JV Staff Accountant

At Devon, we will offer you a career full of energy and unmatched opportunities to solve today's greatest challenges. Innovation, creative problem-solving and positive change happen when people step out of their comfort zone and think differently. Our values, workplace practices, wellness programs, benefits and compensation are aimed at helping employees manage their unique personal life and care for their families so they can focus on contributing to the fullest.

The Staff JV Accountant, working under general supervision, is responsible for conducting and documenting moderately complex joint venture accounting projects, applying financial analysis skills, verifying joint venture transactions, formulating strategic recommendations, upholding integrity, and collaborating for seamless financial processes and analysis within JV Accounting function. The role verifies financial transactions comply with COPAS standards, GAAP principles, reconciles entries within the joint venture, and optimizes financial resource utilization for efficient joint venture operations. The role administers the AFE workflows, creation and maintenance of expenditure master data and JIB Division Orders, performs prior period adjustments of the joint accounts, conducts account reconciliations, and other duties as assigned. The role collaborates with the Operations Accounting team, gathering necessary information for effective joint venture financial management. The role also conducts in-depth financial analysis specific to the joint venture, providing stakeholders with insights for informed decision-making and strategic planning

* Develops an understanding of GAAP accounting principles, theories, and concepts to execute tasks like journal entry preparation, reconciliations, and analyzing financial data, essential for a JV Accountant in managing joint venture-specific financial activities.
* Applies financial and accounting analysis skills to comprehend and address challenges, ensuring a strategic approach to problem-solving in joint venture transactions.
* Verifies financial transactions within the joint venture in accordance with COPAS standards, meticulously entering line items to ensure compliance and accurate financial representation, fostering transparency between collaborating entities.
* Administers and coordinates the WBS (AFE) workflow for expense and capital projects in accordance with internal controls, policies, and processes.

* Creates and maintains expenditure accounting master data: Cost Centers, WBS's, and JIB DOIs within the ERP system.

* Calculates, documents, and posts JIB prior period adjustments in coordination with the Land, Division Orders, and JV Accounting teams.
* Formulates and promotes strategic recommendations aimed at improving the efficiency and effectiveness of the JV Accounting department's financial operations.
* Cultivates familiarity with the control environment and diligently adheres to established control procedures to uphold financial integrity and compliance within the joint venture's accounting framework.
* Collaborates with Operations Accounting team members to gather necessary information, ensuring seamless coordination as a JV Accountant for effective management of joint venture financial processes.
* Conducts in-depth financial analysis specific to the joint venture, providing insights to stakeholders for informed decision-making and strategic planning.

Education:
* Bachelor's Degree in Accounting, Finance, MIS or any other related discipline and/or commensurate work experience is required.

Experience:
* 3+ years of relevant experience, preferably in areas such as JV Accounting, Financial Analysis & Reporting, Account Reconciliation or a related field. Industry experience is preferred.

Certifications:
* Certified Public Accountant (CPA) (a plus)

Competencies:
* Oral & Written Communication
* Results Oriented
* Active Learning
* Digital Literacy
* Business Acumen
* Innovation

Skills:
* Digital Accounting and Invoicing Systems
* Business Process Improvements
* Generally Accepted Accounting Principles (GAAP)
* Council of Petroleum Accountants Societies (COPAS)
* Enterprise Resource Planning (ERP)
* Financial Analysis
* Financial Reporting Standards (FRS)
* Financial Industry Knowledge
* JV Accounting Principles

Qualified applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or other characteristics protected by law.

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