JIB Accounting Lead

Permian Resources Corporation; Midland (TX); On-site; USD 110,000 - 150,000; Full time

Job summary

Permian Resources Corporation in Midland, TX, seeks an experienced JIB Lead to supervise joint interest billing operations and ensure accurate cost allocations among partners. You will oversee the monthly close, maintain COPAS compliance, and mentor the JIB team while coordinating with Operations, Land, and Revenue to resolve disputes.

The role requires strong leadership, in-depth knowledge of JIB practices, and experience with SAP, Quorum, or Enertia to optimize reporting and efficiency.

Qualifications

• Bachelor’s degree in Accounting, Finance, or equivalent with relevant work experience.
• Strong knowledge of COPAS guidelines and JIB best practices.
• Experience with SAP, Quorum, Enertia or similar JIB systems.
• Excellent analytical, problem-solving and communication skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Strong leadership and team management abilities.

Responsibilities

• Supervise day-to-day JIB accounting operations, including preparation, review, and distribution of monthly joint interest billings to partners.
• Ensure COPAS compliance with joint operating agreements and internal policies.
• Review complex transactions, allocations, and corrections for accuracy and documentation.
• Lead and mentor JIB team members through training and development.
• Oversee monthly close processes related to JIB, including accruals, reconciliations, and variance analysis.
• Collaborate with Operations, Land, and Revenue to resolve partner disputes and answer JIB inquiries.

Skills

Analytical

Problem-solving

Communication

Leadership

Prioritization

Education

Bachelor’s degree in Accounting/Finance or equivalent

Tools

SAP

Quorum

Enertia

Job description

Job Description: Permian Resources (NYSE: PR) is currently seeking a JIB Lead reporting to the JIB Manager in Midland, TX. This role ensures accurate and timely allocation of costs among joint venture partners, compliance with industry standards, and the implementation of best practices to optimize cost recovery and financial reporting.

General Responsibilities

Supervise day-to-day JIB accounting operations, including the preparation, review, and distribution of monthly joint interest billings to partners. Ensure compliance with COPAS accounting procedures, joint operating agreements, and internal policies. Review complex transactions, allocations, and corrections for accuracy and proper documentation. Lead and mentor JIB team members, providing training, feedback, and development opportunities. Oversee the monthly close process related to JIB, including accruals, reconciliations, and variance analysis. Work closely with Operations, Land, and Revenue departments to resolve partner disputes and answer JIB-related inquiries. Monitor partner receivables, support collections, and assist with cash application issues. Identify and implement process improvements to increase efficiency and accuracy in JIB processes. Assist with audits, partner reviews, and regulatory requests. Provide management with regular reporting and analysis of JIB activities and variances.

Minimum Qualifications

Bachelor’s degree in Accounting, Finance, or an equivalent combination of a high school diploma and relevant work experience. Strong knowledge of oil and gas joint venture agreements, COPAS guidelines, and JIB best practices. Experience working with accounting software such as SAP, Quorum, Enertia, or other JIB-related systems. Excellent analytical, problem-solving, and communication skills. Ability to manage multiple priorities and meet deadlines in a fast-paced environment. Strong leadership and team management abilities.

Preferred Qualifications

7+ years of experience in oil and gas accounting, with significant exposure to JIB accounting. Experience utilizing AI tools and technologies to improve efficiency, automate processes, and support data analysis.

Permian Resource is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Permian Resources (NYSE: PR) is an independent oil and natural gas company focused on driving sustainable returns through the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s operations are focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. Permian Resources is headquartered in Midland, Texas.