensation: $95,000–$125,000 annually, depending on experience, plus benefits and potential performance bonus

Position Summary

Full benefits

2 weeks of paid vacation

Texas State Oil is seeking an experienced Senior Oil & Gas Accountant to manage the company’s day-to-day accounting functions and provide reliable financial reporting to leadership.

This is a hands-on, in-house position responsible for production revenue accounting, accounts payable, accounts receivable, budgeting, G&A accounting and monthly financial reporting. The ideal candidate understands upstream oil-and-gas operations and can independently manage detailed accounting work while improving processes and controls.

Primary Responsibilities

• Manage oil-and-gas production revenue accounting for operated and non-operated properties.
• Reconcile production volumes, purchaser statements, revenue receipts and ownership interests.
• Record and reconcile royalties, working interests, taxes, deductions and other revenue adjustments.
• Manage accounts payable, including invoice review, coding, approval routing and payment processing.
• Manage accounts receivable, cash applications, collections and outstanding-balance reporting.
• Perform monthly bank, balance-sheet and general-ledger reconciliations.
• Prepare journal entries, accruals and monthly closing schedules.
• Maintain the chart of accounts and ensure transactions are properly classified.
• Manage G&A accounting, including shared-cost and overhead allocations.
• Develop annual budgets, forecasts and budget-to-actual variance reports.
• Prepare monthly financial and operational reports for executive leadership.
• Respond to vendor, owner and revenue-payment inquiries.
• Maintain organized documentation supporting audits, tax reporting and internal reviews.
• Coordinate with outside CPAs, tax advisers, banks and other financial partners.
• Recommend accounting controls and process improvements.
• Assist leadership with cash-flow planning and financial analysis.

Required Qualifications

• Bachelor’s degree in accounting, finance or a closely related field.
• At least five years of accounting experience.
• Direct upstream oil-and-gas accounting experience.
• Demonstrated experience with production revenue, AP, AR, monthly close, budgeting and G&A accounting.
• Strong understanding of GAAP, reconciliations, accrual accounting and financial statements.
• Advanced Microsoft Excel skills.
• Strong attention to detail and ability to meet recurring deadlines.
• Ability to work independently and communicate financial information clearly.
• High degree of discretion and integrity when handling confidential financial information.

Preferred Qualifications

• CPA or CPA-track candidate.
• Experience with COPAS accounting guidelines and joint-interest accounting.
• Experience with Quorum, or comparable oil-and-gas accounting software.
• Experience supporting privately held exploration and production companies.
• Experience building or improving accounting procedures and internal controls.

Success in This Position

The successful candidate will produce accurate and timely monthly financials, maintain clean reconciliations, improve cash visibility, keep receivables and payables current, and give leadership a dependable understanding of revenue, expenses, budgets and operating performance.

Texas State Oil is an equal-opportunity employer.