Assistant Controller
About the job
- A bachelor's degree in Accounting, Finance, or a related field is required.
- A minimum of 5 years of progressive accounting experience is required, preferably supporting operational or business segment accounting.
- Strong knowledge of financial reporting, internal controls, and audit processes is required.
- Experience supporting budgeting, forecasting, and variance analysis is required.
- Strong analytical and critical thinking skills, with high attention to detail, are required.
- Effective written and verbal communication skills and the ability to interact with all levels of the organization are required.
- Time management and organizational skills, and the ability to prioritize work and meet deadlines, are required.
- Travel to Midland, Texas for 2–3 days at quarter-end is required to support financial close and in-person coordination.
- Proficiency in accounting systems, databases, and Microsoft Office 365 applications, and the ability to quickly learn new systems, are required.
- Support the PROPWR Controller in the monthly close process, including preparing and reviewing journal entries, accruals, reconciliations, and supporting work papers.
- Manage PROPWR revenue accounting activities, including monthly revenue accruals, reconciliation of revenue reports, and intercompany or intersegment revenue transactions.
- Monitor accounts receivable aging for the PROPWR business and ensure timely billing and coordination of credit memos as needed.
- Assist with analytical review of monthly operating results to ensure the accuracy and integrity of financial records, and investigate and explain variances against budget and forecast.
- Support budgeting, forecasting, and variance analysis for the PROPWR segment in collaboration with the Controller and Finance team.
- Review labor hours, headcount, and related cost reports for accuracy and reasonableness in collaboration with Operations.
- Assist with accounts payable accrual analysis and preparation of related journal entries.
- Collaborate with Fixed Asset and Finance teams to ensure accurate capitalization, tracking, and depreciation of PROPWR assets.
- Coordinate and respond to internal and external audit requests, including documentation related to SOX, internal controls, and financial reporting.
- Document and support maintenance of effective internal controls in compliance with company policies, accounting standards, and regulatory requirements.
- Maintain compliance with applicable tax, accounting, and reporting requirements impacting the PROPWR business.
- Support special projects, process improvement initiatives, and ad hoc financial analysis as assigned.
- Attend required Health, Safety, and Environmental training sessions and safety meetings, and use proper Personal Protective Equipment.
- Perform other duties as assigned.
- A CPA, CMA, or equivalent professional certification is preferred.
About the company
ProPetro Holding Corp. provides oilfield services, specializing in hydraulic fracturing for upstream oil and gas producers in North America, with a focus on the Permian Basin near Midland, Texas. Its services help exploration and production companies extract oil and natural gas more efficiently by delivering high-demand fracturing operations under service contracts and long-term partnerships. The product works by deploying specialized equipment, crews, and processes to inject fracturing fluids into wells to improve resource flow, supported by a network in a major shale region. ProPetro differentiates itself through its strategic location in the Permian Basin, a growth-focused approach, and long-term customer contracts that tie revenue to ongoing service needs. The company's goal is to meet the continuous demand of E&P customers for fracturing and related services, supporting efficient resource extraction and steady revenue growth.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Midland, Texas
Founded
2007
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Simplify's Take
What believers are saying
- Q2 2026 Adjusted EBITDA rose to $45 million, up 23% from Q1.
- The $690 million 0% convertible financing funds power equipment without near-term interest burden.
- Dual listing on NYSE Texas and new Targa contracts broaden investor visibility and backlog.
What critics are saying
- Q2 2026 revenue still only 13% sequential growth, while net loss widened to $8 million.
- Core completions remain cyclical; severe Permian weather and frac disruptions hit Q2 execution.
- Chief Accounting Officer Celina Davila resigns October 30, 2026, increasing control and continuity risk.
What makes ProPetro unique
- PROPWR secured Caterpillar access for 2.1 gigawatts, targeting 2.6 gigawatts by 2031.
- ProPetro’s electric frac fleet and Permian-only focus keep operations tightly aligned to core demand.
- Targa contracts committed 230 megawatts, lifting PROPWR’s booked capacity to 510 megawatts.
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