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Staff JIB/AP Accountant (2 Positions) (Closed)

Date Posted: 1/24/2020

Job #1570316
Houston, Texas

Job Description

Lucas Group has been engaged by a private equity backed oil & gas company to identify the best talent in the industry to join their organization. This is a great opportunity to join a growing, but stable, start up E&P company. You will be able to make a meaningful impact and have career progression as the company continues to grow (just acquired an asset, along with 37 employees, and still very acquisition focused). High visibility – working with a smaller organization will also allow you to be exposed to all aspects of oil & gas accounting and operations. Great leadership – The Controller and the CEO have strong, historical ties and share the same philosophies. They are both very family oriented, so they understand work/life balance. No micro-management, work hard/play hard, as long as the work gets done. Their motto is, “We treat people the way that we would want to be treated.”

Job Requirements

  • Perform accounts payable (AP) and joint interest billing (JIB) functions to ensure proper coding, billing, allocation of cost and payment;
  • Process the monthly JIB statements to WI owners to include JIB netting;
  • Process AP payments to vendors to ensure timely and accurate payments;
  • Generate monthly LOE, G&A and capital accruals, and coordinate AP & JIB close.
  • Set up and maintain billing allocation tables, AFEs, and overhead charges;
  • Calculate, process and review all overhead (COPAS);
  • Calculate, maintain and review operated and non-operated payouts;
  • Maintain, reconcile and resolve JIB accounts receivable and review accounts payable aging;
  • Accounts payable and JIB related balance sheet reconciliations;
  • Coordinate with the field and owners to ensure proper cost allocation and billings;
  • Coordinate with Division Orders as it pertains to owners being billed correctly.


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