Joint Interest Billing Accountant

Creative Financial Staffing
August 27, 2021
San Antonio, TX
Job Type


Joint Interest Billing Accountant: Employment opportunity for an experienced Oil/Gas Accountant with experience with Joint-Interest Billing will be joining an oil & gas exploration company that has been in operations for over 20 years. This position will support the Controller. The accountant will be responsible for joint interest billing, revenue distribution, and monthly filings of severance taxes.

Perks of the JIB Accountant:

  • Fantastic company culture with extremely low turnover (average employee tenure is over 10 years)
  • Laid back environment and open-door policy
  • Highly visible role
  • 21 vacation days, 8 sick days, 10 paid holidays
  • Medical & Dental Insurance (80% paid for Employee, 70% paid for family)
  • STD, LTD, Life & AD&D Insurance
  • 401k- Company pays 3% regardless of employee contribution

What will the JIB Accountant Do?

  • Allocate Gas, Product, and Condensate Revenue between companies
  • Record Revenue checks
  • Record Gathering System Fees
  • Review Revenue Distribution - verify with PR's prior to running JIBS
  • Run Revenue checks monthly
  • File GLO Reports monthly
  • Update Suspense Revenue worksheet
  • Set up New Purchasers in Check Stub Maintenance
  • Process and Pay Severance Tax on (3) companies
  • Record Journal Entries related to Severance Tax & GLO Payments
  • Maintain Division on Interest
  • Review and reconcile Taxes Payable Account
  • Job Cost: Timesheets for Field Employees
  • Process A/P for Flared Gas
  • Monthly Allocations: Overhead, Gathering Systems, Well Monitoring, Yard, Major Construction
  • Record Material Transfers
  • Process all Journal Entries monthly for JIB
  • Review GL Accounts prior to finalizing JIB
  • Extract Several JIBS due to interface of the (4) companies
  • Email JIB Statements in both PDF and EXCEL to partners
  • Allocate field employees credit cards

Experience/Knowledge needed for the JIB/Revenue Accountant:

  • JIB/Revenue Accounting Experience required
  • Wolfepak experience highly preferred
  • Degree in Accounting
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