What are the responsibilities and job description for the JIB Senior Analyst position at Search Services?
JIB Senior JIB Analyst
Requirements
Requirements
- Bachelor’s degree in Accounting, Finance or a related field
- Oil and gas upstream industry experience
- Generally 3-5 years of upstream JIB/AP Experience
- Understanding of JIB and AP cycles
- Understanding of division orders and working interests
- Advanced Microsoft excel skills
- Working knowledge of EnergyLink
- Good understanding of the AP and JIB processes
- Smart, ambitious and eager to learn
- High level of accuracy and attention to detail
- OpenInvoice / JIBFlow experience
- Bolo experience.
- Experience in processing check runs.
- Able to multi-task, prioritize workload, and work effectively in a fast-paced team environment
- Review joint interest billing statements received from the operator to ensure accuracy and compliance with joint operating agreements (JOAs).
- Reconcile JIB statements with internal records and general ledger accounts.
- Analyze costs allocated by the operator to ensure they are reasonable, necessary, and in accordance with the JOA.
- Identify and investigate any discrepancies or unusual charges.
- Communicate with the operator and other joint venture partners to resolve billing discrepancies, disputes, and inquiries.
- Provide detailed explanations and support to internal stakeholders regarding JIB-related matters.
- Assist with external audits by providing necessary documentation and explanations related to non-operated joint interest billings.
- Ensure proper documentation of all transactions and agreements related to non-operated joint ventures.
- Identify opportunities for improving joint interest billing processes and procedures.
- Monitor cash calls and Authorization for Expenditure (AFE) requests from the operator.
- Ensure timely and accurate processing of cash calls and track expenditures against approved AFEs.
- Ensure data integrity and accuracy within the accounting system.
- Perform and review JIB account reconciliations.
