Senior Accountant, Upstream E&P – Midland, Texas
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Are you a highly motivated accounting professional with dedicated experience in the Upstream E&P sector of the oil and gas industry<\/b>? Our client, a dynamic and growing mid -sized independent oil and gas producer<\/b> based in Midland, Texas<\/b>, is seeking a meticulous Senior Accountant<\/b> to join their close -knit finance team. This is a fantastic opportunity to contribute to the financial accuracy directly and operational efficiency of a company deeply embedded in the Permian Basin's prolific activities.
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In this essential role, you will be instrumental in managing core accounting functions unique to oil and gas exploration and production. You'll work collaboratively with cross -functional teams and leadership, ensuring robust financial reporting and compliance. We're searching for a hands -on individual who thrives in a fast -paced environment, excels at problem -solving, and is committed to maintaining the highest standards of financial integrity.
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Requirements<\/h3>

Core Contributions:
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• Financial Reporting & General Ledger Management:<\/b> Drive monthly and quarterly financial close processes, including the preparation of complex journal entries, comprehensive general ledger reconciliations, and the generation of internal financial statements.
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• Production & Revenue Accounting Support:<\/b> Assist with the accurate recording and analysis of hydrocarbon production volumes, sales, and corresponding revenues, navigating the unique complexities of oil and gas revenue recognition.
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• Capital & Operating Expenditure Oversight:<\/b> Monitor, analyze, and ensure proper accounting for exploration, development, and production capital expenditures (CAPEX) as well as operating expenses (OPEX).
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• Joint Venture (JV) Accounting Coordination:<\/b> Support the preparation and review of joint interest billings (JIBs) and partner reconciliations, ensuring proper allocation and recovery of costs in accordance with joint operating agreements (JOAs).
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• Compliance & Audit Preparedness:<\/b> Ensure strict adherence to U.S. GAAP and relevant industry regulations. Play a key role in supporting annual external audits by preparing documentation and responding to inquiries.
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• System Proficiency & Data Integrity:<\/b> Utilize and optimize the company's financial ERP system, serving as a resource for system -related questions, enhancing data quality, and contributing to the development of financial reports.
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• Interdepartmental Collaboration:<\/b> Partner closely with reservoir, operations, land, and engineering departments to facilitate accurate data flow and ensure financial records reflect operational realities.
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• Process Optimization:<\/b> Identify and implement efficiencies within accounting procedures, leveraging technology and best practices to enhance the accuracy and timeliness of financial data.
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  Benefits<\/h3>

  What We're Looking For:
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  The ideal candidate will possess the following qualifications:
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  • Experience:<\/b> 3 -5 years<\/b> of progressive accounting or financial analysis experience, with non -negotiable experience within the Upstream Exploration & Production (E&P) segment of the oil and gas industry.<\/b>
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  • Education:<\/b> Bachelor's Degree in Accounting or Finance from an accredited university.
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  • Technical Acumen:<\/b> Demonstrated proficiency with enterprise resource planning (ERP) systems common in the oil and gas sector.
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  • Industry Knowledge:<\/b> Solid grasp of accounting principles (GAAP) as applied to the oil and gas industry, including concepts such as full cost/successful efforts, depletion, and asset retirement obligations (AROs).
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  • Key Skills:<\/b> Exceptional analytical and organizational skills, a meticulous attention to detail, and the ability to manage multiple priorities in a dynamic environment. Strong communication skills are essential for collaborating across teams.
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  • Software Proficiency:<\/b> Advanced user of Microsoft Office Suite (particularly Excel) and various accounting software.
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    Compensation & Work Environment:
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    We offer a competitive package tailored to attract and retain top talent in Midland:
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    • Annual Salary:<\/b> A competitive base salary ranging from $80,000 – $95,000 per year<\/b>, dependent on your experience and qualifications.
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    • Performance Bonus:<\/b> Eligibility for an annual performance bonus, tied to both individual performance and the company's achievements.
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    • Work Setting:<\/b> This is a full -time, in -office position<\/b> based in Midland, Texas, fostering a cohesive and collaborative team culture.
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      Important Note for Applicants:
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      • Local Candidates Only:<\/b> We are specifically seeking candidates who currently reside in the greater Midland -Odessa area. Relocation assistance and visa sponsorship are not available for this role.
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