Staff Accountant, Expense

Formentera Operations, LLC.; Austin (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health insurance

401K with employer match

Job summary

Formentera Operations LLC in Austin, TX seeks a Staff Accountant, Expense to ensure accurate operating expenditures across oil and gas properties. You will manage accruals for operating expenses and workovers, collect ad valorem data, and handle specialized expense entries while supporting cross-functional teams.

The role emphasizes detailed analysis, collaboration with stakeholders, and preparation for external audits, with a focus on precision and timely reporting in a fast-paced environment.

Qualifications

• Bachelor’s degree in accounting, finance or related field.
• Minimum of 3 years’ experience in accounting with at least 1 year in the upstream oil and gas industry.

Responsibilities

• Prepare accounting accrual entries monthly ensuring timely and accurate reporting.
• Perform variance analysis and investigate discrepancies to identify trends, risks, and opportunities for improvement.
• Prepare and analyze account reconciliations relevant to accrual entries
• Collaborate with other departments to provide accounting information to support internal stakeholders in making business decisions.
• Support external audits by providing documentation and explanations as needed to auditors.
• Assist with special projects as needed.

Education

Bachelor’s degree in accounting, finance or related field

Job description

Summary:

Formentera Operations is seeking an experienced Staff Accountant in Expense to join our team. As a Staff Accountant, Expense, you play a critical role in ensuring the accuracy, integrity, and compliance of our oil and gas properties across multiple entities. This position involves maintaining various accounting activities, including several different operating expense accruals, workover accruals, ad valorem data collection and entries, advanced expense entries, and special projects. The Staff Accountant, Expense collaborates with internal stakeholders to support decision-making processes, drive operational efficiency, and maintain accurate operating expenditures. The ideal candidate will have a strong background in oil and gas accounting, exceptional attention to detail, and the ability to thrive in a fast-paced environment.

Responsibilities:

• Prepare accounting accrual entries monthly ensuring timely and accurate reporting.
• Perform variance analysis and investigate discrepancies to identify trends, risks, and opportunities for improvement.
• Prepare and analyze account reconciliations relevant to accrual entries
• Collaborate with other departments to provide accounting information to support internal stakeholders in making business decisions.
• Support external audits by providing documentation and explanations as needed to auditors.
• Assist with special projects as needed.
• Exceptional analytical and problem-solving skills with the ability to communicate findings effectively.
• Detail-oriented with a high level of accuracy and adherence to deadlines.
• Excellent verbal and written communication skills, with the ability to convey financial information to both financial and non-financial stakeholders.
• Proven ability to work collaboratively in cross-functional teams and lead initiatives.

Required Qualifications:

• Bachelor’s degree in accounting, finance or related field.
• Minimum of 3 years’ experience in accounting with at least 1 year in the upstream oil and gas industry.

Physical Requirements: (with or without reasonable accommodation)

• Requires prolonged sitting, some bending and stooping
• Occasional lifting up to 25 pounds.
• Manual dexterity sufficient to operate a computer keyboard and calculator
• Annual Bonus Eligibility
• 100% Employer covered health insurance premiums.
• 401K with 4% employer match

About Us:

Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London, and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins.

Formentera is intentional and deliberate in cultivating our culture. We seek people who are not only exceptional within their own skills and aptitudes but who also care deeply about supporting each other’s growth and embracing the value that diverse teams, ideas and opinions creates. Operating with integrity and treating each other well at all times are foundational pillars at Formentera.

Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics.

Notice to Third Party Agencies:

Please note that Formentera does not accept unsolicited resumes from recruiters or employment agencies. Without a signed recruitment services agreement, Formentera will not consider or agree to payment of any referral compensation or recruiter fee. If a recruiter or agency submits a resume or candidate without a previously signed agreement, Formentera explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring manager(s), are deemed to be property of Formentera.

NOTE: Formentera is not able to consider candidates requiring Visa sponsorship at this time.