GMS -Senior Manager-Product Revenue Accounting

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Production Revenue Accountant 
Experience 15 years – Sr. Manager

• 10-15 years of Experience in handing production revenue account processes for Oil and Gas.
• Experience in drafting regulatory reporting for Production.
• Understanding and execution of Production processes, Contractual allocation, Valuation, JVA and revenue distribution
• Manage Property Tax annual tax payment process and work closely with external consultants to ensure value negotiations, exemptions, and accurate filings for related entities.
• Manage Production Tax and Regulatory Royalty reporting monthly filings for federal agencies and ensure compliance with regulations and statutes.
• Manage Sales and Use Tax process and review and approve external consultant’s review of monthly compliance work product.
• Managing and actively participating in project with external consultants to design and implement process to handle identification of additional deductions to report on current severance tax filings and implementation of Texas direct pay permit and monthly sales and use tax compliance process. Both projects provide for significant tax savings and streamline and improved processes. 
• Leading team to review and document Production Tax and Regulatory Royalty SAP PRA processes and continuous review, debug of issues and upkeep of tax and royalty reporting data and processes
• Leading project to review prior period Production Tax processes for tax savings opportunities and process improvements. 
• Working with internal and external parties to implement changes identified.
• Excellent Writenand Verbal communication in English

Supervision of personnel; 5 to 20 employees
Education : Accountant ; Finance 

• Production Revenue Accountant -Level1/2
• Experience 7-10years – Manager and Below
• 7-10 yrs years of Experience in handing production revenue account processes for Oil and Gas.
• Understanding of Marketing groups, production parameters, Division of Interest and executive PRA processes in systems such as SAP etc
• Review multiple documents and carry out PRA processes.
• Preparation of production tax filings and regulatory reporting
• Filing of production tax incentives/exemptions
• Analysis of production tax payable and tax receivable GL accounts
• Review of state regulation and statutes to ensure accurate filings.
• Education: Accountant; Finance 
• ++ Specific Area experience as per below table.

Production Revenue- Analyst / Data Analyst
Experience 7-10years – Manager / Senior

• 5-7 yrs years of Experience in doing analysis production revenue account processes for Oil and Gas.
• Do analysis of data inputs from different sources and help PRA Accountant in executing the processes.
• Establish all master data such as cost centers, joint ventures, equity groups, and billing interest types (Data Analyst)
• Handle data inputs and process data, maintain Master data.
• Understanding of regulatory reporting data,DOI, JVA and do analysis.
• Analysis of relationships bookings transactions for various accounts impacting income statement and balance sheet.
• Analyze sales volume and price variances.
• ++ Specific skills as per table,

Role based skills

Role    Role Description

• Base    All individuals will need some experience in US onshore Oil and Gas operations accounting. SAP experiences is good, SAP PRA experience is desired. 

FICO  

•  Experience with SAP FICO module reporting and analysis. 
• Analysis of relationships bookings transactions for various accounts impacting income statement and balance sheet. 
• Utilizing and updating computing systems to accurately record financial transactions
• Designing and evaluating controls
• Improving financial and accounting processes
• Providing financial support to operating and financial organizations

JVA  

• Experience with Joint Venture Accounting Modules of SAP PRA at Oil and Gas clients
• Establish all master data such as cost centers, joint ventures, equity groups, and billing interest types
• Be familiar with JVA integrations to Revenue Organization, such as Cutback, JIB netting
• Be able to establish Gross Working Interest of JV partners based on title opinions 

PRA - Production    Familiar with title opinions for oil and gas wells and spacing regulations in the US to being drilling. Establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. 

