Senior Accountant, Severance/Excise Tax Lease Crude

CVR Energy

(Sugar Land, Texas)
Full Time
Job Posting Details
About CVR Energy
Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining, LP and CVR Partners, LP.
Responsibilities
* State Severance Taxes - Identify leases that qualify for special tax rates and maintain Bolo accordingly. Coordinate with Division Order staff regarding the setup of exempt owners in Bolo. Reconcile Bolo regulatory and accounting reports to verify the taxes owed to the states. Prepare the state tax reports and payments to taxing agency. * Production Unit Numbers (PUN’s)—Set up new PUN’s in Bolo. Track down missing PUN’s and Oklahoma operator numbers from the operator, the Coffeyville Resources field representative or from the contact person at the Oklahoma Tax Commission. * Income tax reporting research and corrections – analyze and correct detail in Bolo to ensure accurate reporting of 1099’s at yearend and adjust 1099’s as necessary prior to distribution. Ensure correct setup for foreign owners, and create and file annual Form 1042’s. * Kansas County Tax Warrants— Analyze tax warrants to verify that the lease that the warrant is on is still Coffeyville Resources’ lease and coordinate with Lease Crude DOI Clerk to have all warrants entered into the Tax Warrant Application (TWA). Process owner adjustments in Bolo for warrants to be paid and warrant refunds from counties. * Kansas Oil and Gas Resources Fund (KOGRF)— Maintain Bolo to ensure that working interest owners on Kansas leases are set up correctly on the Division of Interest so that funds are deducted properly and paid to the KOGR Fund. * IRS Levies and Garnishments – perform system maintenance within Bolo to divert payment from owner to designated entity, and respond in a timely manner to IRS or County. * Monitor interest owners with backup withholding to identify any that have provided a W-9 so backup withholding will be stopped. * Ad Valorem Taxes – upon operator request, process deductions from royalty owners and remit payment to the operator for Nebraska ad valorem taxes billed to the operator by the state. * Reconcile Oracle general ledger balance sheet accounts for the various taxes this position oversees. * Special Projects as requested.
Ideal Candidate
**Education:** * Requires a Bachelor’s Degree in Accounting or a business related field with an emphasis in Accounting **Experience:** * Experience in oil and gas industry and past experience with government regulations is preferred. Must have a minimum of 5 years non-income tax accounting experience. * Experience with Bolo system is preferred. * Proven ability to do detailed analytical work. * Excellent written and oral communication skills. * Ability to follow directions with minimal supervision and independently solve problems. * Organized with the ability to multi-task * Flexibility during departmental and company changes, including the ability to work additional hours during peak times. * Ability to prioritize due to high volume of work load. * Work well in a team environment. * Fluent English, oral and written communication required.

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