INDUSTRY: Oil & Gas Services

LOCATION: Oklahoma City, OK

CONTEXT: Our client, a private equity-backed E&P operator based in Oklahoma City, is actively seeking a Financial Reporting Manager who will support pre-IPO activities and will lead internal and external reporting requirements. This position will be integral to the finance team and needs to be an enthusiastic, positive and hands-on individual who thrives in a fast-paced start-up/pre-IPO environment. The ideal candidate will have SEC and E&P oil and gas expertise including experience with public financial reporting, prior responsibilities with technical accounting issues and preparing 10K and 10Q.

ESSENTIAL FUNCTIONS

• Develop and maintain the monthly, quarterly and annual financial reporting process (internal and external).
• Responsible for format, content and distribution of all financial reporting; to management, private-equity owners, Board of Directors and financial institutions.
• Financial reporting includes monthly and annual GAAP statements and numerous non-GAAP reports of various financial measures.
• Ownership of the preparation, accuracy, completeness, and timeliness of external financial statements, disclosures, reporting policies, procedures, and internal controls.
• Manage and coordinate all financial reporting controls, including an internal review of financial statements, documentation of financial statement support, and review and approval of reports by Executive Management and Owners.
• Develop the financial reporting cycle, best practices and data flow among financial systems in compliance with SOX requirements.
• Manage the preparation of consolidated financial statements, footnotes and disclosures ensuring compliance with US GAAP and SEC regulations.
• Participate in the financial close process including preparing journal entries and account reconciliations for various complex accounting topics including stock-based compensation, capitalized software, consolidations, foreign currency, etc.
• Partner with key stakeholders in connection with strategic transactions including performing due diligence and valuations as required.
• Perform technical accounting research and prepare accounting memos on complex issues such as debt and equity issuances, business combinations, debt modification, and extinguishments, collaboration agreements and share-based compensation arrangements.
• Lead and participate in various governance activities including developing policies and procedures, the delegation of authority, and implementing controls.
• Manage the preparation and coordination of SEC 10-Q/K filings including all financial statements, footnotes and Management’s Discussion & Analysis.
• Maintain internal controls for reporting processes and SEC filings.
• Research potential impact of new accounting and SEC standards on financial statements and disclosures.
• Interact closely with the external auditors and internal and external legal counsel.
• Aid external auditors during the quarterly review and annual audit processes.
• Ensure support to key customers, including Treasury, Legal, Tax, Investor Relations and FP&A as needed.
• Ensures and maintains adequate internal controls including process narratives and checklists.
• Ensure compliance with all GAAP and SEC accounting and reporting requirements, as well as federal, state, local, and country-specific reporting requirements.
• Ensure GAAP compliance of all company accounting policies, including GAAP research in preparation of new policies and disclosures, and related documentation.
• Prepare covenant compliance statements.
• Analyze and research financial information pertaining to the international financial statements and provide an executive level presentation of results.
• Research and draft technical memoranda to present a strategy on proposed or new accounting and SEC regulations that may impact the company.
• Keep current with new/proposed accounting literature and determine the impact for the company.
• Assess the financial impact and leads the team in understanding/applying new financial standards.

QUALIFICATIONS

• MBA or Bachelor’s Degree in Business, Accounting or Finance. CPA is preferred.
• Prior role within Big 4 or public accounting with experience within the energy industry.
• Combination of public accounting and upstream energy industry experience; balance in both areas highly preferred.
• Excellent knowledge of US GAAP, IFRS and SEC rules and regulations is required.
• SEC Reporting experience in a public company required.
• Strong understanding of financial reporting cycle, best practices and data flow among financial systems in compliance with SOX requirements.
• Entrepreneurial drive with the ability to work in a dynamic environment with minimal hierarchy.