What are the responsibilities and job description for the Joint Interest Accountant position at IKAV Energy Inc?
Description
IKAV Energy Inc is a private E&P company with its US headquarters in Durango, Colorado, and belongs to the global energy infrastructure group, IKAV. IKAV has worldwide offices in Hamburg, Luxembourg, Milan, Madrid, Lisbon, Munich, and Paris and has launched its US franchise in 2019 managing and operating a billion-dollar portfolio on a long-term basis.
At IKAV, teamwork is at the heart of our operations and is only strengthened by the many diverse and professional backgrounds that shape our team. IKAV believes in flat hierarchies and the empowerment of team members. In return, we expect exceptional motivation, a high degree of independent thinking, and the ability to spot opportunities for optimization and growth.
Duties and Responsibilities
- Conduct the monthly joint interest accounting close which includes resolving partner disputes, and management & tracking of receivables
- Prepare monthly journal entries, accruals, prior period adjustments, and account reconciliations
- Review, analyze, and process non-operated properties Joint Interest Billings and ensure proper set-ups exist in the systems
- Responsible for allocations (labor, overhead, etc.)
- Assist in the cash clearing process for joint interest billings
- Responsible for preparing and communicating variance analysis
- Follow internal control policies and procedures
- Assist in internal and external audits
- Identify and execute process improvements
Requirements
- Knowledge of US GAAP and COPAS
- Minimum of 5 years in accounting, with 3-5 years in upstream oil and gas industry, including joint interest experience
- Bachelor’s degree in accounting, finance or business required
- Proficient in Microsoft Office Suite plus advanced Excel expertise
- Experience with W Energy, SAP, EnergyLink, and Microsoft PowerBI a plus
- Experience working in a growing start up environment strongly preferred