General Ledger/Joint Interest Billing (JIB) Accountant

Overview

We are seeking a skilled General Ledger (GL)/Joint Interest Billing (JIB) Accountant to join our oil and gas exploration and production team. The GL/JIB accountant performs a variety of accounting functions including tracking and reconciling joint venture expenses, preparing joint interest billing statements, and providing financial analysis and reporting to management. Other duties include entering financial data and transactions into the company’s financial records, periodic review and account reconciliation and preparation of a variety of financial reports for management use as necessary.

Responsibilities

• Prepare and analyze monthly Joint Interest Billing (JIB) statements for various joint ventures.
• Process monthly JIB statements to/from working interest owners.
• Ensure that expenses are properly recorded and allocated to the appropriate partners in accordance with the Joint Operating Agreement (JOA).
• Maintain and update well property files with monthly JIB reports.
• Report quarterly and annual well activity to company’s insurance agent and prepare entries allocating property insurance expense to JIB accounts annually.
• Reconcile general ledger accounts related to JIB accounting, including accounts payable and accounts receivable.
• Enter new third-party partners, operators, and properties into the accounting system.
• Enter new property billing Division of Interest (DOI) into the accounting system.
• Maintain and track operated and non-operated well payouts.
• Monitor the status of joint venture agreements and maintain an understanding of the terms and conditions of each agreement.
• Provide financial analysis and reporting to management, including budget versus actual analysis and variance analysis.
• Communicate with joint venture partners regarding billing and payment issues and resolve any disputes in a timely manner.
• Ensure compliance with regulatory requirements and internal controls related to JIB accounting.
• Coordinate and perform the month-end general ledger and sub-ledger closing process.
• Assist with special projects and other duties as assigned by management.
• Make bank deposits as needed and record daily cash activity with journal entries or cash receipt entries
• Monthly reconciliation of company bank accounts to General Ledger
• Periodic review of financial records for accuracy and reconciliation of accounts as necessary
• Analyzing financial data and provide recommendations as needed
• Ensuring financial records comply with regulatory standards
• Generate financial reports as needed
• Collaboration with other departments as needed to maintain accurate records
• Provide accounting support to others within the organization
• Gathering information needed for annual tax and other regulatory reporting
• Assist with special projects and other duties as assigned by management
• Support the organizations financial controller and other management members

Skills

- Proficiency in account reconciliation and journal entries
- Strong knowledge of Microsoft Excel and proficient with Windows Operating System and Microsoft Office applications
- Experience with OGSYS accounting software a plus
- Excellent attention to detail and accuracy - Strong typing (Includes: 10 keys)

Benefits

- Salary commensurate with experience
- Health insurance, life insurance and 401K offered
- Vacation time and holidays

Job Type: Full-time

Benefits:

• 401(k)
• Health insurance
• Life insurance
• Paid time off

Schedule:

• Monday to Friday

Ability to Commute:

• Traverse City, MI 49696 (Required)

Ability to Relocate:

• Traverse City, MI 49696: Relocate before starting work (Required)

Work Location: In person