Director of Lease Accounting

Confidential

Remote, Wichita, KS 67206, US
DOE
Job Type: Full-time
Job Type: Full-time

The Director of Lease Accounting will lead an oil & gas lease revenue accounting team responsible for capturing and reconciling lease volumes, payment processing, DOI maintenance, owner relations, 1099 filings, state unclaimed property filings (Escheat), etc. The Director will implement distribution processes, foster a collaborative environment with the team, and train new team members on established processes. Long term, he/she will seek ways to improve processes, controls, and procedures and develop and implement new processes, controls, and procedures as the business needs evolve.

The ideal candidate for this role is technically proficient, with extensive knowledge in lease accounting, distribution processes, and regulatory compliance within the oil & gas industry. They are a skilled problem-solver, adept at creating and improving processes to address evolving business needs and ensuring accurate and efficient financial operations. Additionally, they are highly collaborative, fostering a cooperative team environment and working closely with other departments to streamline reporting and data flow.

Responsibilities
Oversight of lease revenue team, including revenue accountants, tax accountants, and division order analysts
Oversight and/or participation in various lease accounting and compliance processes, including
Truck ticket reconciliations and uploads
Sub-well allocations
Processing of owner adjustments, including reject recoveries
Processing and distribution of operator run statements
Reconciliation of volumes and pricing
Processing of distribution payments
Processing of PPA’s
Processing of operator early payments
Preparation of reconciliations and analysis
Preparation of reports to management, corporate accounting, etc.
Regulatory compliance, including severance tax, withholding, railroad commission, T-1 reports, etc.
Manage the process, including data, research, and deadlines, for the unclaimed property filings (Escheat) to multiple states
Oversee annual 1099 and 1042 preparation
Assist with acquisitions, due diligence, internal/external audits, data conversions, and other special projects
Collaborate closely with other internal department leaders to improve processes and streamline existing reporting, systems, and data flow.
Maintain current documentation of policies, procedures, and processes.
Recommend and implement improvements that efficiently and effectively address changing business needs while maintaining or improving internal controls.
Assess team performance, hold team members accountable, and provide timely feedback as needed
Complete other duties and responsibilities as reasonably assigned by management.

Required Skills
4-year degree in accounting or related field
10+ years experience in lease accounting/distribution processes
3+ years supervisory experience
3+ years experience with oil & gas midstream company
Extensive knowledge of PakEnergy (WolfePak), including the first purchaser module
Experience related to oil and gas property asset acquisitions and divestitures, including required system setup for the acquired properties.
Strong proficiency in Microsoft Office, specifically Excel
Strong analytical skills and ability to create and/or improve processes
Ability to meet deadlines and produce results under tight deadlines
Excellent organizational skills
Strong written and verbal communication skills

Years of experienced required:

10+

Education level required:

4 Year Degree

Average Hours Per Week:

40+

Benefits:

Medical, Dental, Vision, Flexible Spending Accounts, Group Life with voluntary buy-up options, STD, LTD, Cancer Insurance, Accident Insurance, Teladoc, EAP, ID Theft Protection. Traditional and Roth 401k Option with $1:$1 company match up to 6% that vests immediately!

How to Apply:

Website: https://recruiting.paylocity.com/recruiting/jobs/Apply/2449979/Director-of-Lease-Accounting-Oil-Gas

Kansas Strong
100 S. Main
Suite 120
Wichita, Kansas 67202
P: 316-771-7167

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