Summary of Position:
We are seeking a highly skilled and experienced Technical Accounting Manager to join our dynamic accounting team. The successful candidate will play a key role in providing a holistic view of the Company’s commercial activities and acquisitions to allow management to be provided comfort that the Company’s strategies are implemented as expected. Additional this role will provide guidance on technical accounting matters, researching accounting issues, and implementing accounting policies and procedures to ensure accuracy and adherence to regulatory requirements. The Technical Accounting Manager collaborates with cross-functional teams to assess the impact of new accounting standards and provides recommendations to management.
Primary Duties & Responsibilities:
The following represents most of the duties performed by the position but is not meant to be all-inclusive nor prevent other duties from being assigned when necessary. Employees are expected to comply with all regulatory, environmental, and safety rules and standards, as well as corporate policies.
The Technical Accounting duties you will be responsible for include:
- Reviewing new and existing commercial agreements to determine and document the appropriate accounting treatment, ensuring alignment with the revenue function.
- Monitoring the subsequent accounting for complex revenue agreements to ensure compliance with the original accounting determination, including bifurcation for attributes identified in management’s assessment.
- Reviewing commercial lease agreements to determine and document the proper accounting treatment in accordance with ASC 606 and/or ASC 842.
- Reviewing acquisition agreements and managing the purchase price allocation process, including evaluating significance in accordance with SEC reporting guidelines.
- Managing the process of obtaining financial statements for acquired assets from third parties.
- Coordinating with third-party specialists for outsourced technical accounting matters and ad hoc projects assigned to external consultants.
- Maintaining a comprehensive listing of contractual obligations and calculating the amounts required for related financial disclosures, including maintaining current lease accounting software and assisting with potential new system implementations.
- Conducting and documenting annual technical assessments for goodwill impairment, fixed asset impairment, and other analyses as determined by management.
- Coordinating third-party valuation engagements and ensuring conclusions are aligned with applicable accounting guidance.
- Staying current on new accounting pronouncements and regulations, assessing their impact on financial reporting, and implementing necessary changes.
- Collaborating with cross-functional teams, including finance, legal, operations, and tax, to address accounting and reporting considerations for business transactions and strategic initiatives.
Qualifications & Requirements:
- Have a Bachelor's and/or Master's in Accounting.
- CPA certification required.
- Must have 8+ years of industry-related progressive accounting with at least 4 years of recent technical accounting experience.
- Big Four public accounting experience of 6+ years within the oil and gas industry in lieu of 8+ years of industry experience.
- In-depth knowledge of US GAAP (business combinations, revenue recognition, and lease accounting are a plus), and other relevant accounting standards and regulations.
- Must have strong analytical skills and the ability to interpret complex accounting guidance and financial data.
- Must have excellent communication skills, with the ability to effectively articulate technical concepts to non-financial stakeholders.
- Have a proven track record of driving process improvements and implementing best practices in accounting and financial reporting.
- Experience working with ERP systems (e.g., Workday) and proficiency in Microsoft Excel and other financial software applications are preferred.
Working Conditions/Environment:
- Operates in a professional and/or business casual office environment.
Position Type/Expected Hours of Work:
- This is a full-time position.
- Monday – Friday (8 hours) with flexibility to work from home on Fridays.
Position Location:
- Houston, TX
Benefits:
At WaterBridge, our employee benefits include, but are not limited to, the following:
- Medical, Dental, Vision, & Prescription Drug Coverage
- Voluntary Life Insurance for Employee, Spouse, & Child(ren)
- Employee Basic Life and AD&D Insurance – Company Paid
- Short Term & Long Term Disability – Company Paid
- 401(k) or Roth 401(k) Retirement Plan, plus a company match
- Flexible Paid Time Off
- And many other benefits not listed here
About Us
The WaterBridge group of companies is a fast-paced and growing organization. Our business lines include produced water handling and recycling, land management and environmental solutions. Our employees provide essential services to unlock sustainable American energy production every day, and we are continually seeking dedicated individuals who thrive on both creativity and challenge to be a part of our team. We pride ourselves for our strong commitment to our employees and for creating a workplace where employees feel genuinely valued and connected. Join our entrepreneurial and innovative team today!
WHO WE ARE
At WaterBridge, we believe that our people make the difference! We are committed to provide our employees with personal development and growth opportunities. We've been leading the emergence and evolution of the midstream water sector since 2015, backed by our strong core values and operational excellence. WaterBridge owns and operates permanent, integrated water infrastructure networks to address the long term produces water management requirements of E&P companies.
Our Mission:
To make WaterBridge the standard bearer for the water midstream industry.
Core Values:
SAFETY
- Safety is important. We demand a personal commitment at all levels within the organization. Everyone has the right and responsibility to speak up and stop any unsafe work being performed.
TEAMWORK + COLLABORATION
- We work with humility and courage to be a team player. We define success by contribution and not competition. We consider the impact we have on others before we act.
INTEGRITY + TRUST
- We honor our commitments. We demonstrate a propensity to trust and act in the very best interest of all. We do not tolerate dishonesty or intimidation.
AUTHENTIC COMMUNICATION
- We are honest and respectful. We genuinely listen to each other and encourage healthy debate. We do not spin the truth, have hidden agendas, or hide information.
ACCOUNTABILITY FOR RESULTS
- We hold ourselves accountable and take responsibility for results, regardless of outcome. We learn from our mistakes, encourage feedback, and increase our capabilities. We do not overpromise or underdeliver.
ENTREPRENEURIAL INNOVATION
- Everyone is a leader: we “think big” in everything we do and encourage new ideas. We strive for continuous improvement and encourage responsible risk taking. We do not play it safe due to complacency.
WaterBridge is an Equal Opportunity Employer.
