Supervisor - Revenue Accounting at Gulfport Energy in Oklahoma City

Job description

Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal properties located in the Utica Shale in Eastern Ohio, the SCOOP Woodford and SCOOP Springer plays in Central Oklahoma. Gulfport aims to create sustainable value through the economic development of our significant resource plays in the Utica and SCOOP operating areas. Our strategy is to develop our assets in an environmentally responsible manner, while generating sustainable cash flow, improving margins and operating efficiencies and returning capital to shareholders. To accomplish these goals, we allocate capital expenditures to projects we believe offer the highest rate of return and we deploy leading drilling and completion techniques and technologies in our development efforts. Title: Supervisor - Revenue Accounting Full-Time/Part-Time: Full time FLSA: United States of America (Exempt) Description: Job Summary: The Revenue Accounting Supervisor will be responsible for the day-to-day operation, planning oversight and guidance of the Revenue Accounting staff and will be responsible for the design, implementation, and execution of the daily accounting and financial reporting of revenue activity and transactions. Primary Responsibilities Owns the revenue cycle including review of contracts to determine appropriate revenue recognition in accordance with current and emerging accounting pronouncements. Analyzes business transactions of moderate complexity and determines appropriate accounting treatment through research or collaboration with subject matter experts. Provides knowledge and expertise as a core team member in the development and formulation of business strategy, implementation and objectives as it relates to the revenue accounting function and accounting processes. Reconciles and/or analyzes revenue general ledger accounts and proposes necessary adjusting entries, as required to support the monthly financial reporting process. Leads continuous review and improvement of revenue systems and business processes. Prepare management reports including revenue accrual, analysis and metrics and assists with the development of new models and reports to support the revenue forecasting function. Supports and provides information and explanation for audit activities and is a main point of contact for all revenue cycle testing and explanations. Reviews work of revenue staff to ensure compliance with SOX policies and procedures. Develops and maintains policies and procedures, systems and best practice methods to improve revenue cycle efficiencies with workflow. Maintains accounting practices that are in compliance with established accounting policies and GAAP requirements and adheres to company policies and procedures and stays abreast of changes. Ensure monthly accounting close deliverables and reporting requirements are accurate and delivered on time. Effectively partners with operational teams to understand business, system or process changes that will affect financial results or internal controls. Documents SOX internal control procedures, identify control gaps, and implements remediation for specified areas. Creates an effective work environment by developing a common vision, setting clear objectives, expecting teamwork, recognizing outstanding performance and maintaining open communications. Ensure all state tax and regulatory reports are filed timely and accurately. Other duties and responsibilities as assigned by management. Knowledge, Skills, Abilities: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Knowledge of the oil and gas revenue process from beginning to end. Ability to write reports, business correspondence, and procedure manuals. Advanced oral and written communication and interpersonal skills and organizational ability. Demonstrates working knowledge of severance tax, state/federal