Accounting Associate - Oil and Gas

Associate PositionWhitley Penn, one of the nation's leading audit, tax, and advisory firms, is looking for an Associate to join our team!The Associate is expected to demonstrate a basic knowledge of Generally Accepted Accounting Principles specifically related to Oil & Gas Accounting, with the ability to appropriately apply them to conduct outsourced accounting functions and special projects, under the supervision of various professionals. Assignments may include, but are not limited to, monitoring accounts payable and receivable, participating in monthly, quarterly and yearly accounting cycles, preparing monthly financial statements, and conducting monthly revenue-related tasks. Performance is evaluated based on the quality of work, application of accounting knowledge, and ability to meet specified time constraints and deadlines.Whitley Penn has become one of the fastest growing public accounting firms by providing exceptional, personalized service that reaches far beyond traditional accounting. In addition to Audit and Tax solutions, we offer a wide range of Advisory and Consulting services. We work in collaborative teams with an emphasis on an open-door policy, entrepreneurial thinking, and a well-built culture. At Whitley Penn, we learn, innovate, and achieve by sharing knowledge, embracing new ideas, and working together. We're looking for professionals who think like owners and want to be part of shaping a high-growth firm.Position Details:Classification: Full-time; ExemptDepartment: Energy Accounting and ConsultingLocation: HoustonOffice Expectations/Hours: Hybrid; (WFH Wednesday/Friday) general work schedule is Monday – Friday, 8 hours/day between 8am to 5pm with overtime, as needed.What You Will DoParticipate in client engagements where you will develop an understanding of the entire engagement process and gain real-world accounting and business knowledgeMonitor accounts payable and accounts receivablePrepare daily receipts, monthly revenue intake sheets, spreadsheets files and inter-company reportsMonitor and ensure that all monthly transactions are accurately recordedParticipate in monthly, quarterly and yearly accounting cycles and prepare monthly financial statementsCoordinate JIB, revenue and other monthly accounting processesPerform monthly revenue related tasks and analysis, including monthly revenue close process and reconciliations related to deferred revenue accountsSupport external audit activitiesIdentify, measure and analyze dataLearn to communicate and proactively work with clients to build trust-based relationships and gather information needed to conduct assignments in an organized and efficient wayLearn how engagement budgets connect to firm financial results and how to manage your personal billable hours to engagement budgetsDevelop knowledge of the firm, including its professional capabilitiesParticipate in community organizations/events through volunteer and networking opportunitiesParticipate in professional development and training sessions throughout the yearParticipate in the firm's annual performance management and goal setting processWhat You Need to Get Here2-4 years of experience in Oil & Gas accounting and analysis, demonstrating a progression in complexity, scope and number of engagement assignments.BA or Master's in accounting or financial management.CPA or CPA eligibility preferredBasic knowledge of Generally Accepted Accounting Principles and Generally Accepted Auditing Standards, specifically related to Oil & Gas AccountingFamiliarity with ARO, Depletion, Impairment and other industry specific calculationsProficiency in Microsoft Office ExcelProficiency in WolfePak and/or Ogsys accounting softwareA positive attitudeA professional appearance and demeanorAn eagerness to learn and acquire new skills and knowledgeExcellent analytical and problem-solving skillsA strong work ethic, strong time management skills and the ability to meet deadlines in a fast-paced environment; responsible and self-motivatedOrganizational skills and ability to multi-taskStrong communication skills, both orally and in writingAbility to work respectfully and productively with diverse individuals in a variety of rolesWhy Whitley PennOur total rewards are incredibly competitive. We work hard and recharge so that we can be our best selves for our clients. Explore some of our benefits below:Firm Paid Medical Insurance (Free Employee Only Coverage on 2 of 3 plans)Voluntary Dental and Vision Insurance17 Annual Firm holidays, with extended breaks around July 4th and year end20 days PTOPaid Maternity and Parental Leave401(k) with Profit SharingDiscretionary Bonus ProgramFirm Paid Becker CPA Review Course & Reimbursement for Exam FeesHealth & Wellness ProgramPet InsuranceWhitley Penn is proud to be an equal opportunity workplace. We recruit, employ, train, compensate, and promote without regard to age, race, creed, gender, color, religion, national origin, sexual orientation, gender identity, veteran status, disability or any other basis protected by applicable federal, state, or local law. Whitley Penn is a participant in E-Verify. All employment is decided on the basis of qualifications, merit, and business need.