We're partnering with a client in North Houston who is seeking a JIB Accountant to join their team on a contract-to-hire basis. Below is a summary of the description. Review and apply by sending your resume to ltjolliffe@bgsf.com

JOB SUMMARY

Primary responsibilities include full accountability for operated and non-operated payouts, JIB receivables and non-op JIB processing. 

QUALIFICATIONS

• This position requires a degreed Accountant with a minimum of 3 to 4 years of Oil & Gas Accounting experience with an emphasis in JIB accounting.
• Payout experience is preferred.
• Strong Microsoft Excel skills are required. Must be efficient in Excel with use of PIVOT tables and VLOOKUP.
• Successful candidates for this position must have strong analytical skills, be a motivated self-starter, and possess the ability to multi-task and meet deadlines.
• This position requires strong verbal and written communication skills.
•  The candidate must possess the ability to interact effectively with external and internal parties at all levels of the organization.
• Understanding of intercompany relationships is a plus.
• Experience with Bolo accounting software and JIBLink a plus.

RESPONSIBILITIES

• Manage the payout process for operated properties ensuring compliance and timely issuance of payout statements to all parties.
• Track operated and non-operated payouts, monitor payout balances and allocate expenses to the correct deck after payout.
• Communication with partners to retrieve non-op payout statements.
• Reconciliation of the payout master database to the system of record.
• Analyze partner receivable accounts for three operating companies ensuring efficient, timely and accurate payment.
• Work as a liaison with the JIB team and the partners to track and resolve outstanding billing disputes with partners in a timely manner.
• Maintain AR reports for documenting issues and collection efforts.
• Research and identify receivables that are potentially uncollectible and submit recommendations for resolution to management.
• Utilize accounting and partner-specific knowledge to appropriately respond to outstanding accounts receivable issues resulting from various causes.
• Responsible for the accurate and timely processing of non-op joint interest invoices.  
• Review and interpret joint operating agreements as needed.
• Prepare monthly journal entries as required.
• Assist with regulatory reporting as needed.
• EDUCATIONCandidate must possess a Bachelor’s degree in Accounting or related area. 

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