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Accounting Advisor, Royalty Compliance Job

Date: Mar 8, 2019

Location: Houston, Texas, US

Company: Hess Corporation

ABOUT HESS CORPORATION

Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. 

We have an industry leading position in the Bakken in North Dakota – a key U.S. shale play. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. The company is engaged in exploration and appraisal activities offshore Guyana, participating in one of the industry’s largest oil discoveries in the past decade, as well as the Gulf of Mexico, Suriname and Nova Scotia.

Hess aims to attract, retain and energize the best people by investing in their professional development and providing them with challenging and rewarding opportunities for personal growth. We are always looking for talented professionals who share our values and are passionate about making a difference in the world and in their careers. We strive to meet the highest standards of corporate citizenship by protecting the health and safety of our employees, safeguarding the environment and creating a long-lasting, positive impact on the communities where we do business.

For more information about Hess Corporation, please visit our website at Hess.com. 

POSITION SUMMARY

Hess Corporation is seeking a high performing individual with regulatory compliance and revenue expertise who will be the ONRR primary contact and responsible for ONRR compliance and state royalty. The role includes delivering valuation analysis required by Federal regulations which includes Indian valuation as well as SAP PRA maintenance.  The individual will be involved with State severance tax, unclaimed property, 1099 & Non-Residential withholding, and IRS tax issue. The individual will have responsibility for researching, coordinating and addressing Agency audits. They should possess strong problem solving, organizational, communication, collaboration skills, and a high level of initiative to realize department deliverables and goals within aggressive deadlines.

 

The job requires a proactive, self-starter with good decision-making skills who can work independently while interpreting and analyzing information specifically for regulatory compliance. This includes utilizing SAP PRA skills to improve the royalty compliance and revenue processes. This role requires a strong team player with high standards of excellence, attention to detail and ability to multi-task, who can represent Finance in meetings with executive management, business leadership, and other disciplines.

 

This role will have exposure to senior management, as well as the Corporation’s internal and governmental agency auditors. This requires collaboration with Legal, Commercial, Crude Oil Marketing, Gas Marketing, Gas Plant Accounting, Land Asset Management, as well as external technical experts to deliver the valuation analysis to senior management.  The individual will report to the Revenue Manager, and be a key member of the Regulatory Compliance staff, working with various Finance groups.

 

ROLES/RESPONSIBILITIES

  • Ensure accuracy of ONRR 2014 Reports prepared by Hess Houston.
  • Have a demonstrated ability to interpret ONRR regulations to enable compliance and ensure allowable deductions are being utilized, as well as royalties are paid correctly. Responsible for review of Non-Arm’s Length Capex & Opex Allowance calculation.
  • Technical expert responsible for ONRR unbundling requirements for all assets.
  • Responsible for technical direction, research, coordinate, address, and respond to Agency audits. Involved in projects relating to State severance tax, royalty, and 1099 & NRA withholding process.
  • Primary focus will be on analysis, interpretation, and problem-solving.
  • Possess a sound knowledge of production, revenue, and gas plant accounting which requires understanding of the field setup, flow, and revenue bookings that integrate into the tax and royalty reports.
  • As a specialist in the SAP PRA royalty compliance modules, deliver improvements which will include set up of settlement diversity contracts.
  • Perform testing of new system implementations or enhancements related to compliance module - Roadmap XT-200
  • Ensure special projects are completed accurately and timely.
  • Communicate key business issues and provide insight on how the compliance and financial accounting for those issues are handled, delivering solutions to their conclusion.
  • Document and maintain departmental processes.
  • Assist in developing and promoting sound recommendations that enhance efficiency and effectiveness of the department.
  • Demonstrate initiative in seeking additional responsibility and process improvement opportunities.  

 

QUALIFICATIONS

  • Minimum 15 years of Oil and Gas experience with several years of federal royalty experience.  State royalty, severance tax, 1099 & NRA withholding experience is a plus.
  • Strong knowledge of Oil and Gas revenue accounting principles.
  • Strong analytical, interpersonal, organizational and documentation skills.
  • Specialist knowledge of SAP PRA and settlement diversity set ups, Roadmap XT-200 is a plus.
  • Familiar with ONRR-2014 Report within SAP PRA, ONRR 2.0 is a plus.
  • Excellent communication skills, both written and verbal.
  • Ability to work independently or in a team.
  • Ability to work in time-sensitive environment and meet deadlines.

 

Education, Training & Certifications

  • Bachelor’s Degree in Accounting is required.  Master’s Degree is a plus.  CPA preferred.

 

Competencies

The Hess Way of Working refers to competencies considered absolute pre-requisites for success. How you deliver results is as important as what you achieve. Every employee is expected to demonstrate the behaviors within these competencies to be considered an effective performer and, ultimately, earn career growth opportunities.

  • Builds Trusted Relationships
  • Develops Talent
  • Creates Effective Teams
  • Thinks Strategically
  • Inspires Innovation
  • Demonstrates Courage
  • Drives Continuous Improvement
  • Makes Quality Decisions
  • Delivers High Performance


Hess is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, protected veteran status, disability status, or any other characteristic protected by law.

Posting Notes: Brad Janik | Employee | Finance | United States| Texas | Houston | | |  | | No | 25000