Oil & Gas Accounts Payable - JIB Supervisor

Rausch Companies•Fayetteville, AR

3d•Hybrid

About The Position

The Accounts Payable / JIB Supervisor supervises one or two AP/JIB Specialists and teaches and reviews their processing of accounts payable invoices, joint interest billings (JIB), and related accounting functions. The role supports timely and compliant financial operations, vendor relationships, payment processing, and regulatory and reporting requirements within the accounting department. This hybrid position is located in Fayetteville, Arkansas, and reports to the Controller. The position covers accounts payable, accounts receivable, AFE administration, JIB processing, month-end close and reconciliations, payout records, annual expense-budgeting support, and setup for newly acquired or drilled wells. The Supervisor also coordinates new vendor setup and assists corporate financial officers and division personnel as needed.

Requirements

Five years of oil and gas accounting experience, with emphasis on AP and JIB processing.
Working knowledge of Microsoft Office tools, including Excel and Outlook.
Deadline-focused and driven.
Accurate, timely, and organized.
Ability to maintain confidential information.
Ability to meet the stated physical demands, including prolonged sitting and frequent computer use.

Nice To Haves

Bachelor’s degree in Accounting, Finance, or a related field; relevant work experience may substitute.

Responsibilities

Supervise one or two AP/JIB Specialists; teach and review their accounting work.
Assist with coding and approving accounts payable invoices, including field and in-house invoices related to oil and gas operations.
Submit invoices through the workflow for online approval.
Review coding and approvals completed by supervised personnel and field personnel.
Post payments received in the Accounts Receivable module, review monthly payment timeliness, and contact clients with consistent late payments.
Create AFEs according to Engineering Department directions and distribute them.
Post outgoing and incoming AFE-related wire transactions.
Book overhead recurring entries, pumper expenses, insurance, bonds, and other manual journal entries related to JIB.
Process monthly Joint Interest Billings and mail or distribute them online.
Reconcile AFE, AP, JIB clearing, and AR accounts.
Complete month-end close and closing files in Quorum AP, AR, and JIB modules.
Post expenses and revenue from the general ledger, net of royalties and taxes, to payout worksheets.
Maintain payout records outside the Quorum system in Excel.
Assist the Engineering Department with annual expense budgeting.
Set up JIB decks for newly acquired and newly drilled wells.
Review prior-month expenses on Lease Operating Statements (LOS).
Coordinate setup of new vendors.
Assist corporate financial officers and division personnel as necessary.