Basic Function and Scope of
Responsibilities: Directs the
financial and tax reporting of
the organization and prepares
financial analyses of operations
including interim and final
financial statements with
supporting schedules, for the
guidance of management. The
Controller is responsible for
the preparation, implementation
and evaluation company's
financial policies and plans,
its accounting practices,
preparation of the reporting
information required by lending
institutions and the financial
community, the maintenance of
its fiscal records, and the
preparation of internal and
external financial reports as
required. The position involves
supervision over the financial
and tax accounting and budget
reports and controls for the
corporate and partnership
entities.
Principal Duties:
Percentage of Time
- Development, analysis,
and interpretation of
accounting and financial
information in order to
appraise operating
results in terms of
profitability,
performance against
budget, and other
matters bearing on the
fiscal and operating
effectiveness of the
organization.
15 %
- Maintaining the
accounting systems to
and selecting the
software to efficiently
manage the oil and gas
operations, private
equity investments and
corporate entities to
effectively and
efficiently manage the
financial and accounting
operations.
5 %
- Completes annual
performance reviews on
all direct reports.
Recommends training
requirements to keep the
staff at the highest
level of skill necessary
to meet company needs
and objectives.
5 %
- Maintains the
company’s system of
accounts and keeps books
and records on all
corporate and
partnership entity
transactions and assets.
- Maintains short term
and medium term cash
projections to
effectively manage any
excess cash and project
short term and medium
term cash needs.
5 %
- Establishes major
economic objectives and
polices for the company
and prepares reports
that outline the
company’s financial
position in the areas of
income, expenses, and
earnings based on past,
present and future
operations.
5 %
- Coordinates and
directs the preparation
of the budget and
financial forecasts,
institutes and maintains
other planning and
control procedures and
analyzes and reports
variances for all of the
entities.
- Furnishes internal
reports, revises and
updates reports to be
more useful and
efficient, and furnishes
external reports as
necessary for lending
institutions and others.
5 %
- Coordinates with CFO
and tax accountants to
insure that partnership
books and records are
maintained to provide
accurate information for
the preparation of
annual tax information
in a timely manner.
- Primarily responsible
for coordinating any
outside reviews and/or
audits of partnership,
LLC or corporate
entities
10 %
- Maintains property
records to provide for
annual property tax
reporting and required
information to maintain
adequate insurance
coverage.
5 %
- Maintains partnership
accounting records in
accordance with the
partnership agreements
and private placement
memorandums.
5 %
- Perform other
job-related duties as
assigned.
Principal
Responsibilities:
Percentage of Time
- Company wide financial
planning, policies,
procedures and
accounting practices.
15 %
- To assist CFO in
maintaining
relationships with
lending institutions and
the financial community.
5 %
- The maintenance of the
company’s fiscal
records, and the
preparation of financial
reports.
40 %
- Responsible for
providing effective
financial controls for
the organization.
10 %
- Is responsible
compliance with all
federal, state, and
local corporate,
payroll, and other
applicable taxes with
policies developed and
maintained by CFO.
- Coordinates and
communicates with other
departments and offers
suggestions and
procedures to improve
the efficiency of the
organization.
5 %
- Responsible for
evaluating the
performance of personnel
in the Accounting
Department.
5 %
- Responsible for
hiring, retaining and
terminating Accounting
Department Personnel.
5 %
Training, Skills,
Knowledge and/or
Experience:
List specific examples,
denoting (R) if required
or (P) if preferred
- Specific training
courses in this field
(explain):
- General experience in
this field (explain): 5+
years of financial
management experience
(R)
- Experience specific to
this position (explain):
Progressive
responsibilities in the
areas of financial and
accounting controls,
financial statement
preparation and review
and working knowledge of
partnership tax issues
related to oil and gas
and private equity
investments.
What is the nature of
the direct supervision
that is provided to the
incumbent of this
position?
Minimal supervision and
works closely with CFO
and upper management to
develop and implement
reports to measure the
results with the
financial objectives of
the partnership and
corporate entities.
Financial Authority
Provide quantitative
measurements (i.e.
budgets, sales volumes,
etc.) for which this
position is responsible.
Indicate type and
amount:
Overall responsibility
for 40+ partnership
entities and multiple
management entities.
