Principle Accountant Production Revenue Royalty Accounting Compliance (6420)
Statoil is an international energy company with operations in more than 30 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Norway with 21,000 employees worldwide, and are listed on the New York and Oslo stock exchanges. In just a few years Statoil has positioned itself as one of the largest lease holders in deepwater Gulf of Mexico (GoM). Our GoM portfolio is managed out of our Houston office. The Statoil Houston office, which was established in 2002, also manages our Alaska, Marcellus, Eagle Ford and Bakken shale gas portfolios. To date Statoil has invested more than USD $11 billion in US upstream activities, and currently produces more than 200,000 barrels of oil equivalent a day. We have US offices located in Anchorage, Austin, Houston, Stamford and Washington D.C. USA, and are looking for talented people to contribute to our growing activity base.
Qualifications- Bachelor's degree in accounting or finance required
- Minimum 7 years of experience in oil and gas accounting including at least 3 years in production revenue royalty accounting
- Experience with onshore properties (operated and non-operated)
- Solid understanding of COPAS and Sarbanes Oxley compliance documentation
- Advanced system experience and working knowledge in using PRA module in SAP
- Some leadership experience a plus
- Must possess strong technical accounting skills and experience
- You will be pro-active, self-motivated and capable of independent work across all your areas of responsibility and a person who enjoys and thrives in a team-oriented environment. You will have strong interpersonal skills, including conflict resolution skills and high ethical integrity
- Must be able to liaison across departments where distinction in roles and responsibilities are in the process of being developed
- Flexible with changing priorities
- Excellent communication & organizational skills
- Able to drive changes and influence across organizational boundaries
- Ability to be hands-on, drive processes and follow through
- Able to combine creativity, innovation and flexibility with an uncompromising professional standard
- A strong network and the ability to draw on other resources is an advantage
- Committed to Statoil’s values and high ethical standards
- Successful candidate for this PRRA role will be responsible for accurate and timely production, revenue and royalty accounting and payments. This includes active coordination with the asset organizations and mid stream/marketing functions in activities, handoffs and results. Will be expected to contribute to the day to day processes as well as a demonstrate a continual improvement mindset.
- Ensure regulatory and ONRR reporting requirements and inquiries in am accurately and timely manner
- Prepare assigned account reconciliations (revenue, royalty, expenses and receivables)
- Analyze and resolve outstanding account balances
- Prepare revenue-related journal entries
- Coordinate timely and accurate responses to royalty owner inquiries
- Drive process, control and systems improvements
- Additional duties as assigned
- Statoil offers a competitive salary and a comprehensive benefit package. Statoil is an equal opportunity employer.