Senior Staff Accountant, Revenue at Formentera Partners LP

Austin, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

0.0

Posted On

03 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Revenue accounting, Oil and gas accounting, Data analysis, Excel, Microsoft Office Suite, Severance tax, Revenue recognition, Revenue allocation, Account reconciliation, Financial reporting, Regulatory compliance, Problem-solving, Communication, Team collaboration, Internal controls

Industry

Financial Services

Description

Senior Staff Accountant, Revenue – Austin, TX - In Office Summary: Formentera Operations is seeking an oil and gas revenue accountant for its Austin, Texas office. This position will be responsible for the detailed analysis and accurate recording of revenues from oil, gas, and natural gas liquids (NGLs). The ideal candidate will play a key role in ensuring that all revenue transactions are processed efficiently and in compliance with industry standards and regulatory requirements. This role requires strong analytical skills, attention to detail, and the ability to work collaboratively within a team environment to support the company's financial objectives. Responsibilities: * Record monthly oil & gas revenue for assigned purchasers * Prepare and maintain well level allocations for assigned purchasers * Prepare severance taxes for assigned purchasers and reconcile taxes payable * Reconcile purchaser receivables for assigned purchasers * Prepare assigned account reconciliations * Help prepare and file necessary reports to government entities * Provide response/resolution in a timely and thorough manner to all internal and external inquiries * Comply with internal controls ensuring appropriate documentation for the control requirements Key Competencies: * Ability to make informed and effective decisions by analyzing data and assessing * Advanced Excel skills, as well as proficiency in other Microsoft Office Suite products. * Excellent written and verbal communication. * Strong analytical and problem-solving skills * Familiarity with revenue recognition, severance tax, and revenue allocation. * Collaborate effectively with colleagues from various departments. * Ability to work in a team-oriented environment Required Qualifications: * Bachelor’s degree in accounting or finance * 3-5 years of accounting experience Preferred Qualifications: * Knowledge of industry-specific accounting practices. Physical Requirements: (with or without reasonable accommodation) * This is largely a sedentary role. The employee is regularly required to talk or listen, and frequently required to stand, walk, use hands to handle objects, and reach with arms. Close visual acuity is needed for viewing a computer, reading, transcribing, and analyzing data. * Occasional lifting of up to 25 pounds * Manual dexterity sufficient to operate a computer keyboard Benefits: * Competitive Base Salary * 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.

Responsibilities

This role is responsible for the detailed analysis and accurate recording of oil, gas, and natural gas liquids revenue. Responsibilities include preparing well-level allocations, reconciling purchaser receivables, and ensuring compliance with regulatory requirements.