Accountant II - Joint Interest Billing

Department/Division: Accounting & Finance

Location: Houston, TX

Reports Directly To: Supervisor – Expenditures Accounting

FLSA Status: Exempt

SUMMARY:

MEPUSA, a subsidiary of Mitsui & Co., Ltd., is an E&P company with substantial investments in gas assets located in the United States. The Accounting & Finance department is seeking a JIB Accountant II, who will play a critical role in ensuring the accuracy of accounting for our onshore operated and non-operated properties. The JIB Accountant II will accurately record capital and lease operating expenditures, maintain accurate property and inventory records, and ensure compliance with COPAS accounting standards and regulations. The ideal candidate will have strong communication skills, the ability to recommend accounting process improvements, foster a positive team environment, and be able to communicate monthly accounting results.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Process monthly Joint Interest Billing (JIB) invoices, prepare standard monthly JIB entries, monthly capital expenditure accrual entries and lease operating expense accrual entries.
• Relevant knowledge of COPAS to ensure expenses are properly recorded and allocated to partners in accordance with Joint Operating Agreements (JOA).
• Analyze partner/JIB receivable accounts to ensure timely and accurate payments.
• Joint venture (JV) audits including JOA, Accounting Procedure, and COPAS reviews.
• Inventory accounting.
• PP&E accounting including rollforward, work-in-process, and in-service reviews.
• Operations reviews & analytics including LOS reporting, budget vs. actuals and Operations reporting / support.
• Maintain and enhance internal control processes to ensure the accuracy and reliability of financial information.
• Prepares balance sheet account reconciliations for assigned accounts on a monthly basis.
• Special projects as needed.

QUALIFICATIONS:

• Knowledge of Joint Operating Agreement and COPAS accounting principles.
• Exceptional analytical and critical thinking skills.
• Excellent attention to detail and commitment to accuracy.
• Ability to work independently and manage monthly deadlines.
• Intermediate Microsoft Office required (including Excel and Word)

EDUCATION and / or EXPERIENCE:

• Bachelor’s degree in accounting or equivalent is required.
• Minimum 3 years of experience in oil and gas accounting.
• Quorum accounting software experience preferred but not required.
• EnergyLink experience preferred but not required.

LANGUAGE SKILLS:

• Fluent verbal and written English skills.

WORK ENVIRONMENT & PHYSICAL DEMANDS:

• This job operates in a professional office environment and routinely uses standard office equipment
• May occasionally be asked to work nights/weekends if urgent issues arise
• Eligible for Hybrid Telework Program with a minimum of 3 days in-office weekly
• Must be able to sit for extended periods

Benefits & Perks

• Medical, Dental, Vision benefits
• 401K and Company Match
• Educational Assistance
• Generous PTO Policy
• Fitness Reimbursement
• Breakroom Snacks / Beverages
• Eligible for Hybrid Workplace Flexibility Program

Position Competencies

• Job Knowledge
• Productivity
• Dependability
• Accounting Quality
• Responsiveness
• Initiative

Disclaimer:

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.
MEPUSA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability