Discovery Natural Resources LLC
Senior Revenue Accountant
Discovery Natural Resources LLC, Denver, Colorado, United States, 80285
Discovery Natural Resources LLC is a domestic, onshore exploration and production company with over 1,000 wells in operation in Texas.
Under the direction of the Revenue Manager, the Senior Revenue Accountant’s primary responsibility will be to process revenues and apply severance taxes related to operated and non-operated revenues and prepare related revenue accruals and cash entries. This includes but is not limited to: applying revenue deductions based on contracts for gathering, compression, transportation, and other post production costs; reviewing division of interest changes; processing owner suspense reallocations received from Land Department; and reconciling relevant general ledger accounts.
Primary Responsibilities
Monthly Revenue Processes and Reporting
Review purchaser contracts and apply contract terms to accruals and purchaser receipts.
Record revenue into the Bolo accounting system.
Prepare monthly revenue and general ledger journal vouchers.
Prepare monthly revenue accrual.
Perform lookback analyses and prepare explanations for variances.
Perform monthly volume and pricing trend analysis and prepare explanations for variances.
Perform gas plant meter statement reconciliation and analysis.
Tax and Regulatory Reporting and Filings
Monthly state royalty reports.
Monthly, quarterly and annual state production tax reports.
Quarterly and annual state withholding reports.
Ensure timely payment of all taxes and royalty.
Ensure timely governmental filings and reporting.
Verify that all tax incentives have been applied for and are being used.
Audits
Coordinate severance tax audits.
Coordinate other revenue audits as necessary.
Provide information and records as requested to external auditors.
Contracts and Compliance
Review contracts and coordinate resolving any issues with Controller and Revenue Accounting Manager.
Maintain Contract Summary with printed copies and digital references to all contracts.
Review governmental regulations to ensure compliance.
Other
Provide accurate reports and analyses.
Perform special projects as required.
Interface with other departments in preparation of accruals, various reports and analysis.
Perform research and formulate recommendations as appropriate.
Understand overall areas of responsibility and recommend changes to policies, procedures and processes as appropriate.
Education and Experience
Eight or more years of experience in oil and gas revenue accounting.
Bachelor’s Degree in Accounting or equivalent.
Skills and Knowledge
Commitment to Discovery Natural Resources expectations and core values.
Computer skills
Advanced Microsoft Excel spreadsheet skills.
Experience with Microsoft Word.
Bolo accounting software highly desirable.
Excellent fundamental accounting skills; hands-on experience with general ledger reconciliations.
Ability to manage multiple tasks and meet tight deadlines.
Demonstrate initiative.
Self-motivated.
Ability to work with minimal supervision.
Ability to interact and communicate effectively with others in a team environment.
Possess strong analytical skills.
Ability to organize and prioritize workload.
Clear and concise speaking and writing ability.
Strong attention to detail.
Ability to perform research and formulate recommendations as appropriate.
Strong problem-solving skills.
Compensation and Benefits
Estimated pay range: $100,000 – $120,000 (depending upon experience of the successful candidate).
Eligible for short- and long-term incentives.
Medical, dental and vision insurance.
Short and long-term disability coverage.
Basic life and AD&D insurance.
401(k) with company match.
Paid vacation and sick time.
Hybrid work from home schedule available.
9/80 work schedule.
Frequently sit for extended periods of time. Regularly view a computer screen for extended periods of time. Regularly type on a keyboard and/or perform data entry continuously. Occasionally may be required to reach, squat, bend and lift up to 10 lbs (files or documents). May also require occasional lifting of heavy objects (30+ lbs).
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Under the direction of the Revenue Manager, the Senior Revenue Accountant’s primary responsibility will be to process revenues and apply severance taxes related to operated and non-operated revenues and prepare related revenue accruals and cash entries. This includes but is not limited to: applying revenue deductions based on contracts for gathering, compression, transportation, and other post production costs; reviewing division of interest changes; processing owner suspense reallocations received from Land Department; and reconciling relevant general ledger accounts.
Primary Responsibilities
Monthly Revenue Processes and Reporting
Review purchaser contracts and apply contract terms to accruals and purchaser receipts.
Record revenue into the Bolo accounting system.
Prepare monthly revenue and general ledger journal vouchers.
Prepare monthly revenue accrual.
Perform lookback analyses and prepare explanations for variances.
Perform monthly volume and pricing trend analysis and prepare explanations for variances.
Perform gas plant meter statement reconciliation and analysis.
Tax and Regulatory Reporting and Filings
Monthly state royalty reports.
Monthly, quarterly and annual state production tax reports.
Quarterly and annual state withholding reports.
Ensure timely payment of all taxes and royalty.
Ensure timely governmental filings and reporting.
Verify that all tax incentives have been applied for and are being used.
Audits
Coordinate severance tax audits.
Coordinate other revenue audits as necessary.
Provide information and records as requested to external auditors.
Contracts and Compliance
Review contracts and coordinate resolving any issues with Controller and Revenue Accounting Manager.
Maintain Contract Summary with printed copies and digital references to all contracts.
Review governmental regulations to ensure compliance.
Other
Provide accurate reports and analyses.
Perform special projects as required.
Interface with other departments in preparation of accruals, various reports and analysis.
Perform research and formulate recommendations as appropriate.
Understand overall areas of responsibility and recommend changes to policies, procedures and processes as appropriate.
Education and Experience
Eight or more years of experience in oil and gas revenue accounting.
Bachelor’s Degree in Accounting or equivalent.
Skills and Knowledge
Commitment to Discovery Natural Resources expectations and core values.
Computer skills
Advanced Microsoft Excel spreadsheet skills.
Experience with Microsoft Word.
Bolo accounting software highly desirable.
Excellent fundamental accounting skills; hands-on experience with general ledger reconciliations.
Ability to manage multiple tasks and meet tight deadlines.
Demonstrate initiative.
Self-motivated.
Ability to work with minimal supervision.
Ability to interact and communicate effectively with others in a team environment.
Possess strong analytical skills.
Ability to organize and prioritize workload.
Clear and concise speaking and writing ability.
Strong attention to detail.
Ability to perform research and formulate recommendations as appropriate.
Strong problem-solving skills.
Compensation and Benefits
Estimated pay range: $100,000 – $120,000 (depending upon experience of the successful candidate).
Eligible for short- and long-term incentives.
Medical, dental and vision insurance.
Short and long-term disability coverage.
Basic life and AD&D insurance.
401(k) with company match.
Paid vacation and sick time.
Hybrid work from home schedule available.
9/80 work schedule.
Frequently sit for extended periods of time. Regularly view a computer screen for extended periods of time. Regularly type on a keyboard and/or perform data entry continuously. Occasionally may be required to reach, squat, bend and lift up to 10 lbs (files or documents). May also require occasional lifting of heavy objects (30+ lbs).
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