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

Direct reports

Financial Accountant (1); team will grow as DWE scales

Approx. travel

<5%

Company Overview

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, productive, and technically driven operations to optimize value and performance across diverse assets.

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.

Position Overview

The Senior Financial Accountant is the accounting backbone of DWE's Australian Finance function and the Finance Manager's principal support for financial control, accounting and compliance.

The role owns DWE's core accounting processes across the Australian group, including financial close, balance sheet integrity, statutory reporting, tax compliance, JV accounting, AFE and asset accounting, audit readiness and financial controls.

This is not a maintenance accounting role. The successful candidate will help build and improve the Finance function while the underlying business is itself growing. The role spans technically complex accounting judgements through to hands-on financial operations.



The Senior Financial Accountant is expected to move comfortably between interpreting an accounting standard or JV agreement, reviewing a balance sheet reconciliation, investigating an unusual transaction, improving a process and coaching the Financial Accountant.

The position provides meaningful exposure to ERP implementation, joint venture operations, drilling and appraisal activities, private equity ownership and the development of a significant Australian upstream gas business. The natural growth path from this role is Financial Controller or Head of Finance as DWE scales through FID and into production.

Success requires more than technical competence. DWE is seeking someone with intellectual curiosity, sound judgement, low ego, high personal accountability and the capacity to operate effectively where not every process or answer has already been established.

Position Job Duties

Financial Control and Month-End

- Own the end-to-end monthly close across the Australian group and deliver accurate management accounts to agreed timelines.
- Maintain the integrity of the general ledger and balance sheet, ensuring reconciliations are complete, supported, reviewed and exceptions resolved.
- Review journals, accruals, prepayments, intercompany balances, payroll accounting and other close adjustments.




- Establish and continuously improve close procedures, responsibilities and controls.
- Identify unusual transactions, trends and accounting issues and ensure they are investigated rather than simply processed.

Technical Accounting and Financial Reporting

- Prepare and maintain accounting position papers and supporting documentation for material or judgemental accounting matters.
- Apply Australian Accounting Standards, including accounting for exploration and evaluation expenditure, leases, employee benefits, provisions, financial instruments and joint arrangements as relevant.
- Identify accounting issues early and provide the Finance Manager with a clearly framed issue, analysis, recommendation and supporting evidence.
- Support preparation of annual financial statements and associated statutory reporting.

Joint Venture Accounting

- Own the financial accounting processes for DWE's operated and non-operated joint venture interests.
- Review JV cash calls, partner billing statements, expenditure statements and reconciliations.
- Maintain JV accounting records and ensure expenditure is appropriately classified by entity, JV, AFE/project and account.
- Investigate partner queries and support JV audits and financial information requests.
- Develop scalable JV accounting processes as DWE's operatorship responsibilities increase.

AFE, Project and Asset Accounting

- Maintain financial integrity across AFE/project accounting, exploration expenditure, work in progress and fixed assets.
- Apply appropriate capital versus expense classification and ensure significant judgements are documented.

📌 Senior Financial Accountant (Brisbane)
🏢 Formentera
📍 Brisbane