Senior JIB AR Accountant

Crescent Energy Management • Houston, TX

13d • Onsite

About The Position

Crescent Energy is seeking an experienced Senior JIB Accounts Receivable Accountant to join our Houston-based Accounting organization. This position will be responsible for leading the Company's joint interest billing (JIB) accounts receivable recovery efforts, including collections, aging management, ownership resolution, and netting activities across Crescent's operated asset portfolio. The role will serve as the primary owner of the JIB accounts receivable process, partnering closely with Joint Venture Accounting, Division Order, Land Administration, Revenue Accounting, Operations, and Finance to improve recoveries, execute netting opportunities, resolve ownership issues, and reduce outstanding receivable balances. The ideal candidate will have at least 5 years of upstream oil and gas accounting experience, including exposure to JIB accounting, accounts receivable, ownership management, collections, or joint venture accounting. The successful candidate will possess strong analytical skills, a proactive mindset, and the ability to drive results across multiple stakeholders.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 5+ years of upstream oil and gas accounting experience with exposure to JIB accounting, accounts receivable, collections, owner relations, division order, or joint venture accounting.
• Strong understanding of Joint Operating Agreements (JOAs), ownership structures, and joint interest billing processes.
• Experience managing aged receivables, collections, payment disputes, and partner communications.
• Strong analytical, problem-solving, and organizational skills.
• Advanced proficiency in Microsoft Excel.
• Experience with oil and gas accounting systems and ERP platforms required; SAP experience preferred.

Nice To Haves

• Certified Public Accountant (CPA), Accredited Petroleum Accountant (APA), or similar professional designation preferred.
• Experience with JIB netting programs and ownership-related recovery efforts.
• Understanding of division order setup, ownership transfers, suspense management, and final deck administration.
• Experience identifying and resolving unknown owner balances and ownership discrepancies.
• Demonstrated ability to work effectively across Accounting, Land, Division Order, Revenue, and Operations organizations.
• Proven track record of improving collections, reducing aged receivables, and driving process improvements.

Responsibilities

• Lead Crescent's JIB accounts receivable process, including aging analysis, collections, dispute resolution, recovery initiatives, and management reporting.
• Own the Company's JIB netting process, including identification of opportunities, coordination with Division Order and Revenue Accounting, execution of netting transactions, and tracking of recoveries.
• Serve as the primary liaison to Division Order and Land Administration to resolve ownership-related collection issues, facilitate final JIB deck transfers, and improve owner setup timeliness.
• Lead efforts to identify, track, and resolve unknown owner balances, ownership discrepancies, legacy balances, and other items impacting collectability.
• Develop and execute collection strategies for difficult-to-collect accounts, including partner outreach, escalation efforts, and demand letter administration.
• Monitor collection performance, aging trends, and partner payment behavior to identify risks and improve recovery rates.
• Identify opportunities to improve processes, strengthen controls, and enhance cross-functional coordination to reduce receivable exposure.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior