AP & Treasury Manager

Job Description

Job Description

Company Information

QB Energy is a Denver-based upstream natural gas company committed to delivering value through responsible acquisition, development, and production that benefits both shareholders and stakeholders by operating efficiently, sustainably, and with cutting-edge technology.

QB Energy operates in the Piceance Basin of Western Colorado, currently operating about 400,000 net acres. The company develops and operates upstream gathering, compression, processing, and fractionation assets, with a focus on safety, environmental stewardship, and community engagement. Initiatives such as zero-flaring, methane emissions reduction, water recycling, and wildlife mitigation help minimize footprint while maximizing long-term value.

Job Summary

The Accounts Payable and Treasury Manager plays an integral role in the QB Energy Accounting Department. This position is responsible for all aspects of the accounts payable cycle, including leadership and oversight of the Accounts Payable Analyst team, as well as monitoring the Company’s cash balances and related cash activity.

Essential Duties & Responsibilities

Accounts Payable

· Oversee and perform regular analysis of vendor statements, investigate discrepancies, and reconcile statements to OpenInvoice and research and respond to vendor inquiries, resolving relevant matters.

· Oversee the digital invoice inbox activity and coordinate the manual upload of invoices to OpenInvoice with the Accounts Payable Analyst Team.

· Prepare or review journal entries for coding reclassifications, corporate credit card activity, and other necessary adjustments, ensuring accuracy and alignment with Company accounting policies.

· Review and validate invoice coding for accuracy, ensuring all required documentation is complete and meets Company standards.

· Oversee the correction of invoice coding discrepancies and educate vendors and internal teams on proper procedures to streamline processes and reduce errors.

· Conduct selective reviews of sensitive invoice coding completed by the Accounts Payable Analyst team for accuracy and completeness.

· Support OpenInvoice system coding validation controls, resolve certain vendor issues, and facilitate onboarding of new vendors to OpenInvoice.

· Oversee OpenInvoice user onboarding to ensure appropriate permissions and validation. Including working with the Assistant Controller to establish user approval limits.

· Oversee the new vendor onboarding process, including BOLO and Open Invoice set-up.

· Complete vendor credit applications, including reviewing complex terms and conditions and coordinating resolution of issues with the Assistant Controller, as necessary.

· Manage the annual form 1099 reporting process including year-round monitoring of 1099 recipient system setup and data accuracy to support compliant filing.

· Monitor approval of project budgets to ensure timely, accurate, and complete data entry of project budgets into BOLO.

· Oversee the analysis of sales and use tax during vendor invoice processing. Provide guidance to the Accounts Payable Analyst team on interpreting tax codes and ensure proper application of tax rates in compliance with applicable sales tax regulations. Prepare/review quarterly returns.

· Review completed employee expense report submissions in OpenInvoice for coding, accuracy, and completeness.

· Oversee the invoice early-pay discount process for timely payment and application of discounts.

Treasury

· Review daily cash reconciliations, ensuring internal forecasts and actual activity are consistent with the daily bank records for internal reporting distribution.

· Review and facilitate completion of short-term cash forecasting, including coordination with the Assistant Controller on revenue receipts forecasts, hedging activity, credit facility draws and repayments, and other significant cash inflows and outflows.

· Monitor the timing of wire activity to ensure timely wire payments, as applicable.

· Coordinate weekly check runs, including printing checks from BOLO.

Other Duties and Responsibilities

· Perform any other Accounting Department responsibilities that may be assigned by the Assistant Controller, which will contribute to the achievement of the Company's goals and promote an efficient and effective accounting team.

Supervisor Duties

· Manage direct reports, including monitoring of Accounts Payable Analyst output, goal setting, and preparation and delivery of annual performance reviews.

· Manage preparation of the daily cash report prepared by certain members of the Accounts Payable Analyst team

Qualifications

Education:

· Bachelor’s degree in accounting or business required.

Experience:

Required:

· Five or more years of experience in an oil and gas industry accounting position.

· Two to five years of experience supervising direct reports.

Skills & Abilities:

· Strong data analysis skills with the ability to evaluate large volumes of data accurately and efficiently.

· Ability to interpret and apply sales tax guidance with strong attention to detail to evaluate the appropriateness and accuracy of invoiced sales tax rates.

· Comfortable working in an entrepreneurial environment with the desire and flexibility to grow with the Company.

· Willingness to innovate to improve efficiency.

· Highly detail-oriented and organized, with the ability to multitask and meet monthly close deadlines.

· Responsible, reliable, and eager to learn with a positive attitude and strong work ethic.

· Ability to effectively communicate and interact positively with others.

Specialized knowledge:

· Experience with OpenInvoice.

· Experience with Oil and Gas specific Accounting Software (BOLO or Excalibur preferred).

· Strong Microsoft Excel knowledge.

Compensation

The base compensation for this role in this location is targeted between $121,600 and $154,100 annually. Final offer amounts are determined by multiple factors, including candidate experience and expertise, and may vary from the range listed above.

Benefits and Perks

As an employee of QB Energy, you’ll enjoy an impressive benefits package:

• Medical Plan: QB Energy offers multiple medical plans to choose from

o Lowest level plan premiums are covered at 100% for employees and dependents

• Dental Plan
• Vision Plan
• Long-term disability, life insurance, and AD&D covered by QB Energy
• 401k plan: QB Energy matches 100% of employee contributions up to the first 6% of compensation
• Paid Time Off
• Paid Holidays
• Gym membership reimbursement
• Paid parking or RTD pass
• Onsite gym
• Cellphone reimbursement

Work Conditions

Location:

This position is in Denver, CO. Candidates currently residing in locations outside of daily commuting distance will be considered, however, it is the expectation that the selected individual will be available at the work location.

Work Environment:

This position operates in an office environment. This entails working inside an office space wherein employees may be provided a public workstation (cubicle) or private office. From time to time, the role will require field visits where exposure to extreme weather conditions, fumes, airborne particles, vibrations, dust, electrical charges and other unforeseen exposures may be encountered.

Physical Demands:

In the performance of the duties and responsibilities of this job, the employee is required to have visual acuity to operate a motor vehicle and view a computer terminal for prolonged periods of time. While at work sites, the employee will be expected to walk and stand. Individuals might be asked to climb, balance, stoop, kneel, crouch, reach, and/or crawl. Individuals might be required to lift, carry, push, or pull up to 50 lbs. in the performance of this position.

Position Type and Working Hours:

This is a full-time position. Core work hours are from 8:00 a.m.– 5:00 p.m. Monday – Thursday, and 8:00am – 12:00pm on Friday. Employees must be capable and willing to work overtime as required and to participate in occasional meetings, events, seminars, conferences, or other activities outside of typical work hours. Employees responsible for project operations are expected to monitor and, in some cases, respond to emails, calls, or texts outside of business hours.

Travel:

Occasional travel to work site locations may be expected. Overnight stays may be required from time to time for training, seminars, field visits, or visits to onsite locations.

Additional Information

Disclaimer:

This job posting is not intended to contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. The Company reserves the right to change or assign additional duties, responsibilities, and activities at any time with or without notice.

Hiring Practices:

QB Energy is proud to be an equal-opportunity employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic. We consider qualified applicants with criminal histories, consistent with applicable federal, state, and local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our application procedures. If you need assistance or an accommodation due to a disability, you may contact HR Manager at View email address on jobswipe.net.

We anticipate this post will close in 30 days