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Compensation Grade
ONS-USD-36Who We Are
INEOS Energy
INEOS Energy is the energy division of INEOS, we produce and trade oil, gas, power, liquefied natural gas (LNG) and carbon credits. Operating across the Danish and UK North Sea with offshore oil & gas assets and onshore assets in South Texas, US. This is supported by our investments and projects in low carbon technologies, which will help sustain our business through the energy transition.
The key focus for the US Onshore business is to acquire, explore and develop properties to produce natural gas, oil and NGL from underground reservoirs safely and efficiently. Key operated assets are in the Eagle Ford shale basin in South Texas. With over 2,000 well producing net 36kBOE per day.
Owning and operating producing US onshore assets is part of INEOS Energy’s strategy to build a global integrated portfolio, fit for the energy transition, offering high-quality energy solutions to its customers.
About the job
Job Title: Revenue Accounting Manager Department: Accounting
Summary of Position
The Revenue Accounting Manager will be responsible for all aspects of revenue and marketing accounting. The successful candidate will proactively lead the revenue and marketing accounting team, manage various projects, design and execute controls to ensure operated and non-operated revenue is accurate, and prepare and review account reconciliations and analysis.
Responsibilities
Lead revenue and marketing team including hiring, training and on-going performance management.
Responsible for all areas of monthly check-write process.
Ensure adherence to regulatory requirements including monthly tax filings.
Provide monthly analysis and explanations for revenue, gathering, transportation, and tax expense.
Collaborate with IT, production reporting, division order and leadership teams to ensure the monthly revenue process is efficient, accurate and timely.
Responsible for monthly operated and non-operated revenue accruals.
Manage all aspects of marketing accounting including accounts receivable and invoicing, gathering and processing statement reconciliations, netback preparation and inventory.
Develop a solid understanding of unique contracts related to revenue and marketing. Design processes with the assistance of IT to properly account for these contracts accurately and efficiently.
Establish and maintain a process to manage prior period adjustments for operated properties.
Review and prepare monthly account reconciliations and analysis.
Ensure monthly/quarterly ownership reporting is complete including revenue portions of payout.
Lead and participate in special projects, as needed.
Provide technical support and advise based on expertise and industry experience.
Qualifications
Bachelor’s degree in Accounting or related degree
10 years of experience in Revenue Accounting, specifically related to oil and gas
3 years of experience as a supervisor or lead
Proficient in Microsoft Office, specifically Excel
SAP experience preferred
Strong analytical and research skills
Strong ability to proactively create and improve processes
Team-oriented individual
Ability to work in a fast-paced and fluid environment; flexible with the demands of a growing company
Ability to meet deadlines
Ability to confidently present and execute ideas
Relocation:
Preferential treatment will be granted to candidates residing in the Denver metropolitan area.
Work Authorization:
INEOS USA Oil & Gas LLC is not currently sponsoring employment visas for this position.
Compensation & Benefits
Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act (EPEWA) and Equal Pay Transparency Rules. It is estimated based on what a successful Colorado applicant might be paid. It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation.
Compensation:
The annual rate for this position generally ranges between $153,000-$170,000 with an opportunity for a company-wide annual discretionary bonus, of up to 45% of eligible pay. This role, depending on skill level and experience, may also participate in the Long-Term Incentive Plan with annual awards, vesting over three years. These ranges are estimates, based on potential employee qualifications, operational needs, business performance to metrics, and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.
Benefits:
Benefits package includes healthcare, dental, and vision insurance for employees and eligible dependents. INEOS also offers several other wellness, financial, and work/lifestyle-specific benefits. 401(k) retirement has both an automatic 3% company contribution and a match of up to an additional 6% of eligible compensation. We offer generous paid time off that includes both sick and vacation which is based on and increases, with industry experience.