Joint Interest Billing (JIB) Accountant - Energy Company
Company Profile:
Cat Canyon Resources, LLC is an independent energy company engaged in the revitalization of the historic Cat Canyon Oil Field on the Central Coast of California.
We are a diverse, employee-driven team, with a keen eye on our community and environment.
Job
Summary:
The Joint Interest Billing (JIB) Accountant will maintain ledgers on costs, expenses, production of wells and facilities with shared partners, in addition to collecting and dispersing funds with partners, in conjunction with various contracts.
Responsibilities/Duties:
Maintain capital project tracking;Track and maintain approvals;Review, assign authorization for expenditure (AFE) numbers;Reconcile and maintain budget to actual reporting;Create entries to bill ad valorem tax twice annually;Create and upload journal entries/vouchers to include, amortization of company-owned equipment, reverse/rebooks due to non-consent, vehicle depreciation, correction entries and amortization of prepaid insurance;Reconcile material transfer focused primarily on tubing transfers;Prepare monthly account reconciliations including accounts receivable, JIB clearing, write-off accounts, void delay rental checks, JIB suspense, prepayments, etc.
;Process accounts payable including invoice coding review, posting and tracking;Complete special projects as necessary.
Joint Interest Billing (JIB) Processing:
Read, analyze and understand accounting procedures from the Journey of Accountancy(JOA), to ensure correct billing of overhead;Enter and maintain, JIB decks;Execute the monthly joint billing close process;Coordinate and be the main point of contact for JIB audits;Obtain partner approvals for capital projects;Correct allocation errors;Assume responsibility for the preparation of reports supporting receipts of funds from partners and joint interests.
Qualifications:
6 -8 years' joint interest billing experience within the oil & gas industry;Strong knowledge of Microsoft Office (Word, Excel, Powerpoint, Outlook);Working knowledge of OG OnDemand (OGsys), preferred, or prior experience with other enterprise information systems;Astute oral and written communication and interpersonal skills;Exceptional organizational, proof-reading, time management, multi-tasking, attention to detail and follow-through skills;Ability to work effectively alone and within a team environment;Other duties as assigned.
Working Hours:
7:
00AM-4:
00PM, or 8:
00AM - 5:
00PMCompensation:
$95,000 annual base salary for this full-time, exempt position
Benefits:
Medical insurance paid 80% by the company for the employee and dependents for the HMO and PPO plans;Dental and vision insurance;Life and disability insurance paid 100% by the company for the employee;Monthly contribution by company to employee and dependents' HSA PPO plan401(K) retirement plan, with generous annual company match;80 hours paid vacation during years 0 - 4 and rising incrementally thereafter on an accrual basis;80 hours paid annual sick time offered as a lump sum at the beginning of each year;10 paid public holidays;Service-based awards;Optional supplemental insurance.
Location:
Houston, TX - In Office Position (109 North Post Oak Lane, Suite 230, Houston, TX 77024) Recommended Skills Accounting Accounts Payable Accounts Receivable Attention To Detail Auditing Billing Estimated Salary: $20 to $28 per hour based on qualifications.
Cat Canyon Resources, LLC is an independent energy company engaged in the revitalization of the historic Cat Canyon Oil Field on the Central Coast of California.
We are a diverse, employee-driven team, with a keen eye on our community and environment.
Job
Summary:
The Joint Interest Billing (JIB) Accountant will maintain ledgers on costs, expenses, production of wells and facilities with shared partners, in addition to collecting and dispersing funds with partners, in conjunction with various contracts.
Responsibilities/Duties:
Maintain capital project tracking;Track and maintain approvals;Review, assign authorization for expenditure (AFE) numbers;Reconcile and maintain budget to actual reporting;Create entries to bill ad valorem tax twice annually;Create and upload journal entries/vouchers to include, amortization of company-owned equipment, reverse/rebooks due to non-consent, vehicle depreciation, correction entries and amortization of prepaid insurance;Reconcile material transfer focused primarily on tubing transfers;Prepare monthly account reconciliations including accounts receivable, JIB clearing, write-off accounts, void delay rental checks, JIB suspense, prepayments, etc.
;Process accounts payable including invoice coding review, posting and tracking;Complete special projects as necessary.
Joint Interest Billing (JIB) Processing:
Read, analyze and understand accounting procedures from the Journey of Accountancy(JOA), to ensure correct billing of overhead;Enter and maintain, JIB decks;Execute the monthly joint billing close process;Coordinate and be the main point of contact for JIB audits;Obtain partner approvals for capital projects;Correct allocation errors;Assume responsibility for the preparation of reports supporting receipts of funds from partners and joint interests.
Qualifications:
6 -8 years' joint interest billing experience within the oil & gas industry;Strong knowledge of Microsoft Office (Word, Excel, Powerpoint, Outlook);Working knowledge of OG OnDemand (OGsys), preferred, or prior experience with other enterprise information systems;Astute oral and written communication and interpersonal skills;Exceptional organizational, proof-reading, time management, multi-tasking, attention to detail and follow-through skills;Ability to work effectively alone and within a team environment;Other duties as assigned.
Working Hours:
7:
00AM-4:
00PM, or 8:
00AM - 5:
00PMCompensation:
$95,000 annual base salary for this full-time, exempt position
Benefits:
Medical insurance paid 80% by the company for the employee and dependents for the HMO and PPO plans;Dental and vision insurance;Life and disability insurance paid 100% by the company for the employee;Monthly contribution by company to employee and dependents' HSA PPO plan401(K) retirement plan, with generous annual company match;80 hours paid vacation during years 0 - 4 and rising incrementally thereafter on an accrual basis;80 hours paid annual sick time offered as a lump sum at the beginning of each year;10 paid public holidays;Service-based awards;Optional supplemental insurance.
Location:
Houston, TX - In Office Position (109 North Post Oak Lane, Suite 230, Houston, TX 77024) Recommended Skills Accounting Accounts Payable Accounts Receivable Attention To Detail Auditing Billing Estimated Salary: $20 to $28 per hour based on qualifications.
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