JIB Accountant

Job Summary:

This position will be responsible for the monthly A/P and JIB processes including but not limited to coding, processing and payment of all invoices, monthly JIB preparation and distribution, monthly cost analysis and related variance reporting, quarterly expense accruals, general ledger account reconciliations, and additional ad hoc assignments as needed.

Essential Job Responsibilities:

  • Code, input, circulate for approval, and process invoices (well-related and G&A) as received

  • Review JIB detail and post any needed corrections prior to processing monthly JIBs

  • Process, print and distribute monthly JIBs

  • Prepare and book expense accruals quarterly

  • Process and mail year-end 1099s

  • Responsible for booking quarterly ARO estimates and actual year end ARO calculation

  • Responsible for the accuracy and distribution of monthly LOS reports

  • Responsible for maintaining property sub-ledger reports

  • Analysis of actual lease operating expenses against forecasts, budgets and prior periods

  • Reporting any major variances

  • Partnering with business teams to understand the operations and ensure actuals and accruals

  • Properly reflect the operating activities

  • Responsible for AFE maintenance in accounting system and AFE vs actual reporting

  • Ensure timely collection of outstanding JIB receivables

  • Responsible for maintaining expense decks in accounting system

  • Promptly request new vendor setup from Controller as needed

  • Ensure that vendor W-9’s are on file prior to vendor setup

  • Review procurement contracts for leases and ASC 842 compliance

  • Monthly reconciliation of AP and JIB related general ledger accounts

  • Responsible for all AP/JIB related audit support

  • Other duties as assigned by management

Qualifications/Requirements

  • Must have a Bachelor’s Degree in Accounting

  • Minimum seven (7) years in depth experience of oil and gas joint interest accounting

  • (Operated and non-operated properties) and general AP knowledge

  • Ability to work independently and solve problems

  • Ability to complete multiple, diverse tasks of differing priorities

  • Understanding of Sarbanes Oxley compliance documentation

  • Ability to work collaboratively with all levels of the organizations

  • Proficient using OGsys accounting software (On Demand version preferred), Microsoft Office (Excel, Word and Outlook) and EnergyLink

To be considered for this position, please send your resume to info@Peak10Energy.com