Job Objective:

Manages joint interest and accounts payable functions for the company’s properties and trains and develops staff within the department.

Essential Job Responsibilities:

Manages joint interest, accounts payable, sales/use tax audits and the recording and payment of ad valorem taxes for the company’s interests. Manages joint interests of buyers/sellers of properties to transition the accounting for acquired and divested properties. Manages general ledger, payouts, lease operating expenses; and monitors variances. Manages the analysis and research of material variances on financials and explanations of variances on Lifting Cost items. Manages the reviews of purchase order log and consults with operations department regarding questionable charges. Manages the preparation of invoices to third parties for oil and gas processing and salt-water disposal in compliance with contract rates for company owned/operated properties. Manages the compilation of the data package required for tax renditions and appraisal, and provides data to tax consultant. Manages the joint operating agreement (JOA) accounting procedures for overhead rates and escalation clauses to ensure correct amounts chargeable to the joint account for producing, drilling, construction, and catastrophe overhead. Manages the charges per joint operating agreements (JOA). Manages the final review of joint interest billing pre-list for monthly standard charges and accuracy of charges. Manages review of monthly allocation decks for booking of lease operating expense to identify accounting impact of joint interest billing deck changes. Manages review and approval of electric service invoices and ad valorem tax bills for payment. Manages the preparation of vendor and owner 1099 reporting to the Internal Revenue Service. Analyzes and interprets financial data provided by counter-parties and company personnel.. Analyzes and records transactions related to acquisitions and/or divestitures to the general ledger accounting system of the company for all revenues, expenses, and purchase price adjustments. Adheres to the company‘s values integrity, ownership, urgency, alignment, and improvement. Supports company vision and mission. Adheres to established work schedule, attendance standards and is punctual to work.

 

Qualifications:

Ten (10) years minimum experience in joint interest operations. Five (5) years minimum experience within the Accounts Payable Field preferred. Ability to accurately solve problems and exceptional proficiency in data management and spreadsheet skills. 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. Excellent written and verbal communication skills, with specific ability to translate complex operational information into an organized and presentable manner. Outstanding management, administrative, and organizational skills.
Proficiency in the use and application of the following software:
Required: Microsoft Office (Excel, Word, and Outlook).
Preferred: Working knowledge of oil & gas accounting systems.

Educational Requirements:

Required: Bachelor’s Degree from an accredited four-year university or college with a degree in mathematics, business, accounting, finance, or related field.
Preferred: Master in Business Administration (MBA)