Marine Well Containment Company Looking for Staff Accountant at Houston, TX  Full Time

See www.marinewellcontainment.com for more information.

Position Overview & Responsibilities

The staff accountant is responsible for the accurate recording, analysis, and reporting of financial transactions. They will be a key member of the finance team responsible for maintaining financial records, preparing internal and external financial reports, and supporting various financial processes within the organization. They will play a vital role in ensuring compliance with accounting standards and regulations.

PRIMARY RESPONSIBILITIES

• Responsible for recording and classifying financial transactions accurately and in accordance with generally accepted accounting principles
• Assist with the preparation of financial reports for internal and external stakeholders
• Collaborate with vendors, customers, and members regarding financial transactions, statements, and related matters and maintain positive relationships
• Provide financial support, including forecasting, budgeting, and analyzing budget variances
• Manage all payments and ensure that vendors are paid timely
• Process vendor invoices and create customer billings
• Manage timely collection of accounts receivable balances
• Ensure compliance with company policies, accounting principles, and relevant regulations
• Identify opportunities to streamline and improve accounting processes and procedures
• Stay updated on accounting standards and regulations to ensure compliance

Responsibilities for this position include but are not limited to:

• Work as a member of the MWCC Emergency Response Organization on an as needed basis in the event of activation or preparation/drills for same, in response to a well control incident, and perform job duties commensurate with your assigned role
• Participate in month-end and year-end closing procedures, including accruals and adjustments, ensuring all financial transactions are properly recorded and reported
• Monitor and analyze expenses, highlighting any variances or discrepancies for further investigation
• Collaborate with cross-functional teams to ensure accurate and timely recording of transactions and internal reporting of financial results
• Perform monthly account reconciliations and identify and resolve any discrepancies to ensure accuracy
• Process vendor payments timely and obtain proper management approval
• Maintain vendor banking instructions in the online system and ensure accuracy
• Record monthly cash activity and reconcile to the bank statements
• Assist in the preparation of the monthly and quarterly Finance Report and distribution to member finance contacts
• Prepare the corporate and G&A monthly business review report which includes collaboration with departments to obtain forecasts
• Prepare actual to plan report for leadership’s review of monthly financial results
• Process accounts payable transactions related to payroll and charter in activities and record any necessary general ledger account allocations
• Manage accounts receivable transactions for cash calls, well fees, and charter out activities, which includes related payment calculations, management approvals, and invoicing
• Monitor accounts receivable balances and notify Controller of any overdue balances
• Maintain covered well addendum schedule, prepare monthly well fee reporting, and collaborate quarterly with members to update well fee forecast
• Maintain deferred well fee schedule and record monthly well fee revenue
• Record monthly charter prepayment amortization activity and prepare monthly charter actual to plan analysis
• Maintain lightering level cost schedules, which includes the collaboration with vendor to obtain quarterly lightering level information and coordination of the internal review and approval of lightering level
• Maintain debt and interest schedules, record monthly interest expense, and prepare quarterly debt compliance reporting
• Record monthly ASC 842 lease accounting entries and review new contracts to determine if they fall under this accounting treatment
• Input the annual budget into the accounting system and reconcile to the approved ExCom budget schedule
• Assist in the preparation of audit schedules and provide support during external and member audits
• Back up other team members’ responsibilities when needed

Response Specific Responsibilities

Below are the responsibilities for this position related to and during the timeframe MWCC is activated to respond to a well control incident in the U.S. Gulf of Mexico.

• Create monthly incident costs billing to responsible party
• Assist in the tracking, reporting, and forecasting of incident costs
• Calculate and track charter costs
• Back up other section team members’ responsibilities as needed

General Background, Qualifications, & Experience

• Bachelor’s degree in accounting
• Minimum of 5-7 years of previous accounting experience
• Experience working in the offshore oil and gas industry
• SAP experience
• Strong understanding of accounting principles and practices
• Proficient in Microsoft Excel with intermediate knowledge of formulas for data analysis
• Proficient in Microsoft PowerPoint and Word for preparing reports and presentations
• Is a team player and has a collaborative working style
• Ability to multi-task and meet deadlines
• Demonstrated analytical abilities, problem-solving skills, and attention to detail
• Strong customer service skills
• Has a strong results orientation and personal accountability
• Displays innovation with a curiosity and openness to new ideas
• Communicates effectively both verbally and in writing
• Maintains effectiveness in a changing environment

Location: Houston, TX

Travel: None

Schedule: Eligible for 5/40 or 9/80 schedule

Physical Demands

Office Based Jobs

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand, walk, climb stairs, use hands to finger, handle or feel; and reach with hands and arms close to and overhead of their body. The employee may occasionally lift and/or move items up to twenty-five pounds.

Marine Well Containment Company provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.