Revenue Accountant
Position Summary
Bayswater is an oil & gas exploration and production company seeking an individual to perform all the general revenue accounting duties for the Bayswater companies operated and non-operated oil and gas interests. This position will include all the accounting duties and responsibilities related to revenue entry, processing, review, as well as regulatory compliance including tax reporting, government agency reporting, and distributing royalty payments. The revenue accountant position with Bayswater will report to the Operations Accounting Manager and oversee the Contract Revenue Accountant. This position will be based in Denver, Colorado.
Key Relationships
Reports to: Operations Accounting Manager
Direct reports: Contract Revenue Accountant
Other key relationships:
Third-party Production Analysts
Operational Accounting Group
Fund Accounting Group
Production Engineers
Land Department
CFO
Major Responsibilities
- Processing of all operated and non-operated revenue receipts for oil, gas, and plant products in Colorado and Texas
- Timely and accurate processing of the monthly revenue distribution cycle including generating the check run and ACH files
- Revenue data entry into Bolo accounting system
- Including combining non-operated revenue for several Bayswater entities
- Reviewing and approving revenue processed by the Contract Revenue Accountant
- Review and analyze purchaser statements to ensure appropriate payment
- Create monthly invoices for revenue purchasers (currently 3)
- Create and review production allocations and review production allocations prepared by third-party consultants
- Understand and maintain component decks for various revenue deductions and ensure royalty and working interest owners are credited in the prescribed manner
- Create and process revenue sales reversals and corrections
- Prepare monthly, quarterly and annual close accounting entries and complete reconciliations on related GL accounts
- Preparation and timely filing of regulatory, royalty and tax reports and payments to various state and federal government agencies including severance taxes, ad valorem taxes, and conservation taxes
- Assist with providing revenue audit support
- Respond to revenue owner inquiries and requests
- Maintain and process voided revenue checks including owner adjustments, as needed
- Assist and communicate with the land department in formulating and maintaining revenue decks
- Assist with acquisition integration and divestiture transition
- Prepare and file Colorado Form DR21 for various Bayswater entities and generate DR21Ws for royalty owners
- Perform other duties, projects and tasks as assigned
CANDIDATE SPECIFICATION: KEY SELECTION CRITERIA
Qualifications
- Strong academic and accounting credentials
- Upstream oil and gas industry experience preferred; upstream oil & gas
- Can demonstrate a working knowledge of the upstream revenue transaction cycle
- Strong verbal and written communication skills
- Experience with Bolo accounting system preferred
- Comfortable working with large data sets in Excel/Access and the heavy use of pivot tables and financial functions
Personal Characteristics
- Professional, technically proficient, and an independent thinker
- High attention to detail in a fast-paced environment
- Commercially oriented analytical perspective
- Ability to have collaborative working relationship with Land and Operations Accounting functions, among other departments
- Ability to convey a message that is understandable and relevant, linking business issues, financial results and strategy
- Open, candid and effective communication style
- Strong personal and business values which are consistent with Bayswater’s vision and values
- A strong desire to be a key part of growing Bayswater’s “fund business” and “oil andgasoperatingbusiness”
- Highest ethics and integrity
COMPENSATION AND BENEFITS
- Salary dependent on experience, range of $90k – $115k + discretionary bonus
- Company subsidized health, dental, and vision insurance
- Employer annual 401(k) contribution equivalent to 3% of your compensation
- Paid time off + 11 holidays annually
- ½ day Fridays Working Remotely (Mon-Thurs 9-hr days in office)
- Participation in the future issuances of profit-sharing units in the Bayswater Incentive Plan
- Company paid parking or public transportation pass
- Health and wellness incentives on site including a private gym
Please contact careers@bayswater.us for further information.
Download the application