• Familiar with type of transfer
• Customer/vendor/business partner setups
• Input and maintain tax exemptions, market exemptions, bearer groups and other related system data

PRA-DOI  

•  Familiar with title opinions for oil and gas wells and spacing regulations in the US to being drilling. Establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. 
• Familiar with type of transfer
• Customer/vendor/business partner setups
• Input and maintain tax exemptions, market exemptions, bearer groups and other related system data

PRA  

•  Experienec with creating valuations that are the basis of accounting entries, analysis of open items (AR, AP, OP, TP, IN, EXP)
• Experience in revenue accounting to understand relationship of production volumes, marketing election, pricing, deducts, and RI lease terms that drive unique payment terms 
• Gather and prepare basic/routine data and information
• Prepare revenue related journal entries
• Assist in processing of cash basis revenue properties
• Identifies and responds to revenue owner needs
• Understands and applies basic accounting principles and concepts
• Assist with routine assignments requiring basic knowledge and the application of standard techniques
• Assist with other projects as assigned by management

PRA-Tax & Royalty 

• Familiar with extracting payable data from revenue to reformat into regulatory agency format. Understand and establish agency Lease, masters, and other relevant master data. Be able to interpret and implement regulatory requirements for reporting.
• Severance Tax (TX, OK, LA, WY, OH, NM, ND, PA, WV, AR) 
• Reg Royalty (ONRR, GLO, CLO, ST LA, ST ND, ST NM, ST KS, ST WV, AR)
• Monitor month-end closing to ensure all accounting entries are processed timely
• Review and approve monthly account reconciliations performed by the staff
• Respond to management inquiries
• Analyze sales volume and price variances
• Review and approve regulatory data and payments to state entities
• Working knowledge of regulatory regulations for state entities
• Assist with acquisitions/divestitures regarding compliance with state entities
• Review, approval and posting of journal entries created by the staff
• Compliance with internal controls
• Oversight of audit inquires
• Ensure the Company is within the requirements and regulations that govern royalty agreements
• Other special projects as identified by the Manager
• Oversee Revenue Cash Receipts staff and the cash deposit entries
• identify the scope of royalty/production tax audit requests.
• Retrieve supporting documents responsive to audit requests and monitor progress of responses from different sources within bpx and offshore accounting team.
• Present explanations of production revenue accounting process and documents as required.
• Plan, coordinate and verify corrective actions by offshore accounting team and communicate resulting financial impacts to management.
• Maintain active log of all audits and action plans.
• Collaborate and communicate with internal groups, i.e., Revenue, Production Measurement, Division Order, Regulatory, Land, Marketing, offshore accounting team.
• Monitor potential audit issues and follow up on findings to proactively prevent future issues.

PSCM    

Project & Supply Chain Management -Functional and technical knowledge to provide hands-on support for various business groups through problem solving, SAP SD/MM/WM configuration, functional documentation, testing, developing system documentation, and also training materials.
 

ABAP  

•  Be able to read, write, and understand SAP ABAP code.
• familiarity coding for inbound interfaces, BADIs BAPIs, and other enhancements
• Ability to debug issues with functional users to resolve defects, bugs, or other issues with client custom or base SAP code

FA (Fixed Assets)    Fixed Assets - Configuration, AUC and Final Settlement experience, Group Asset Experience, depletion depreciation experience
 

Land     

• Familiar with title opinions for oil and gas wells and spacing regulations in the US to being drilling. Establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. 
• Familiar with type of transfer
• Customer/vendor/business partner setups
• Input and maintain tax exemptions, market exemptions, bearer groups and other related system data
• Familiar with Quorum Land Systems, Quorum Division order, Lease Pro, or other non-SAP land systems

PS (Project Systems)    Project Systems-

• SAP PM/PS implementation experience. Sound knowledge and experience in work order processing, work center usage, settlement processes, procurement through WO, integration with project systems (WBS), etc.,
• Ability to explain your technical design decisions to client
• Ability to translate business requirements into functional specifications

Developer    

• Ability to design and code various items for SAP and non-SAP system
• Interfaces with PI/PO capabilities
• Perform custom development with 

Fiori     

• Should have a minimum of 2 to 3 years of relevant experience in SAP Fiori development. Perform troubleshooting, configuration, and testing of Fiori based apps and modules.

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