The Role
Maintains corporate financial records, prepares journal entries and financial statements, reconciles accounts, supports consolidations, audits, budgeting, forecasting, and SOX controls. Handles oil and gas accounting activities including ARO, DD&A, revenue, JIB, and production accounting. Improves accounting workflows and ensures accurate, compliant reporting.
Summary Generated by Built In
Job Summary:The Corporate Accountant will play a key role in maintaining accurate financial records and supporting corporate-level reporting for an Oil & Gas organization. This role will be responsible for monthly close activities, account reconciliations, financial reporting, and ensuring compliance with industry-specific accounting standards such as successful efforts (SE) or full cost (FC) accounting. The ideal candidate will have strong attention to detail, a solid understanding of Oil & Gas accounting practices, and the ability to work in a fast-paced, deadline-driven environment.Key Responsibilities:
- Prepare and post monthly journal entries for corporate entities.
- Complete monthly, quarterly, and annual financial statements and internal reporting packages.
- Maintain the general ledger and ensure accuracy of financial data.
- Assist with consolidation of multiple subsidiaries or business units.
- Reconcile key balance sheet accounts and resolve variances.
- Prepare entries related to asset retirement obligations (ARO), depletion, depreciation, and amortization (DD&A).
- Assist with revenue, joint interest billing (JIB), and production accounting data as needed.
- Prepare audit schedules and support external auditors during annual audits.
- Support budgeting and forecasting processes with accurate accounting data.
- Prepare audit schedules and assist with external financial audits.
- Ensure compliance with SOX/internal controls and company policies.
- Participate in process improvements to streamline accounting workflows.
- Bachelor’s degree in Accounting, Finance, or related field.
- 2+ years of accounting experience; Oil & Gas experience preferred.
- Strong understanding of GAAP.
- Proficiency in Excel and accounting software
- Strong analytical, organizational, and problem‑solving skills.
- CPA or progress toward CPA.
- Experience with SEC reporting or public-company environments.
- Prior work with upstream or midstream operational accounting.
- Strong attention to detail and accuracy.
- Ability to manage multiple priorities and meet deadlines.
- Professional communication skills and ability to work cross-functionally.
- High level of integrity and commitment to quality.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- 2+ years of accounting experience
- Strong understanding of GAAP
- Proficiency in Excel and accounting software
- Strong analytical, organizational, and problem-solving skills
- Oil and gas accounting experience
- CPA certification or progress toward CPA
- Experience with SEC reporting or public-company environments
- Prior upstream or midstream operational accounting experience
- Strong attention to detail and accuracy
- Ability to manage multiple priorities and meet deadlines
- Professional communication skills and ability to work cross-functionally
- High level of integrity and commitment to quality
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The Company
What We Do
Valorem is a privately held oil and natural gas exploration and production company based in Oklahoma City, OK.
