JIB Accountant (Joint Interest Billing)

Job Summary :

This position will be responsible for the monthly A / P and JIB processes including but not limited to

coding, processing and payment of all invoices, monthly JIB preparation and distribution, monthly

cost analysis and related variance reporting, quarterly expense accruals, general ledger account

reconciliations, and additional ad hoc assignments as needed.

Essential Job Responsibilities :

Code, input, circulate for approval, and process invoices (well-related and G&A) as received

Review JIB detail and post any needed corrections prior to processing monthly JIBs

Process, print and distribute monthly JIBs

Prepare and book expense accruals quarterly

Process and mail year-end 1099s

Responsible for booking quarterly ARO estimates and actual year end ARO calculation

Responsible for the accuracy and distribution of monthly LOS reports

Responsible for maintaining property sub-ledger reports

Analysis of actual lease operating expenses against forecasts, budgets and prior periods

reporting any major variances

Partnering with business teams to understand the operations and ensure actuals and accruals

properly reflect the operating activities

Responsible for AFE maintenance in accounting system and AFE vs actual reporting

Ensure timely collection of outstanding JIB receivables

Responsible for maintaining expense decks in accounting system

Promptly request new vendor setup from Controller as needed

Ensure that vendor W-9's are on file prior to vendor setup

Review procurement contracts for leases and ASC 842 compliance

Monthly reconciliation of AP and JIB related general ledger accounts

Responsible for all AP / JIB related audit support

Other duties as assigned by management

Qualifications / Requirements :

Must have a Bachelor's Degree in Accounting

Minimum seven (7) years in depth experience of oil and gas joint interest accounting

operated and non-operated properties) and general AP knowledge

Ability to work independently and solve problems

Ability to complete multiple, diverse tasks of differing priorities

Understanding of Sarbanes Oxley compliance documentation

Ability to work collaboratively with all levels of the organizations

Outstanding administrative and organizational skills

Excellent written and verbal communication skills, with specific ability to translate complex

operational information into an organized and presentable manner

Proficient using OGsys accounting software (On Demand version preferred), Microsoft Office

Excel, Word and Outlook) and EnergyLink