JIB Supervisor

Crescent Energy; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Crescent Energy in Houston seeks an experienced JIB Supervisor to lead the joint interest billing accounting function within the Accounting organization.

The role ensures accurate billings, timely cash receipt processing, and healthy partner account balances in alignment with JOAs and COPAS guidelines.

Qualifications

• Minimum of 8 years of accounting experience in the Exploration & Production sector.
• Significant experience with joint interest billing or non-operated accounting.
• Bachelor’s degree in Accounting or Finance.

Responsibilities

• Supervise and develop the JIB team, assign work and coach staff.
• Collaborate with Land, Division Order, Operations Accounting and JV Audit to align billings with JOAs.
• Manage overhead application and annual escalation factors.
• Review allocation rates, groups, and SKFs; oversee monthly allocations.
• Oversee JIB accounts receivable and ensure timely collections.
• Manage cash call workflows and approve invoices; track deadlines and payments.
• Facilitate changes within EnergyLink and approve entries.
• Review reconciliations for completeness and accuracy.
• Lead special projects and drive process improvements.
• Maintain relationships with internal staff and external operators.

Skills

Verbal communication

Written communication

Analytical skills

Team leadership

Education

Bachelor’s degree in Accounting or Finance

Tools

SAP

EnergyLink

Microsoft Excel

Job description

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Crescent is a top three producer in the Eagle Ford basin and a scaled operator in each of the Permian and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet.
Crescent Energy is seeking an experienced JIB Supervisor to join our Houston-based Accounting organization. The JIB Supervisor is responsible for leading and overseeing the Company's joint interest billing accounting functions, including joint interest accounting entries, JIB accounts receivable collection efforts, and JIB cash application activities. This role provides leadership, technical guidance, and operational oversight to ensure accurate and timely billings, cash receipt processing, and partner account balances. The JIB Supervisor ensures compliance with Company policies, Joint Operating Agreements (JOAs), COPAS guidelines, and applicable accounting standards while supporting strong internal controls and operational excellence.
Reporting Structure
This position reports to the Manager, Operations and Joint Venture Accounting.

Primary Responsibilities

• Supervise, train, and develop the JIB team by assigning work, reviewing deliverables, monitoring deadlines, and providing ongoing coaching
• Lead collaboration with Land, Division Order, Operations Accounting and JV Audit departments to ensure partner billings align with governing JOAs
• Manage overhead application, including annual escalation factors
• Review allocation rates, groups, and SKFs and oversee monthly allocation processes
• Oversee JIB accounts receivable to ensure timely dispute resolution and collection
• Manage cash call workflows, including reviewing and approving cash call invoices, analyzing and tracking cash calls for billing accuracy and payment deadlines and collecting or remitting unutilized cash call funds
• Facilitate changes and coding alignment within EnergyLink
• Review and approve recurring and ad hoc entries
• Review and approve JIB cash applications
• Review account reconciliations for completeness, accuracy, and appropriate analysis
• Lead or collaborate on special projects
• Focus on continuous improvement for accounting processes and procedures
• Establish and maintain effective work relationships with internal staff, auditors, and counterparts at outside operators
• Support internal and external audit requests
  

Education And Experience Requirements

• Minimum of 8 years of accounting experience in the Exploration & Production sector of the oil and gas industry, including significant experience with joint interest billing or non-operated accounting
• Bachelor’s degree in Accounting or Finance
  

Preferred Qualifications

• Experience in SAP and EnergyLink
• Prior supervisory experience
• Strong understanding of COPAS accounting guidelines as they relate to properties subject to joint venture agreements
• Strong analytical skills
• Ability to perform detailed work efficiently and accurately
• Ability to organize and prioritize individual and team workloads
• Ability to establish and maintain effective working relationships Strong verbal and written communication skills, including the ability to communicate effectively on topics ranging from technical accounting to team development
• Proficiency in Microsoft Office, particularly Excel
  

Crescent Energy is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, gender/pregnancy, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status or any other legally protected status. Crescent Energy is also committed to compliance with all fair employment practices regarding citizenship and immigration status. If you require accommodation to complete the application process, please let us know by contacting [e-mail].