Staff Accountant – O&G Prop

Formentera Operations LLC is the operator for Formentera Partners, an energy-focused private equity strategy founded in 2020 and based in Austin, Texas. We responsibly acquire and optimize producing oil and gas assets in onshore United States basins.

About the role

As an accounting analyst, you play a critical role in ensuring the accuracy, integrity, and compliance of our oil and gas properties across multiple entities. This position involves maintaining various accounting activities, including capital expenditure accruals, purchase price accounting, depletion, asset retirement obligations, impairment, reserve report testing, and special projects. You will collaborate with internal stakeholders to support decision-making processes, drive operational efficiency, and maintain accurate property balances.

Responsibilities

• Prepare accounting entries on a monthly basis ensuring timely and accurate reporting.
• Perform variance analysis and investigate discrepancies to identify trends, risks, and opportunities for improvement.
• Prepare and analyze reconciliations and rollforwards.
• Collaborate with other departments to provide accounting information to support internal stakeholders in making business decisions.
• Support external audits by providing documentation and explanations as needed to auditors.
• Assist on special projects as needed.

Requirements

• Bachelor’s degree in accounting, finance, or related field.
• CPA certification a plus.
• Minimum of 5 years’ experience in financial accounting/reporting, with at least 3 years in the upstream oil and gas industry.

Skills

• Exceptional analytical and problem-solving skills with the ability to communicate findings effectively.
• Detail-oriented with a high level of accuracy and adherence to deadlines.
• Excellent verbal and written communication skills, with the ability to convey financial information to both financial and non-financial stakeholders.
• Proven ability to work collaboratively in cross-functional teams and lead initiatives.

Physical Requirements

• Requires prolonged sitting, some bending, and stooping (with or without reasonable accommodation).
• Occasional lifting up to 25 pounds.
• Manual dexterity sufficient to operate a computer keyboard and calculator.

Benefits

• Competitive base salary.
• Annual bonus eligibility.
• 100% employer-covered health insurance premiums.
• 401K with 4% employer match.