DESCRIPTION:
The Property Accountant is responsible for executing key operational and financial accounting activities within Talos Energys policies, procedures, and control framework. This role serves as a critical link between Operations, Land, and Accounting to ensure accurate accounting of operated and non-operated offshore properties, including cost tracking, accruals, and financial close.
DUTIES & RESPONSIBILITIES:
This position will be responsible for numerous property accounting activities at Talos Energy including but not limited to:
- Track and reconcile tangible equipment, including material transfers, yard balances, and valuation accuracy
- Support cash management processes, including AFE cash calls, partner billing, and related reporting
- Assist with the calculation of Asset Retirement Obligation (ARO), including the calculation of accretion expense and application of decommissioning costs
- Support monthly and quarterly close processes to ensure deadlines and reporting requirements are met
- Preparing journal entries and maintaining multiple account reconciliations
- Maintain compliance with SOX and internal control requirements, including documentation and testing support
- Collaborate with Operations, Land, and Procurement/Supply Chain to ensure accurate cost classification, accruals, and asset tracking
- Identify and assist implementation of process improvements to enhance efficiency and accuracy of property accounting processes
- Support joint interest accounting processes, including cost allocations and partner billings as necessary
EDUCATION & EXPERIENCE:
- 2+ years of property accounting experience at an upstream oil and gas company
- Bachelor's degree in Accounting or Finance
QUALIFICATIONS & SKILLS:
- Possess strong analytical skills
- Able to perform detailed work with speed and accuracy
- Able to organize and prioritize a dynamic workload involving detailed processes and time-sensitive priorities
- Understanding of upstream accounting principles, including AFE accounting, accrual processes, and operational cost tracking
- Communicates effectively, both orally in person and using a telephone and in writing
- Demonstrates integrity and sound judgement in handling ethical matters
- Willing to work extended hours as needed during month-end close, reporting deadlines, and other high-demand periods
- Self-motivated and detail-oriented
- Proficient in Microsoft Office; experience in BOLO accounting system preferred
CERTIFICATES & LICENSES:
- There are no certificates, licenses or registrations required for this position
PHYSICAL REQUIREMENTS:
- Employee must be able to sit for extended periods of time and have use of arms and hands in repetitive motion. A fair amount of standing and walking is also required for the position