Accountant Job at Advanced HR Consulting Services, LLC in Midland

Accountant – Upstream Oil & Gas Industry

Located in Midland, TX and in office five days a week.

The Accountant is responsible for maintaining financial records, preparing and analyzing financial statements, and ensuring compliance with industry-specific regulations. This role supports the financial integrity of the company and contributes to decision-making processes by delivering accurate, timely, and insightful financial data.

Responsibilities:

• Perform general ledger accounting, journal entries, and month-end close processes.
• Reconcile bank accounts, intercompany accounts, and other balance sheet items.
• Prepare monthly financial reports including P&L, balance sheets, and cash flow statements.
• Analyze variances between actual and budgeted results and provide explanations.
• Manage accounts payable/receivable and joint interest billing (JIB) processes.
• Ensure compliance with revenue recognition and cost allocation specific to O&G (e.g., SEC, FASB, and GAAP standards).
• Assist in preparing tax filings, royalty payments, and production reports.
• Collaborate with field offices and operations teams to ensure accuracy of cost data.
• Support audits and provide documentation as needed.
• Stay up to date with regulatory changes and industry trends.
• Perform other duties as assigned.

Minimum Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of accounting experience in upstream oil & gas.
• Familiarity with upstream/midstream accounting and O&G-specific systems (e.g., Quorum, ODA, OGSYS, and Open Invoice).
• Solid understanding of accrual accounting, cost tracking, and joint interest accounting.
• Proficiency in Microsoft Excel and accounting software.
• Strong analytical, organizational, and communication skills.
• Experience with production accounting and revenue distribution.
• Knowledge of severance taxes, regulatory reporting (e.g., ONRR, RRC).
• Exposure to acquisition/divestiture accounting.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Accounting/Auditing and Finance