What are the responsibilities and job description for the Revenue Accountant position at W&T Offshore?
TITLE: Revenue Accountant
ABOUT THE COMPANY: W&T Offshore, Inc. (NYSE: WTI) is a thriving, independent oil and natural gas producer operating in the Gulf of Mexico, the second-largest producing basin in the U.S. for nearly four decades.
ABOUT OUR EMPLOYEES
We have built a team of talented and collaborative individuals who are committed to cultivating a culture of integrity, honesty, trust, respect, and communication. Our mission is to attract and retain like-minded team members who will grow and prosper within our W&T community.
W&T offers a competitive total rewards program designed to provide competitive pay, health and financial benefits, and work-life balance.
WORKING LOCATION: Houston Office - 5718 WESTHEIMER RD 77057
FULL-TIME/PART-TIME: Full-Time
SCHEDULE: Mon -Thurs - 9 hours (in-office)/Friday - 4 hours (remote)
FLSA STATUS: Salary, Exempt
JOB SUMMARY: The Revenue Accountant records oil, gas, and NGL’s revenue in a timely and accurate manner to ensure correct receivables and payment obligations and reporting to governmental agencies and all WI and ORRI owners. Reconciles all GL accounts related to revenue bookings. Position will be filled at a level commensurate with experience.
PRIMARY RESPONSIBILITIES:
- Ensures the timely and accurate calculation and recording of gains or losses as they relate to pipeline cash outs.
- Create oil invoices by assigned deadline each month and send to purchaser for confirmation
- Record oil sales in accounting system
- Responsible for payment and recording cash out invoices and transportation invoices.
- Validate production data; verification of pricing.
- Analyze sales volume determinations, meter volume data.
- Support Regulatory and ONRR reporting requirements and inquiries as needed.
- Prepare assigned account reconciliations (revenue, royalty, expenses, and receivables).
- Analyze and resolve outstanding account balances.
- Prepare revenue-related journal entries.
- Process various types of invoices for payment, including transportation and cash out invoices.
- Assist in internal / external audits and take part in special projects as necessary.
- Follow all internal audit/SOX controls established for revenue accounting.
- Additional duties as assigned, including potential simultaneous multiple projects.
KNOWLEDGE, EDUCAITON & EXPERIENCE:
- Bachelor Degree in Accounting, Finance, or Business.
- Minimum two (2) years of oil and gas offshore/onshore revenue accounting experience required.
- Minimum four (4) years of general accounting experience
- Working knowledge of documentation tools and repositories to develop templates, manipulate output styles, tag and manage technical content required.
- Position requires sound analytical ability. Ability to gather and communicate data logically, accurately, and concisely.
- Must be able to meet rigorous deadlines and work/communicate effectively with others.
- Must be able to perform most assignments with minimal supervision.
- Must be proficient with MS Excel
- Ability to perform successfully in a fast-paced, rapidly changing environment required.
- Demonstrated problem-solving skills and focus on quality; excellent organizational abilities required.
- A can-do and open-minded attitude to resolving problems and delivering results required.
ESSENTIAL FUNCTIONS:
Successful job applicants will be able to perform these functions. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.
- Report to the Corporate Office daily and adhere to schedule
- Ability to access, input, and retrieve information from a computer and/or electronic device
- Ability to have face to face conversations with stakeholders, peers and management
- Ability to sit or stand for long periods of time and move around work environment as needed
- Comply with company policies and procedure
PHYSICAL REQIREMENTS:
- Requires prolonged sitting, some bending and stooping.
- Occasional lifting up to 10 pounds.
- Manual dexterity sufficient to operate a computer keyboard and calculator.
This description is intended to describe the type of work being performed by a person assigned to this position. It is not an exhaustive list of all duties and responsibilities required by the employee. W&T Offshore is an Equal Opportunity Employer and is committed to the principles of equal employment opportunity for all employees and applicants for employment.
W&T Offshore Inc. offers competitive total rewards including health & welfare benefits, 401k match, competitive pay and an annual bonus program (STI).
W&T Offshore does not offer sponsorship of employment-based nonimmigrant visa petitions for this role.