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Permian Resources - Midland, TX
posted 2 months ago
Full-time - Entry Level
Midland, TX
Oil and Gas Extraction
About the position
The JIB Accountant at Permian Resources is responsible for managing general Joint Interest Billing (JIB) accounting duties, including recording non-operated JIBs and preparing monthly billing entries. This role requires a solid understanding of the oil and gas industry, strong accounting skills, and proficiency in Microsoft Excel.
Responsibilities
- Review, code, and process non-operated JIBs, ensuring accurate coding and allowable costs per JOAs or COPAS.
- Dispute items that are not allowable and make inquiries of the Operator for inaccuracies.
- Identify and communicate any working interest discrepancies to appropriate personnel.
- Prepare standard monthly JIB entries, including reclass journal entries, monthly supervision and overhead, and material transfers.
- Maintain monthly allocations within Quorum accounting software.
- Track prepayments and cash calls made to and received from non-operators, applying prepayments to appropriate JIBs.
- Apply payments to working interest owners' accounts.
- Review and research aged accounts receivable balances, making inquiries regarding non-payments.
- Assist with inventory counts and reconciliation to Quorum.
- Update and maintain overhead rate schedule.
- Pull audit support as needed.
- Assist in answering working interest owner questions in a timely and accurate manner.
- Prepare monthly JIB account reconciliations by due date.
- Provide support for special projects and perform other duties as assigned.
Requirements
- Bachelor's degree in Accounting, Finance, Business or equivalent experience preferred.
- Minimum of 1 year of experience in oil and gas, preferably in JIB accounting.
- Proficiency in Microsoft Office, particularly Excel and Word.
- Strong organizational and analytical skills.
- Ability to prioritize activities and meet deadlines.
- Strong written and verbal communication skills.
- Must possess a strong work ethic.
Nice-to-haves
- Experience with Quorum accounting software is preferred but not required.
- Experience with EnergyLink is preferred but not required.
