Joint Interest Accountant

Job Description

JIB Accountant | CFS

The Tone:
This is an accountant position located in The Woodlands, TX, as a key member of the Joint Interest Accounting team at CFS, a midsize Oil & Gas company. The company fosters a family-oriented work culture and provides significant opportunities for professional growth within the organization. This role is crucial for ensuring the financial integrity and timely operations of joint interest billings, directly supporting the company’s financial health and partner relations. Employees also benefit from an on-site workout facility with a trainer and a lucrative compensation package.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person The Woodlands, TX
• Team: Joint Interest Accounting team
• Mission: This role is responsible for ensuring the accurate and timely processing of joint interest billings and related financial analyses.
• Tech Stack: Microsoft Excel, Bolo accounting software, JIBLink

What You’ll Actually Do
• JIB Close Management: Actively participate in the monthly JIB close process for assigned operating companies.
• Financial Analysis & Accruals: Analyze LOE data and daily summaries to prepare monthly accruals and book overhead expenses.
• Billing & Reconciliation: Generate and ensure timely mailing of joint interest billing (JIB) invoices, process non-op billings for assigned partners, and reconcile partner receivables.
• Partner & Internal Support: Respond to inquiries from WI owners and internal parties, and review/rebill JIB division of interest as necessary.
• Compliance & Auditing: Audit bills to ensure accurate payments, prepare monthly journal entries as required, and review/interpret joint operating agreements as needed.

The Must-Haves
• Background: This position requires a degreed Accountant who holds a Bachelor’s degree in Accounting or a related field. Candidates must possess a strong foundational understanding of accounting principles, particularly as they apply within the Oil & Gas industry.
• Experience: A minimum of 2 to 3 years of dedicated Oil & Gas Accounting experience is required, with a specific and significant emphasis on Joint Interest Billing (JIB) accounting. This includes practical experience with the unique financial operations and reporting within the sector.
• Skills: Candidates must demonstrate strong Microsoft Excel proficiency, including the ability to perform PIVOT tables, manipulate complex data in spreadsheets, and utilize VLOOKUP functions. Essential skills also include strong analytical abilities, effective verbal and written communication, the capacity to interact successfully with partners at all organizational levels, and the capability to work independently as a self-starter while consistently meeting deadlines. A collaborative approach to teamwork is also vital.
• Bonus: Experience utilizing Bolo accounting software and JIBLink is preferred for this role, though not a mandatory requirement.