Associate Joint Venture (JV) Accountant

Murphy Oil•Houston, TX

2d•Hybrid

About The Position

The Associate Joint Venture Accountant performs day-to-day and month-end accounting processes and supports partner cost recovery initiatives. The role requires effective communication with internal stakeholders, including Land, Operations, and Finance, and external Joint Venture Partners, both operating and non-operating. The accountant is responsible for completing assigned work and ad-hoc projects accurately and on time, learning quickly, improving processes, maintaining a sound control environment, and contributing both independently and as part of a team. The position is based in Murphy Oil Corporation’s Houston corporate office, with the option to work remotely two days per week. Work is performed almost entirely in a controlled indoor environment and generally does not involve hazardous or extreme elements. Some positions may require regularly moving or transporting items weighing up to 25 pounds around the office. The individual must be able to complete the essential physical requirements of the job with or without reasonable accommodation and follow applicable safety precautions.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 6 months of experience in Joint Venture and/or Operations accounting in the oil and gas industry.
Experience with SAP JVA/CO modules, including cost center, equity group, JOA, and distribution cycle functions.
Familiarity with operating agreements for U.S. onshore and offshore operations.
Excellent Microsoft Excel knowledge.
Follow all applicable safety precautions.
Ability to complete all essential physical requirements of the job with or without reasonable accommodation.

Nice To Haves

Knowledge of payout calculations.
Experience with cost recovery projects.
Comfort performing account reconciliations.
Understanding of inventory and equipment transfer accounting treatments.
Current knowledge of COPAS interpretations.
Familiarity with Microsoft Power BI and Power Automate.

Responsibilities

Manage month-end joint venture close processes for U.S. operating entities and related key controls.
Compute company labor billable hourly rates for global use annually.
Support internal time-writing processes and reporting.
Calculate and track operated and non-operated payouts for U.S. properties.
Advise on proper overhead setup and expense decks for new U.S. AFEs.
Perform joint venture accounting balance-sheet reconciliations and follow-ups.
Maintain joint venture master data and manage necessary ownership adjustments.
Build schedules and journals for reallocation, billability, and overhead adjustments as required.
Scrutinize and process non-operated U.S. joint interest bills.
Assist with partner and JV audit inquiries relating to U.S. properties.
Work on cost recovery efforts as opportunities arise.
Ensure tasks comply with relevant accounting standards and SOX controls.
Contribute to process-streamlining and automation projects and work with IT on user testing.