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Company: True Oil LLC
Location: Casper
Posted on: May 28, 2023

Job Description:

This is a full time position that is responsible for supervising and processing the monthly oil and gas sales and payment of royalties and associated fees and taxes related to the operations of True Oil LLC, including maintenance of tax masters as necessary to process royalties. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily with or without reasonable accommodation. This position is responsible for: Overseeing monthly revenue run process. Recording oil and gas sales. Reviewing monthly revenue check-write process. Completing monthly general ledger account reconciliations and analysis; preparing any necessary corrections to clear balances for assigned accounts on a monthly basis. Preparing accounts receivable reconciliation report and resolving outstanding balances for assigned properties on a monthly basis. Preparing federal and state royalty and tax reports and making related general ledger (G/L) entries to record/clear payments. Preparing journal vouchers and auditing folder workpapers, as assigned. Monthly process of state taxes in all necessary states, quarterly process of state taxes, and annual ad valorem taxes in states of operation. Supervising and preparing periodic escheat processes, filing unclaimed property reports with all necessary states. Responsible for researching any changes and staying current with these filing obligations. Reconciling suspense funds, escrow funds, and sliding step scale royalty, reduced royalty rate for the federal government and may include the State of Wyoming; royalty reporting and payment to the State of Wyoming and the federal government; rental recoupment and correspondence; assist Land with minimum royalty payments and reporting. Ensuring True Oil is in compliance with applicable taxes and regulations surrounding the revenue process. Communicating with Operations team, Land Dept., Production Dept., customers, vendors, and employees in the normal course of business, including communication with royalty owners, as well as state and federal agencies. Communicating with Production Dept. on monthly and annual production and sales volumes for all state and government regulatory reporting. Working with Production Dept. regarding Excalibur production accounting and revenue sales and allocation concerns and any volume discrepancies. Communicating with True Oil LLC's Oil and Gas Purchasers regarding sales volumes and values. Training, developing and supervising revenue accounting team Performing special projects that require knowledge of oil and gas revenue accounting. Minimum requirements include: Bachelor's degree in Accounting or equivalent education with five (5) years of experience and two (2) years of supervisory experience; an equivalent combination of education, experience and/or abilities may be considered. Knowledge of Microsoft Outlook, Excel and Word software applications. Ability to use a 10-key by touch; proficiency with computer keyboarding; and the ability to use a copier, fax machine and scanner. Ability to calculate financial amounts and indicators. Ability to research and interpret rules and regulations to solve complex issues. Attention to detail with the ability to verify accuracy in one's own work. English language fluency, verbal and written. Acceptable results of a pre-employment background check and drug/alcohol test. We offer a competitive wage, 100% funded profit sharing plan, vacation, life insurance, identity theft protection benefit, family health plan, dental insurance, vision insurance, short term disability, tuition reimbursement, 401(k) employer match and incentives. Our total rewards are outstanding and our Accounting team will embrace and support your growth and development wants and needs! Aside from an amazing career opportunity, this position is located in the heart of the Cowboy State. Casper is a hub of fun things to do. In fact, Casper offers many of the best things to do in Wyoming, all in one place. With amazing landscapes to explore like Casper Mountain, the legendary North Platte River, Edness Kimball Wilkins State Park, Fremont Canyon's stunning rock walls and miles upon miles of multi-use trails, you can get your fill of the great outdoors in Casper. But the adventure doesn't stop when you head inside. Casper is also home to more than a dozen great museums, touchable natural and human history, amazing local dining, craft breweries and distilleries as well as a vibrant arts and music scene. For more information into our wonderful community please the Visit Casper website. To apply, please visit the True companies website and select Careers. True Oil LLC is an Equal Opportunity Employer - Vets, Disability Employment Type: Full Time Years Experience: 5 - 10 years Bonus/Commission: No

Keywords: True Oil LLC, Casper , Supervisor, Other , Casper, Wyoming

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