Accounting Associate - Oil and Gas

Whitley Penn, one of the nation’s leading audit, tax, and advisory firms, is looking for an Associate to join our Energy Accounting and Consulting team in our Dallas office. This full-time, exempt role focuses on outsourced accounting functions and special projects within the Oil & Gas sector.

About the Role

The Associate will demonstrate a basic knowledge of Generally Accepted Accounting Principles (GAAP) specifically related to Oil & Gas Accounting, applying them under professional supervision. Performance is evaluated based on work quality, accounting knowledge application, and ability to meet deadlines.

Whitley Penn emphasizes collaborative teams, an open-door policy, entrepreneurial thinking, and a strong culture of learning, innovation, and shared knowledge. We seek professionals who think like owners and want to shape a high-growth firm.

Responsibilities

• Participate in client engagements to develop an understanding of the entire engagement process and gain real-world accounting and business knowledge.
• Monitor accounts payable and accounts receivable.
• Prepare daily receipts, monthly revenue intake sheets, spreadsheets, and inter-company reports.
• Ensure all monthly transactions are accurately recorded.
• Participate in monthly, quarterly, and yearly accounting cycles and prepare monthly financial statements.
• Coordinate Joint Interest Billing (JIB), revenue, and other monthly accounting processes.
• Perform monthly revenue-related tasks and analysis, including the monthly revenue close process and reconciliations for deferred revenue accounts.
• Support external audit activities.
• Identify, measure, and analyze data.
• Communicate and proactively work with clients to build trust-based relationships and gather information efficiently.
• Learn how engagement budgets connect to firm financial results and manage personal billable hours accordingly.
• Develop knowledge of the firm’s professional capabilities.
• Participate in community organizations/events through volunteer and networking opportunities.
• Engage in professional development, training sessions, and the firm’s annual performance management and goal-setting process.

Requirements

• 2-4 years of experience in Oil & Gas accounting and analysis, demonstrating progression in complexity, scope, and engagement assignments.
• BA or Master’s degree in Accounting or Financial Management.
• CPA or CPA eligibility preferred.
• Basic knowledge of Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS), specifically related to Oil & Gas Accounting.
• Familiarity with ARO, Depletion, Impairment, and other industry-specific calculations.
• Proficiency in Microsoft Office Excel.
• Proficiency in WolfePak and/or Ogsys accounting software.

Skills

• Positive attitude and professional appearance.
• Eagerness to learn and acquire new skills.
• Excellent analytical and problem-solving skills.
• Strong work ethic, time management, and ability to meet deadlines in a fast-paced environment; self-motivated and responsible.
• Organizational skills and ability to multi-task.
• Strong communication skills, both oral and written.
• Ability to work respectfully and productively with diverse individuals.

Benefits

• Firm-paid medical insurance (free employee-only coverage on 2 of 3 plans).
• Voluntary dental and vision insurance.
• 17 annual firm holidays, with extended breaks around July 4th and year-end.
• 20 days PTO.
• Paid maternity and parental leave.
• 401(k) with profit sharing.
• Discretionary bonus program.
• Firm-paid Becker CPA Review Course & reimbursement for exam fees.
• Health & wellness program.
• Pet insurance.

Schedule

Full-time, exempt position. In-office work expected at the Dallas location.