Revenue and Regulatory Accountant
IKAV Energy Inc is a private E&P company with its US headquarters in Durango, Colorado, and belongs to the global energy infrastructure group, IKAV. IKAV has worldwide offices in Hamburg, Luxembourg, Milan, Madrid, Lisbon, Munich, and Paris and has launched its US franchise in 2019 managing and operating a billion-dollar portfolio on a long-term basis.
At IKAV, teamwork is at the heart of our operations and is only strengthened by the many diverse and professional backgrounds that shape our team. IKAV believes in flat hierarchies and the empowerment of team members. In return, we expect exceptional motivation, a high degree of independent thinking, and the ability to spot opportunities for optimization and growth.
- Conduct the monthly Revenue and Regulatory accounting close processes including but not limited to:
- Verifying revenue contract pricing where relevant
- Booking non-operated properties
- Preparing monthly accruals and account reconciliations as assigned
- Processing of prior period adjustments
- Assisting in analyzing suspense/receivables accounts, monthly variances
- Assisting with annual 1099 and DR-0021 filings and internal/external audits as relevant
- Ensure accuracy in calculation, reporting and payment of ONRR, Tribal, Colorado and New Mexico royalty and respective severance tax obligations
- Coordinate with Production and Revenue accounting to reconcile production, tax and royalty reporting to state and federal regulatory agencies
- Follow internal control policies and procedures
- Build relationship with Production and Midstream accountants to assist in executing activities
- Work in conjunction with Division Order team to review/process escheatable items and ensure correct ownership
- Work in partnership with functional organizations to drive improvements to add to the efficiency and effectiveness to the Revenue and Regulatory processes and controls in addition to other areas of the company
- Participate in training and development to maintain current knowledge and understanding of forthcoming changes to ONRR, Tribal, Colorado and New Mexico tax and royalty obligations
- Adhere to established internal controls as well as identify opportunities for improvements.
Required Skills and Abilities
Must demonstrate strong communication skills and have strong analytical skills
Practices and encourages open, honest and timely communication within the team
Lead and foster a culture of ethical behavior that supports compliance programs and strong auditing and financial controls.
Dynamic thinking that demonstrates a high level of personal motivation and organizational skills with an understanding of accountability and sound judgement
This job description is not intended to be an all-inclusive list of duties and responsibilities of the position.
Requirements
6 years or more of revenue and ONRR, CO and NM tax and royalty experience required
Minimum of 6 years oil and gas industry experience
Experience with W Energy and COGNOS reporting a plus
Experience with Power BI and Microsoft SQL a plus
Experience working in a growing start up environment strongly preferred
Bachelor’s degree in accounting, finance or business preferred
Ability to work independently and as part of a team
