JIB Accountant

2 weeks ago


Houston, Texas, United States BGSF Full time
Job Summary

We are seeking a highly skilled JIB Accountant to join our team at BGSF. As a key member of our accounting team, you will be responsible for managing the payout process for operated properties, ensuring compliance and timely issuance of payout statements to all parties.

Key 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.
  • Communicate with partners to retrieve non-op payout statements.
  • Reconcile 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 partners to track and resolve outstanding billing disputes 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 respond to outstanding accounts receivable issues resulting from various causes.
  • Process non-op joint interest invoices accurately and timely.
  • Review and interpret joint operating agreements as needed.
  • Prepare monthly journal entries as required.
  • Assist with regulatory reporting as needed.
Requirements
  • Candidate must possess a Bachelor's degree in Accounting or a related field.
  • Minimum 3-4 years of Oil & Gas Accounting experience with an emphasis in JIB accounting.
  • Payout experience is preferred.
  • Strong Microsoft Excel skills are required, with proficiency in PIVOT tables and VLOOKUP.
  • Strong analytical skills, motivated self-starter, and ability to multi-task and meet deadlines.
  • Strong verbal and written communication skills, with 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 is a plus.

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