Forum Energy Technologies

Manager Accounting Sr.

Posted on: 7 Nov 2023

Bryan, TX

Job Description

Summary:

Responsible for conducting, monitoring and supervising finance and accounting operational processes, tools and activities.  Administers and supervises the day to day accounting work ensuring timely completeness and integrity of financial information. Generally responsible for the end-to-end process in the assigned jurisdiction while maintaining standardized practices, internal controls and procedures. Works towards the continuous improvement of assigned jurisdiction. May manage through supervisory staff or directly manage general accounting staff in multiple sites. Handles special projects, as assigned.

Job Duties/Responsibilities

Manage and coordinate ongoing financial reporting and accounting, Percentage-of-Completion (POC), Labor and Overhead calculation, monthly actual/budget/forecast variance reporting, monthly general ledger closings and reporting, budgeting, forecasting and transaction processing for assigned ledgers. 
• Partners with operations on accounting for POC projects including, tracking actual job costs, working with the Project Manager to capture the monthly POC forecast in the overall plant forecast, preparing the monthly POC entries, reviewing completed projects and ensuring that all costs are captured to the job and job related inventory movements are properly captured. 
• Tracking of project milestone billings.
• Manage accounting functions and prepare reports and statistics reflecting earnings, profits, cash balances and other financial results.
• Formulate and administer approved accounting practices throughout the organization to ensure that financial and operating reports accurately reflect the condition of the business and provide reliable information necessary to control operations; manage general accounting staff.
• Plan, organize and direct all the activities of the cost accounting function.
• Manage day to day operations of the existing cost accounting function from management of current rates to monthly close and analysis.
• Partner with Plant Manager to support corporate objectives and drive financial/operational targets set forth by upper management.
• Development and maintenance of appropriate costing method.
• Perform the monthly closing activities including preparation of the cost to operate statement along with supporting analysis.
• Proactive analysis of variances and communication of issues and opportunities to operations management
• Develop metrics and tracking system for major cost drivers.
• Define policies and procedures for all cost accounting activities.
• Ensure financial results are reported accurately and timely.
• May participate in complex general accounting projects.  
• Other duties as assigned.

JOB REQUIREMENTS 

Skills/Knowledge

• Possesses and applies a comprehensive knowledge of accounting principles and practices.
• Strong interpersonal and leadership skills.
• Experience in leading mid-sized groups.
• Excellent verbal and written communication skills.
• Commitment to customer service and ability to work in team-oriented environment.

Education

• Bachelor's degree in accounting, finance or equivalent.
• Relevant professional certification such as CPA, CA, local equivalent or Master's in Finance or Accounting strongly preferred.

Experience

• 8+ years of finance experience preferably in Oil & Gas and/or Manufacturing industry including 2+ years of management experience.

About FET

FET (Forum Energy Technologies, Inc.) is a global company, serving the crude oil, natural gas, and renewable energy industries. FET is headquartered in Houston, TX with quality manufacturing, efficient distribution, and service facilities conveniently located to support the major energy-producing regions of the world. Forum’s products and services range from the underwater reservoir to the refinery, from the sea floor to the above ground transportation line. We pride ourselves on giving you a comprehensive offering of solutions to maximize your operations and improve your bottom line. Our customers are our partners and we work with them to solve their ever-changing challenges.

FET is an Equal Opportunity Employer. FET does not discriminate on the basis of race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected under federal, state, or local law. All employment decisions and practices at FET are subject to the foregoing non-discrimination provisions and are based solely on merit, competence, performance, and business needs at the time.

Forum Energy Technologies

Houston, TX

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products and provide related services to the drilling, downhole, and subsea markets, and other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tools, complementary subsea technical services and rental items, and products used in pipeline infrastructure.

The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers stimulation and intervention technologies, including hydraulic fracturing pumps, pump consumables, cooling systems, flow iron, wireline cable, and pressure control equipment as well as related recertification and refurbishment services; and coiled tubing products consisting of coiled tubing strings and line pipes.

The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment supplies production equipment, including well site production and process equipment; and a range of industrial and process valves. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.