25-395.E1 - JIB Accountant

Posted 2 Days Ago
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Houston, TX
Junior
Energy
The Role
The JIB Accountant is responsible for managing the monthly joint interest billing process for company properties, ensuring compliance with oil and gas accounting standards. Responsibilities include generating invoices, maintaining cost allocations, reconciling accounts, preparing invoices for services, and collaborating with operations.
Summary Generated by Built In

Responsible for handling all functions related to the monthly JIB process for company Operated properties, while ensuring compliance with proper oil and gas accounting procedures (COPAS).

Essential Job Responsibilities:

  • Generates joint interest billing (JIB) invoices for the company.
  • Establishes and maintains cost allocations for all operated properties.
  • Calculates salt water disposal (SWD) and platform fees for the company’s operated properties.
  • Calculates and maintains Production Handing Agreements and Facility Use Agreements.
  • Reconciles joint interest billing (JIB) and general ledger accounts.
  • Establishes and maintains operated authority for expenditures (AFE’s) in Accounting System.
  • Reviews and reports to management monthly variances and reasons for variance on lease operating cost.
  • Calculates and records drilling, producing and major construction overhead for company operated properties.
  • Creates and maintains Operated Payouts.
  • Prepares manual invoices for contract services provided by the company.
  • Establishes and maintains schedules for acquisition properties to properly record property allocations, SWD, Production Handling Agreements, and facility usage fees.
  • Works closely with Operations for ongoing issues and attends appropriate asset team meetings on a regular basis.
  • Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation.
  • Supports company vision and mission.  
  • Adheres to established work schedule, attendance standards and is punctual to work and meetings.

Other Job Responsibilities:

  • Performs special projects that require knowledge of oil and gas operational accounting.
  • Maintains employee confidence and protects operations, including intellectual properties, by keeping information confidential.
  • Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
  • Contributes to team effort by accomplishing related tasks, as needed.
  • Other duties as assigned by management.

Qualifications:

  • Two (2) years minimum experience in oil and gas accounting.
  • Ability to accurately solve problems and exceptional proficiency in data management including spreadsheet proficiency.
  • Ability to establish and maintain effective working relationships with employees, supervisors, other departments, officials, and the public.
  • Ability to complete multiple, diverse tasks of differing priorities.
  • Outstanding administrative and organizational skills.
  • Excellent written and verbal communication skills, with specific ability to translate complex operational information into an organized and presentable manner.
  • Working knowledge of oil and gas accounting systems.
  • Proficiency in the use and application of the following software:
    • Required:   Microsoft Office (Excel, Word and Outlook).
    • Preferred:   Specific knowledge and experience with SAP.
    • Preferred:   Knowledge of EnergyLink (Formerly JIBLink).

Education Requirements:

  • Bachelor’s Degree from an accredited four-year university or college.

Certifications, Licenses, Registrations:

  • None.

Top Skills

Energylink
Excel
Microsoft Outlook
Microsoft Word
SAP
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The Company
HQ: Houston, TX
1,680 Employees
On-site Workplace
Year Founded: 1989

What We Do

Hilcorp Energy Company was founded in 1989 with the vision of being the premier independent energy company in America. Today, it is now the largest privately owned oil and natural gas company in the country. Hilcorp is a company founded on the principles of innovation and entrepreneurism. Our Core Values of "integrity, urgency, ownership, alignment, and innovation"​ are central to everything we do and are fundamental to our culture.

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