| Location: |
TX-Houston
Southwest (AZ, AR, NM, OK & TX) |
| Salary Range: |
NA |
| Bonus & Incentives: |
Bonus available. |
| Position Responsibilities: |
The Lease Tax Analyst is a member of the Lease Tax Accounting team. This position is responsible for the accurate reporting and payment of severance and all related taxes due the taxing authorities in the states where Client has lease business. The Analyst will ensure compliance with the states and the proper taxing of the interest owners for crude oil and condensate. The reporting and payment duties would also include all prior month adjustments made to the lease due to status changes, division of interest up-dates, stripper and incapable deductions, and federal/state exempt interest. The Lease Tax Analyst will also work with the Lease Administration group to help ensure the proper lease set-up and completion of all required tax information. This position also includes payment of state royalties, monthly payment of back up withholding tax and non-resident alien withholding tax in addition to operator payments for ad valorem/severance taxes, and yearly 1099 reporting.
Accountabilities
Payment and Reporting of Monthly Production Tax
Collecting &/or Refunding Owner tax
Amending state reports
Account Reconciliation
Assessment Notices
MMS Reporting
State Royalty Reporting
Monthly deposits for Back Up Withholding
Monthly deposits for Non-Resident Alien Withholding
Yearly filing of 945 tax return for Back Up Withholding
Yearly filing of 1042 tax return for Non-Resident Alien Withholding
Monthly balancing of 1099 records
Yearly coordination of 1099 tax information to interest owners, federal and state governments
Provide a service to operators to deduct severance and ad valorem from interest owners.
The Lease Tax Accounting team pays royalties of approximately $300 million per month and pays taxes of approximately $10 million per month.
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| Education and Certifications/Licenses: |
Bachelors |
| Mandatory Minimum Qualifications: |
Undergraduate degree in accounting or related business discipline and/or a minimum of 5 years experience required |
| Preferred Qualifications: |
Special Challenges
Candidate must be able to handle competing deadlines and multiple tasks.
Candidate must be able to adapt to ever changing customer and state reporting requirements
Position description - Additional comments
Knowledge of TSO/CICSBOB a plus.
Experience and Qualifications required
Undergraduate degree in accounting or related business discipline and/or a minimum of 5 years experience required
Possess strong analytical skills
Possess the ability to communicate effectively and stay customer focused while managing competing deadlines
Knowledge of SAP 4.6 Magellan
Knowledge of Severance Tax
Additional comments
Key Competences required
Effective Communication Both Written and Oral Skill
Organization Skill
Analysis and Problem Solving Skill
Customer Focused Skill
SAP 4.6 Skill
Attention to Detail Skill
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| Additional Comments: |
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| Benefits: |
|
| Overnight Travel: |
None Listed |
| Relocation Assistance: |
Yes |
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