Assistant Controller - Production, Revenue and Regulatory/Compliance Accounting
Flywheel Energy Assistant Controller - Production, Revenue and Regulatory/Compliance Accounting
Job Summary:
The Assistant Controller is a key leadership role responsible for overseeing upstream oil and gas Production, Revenue and Regulatory/Compliance Accounting activities. This role requires a strong technical accounting foundation, deep industry accounting expertise, and the ability to partner closely with Operations, Land, Marketing/Midstream, and Finance. The ideal candidate enjoys managing complex accounting processes, developing talent, leveraging technology, and driving continuous improvement to enhance financial accuracy, efficiency, and compliance.
Key Responsibilities:
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Direct Revenue, Production & Regulatory Accounting by supporting the respective functional leaders, establishing priorities, accountability, performance expectations and development plans.
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Oversee accurate well-level production, allocations, measurement, inventory, fuel/flare/use, gathering statements, and reconciliation from field measurement through revenue volumes. Ensure the resolution of volume imbalances and discrepancies.
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Oversee operated and non-operated revenue accounting, purchaser statements, suspense, escheatment considerations and owner payments.
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Oversee timely and accurate production, severance tax, royalty and other required filings with state and federal agencies, including ONRR/BIA obligations, where applicable.
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Maintain effective internal controls over production, revenue and regulatory processes.
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Serve as an accounting liaison between Operations, Land, Marketing/Midstream, Measurement, Engineering, Tax and Finance.
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Ensure revenue-related AR, accrued revenue, royalties payable, production/severance taxes, suspense and other assigned accounts are reconciled.
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Oversee the standardization of processes across basins/acquisitions, reduce manual work, improve data interfaces and reporting, establish and measure KPIs, and identify automation opportunities.
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Drive timely completion of the monthly close cycle, including the review and approval of journal entries, accruals, and account reconciliations.
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Support the Operations Controller in mentoring, developing, and leading a high-performing accounting team while fostering a collaborative and accountable culture.
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Oversee full-cycle upstream accounting activities, including revenue, joint interest billing (JIB), accounts payable, production accounting, and financial reporting coordination.
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Manage and support month-end, quarter-end, and year-end close processes, ensuring timely, accurate, and complete financial reporting.
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Review and approve journal entries, account reconciliations, and financial close deliverables.; perform variance analysis against budget, forecast, and prior periods.
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Assist with the preparation, review, and coordination of annual audited financial statements and supporting schedules, ensuring compliance with GAAP and internal controls.
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Serve as a primary point of contact for external auditors, tax advisors, and third-party service providers.
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Partner cross-functionally with Operations, Land, Revenue, FP&A, and other business teams to ensure accurate financial representation of business activities and performance.
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Identify, assess, and implement process improvements, system enhancements, and special projects to improve efficiency, controls, and data quality.
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Leverage accounting systems, reporting tools, and automation to streamline workflows and improve business insights.