Jobs · Arkansas

Oil & Gas Accounts Payable - JIB Supervisor

Rausch Companies · Fayetteville, AR · 1 wk ago
Full-time

Duties & Responsibilities

  • AP Responsibilities:
    • Aid in coding and approving all Accounts Payable invoices.
    • Submit invoices through workflow for online approval.
    • Review for proper coding from supervised personnel and field personnel and proper approvals.
  • AR Responsibilities:
    • Post payments received in the Accounts Receivable module.
    • Review AR monthly to determine if payments received are timely.
    • Contact clients with consistent late payments.
  • AFE Responsibilities:
    • Create AFE’s per Engineering Dept directions and distribute.
    • Post AFE-related wire transactions going out/and receiving.
  • JIB Responsibilities:
    • Book overhead (recurring entries), pumper expenses, insurance, bonds, and other manual journal entries (MJEs) related to Joint Interest Billing.
    • Process monthly Joint Interest Billings and mail or distribute on-line.
  • Closing Responsibilities:
    • Reconcile AFE accounts, AP accounts, JIB clearing, and AR accounts.
    • Complete month-end close and closing files in Quorum AP, AR, and JIB modules.
  • Payouts:
    • Post expenses and revenue from GL (net of royalties and taxes) to payout worksheets.
    • Maintain payout records outside of the Quorum system on Excel.
  • Annual AP / JIB Responsibilities:
    • Assist Engineering dept on annual expense budgeting (e.g., 2026 operating budget).
    • Purchase of New Wells: Set up JIB decks for newly acquired and new drilled wells.
    • Review prior-month expenses on Lease Operating Statements (LOS).
    • Coordinate new vendor setup.

Requirements

  • 5 years of oil & gas accounting experience, with emphasis on AP and JIB processing.
  • Bachelor’s degree in Accounting, Finance, or related field preferred; relevant work experience may substitute.
  • Working knowledge of Microsoft Office tools including Excel and Outlook.
  • Must be deadline focused/driven.
  • Must be accurate, timely, and organized.
  • Ability to maintain confidential information.

Physical Demands

  • Lifting heavy objects occasionally, up to 10 pounds frequently, and frequently small objects.
  • Sitting for long periods of time.
  • Walking jobs, standing, occasionally for extended periods.
  • Must have manual use of hands and vision to use computer constantly.

Employee Benefits

  • Medical, Dental and Vision Insurance.
  • 401(k) – Company Match up to 5%.
  • Generous Paid Time Off (PTO).
  • Paid Maternity and Paternity Leave.
  • Adoption Assistance and Leave.
  • Tuition Assistance.
  • And More!

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