Manager - Oil & Gas Revenue Accounting

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Role Title: Oil & Gas Revenue Accounting

 
Position: Manager

Position Summary: We are seeking a highly skilled and motivated Revenue Accounting Expert with 8-10 years of experience in the oil & gas industry to join our consulting team. The ideal candidate will have a strong background in SAP consulting, specifically within the Production Revenue Accounting (PRA) module of the IS-OIL industry solution. This role involves working closely with clients to deliver system implementations, manage projects, and enhance operational efficiency and revenue management. The successful candidate will provide strategic insights into revenue performance and play a critical role in optimizing our clients' revenue accounting practices.

Key Responsibilities:

• Advise clients on revenue recognition processes in accordance with GAAP and IFRS standards.
• Lead the translation of business requirements into technical specifications for SAP PRA implementations.
• Analyze and reconcile revenue accounts for clients, ensuring accuracy and completeness of financial records.
• Collaborate with client teams to gather requirements, analyze business processes, and design effective solutions that align with industry best practices.
• Prepare and review revenue-related reports, including monthly, quarterly, and annual financial statements for clients.
• Ensure compliance with internal controls and regulatory requirements related to revenue accounting for client engagements.
• Drive continuous improvement and innovation in processes and solutions, leveraging best practices.
• Support audits by providing necessary documentation and explanations regarding revenue transactions.
• Provide expert guidance on SAP PRA functionalities, including division order, production accounting, and regulatory compliance.
• Participate in special projects aimed at optimizing clients' revenue accounting processes and enhancing system performance.
• Develop and maintain strong relationships with clients, acting as a trusted advisor and point of contact throughout the project lifecycle.
• Lead delivery streams, manage projects, and engage with external clients.

Skills and Expertise Required:

• Strong knowledge of revenue recognition principles, particularly ASC 606 and IFRS 15.
• Proficiency in SAP Revenue Accounting and Reporting (PRA) and other ERP systems.
• Experience leading and managing SAP PRA module implementations for clients in the Upstream Oil & Gas sector.
• Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Strong attention to detail and accuracy in financial reporting and analysis.
• Effective communication skills, both written and verbal, to interact with clients and stakeholders at all levels.
• Ability to work independently and collaboratively in a fast-paced consulting environment.
• Proficient in Microsoft Excel and other financial analysis tools.

Experience Level:

• 8-10 years of experience in revenue accounting, specifically within the oil & gas industry and management consulting.
• Proven track record of successful project delivery in the Upstream Oil & Gas sector.
• Experience with joint venture accounting, production revenue streams, and SAP PRA is highly desirable.

Other Attributes of an Ideal Candidate:

• A bachelor’s degree, preferably in Business, Information Technology, or a related field.
• CPA or equivalent professional certification is preferred.
• Strong problem-solving skills and the ability to think critically in a consulting context.
• A proactive approach to identifying issues and implementing solutions for clients.
• Ability to manage multiple priorities and meet deadlines in a dynamic consulting environment.
• A commitment to continuous professional development and staying updated on industry trends and SAP PRA advancements.

If you are a dedicated and experienced revenue accounting professional looking to make a significant impact in a management consulting environment within the oil & gas industry, we encourage you to apply for this exciting opportunity.

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