Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal properties located in the Utica Shale in Eastern Ohio, the SCOOP Woodford and SCOOP Springer plays in Central Oklahoma.
Gulfport aims to create sustainable value through the economic development of our significant resource plays in the Utica and SCOOP operating areas. Our strategy is to develop our assets in an environmentally responsible manner, while generating sustainable cash flow, improving margins and operating efficiencies and returning capital to shareholders. To accomplish these goals, we allocate capital expenditures to projects we believe offer the highest rate of return and we deploy leading drilling and completion techniques and technologies in our development efforts.
Title:
Supervisor - Revenue Accounting
Full-Time/Part-Time:
Full time
FLSA:
United States of America (Exempt)
Description:
Job Summary:
The Revenue Accounting Supervisor will be responsible for the day-to-day operation, planning oversight and guidance of the Revenue Accounting staff and will be responsible for the design, implementation, and execution of the daily accounting and financial reporting of revenue activity and transactions.
Primary Responsibilities
- Owns the revenue cycle including review of contracts to determine appropriate revenue recognition in accordance with current and emerging accounting pronouncements.
- Analyzes business transactions of moderate complexity and determines appropriate accounting treatment through research or collaboration with subject matter experts.
- Provides knowledge and expertise as a core team member in the development and formulation of business strategy, implementation and objectives as it relates to the revenue accounting function and accounting processes.
- Reconciles and/or analyzes revenue general ledger accounts and proposes necessary adjusting entries, as required to support the monthly financial reporting process.
- Leads continuous review and improvement of revenue systems and business processes.
- Prepare management reports including revenue accrual, analysis and metrics and assists with the development of new models and reports to support the revenue forecasting function.
- Supports and provides information and explanation for audit activities and is a main point of contact for all revenue cycle testing and explanations.
- Reviews work of revenue staff to ensure compliance with SOX policies and procedures.
- Develops and maintains policies and procedures, systems and best practice methods to improve revenue cycle efficiencies with workflow.
- Maintains accounting practices that are in compliance with established accounting policies and GAAP requirements and adheres to company policies and procedures and stays abreast of changes.
- Ensure monthly accounting close deliverables and reporting requirements are accurate and delivered on time.
- Effectively partners with operational teams to understand business, system or process changes that will affect financial results or internal controls.
- Documents SOX internal control procedures, identify control gaps, and implements remediation for specified areas.
- Creates an effective work environment by developing a common vision, setting clear objectives, expecting teamwork, recognizing outstanding performance and maintaining open communications.
- Ensure all state tax and regulatory reports are filed timely and accurately.
- Other duties and responsibilities as assigned by management.
Knowledge, Skills, Abilities:
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
- Knowledge of the oil and gas revenue process from beginning to end.
- Ability to write reports, business correspondence, and procedure manuals.
- Advanced oral and written communication and interpersonal skills and organizational ability.
- Demonstrates working knowledge of severance tax, state/federal royalty regulatory filings.
- Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
- Ability to solve problems involving several concrete variables in standardized situations and to escalate when appropriate.
- Strong analytical and organizational skills with attention to detail in order to adapt to varied workflows, multiple tasks, deadlines, and changing priorities.
- Ability to work independently and in a team environment.
- Willingness to take initiative, embrace change and accept responsibility of increasing complexity.
- Solid time management skills; ability to handle multiple projects, meet deadlines and function independently and efficiently in a fast-paced environment.
- Must be deadline-focused with the ability to understand how the details impact the overall reporting.
- Intermediate knowledge of Microsoft Office specifically Word and Outlook. Experience with SSI and/or Quorum preferred.
- Must have excellent presentation and communication skills
- Advanced Excel proficiency
Education/Experience:
- Bachelor's degree in accounting or business-related field and 5+ related years of relevant revenue accounting experience with management experience.
- Experience working in Oil & Gas accounting with industry knowledge and terminology.
- Strong financial systems background with preferred proficient in Oil & Gas ERP systems.
- Strong technical accounting background with a thorough understanding of all accounting standards and policies.
- Expertise in working with internal and external audit teams and being comfortable presenting to senior management.
- Experienced in providing strong leadership, mentoring, coaching, counseling and development to direct reports as required.
- Familiarity with COPAS guidelines.
Physical Requirements:
- The ability to use a computer or phone for extended periods.
- Basic use of office equipment such as a copier.
- Ability to lift 10 pounds occasionally.
- Ability to concentrate.
- Ability to sit for long periods of time.
Work Environment:
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, along with equipment necessary to design, draw, and execute plans.
Position Type and Expected Hours of Work:
This is a full-time exempt position. Days and hours of work will vary due to workload and needs of the company.
Travel
Minimal travel is expected for this position.
Equal Opportunity Employer:
This description is intended to describe the type of work being performed by a person assigned to this position. It is not an exhaustive list of all duties and responsibilities required by the employee.
Gulfport Energy is an Equal Opportunity Employer and is committed to the principles of equal employment opportunity for all employees and applicants for employment. Gulfport also provides reasonable accommodations to qualified individuals with disabilities, except where such an accommodation would cause an undue hardship.
