Financial Reporting Manager – Arlington, Texas

Financial Reporting Manager


U.S Energy Development Corporation – a well-established, privately held, oil and gas company with a 40 year history in the business – has an exciting opportunity for a Financial Reporting Manager who will support the company’s strategic goals and objectives within its oil and gas exploration and production efforts.


  • Compile the annual DDA and ARO workbooks for all companies, work with the Reserves Engineer to ensure we receive the reserve reports timely
  • Manages the month-end close process by setting target dates, reviewing workpapers, answering questions and solving problems that arise, so that we can close the books each month in a timely fashion
  • Prepare the general ledger, balance sheet, and income statement, and scrubs the statements prior to closing the month
  • Assists with preparing the monthly financial statement package
  • Creates, maintains, and publishes various reports and presentations to senior management, sales, and operations
  • Report quarterly to Banks and including debt covenant calculation
  • Assists with the annual and interim external financial audits by preparing reports, answering auditor questions, and managing the process • prepare technical accounting memos
  • Assist outside tax firm by assembling data for annual federal and state tax filings. Assist outside property tax firm by assembling data for annual property tax renditions
  • Maintains and enforces current accounting policies and processes, as well as optimizes them as the need arises; suggest and creates new processes as needed
  • Serves as a resource for team members to ask questions about current processes and potential improvements, software usage, and handling customer/vendor questions


  • Ideal candidate will have 7+ years of relevant accounting and financial reporting experience
  • Bachelor’s degree in accounting or finance is required
  • Master’s in Business, CPA certification are both pluses
  • Oil and Gas experience is highly desired
  • Extensive knowledge of U.S. GAAP, with the ability to research technical accounting issues and questions that arise, including proficiency in preparing technical accounting memos
  • High level of proficiency in Excel, Word, Outlook, PowerPoint, Oil & gas accounting software (such as Wolfepak, Excalibur etc.)
  • Excellent verbal and written communication; extensive customer service experience is a plus
  • Strong analytical ability and organizational skills, with great attention to detail
  • Energetic self-starter, with ability to work in fast-paced environment


Qualified candidates please submit your resume to: careers@usedc.com