JIB Manager

Job Description

Permian Resources (NYSE: PR) is currently seeking a JIB Manager reporting to the VP & Controller in Midland, TX. This role ensures accurate and timely allocation of costs among joint venture partners, compliance with industry standards, and the implementation of best practices to optimize cost recovery and financial reporting. The JIB Manager collaborates with accounting, operations, and land departments to manage JIB processes efficiently.

General Responsibilities

• Oversee and manage the preparation, review, and distribution of joint interest billings (JIBs) to partners in accordance with joint operating agreements (JOAs).
• Ensure accuracy and completeness of cost allocations and billings by reviewing account coding, invoices, and allocations.
• Manage the monthly JIB cycle, including cost recoveries, partner billings, and cash call processes.
• Collaborate with the operations and land departments to resolve partner queries and disputes regarding JIB statements.
• Ensure compliance with industry regulations, including COPAS (Council of Petroleum Accountants Societies) guidelines and company policies.
• Implement process improvements to enhance efficiency and accuracy in JIB accounting.
• Support audits and partner reviews by preparing necessary documentation and reconciling discrepancies.
• Manage the JIB accounting team, providing leadership, mentorship, and performance evaluations.
• Work closely with IT to maintain and optimize JIB accounting software (Quorum)
• Prepare and analyze JIB-related reports, ensuring senior management is informed of financial performance and potential issues.
  
  

Minimum Qualifications

• Bachelor’s degree in Accounting, Finance, or an equivalent combination of a high school diploma and relevant work experience.
• Minimum of 7-10 years of experience in oil and gas accounting, with significant exposure to JIB accounting.
• Strong knowledge of oil and gas joint venture agreements, COPAS guidelines, and JIB best practices.
• Experience working with accounting software such as SAP, Quorum, Enertia, or other JIB-related systems.
• Excellent analytical, problem-solving, and communication skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Strong leadership and team management abilities.
  
  

Preferred Qualifications

• CPA or relevant certification, preferred
  
  

Permian Resource is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.