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Asset Accountant Job
United State Of America
May 04, 2019
Salary: Negotiable
Experience 2.0-6.0 years
Job Category Financial Jobs
Employment Type Full time
Industry Oil & Gas
Skill Accounting, Asset Management
Role Account Jobs ,Other Financial Jobs
Designation Accounts Manager,Other
Education B.B.A,BCA,MBA
No. of vacancies 1
About Company

Marathon Oil's goal is to be recognized as the premier independent exploration and production company. To achieve this, the Company remains focused on excelling in the areas of seven strategic imperatives (SI7)  listed below. These differentiate Marathon Oil, underpinning all of the Company's activities, and serve as key drivers of success.

Job Description

Asset Accountant 

This position reports to the Asset Accounting Manager within the Accounting Organization and will be responsible for two sub-processes. The first relates to the reviewing of contracts to determine appropriate inclusion/exclusion for special accounting treatment. Under the new Lease Accounting Standard, contracts or operating leases with terms greater than one year, must be recognized on the balance sheet. This position will interface regularly with other Asset Accounting personnel and Global Supply Chain and support the Lease Accounting Lead.

The second sub-process relates to supporting acquisition, dispositions and trades. In this role, the responsibilities include working with Asset Accounting Manager to gather operational data to support the components or assets within the deals and the evaluation of the financial impacts. The primary interface will be with Asset Accounting Manager but may also include the Marathon Land and Growth teams. In both roles, incumbent will need to demonstrate problem solving, organizational, communication, and collaboration skills to realize department deliverables and goals within aggressive deadlines.


  • Become proficient and knowledgeable regarding requirements of the new ASC 842 Lease Standard
  • Review existing contracts for reporting and accounting entry requirements under the new lease guidance
  • Enter details of identified contracts into the Lease Accounting software (SLAN)
  • Prepare and record journal entries to reflect applicable leases on Balance Sheet when appropriate
  • Create monthly journal entries to accurately capture lease cost in General Ledger accounts
  • Monitor existing leases for amendments, extensions and other modifications
  • Report status and balances of activity related to Lease Standard
  • Summarize deals as described by Land, Growth or in some instances, Business Development.
  • Understand Marathon's asset life cycle and associated accounting.
  • Extract financial valuations associated with both non-producing and producing properties.
  • Capable of understanding accounting policies and applying to transaction to recommend end result to Asset Accounting Manager.
  • Interact positively with other departmental personnel
  • Work closely with other departments to ensure completeness of lease population
  • Demonstrate initiative in seeking additional responsibility
  • Bring ideas that promote sound recommendations that enhance the efficiency and effectiveness of the department.


  • Degree: Bachelor's Degree in Accounting or Finance
  • Computer Proficiencies: SAP and Excel
  • Work Experience: 2+ years accounting experience preferred with focus on managing assets.

Basic Information

  • Location: Houston
  • Pay Grade: 9
  • Supervisory: No

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