Tax & Royalties Analyst
Production, Revenue & Royalty Accounting
Tax & Royalties Analyst
ย
General description of the department:
Production, Revenue & Royalty Accounting (PR&RA) department provides support to Upstream North America operations by overseeing the accounting behind production, revenue, royalty and tax of Oil and Gas products from origination sources (offshore / onshore leases).
As a PR&RA Analyst, you'll have responsibilities that include assisting in the integration of new technologies (such as data analytics, robotics/automation, and digitalization), ensuring compliance with governmental regulations, analyzing industry agreements to ensure proper accounting and compliance, and seeking opportunities to enhance existing processes.
PR&RA tasks are distributed in teams of an average of 10 analysts by process/areas and in alignment with Operations desks. This distribution allows fluent interaction between members.
Tax & Royalties Analyst is responsible of:
Apply accounting principles and policies to properly record U.S. State/Federal royalties and/or State tax payments, expense accruals and receivables;
Prepare U.S. State/Federal royalty and/or State tax reports and payments in accordance with lease agreements and applicable regulations;
Process private royalty owner payments as well as calculate, remit and report tax withholdings on behalf of private royalty owners;
Participate in month/quarter/year end processes (e.g. variance and reject analysis of results, account reconciliation, metrics, etc.);
Determine actions to resolve balances and develop tactics for issues relating to sold properties, sensitive owners and potential litigation;
Work collaboratively in a multi-discipline environment across teams and geographies;
Upstream SOX & Internal Controls compliance and reporting.
In this position, Analyst will have the opportunity to:
Be a part of a growing department that offers numerous chances to streamline/ enhance processes and implement innovative technologies (i.e., data analytics, robotics / automation, and digitalization). Chevron uses industry leading applications, including SAP, PowerApps/Microsoft Flows, SharePoint, OneDrive, Microsoft Teams, Workplace by Facebook, etc.
Show adaptability to achieve superior results in a highly dynamic environment.
Support S4Hana implementation as main ERP to deliver on business processes.
Get a deep understanding of Upstream end-to-end processes: from drilling to the impact on revenue accounting and related taxes & royalties.
Get fluent in asset operations. This includes, but it is not limited to monitoring business shifts and communicating with BUs to facilitate their decision-making process.
Regularly engage with Business Unit (BU) personnel, including Supply and Trading Front Office, Finance, Operations, Law, Land Ownership and Commercial teams to deliver on common goals.
Collaborate within a diverse, multi-disciplinary environment across teams and locations.
Main responsibilities for this position may include but not limited to:
Deliver on accounting processes with timeliness and accuracy. This implies documenting, maintaining, and reporting financial data linked to Upstream operational activities.
Deliver effectively on month/quarter/year end closing processes (e.g., variance analysis of results, account reconciliation, etc.).
Produce accurate variance analysis within a short time frame, and in a dynamic business environment.
Analyze and reconcile accounts.
Be active at identifying and executing process optimization & reengineering initiatives to enhance work procedures and/or reconciliations.
Support and develop strategies to enhance the collective knowledge of the work group.