Associate Joint Venture Accountant

Job Description

Associate Joint Venture (JV) Accountant | Murphy Oil Corporation

The Tone:
This is a full-time role at Murphy Oil Corporation, located in Houston, TX with a hybrid work option, allowing for two days remote work per week. Murphy Oil Corporation believes the rich experiences and backgrounds of its employees strengthen the Company, create a productive workforce, and drive its success, aiming to provide energy that empowers people. The company challenges the norm, leveraging its legacy and financial discipline to deliver inspired energy solutions. This role is essential for performing day-to-day and month-end joint venture accounting processes, contributing to partner cost recovery initiatives, and maintaining a solid control environment, aligning with the company’s values of “Do Right Always,” “Think Beyond Possible,” and “Stay With It.” The Associate JV Accountant directly supports the financial discipline and operational success of Murphy Oil.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid Houston, TX

• Mission: Manages critical day-to-day and month-end joint venture accounting processes and drives partner cost recovery efforts for US operations, ensuring timely and accurate financial completion.
• Tech Stack: SAP JVA/CO module, Microsoft Excel, Microsoft Power BI, Power Automate

What You’ll Actually Do
• Manage: Lead month-end joint venture close processes for US operating entities and maintain related key controls.
• Compute: Calculate company labor billable hourly rates for global use on an annual basis.
• Process: Scrutinize and process non-operated US joint interest bills efficiently and accurately.
• Advise: Guide proper overhead setup and expense deck for new Authority for Expenditures (AFEs) within the US.
• Reconcile: Perform comprehensive joint venture accounting related balance sheet reconciliations and follow-ups.
• Maintain: Manage joint venture master data and oversee necessary ownership adjustments.
• Support: Work on various cost recovery efforts as opportunities arise and assist on partner and JV audit inquiries for US properties.

The Must-Haves
• Background: Bachelor’s degree in Accounting or Finance with core domain knowledge in Joint Venture and/ or Operations accounting in the oil and gas sector.
• Experience: Minimum 6 months of experience in Joint Venture and/ or Operations accounting within oil and gas, with practical experience using SAP JVA/CO module.
• Skills: Strong proficiency in SAP JVA/CO module (including cost center, equity group, Joint Operating Agreement, and distribution cycle), excellent Microsoft Excel knowledge, and familiarity with operating agreements for US onshore & offshore operations.
• Bonus: Knowledgeable with payout calculations, experience with cost recovery projects, comfortable performing account reconciliations, understanding of inventory and equipment transfer accounting treatments, current on COPAS interpretations, and familiarity with Microsoft Power BI and Power Automate.