Summary:
This is a full-time position is responsible for the execution and supervision of mid-office duties and tasks in support of Eighty-Eight Oil’s business operations and strategies. Specifically, this position requires the incumbent to supervise multiple processes and to input, monitor, analyze, reconcile, present, report, and make recommendations to team members and company/senior management regarding operational accounting and mark to market (M2M) information. The incumbent must monitor purchasing, ticketing, contracts, inventory, and M2M operations to ensure accomplishment of business objectives. The incumbent must be able to effectively understand and analyze this information through a number of mediums and be able to effectively communicate and articulate it to team members and management. Finally, this position requires the individual to continually monitor, assess, and recommend process, procedure, and analytics improvements and best practice upgrades. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily with or without reasonable accommodation.
Responsibilities:
•Assists and supports the Mid-Office and Risk Manager in conducting the below mid-office functions:
+ Monitors M2M positions and makes recommendations regarding optimization of M2M.
+ Monitors price curves and services and makes appropriate recommendations to team members regarding pricing and margin decisions.
+ Maintains market and forward curves in RightAngle and has the ability to adjust the calculation when the economics change.
+ Monitors and refines the lease forecasting process based on information and touchpoints with the Lease Marketing Group.
+ Maintains knowledge of systems used to produce mid-office information and makes recommendations to the Manager.
+ Monitors daily crude oil and refined product pricing inputs in relation to overall markets as well as internal company procedures.
•Compiles relevant information and data and presents to team members and company leaders in most effective and timely manner.
•Manages “operations-centric” accounting duties, including RightAngle deals and monthly close, contracts, crude ticketing, and monthly netouts.
•Maintains “Transfers” and “Orders” volumes and “Strategies” and “Market Volumes” in RightAngle to enhance mid office reporting.
•Maintains continual, constant communication with the Accounting Department.
•Serves as the primary point of contact for external/customer accounting inquiries and interactions with EEO customers.
•Serves as the alternate/backup for the Inventory Reconciliation Process in RightAngle.
•Manages EEO’s physical tank inventories, from a month end perspective:
+ Compiles inventory information from field locations
+ Calculates and summarizes “NET” inventory volumes
+ Confirms reported inventory tank strappings, meter provings, and meter readings
+ Investigates/corrects inventory discrepancies
+ Summarizes month end physical volumes for input into RightAngle.
•Serve as the primary/first point of contact for new-hire orientation and training in Right Angle and EEO monthly business cycle operations.
Qualifications:
•A Bachelor’s degree in business, finance, accounting, or a related field; or an equivalent combination of education and/or experience may be considered.
•5+ years of experience in the oil and gas sector.
•Strong knowledge of finance and accounting concepts and principles.
•High proficiency in the following systems: Microsoft Suite, RightAngle, Oracle, Process Maker
•English language fluency, verbal and written.
•Acceptable results of a pre-employment background check and drug/alcohol test.
Benefits:
This is a full-time position with a competitive wage, 100% funded profit-sharing plan, vacation, paid sick leave, basic life insurance, voluntary life insurance, identity theft protection benefit, family health plan, dental insurance, vision insurance, short term disability, tuition reimbursement, 401(k) - Roth and Traditional with employer match and incentives.
Eighty Eighty Oil Company is an Equal Opportunity Employer - Vets, Disability
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