What are the responsibilities and job description for the Staff Accountant position at YMC Royalty?
Job Description
Job Description
The Accountant for YMC Royalty, specializing in Accounts Payable (AP) and Payroll, will play a vital role in managing financial transactions, ensuring accurate payroll processing, and maintaining up-to-date and compliant Financial records. This position is key to supporting the financial operations of an oil and gas company by maintaining strong controls over payroll and accounts payable, adhering to industry regulations, and working closely with the finance team.
Key Responsibilities :
- Accounts Payable (AP) Management :
- Process and review vendor invoices for accuracy, proper coding, and approvals.
- Ensure timely payments to suppliers, contractors, and service providers.
- Reconcile AP accounts and resolve discrepancies in a timely manner.
- Prepare monthly AP reports, ensuring compliance with internal policies and accounting standards.
- Monitor vendor statements and maintain accurate and organized records.
- Payroll Processing :
- Oversee full-cycle payroll processing for employees, including timekeeping, deductions, and tax calculations.
- Ensure compliance with federal, state, and local payroll laws.
- Address employee inquiries regarding payroll issues and discrepancies.
- Prepare payroll reports, including month-end reconciliation and journal entries.
- Maintain payroll records and ensure confidentiality.
- General Accounting Duties :
- Assist with month-end and year-end close processes, including journal entries and account reconciliations.
- Support audits by preparing documentation and reports as needed.
- Assist with the preparation of financial statements, ensuring compliance with GAAP and company policies.
- Monitor and review accounting transactions to ensure accuracy and proper classification.