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!