JIB Accountant

LHH US; Texas; On-site; USD 70,000 - 110,000; Full time

Job summary

LHH US is staffing a Joint Interest Billing Accountant to support the upstream accounting team in Texas. The role focuses on processing and analyzing JIBs, reconciling partner accounts, and supporting month-end close activities.

The ideal candidate has experience in upstream oil & gas accounting, strong knowledge of JIB, COPAS guidelines, and effective owner relations. This position offers growth within a growing organization and exposure to cross-functional teams.

Qualifications

• Bachelor's degree in accounting or finance.
• Experience with Joint Interest Billing in upstream oil & gas preferred.
• Familiarity with COPAS guidelines and owner relations beneficial.

Responsibilities

• Prepare and process monthly Joint Interest Billings (JIB) for operated properties.
• Review and allocate LOE, drilling costs, workovers, capital expenditures, and other JV costs.
• Ensure billings comply with JOAs and COPAS standards.
• Reconcile JIB receivable and payable accounts and investigate balances.
• Research and resolve owner and partner inquiries related to operating expenses and billings.
• Prepare monthly journal entries, accruals, and reconciliations.
• Assist with AFE tracking and capital project accounting.
• Collaborate with Operations, Land, Revenue Accounting, and Production Accounting teams for cost allocation.
• Support month-end, quarter-end, and year-end close processes.

Skills

JIB knowledge

COPAS knowledge

Upstream accounting

Education

Bachelor's in Accounting

Tools

ERP systems

Job description

Job Description

A growing company is seeking a Joint Interest Billing Accountant to join its accounting team. This position will be responsible for processing and analyzing joint interest billings, ensuring compliance with Joint Operating Agreements (JOAs), reconciling partner accounts, and supporting month-end close activities. The ideal candidate will have experience within upstream oil & gas accounting and a strong understanding of JIB, COPAS guidelines, and owner relations.

Key Responsibilities

• Prepare and process monthly Joint Interest Billings (JIB) for operated properties.
• Review and allocate lease operating expenses (LOE), drilling costs, workovers, capital expenditures, and other joint venture costs.
• Ensure billings comply with Joint Operating Agreements (JOAs) and COPAS standards.
• Reconcile JIB receivable and payable accounts and investigate outstanding balances.
• Research and resolve owner and partner inquiries related to operating expenses and billings.
• Prepare monthly journal entries, accruals, and account reconciliations.
• Assist with AFE (Authorization for Expenditure) tracking and capital project accounting.
• Collaborate with Operations, Land, Revenue Accounting, and Production Accounting teams to ensure accurate cost allocation.
• Support month-end, quarter-end, and year-end close processes.