Oil & Gas Accounts Payable - JIB Supervisor

Rausch Companies•Fayetteville, AR

18d•Hybrid

About The Position

The Accounts Payable / JIB Supervisor is responsible for supervising one or two AP/JIB Specialist. The Supervisor is responsible for teaching and reviewing processed accounts payable invoices, joint interest billings (JIB), and related accounting functions to ensure timely and compliant financial operations. This role plays a key part in maintaining vendor relationships, processing payments, and supporting regulatory and reporting requirements within accounting department. This person reports to the Controller. This is a hybrid role located in Fayetteville, AR.

Requirements

5 years of oil & gas accounting experience, with emphasis on AP and JIB processing
Bachelor’s degree in Accounting, Finance, or related field preferred; relevant work experience may substitute.
Working knowledge of Microsoft Office tools including Excel and Outlook
Must be deadline focused/driven
Must be accurate, timely, and organized
Ability to maintain confidential information

Responsibilities

Assist with coding and approving for all Accounts Payable invoices, including field and in-house invoices involved in the operations of an oil/gas company
Submit invoices through workflow for online approval
Review for proper coding from supervised personnel and field personnel and proper approvals.
Post payments received in the Accounts Receivable module. Review AR monthly to determine if payments received are timely. Contact clients with consistent late payments.
Create AFE’s per Engineering Dept directions and distribute
Post AFE-related wire transactions going out/and receiving
Book overhead (recurring entries), pumper expenses, insurance, bonds, and other manual journal entries (MJEs) related to Joint Interest Billing
Process monthly Joint Interest Billings and mail or distribute on-line.
Reconcile AFE accounts, AP accounts, JIB clearing, and AR accounts
Complete month-end close and closing files in Quorum AP, AR, and JIB modules
Post expenses and revenue from GL (net of royalties and taxes) to payout worksheets
Maintain payout records outside of the Quorum system on Excel
Assist Engineering dept on annual expense budgeting (e.g., 2026 operating budget)
Set up JIB decks for newly acquired and new drilled wells
Review prior-month expenses on Lease Operating Statements (LOS)
Coordinate new vendor setup.
Assists Corporate Financial Officers and division personnel as necessary