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Job - Sr JIB Accountant in Texas

Texas, United States
Job type
Commercial, Financial and Legal Jobs
Job Reference
Posted on
3 Oct 2016
View all Jobs from Energy_Jobline

About the Role:


POSTION SUMMARY: Responsible for Joint Interest Billing (JIB) analysis and reporting

REPORTS TO: Joint Interest Billing Manager (Manager - Financial Reporting)


  • Perform JIB research related to operator statements and report results to JIB manager
  • Strong understanding of how legal structure functions between operatorship and non-operatorship related to JIB accounting
  • Understand, review and research general ledger accounts related to JIB process
  • Strong familiarity with financial system flows between Excalibur and SAP
  • Strong analytical skills in dealing with JIB variances and ability to provide reasonable explanations with supporting documentation for related variances.
  • Ability to understand and to interpret the terms of Joint Operator Agreements/Purchase Sale Agreements and apply relevant terms to JIB setup and process
  • Setup and maintain AFEs, process cash calls and related prepayments
  • Receive and process JIB/vendor payable invoices to accounting system, strong understanding of the JIB cutback process
  • Ability to identify and apply appropriate coding to JIB/vendor invoices for LOE, CapEx and related expense accounts
  • Ability to analyze acquisition data and integrate such data into all segments within all systems
  • Prepare monthly account reconciliations and prepare necessary journal entries
  • Ability to create Adhoc reports as needed to assist with reporting analysis
  • Ability to test software patches/upgrades to accounting system in Train /Testing environment
  • For general ledger accounts, vendors, wells, leases, AFE, working interest/division of interest decks understand all system attributes and the interface relationship between these attributes and system reports

Preferred Qualifications:
  • Certified Public Accountant certification or eligible to sit for CPA exam strongly preferred
  • Minimum 10 years oil and gas experience strongly preferred
  • Must be self-motivated
  • Must be a team player and work with minimal supervision
  • Excellent analytical skills
  • Must possess excellent communication and organizational skills, be flexible to changing circumstances, able to multi-task, problem-solve, and manage time and provide deliverables accordingly
  • Be able to work with various levels of professionals inside and outside organizational structure
  • Proficiency with various software programs such as SAP, Excalibur, MS Outlook, Word and particularly strong MS Excel skills
Required Qualifications:
High School Grad / GED:Required;Bachelor's - Acct / Finance:Required;Experience:5 years;

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