Job Description

Brisbane, QLD — with periodic travel to Darwin, NT and field operations

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Direct reports

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No reports

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Approx. travel

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<5%

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Company Overview

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Daly Waters is a leading upstream company focused on the Beetaloo Sub-basin, backed by Formentera Partners, an Austin, Texas based energy private equity firm. Daly Waters entered the Beetaloo Basin in 2022 through a 50/50 joint venture with Tamboran Resources (NYSE: TBN). Formentera Partners is an independent energy private equity platform managing four funds (>US$2.5B). Formentera's expansive development and production experience across all major US shale basins is leveraged to deliver reliable, efficient, and technically driven operations to optimize value and performance across diverse assets.

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Daly Waters is poised to take over operatorship of some of the most prospective acreage within the Beetaloo and has an exciting growth trajectory for 2026 and beyond.

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Position Overview

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The Financial Accountant is a core member of the DWE Finance team, reporting to the Senior Financial Accountant (SFA) and taking ownership of the day-to-day accounting function across DWE's 13 legal entities. This role sits at the operational heart of Finance — responsible for month-end close, accounts payable, bank reconciliations, regulatory compliance, and fixed asset management — freeing the SFA to focus on technical accounting, financial reporting, and investor-facing outputs.

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The Financial Accountant joins DWE at the operatorship commencement stage. The role grows with the Company through to FID and beyond, with genuine career progression into a Senior Financial Accountant and ultimately Financial Controller / Head of Finance as DWE scales. From day one, the incumbent is expected to take full ownership of their outputs — not to be supervised through them.

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DWE is an ideal place to build an accounting career in upstream oil and gas. You will work on real accounting problems across 13 legal entities, multiple exploration permits, and a live joint venture — with a level of autonomy and visibility that a comparable role in a large corporate would not provide. In return, DWE expects a 'can do, don't mind doing' attitude — the routine bank reconciliation receives the same attention as the complex accounting judgement.

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Position Job Duties

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Financial Close and Month-End

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- Prepare and post month-end journals including accruals, prepayments, depreciation charges, and intercompany eliminations across all DWE entities.
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- Maintain period-close checklists and track completion of all reconciliations against the agreed close timetable.
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- Reconcile all assigned balance sheet accounts within agreed timelines; elevate aged or unexplained items to the SFA without waiting for review to surface them.
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- Investigate unusual transactions or movements and obtain adequate explanation before the close is finalised.
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- Continuously improve close documentation and process notes so that close procedures are repeatable and auditable.
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Accounts Payable and Payment Processing

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- Process supplier invoices promptly, performing three-way matching (purchase order, goods receipt, invoice) and obtaining required approvals per DWE's Delegation of Authority matrix.
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- Prepare weekly and fortnightly payment runs for SFA review; ensure no payments are processed without appropriate approval documentation on file.
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- Maintain aged payables with no unexplained items beyond 60 days; elevate disputed or aged invoices to the relevant operational lead for resolution.
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- Manage the DWE vendor master file — recent vendor onboarding, ABN verification, banking detail changes — with appropriate controls and segregation to prevent fraud.
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- Prepare regular supplier statement reconciliations for key vendors and resolve discrepancies before month-end.
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Bank Reconciliation and Cash Management

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- Reconcile all DWE bank accounts (operating, exploration, and JV) on a daily/weekly basis.
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- Investigate and clear all unreconciled items before month-end close; do not carry reconciling items forward without SFA approval and a documented explanation.
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- Maintain a daily cash position summary across all accounts for Finance Manager review.
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- Process and allocate incoming receipts and outgoing payments accurately and on a timely basis.
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Regulatory and Statutory Compliance

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- Prepare and lodge NTGS production levies, ATO BAS and IAS returns, and ASIC annual statements under SFA supervision.
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- Maintain a compliance lodgement calendar to ensure no deadline is missed across any of the 13 DWE entities.
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- Prepare payroll tax reconciliations and supporting workpapers for SFA review and external adviser submission.
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- Maintain accurate source data and reconciliation workpapers for all compliance lodgements; ensure information provided to advisers is complete and reconciled before submission.
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Fixed Assets, AFE and Project Accounting

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- Maintain the fixed asset register across all DWE entities, ensuring acquisitions, disposals, and depreciation are recorded accurately and on a timely basis.
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- Code all capital and operating expenditure to the correct AFE, asset class, cost centre, and entity; raise queries with the operational team where classification is unclear.
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- Prepare monthly AFE actual-versus-budget variance analysis and highlight movements exceeding agreed thresholds to the SFA.
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- Maintain AFE commitment and accrual schedules, working with operational and commercial teams to ensure all committed but unprocessed expenditure is captured at month-end.
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- Apply the DWE capitalisation policy consistently and flag any judgement items to the SFA for documented review and approval.
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JV Accounting Support

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- Maintain JV sub-ledger entries to ensure all expenditure is accurately coded by entity, JV interest, and AFE.
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- Prepare data schedules and reconciliation workpapers to support the SFA-managed JV partner billing, cash call, and cost statement processes.
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- Reconcile JV accounts to SFA-approved billing statements; investigate and resolve discrepancies before distribution to partners.
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- Maintain supporting documentation for all JV transactions at an audit-ready standard at all times, not just at year-end.
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- Assist the SFA in responding to JV partner data queries where the underlying transaction data is within the Financial Accountant's area of responsibility.
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Audit Readiness and Record Keeping

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- Maintain all accounting records and supporting documentation on a current basis to audit-ready standard — as an ongoing discipline, not as a year-end remediation exercise.
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- Prepare audit PBC schedules and workpapers as directed by the SFA; respond to auditor queries with accurate and well-referenced documentation.
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- Escalate any discrepancies or documentation gaps identified during audit preparation to the SFA immediately rather than attempting to resolve them unilaterally.
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- Implement process improvements identified through audit or internal review to prevent recurrence.
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Systems, Processes and Documentation

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- Develop and maintain proficiency in DWE's ERP and supporting financial systems as they are implemented and expanded.
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- Maintain current process documentation for all recurring Finance tasks within scope; documentation must be usable by a replacement without handover.
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- Identify inefficient or manual processes and raise improvement proposals to the SFA with a suggested solution, not just the problem.
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- Support ERP implementation activities as directed, including data entry, reconciliation of migrated balances, and testing of system workflows.
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Essential Skills and Experience

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- Bachelor degree in Accounting, Finance, Commerce, or related discipline.
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- CA ANZ or CPA qualified, or in final stages of qualification (active study required).
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- 3–5 years of accounting experience, with demonstrated ownership of month-end close, AP, and bank reconciliations.
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- Proven ability to manage competing deadlines and maintain accurate records without close supervision.
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- Working knowledge of at least one ERP or accounting system (SAP, NetSuite
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📌 Financial Accountant (Queensland)
🏢 Formentera Operations
📍 Queensland