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JIB Accountant in Houston, TX at Search Services

Date Posted: 8/6/2018

Job Snapshot

  • Employee Type:
  • Location:
    Houston, TX
  • Job Type:
  • Experience:
    At least 3 year(s)
  • Date Posted:

Job Description


Our client is seeking a contract Joint Venture/JIB Accountant. This position will be responsible for all aspects of JIB/Joint Venture Accounting including allocations, overhead, monthly processes, accruals, variance analyses, payouts, owner relations and other tasks and projects as assigned.

  • Four year degree preferred
  • Three years experience in JV and or JIB accounting
  • Enertia experience preferred
  • Exceptional Excel skills a must
  • Self - starter with excellent problem solving and analytical skills
  • Excellent interpersonal skills to work in a team environment
  • Quick learner with excellent work habits

Duties and Responsibilities

  • Perform and assist with JV audits.
  • Perform monthly accruals for LOE and capital expenditures.
  • Set up of payouts as needed and calculation and tracking of payouts.
  • Set up and Maintain Joint Venture Accounting Master Files.
  • Set up and Maintain AFE Master Files.
  • Perform monthly Joint Venture Accounting close processes.
  • Maintain Joint Venture Account Receivables including monthly Cash Receipt Application, Aging Reports, Account Analysis and Collections.
  • Perform monthly Account Reconciliations for assigned accounts.
  • Provide Variance Analysis for assigned properties to include with monthly Operations Reporting Package.
  • Provide support, as needed, for Internal / External Audit processes
  • Perform Special Projects as assigned by Supervisor

JIB Duties:

  • In depth working knowledge of overall joint interest billing process
  • Ability to work independently and problem solve
  • Ability to work with software provider to resolve system questions/problems
  • Have experience in calculating ARO and DD&A and booking same
  • Must have experience working with operated and non?operated invoicing
  • Working knowledge in downloading JIB data 
  • Working knowledge in uploading operated JIB data 
  • Coding, input, review and processing of invoices (well related and G&A)
  • Review JIB detail and post any needed corrections prior to processing monthly JIB’s
  • Process, print and mail monthly JIB’s
  • Prepare monthly expense accruals
  • Account reconciliations
  • Prepare interim and year end audit schedules
  • Ensure timely collection of outstanding receivables
  • Set up expense decks
  • Set up AFE’s and vendors to ensure that W9’s have been received prior to paying
  • Process and mail year end accounts payable 1099’s

Job Requirements

Joint Interest Accounting