What are the responsibilities and job description for the Joint Interest Billing Accountant position at Fervo Energy?
The Joint Interest Billing (JIB) Accountant will be responsible for ensuring accurate joint interest billing and financial reporting for our geothermal operations. This is a unique opportunity to help build Fervo’s accounting department and grow with the Company. The ideal candidate will bring a solid understanding of industry practices, exceptional attention to detail, and the ability to work collaboratively with internal and external stakeholders. This position offers an opportunity to work within a dynamic team, contributing to the company’s financial accuracy and regulatory compliance. This JIB Accountant will report to the Manager of Accounting.
Responsibilities
- Prepare, review, and distribute accurate and timely joint interest billings (JIB) in accordance with industry standards and contractual agreements
- Ensure all JIB entries comply with the applicable agreements and accurately reflect operational costs
- Reconcile JIB accounts, investigate and resolve discrepancies, and provide detailed reports as needed
- Maintain and monitor JIB receivables, work closely with partners on collections, and resolve any billing disputes
- Collaborate with operations, revenue accounting, and project teams to capture and allocate costs correctly
- Assist with monthly close processes and ensure compliance with company policies and regulatory requirements
- Support audit processes and respond to partner inquiries related to joint interest transactions
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field
- 5 years of experience in joint interest billing (JIB) accounting
- In-depth knowledge of oil and gas accounting principles, joint operating agreements (JOAs), and COPAS guidelines
- Proficient understanding of US GAAP
- Strong organizational, problem-solving, and communication skills
- Expertise in Joint Interest Billing (JIB) for upstream oil and gas properties
- Exceptional attention to detail and accuracy
- Proven experience managing the month-end close process
- Skilled in handling journal entries efficiently and accurately
- Advanced proficiency in Microsoft Excel
- Self-motivated and able to work with minimal supervision
- Driven, detail-oriented, and willing to dive into complex details when needed
- Demonstrated flexibility, adaptability, and ability to multitask to meet deadlines
- A collaborative team player with a strong work ethic
Location
Fervo Energy is headquartered in Houston, TX. This position will be eligible for some hybrid work flexibility, but regular in-office presence at the Houston office will be required. Some travel is required for this position.
