Lead Asset Accountant Job

Marathon Oil

Lead Asset Accountant Job

Date: May 4, 2023


Houston, TX, US, 77024

Marathon Oil



Essential Job Functions 

  • Independently applies the principles, theories and concepts of operational accounting to assignments at a higher level of proficiency and productivity.  
  • Focuses a significant portion of efforts on analysis and problem-solving. 
  • Demonstrates initiative in seeking additional responsibility and continues to expand “big picture” understanding and share that knowledge with others. 
  • Assists in developing and promoting sound recommendations that enhance the efficiency and effectiveness of the department. 
  • Works with Manager and Lead Accountants on complex tasks and projects and may function as a project leader on small to medium sized projects. 

  • Assists with the training and mentoring of less experienced staff. 
  • Is sought out by staff members as one who possesses knowledge and understanding.

    • Development of leadership skills, interaction with Operations and Planning and high profile projects and exposure to management. 

Other Job Responsibilities 

  • Approve project requests for asset teams as assigned by supervisor 
  • Ensuring proper capital/expense classification of project cost 

  • Ensuring appropriate approval authority 
  • Validating exploration/development determination 
  • Review monthly journal entries as assigned by supervisor 
  • Review monthly DDA analysis files 
  • Review account reconciliations as assigned by supervisor 

  • Monitor/review monthly accrual working files 
  • Provide variance analysis on various income statement and balance sheet accounts as required for monthly financial reviews 
  • Monitor Other Field Equipment/Service Operations bookings 
  • Collaborate with stake holders on accounting issues and their resolution (operations issues) 
  • Work with Land and Joint Interest Accounting on Working Interest owner issues. 

  • Collaborate with Joint Interest Accounting and Asset Teams on various OBO issues. 
  • Review quarterly Fair Value disclosure tools as required for SEC reporting 
  • Prepare quarterly and annual disclosures as required for SEC reporting (Well counts, Costs Incurred, Contractual Commitments, etc.) 
  • Perform annual physical Material & Supplies Inventories and work with material controllers to resolve issues 
  • Perform various SOX controls related to Fixed Assets and Inventory accounting. 

  • Assist in special projects as required (may include system testing for IT projects as well as MA&D requests) 
  • Collaborate with Financial Analysis, Planning, and Asset Teams to ensure proper reporting of monthly and quarterly results 
  • Provide training and mentorship for others on the team in various areas including SAP and COPAS 

Minimum Education/Experience Guidelines 

  • Bachelor’s degree in Accounting/Finance required 

  • Six years of experience required (three years operational accounting experience preferred) 
  • Computer Proficiencies: SAP and Microsoft Office applications. 



Marathon Oil Corporation (NYSE: MRO) is an independent oil and natural gas exploration and production company based in Houston, Texas. With a material position in four of the best oil-rich U.S. resource plays in different stages of development, we offer a variety of career opportunities, whether you’re a recent college graduate or an experienced professional. You’ll have the tools to develop and refine the skills and knowledge you need to succeed.

Marathon Oil Company will take the necessary action to ensure that applicants are treated without regard to their race, color, religion, sex, age, disability, national origin, sexual orientation, genetic information, veteran status or other protected status under applicable employment law.

If you are a current Marathon employee please use the ERP website to submit referrals.

Posting Notes: ||  Houston  ||  TX   ||  United States (US)  ||  SF:LI; SF:DI; SF:GH; SF:MN; SF:RZ ||  Finance and Accounting  || Not Applicable  || || 31624  ||





Nearest Major Market: Houston

Job Segment:
ERP, SAP, Accounting, Technology, Finance

To apply for this job please visit careers.marathonoil.com.