Oil & Gas Accounts Payable - JIB Supervisor

Duties & Responsibilities

• AP Responsibilities
  • Assist with coding and approving for all Accounts Payable invoices, including field and in-house invoices involved in the operations of an oil/gas company
  • 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
  • Aid 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)
  • Cook up new vendor setup

Qualifications

• 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
• Able to maintain confidential information

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!

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

Location

Fayetteville, AR