Senior JIB Accountant

Joint Interest Billing Accounting Position

This position is responsible for independently, under limited supervision, performing and reporting on all aspects of the joint interest billing (JIB) accounting activities across the organization. This candidate will be an instrumental member of the accounting team and should have experience with the detailed accounting processes, preferably with an oil and gas operator. The candidate must have the ability to meet tight deadlines on multiple complex accounting tasks, including working evenings and weekends when necessary. This position will report to the Manager of JIB Accounting.

Essential Duties and Responsibilities

To perform this job successfully, an individual must be capable of the following duties and perform them to a satisfactory level.

• Responsible for creating month-end close journal entries and preparing account reconciliations.
• Responsible for classifying and proper accounting for operated and non-operated well expenditures and billing them to wells and owners following the associated joint operating agreements (JOA).
• Responsible for properly accounting for all G&A expenditures.
• Responsible for setting up allocations, including internal cost allocations in the accounting software.
• Responsible for setting up production and drilling overhead entries.
• Being familiar with JIB decks and how they work.
• Responsible for assisting with the JIB monthly close for multiple operating companies.
• Responsible for assisting with working interest owner inquiries and joint venture audits.
• Responsible for assisting with reviewing lease operating statements (LOS) for accuracy.
• Responsible for tracking cash calls on non-consents.
• Responsible for reconciling capital expenditures (CapEx), lease operating expenses (LOE), G&A, and JIB receivable accounts.
• Responsible for booking LOE and Capital accruals for multiple companies.
• Responsible for assisting with coordinating authorization for expenditure (AFE) setup, routing & tracking.
• Responsible for working with operations to provide timely support, analysis, and reporting on CapEx performance, vendor analysis, and cost coding.
• Responsible for assisting with analysis and report creation for ad hoc data requests.
• Responsible for mentoring and training less experienced team members.
• All other duties and tasks as assigned by the direct supervisor or manager.

Competencies

To perform the job successfully, an individual should demonstrate the following. Accountability holds self and others accountable to meet commitments. Follows through on commitments and makes sure others do the same. Acts with a clear sense of ownership and takes personal responsibility for decisions, actions, and failures. Establishes clear responsibilities and processes for monitoring work and measuring results.

Decision Quality

Makes good and timely decisions that keep the organization moving forward. Can make sound decisions, even in the absence of complete information. Relies on a mixture of analysis, wisdom, experience, and judgment when making decisions and considers all relevant factors, and uses appropriate decision-making criteria and principles. Can see when an 80% solution is sufficient.

Manages Complexity

Ability to make sense of complex, high quantity, and sometimes contradictory information to effectively solve problems. Know how to ask the right questions to accurately analyze situations. Can acquire data from multiple and diverse sources when solving problems and uncovering the root causes of difficult problems.

Qualifications & Skills

The qualifications and skills listed below are representative of those required to complete the essential duties listed above.

Education/Experience

A bachelor's degree in an accounting or related field is preferred. A minimum of 5 years of JIB or general accounting experience for an oil & gas operator is preferred.

Other Skills

Strong attention to detail. Ability to analyze large amounts of data and organize it into a presentable manner. Highly motivated and able to self-direct daily work and manage multiple tasks of differing priorities.

Software Skills

Full knowledge of Microsoft Office Experience with oil and gas accounting software (BOLO preferred).