Joint Venture Audit Analyst

Murphy Oil Corporation in; Houston (TX); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

The Joint Venture Audit Analyst coordinates and supports operated and non-operated joint venture audit activities within the upstream oil and gas business.

In this role, the individual helps ensure joint venture expenditures, billings, allocations, and audit responses are reviewed, documented, and resolved in accordance with joint operating agreements, company policies, applicable accounting standards, and industry guidance.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Minimum 5 years' experience in accounting, audit, joint interest billing, joint venture accounting, or a related upstream oil and gas accounting function.
• Working knowledge of joint operating agreements, joint interest billing practices, cost allocation methods, and oil and gas audit processes.
• Familiarity with COPAS accounting procedures and industry guidance applicable to operated and non-operated oil and gas properties.
• Demonstrated ability to research accounting issues, reconcile data, evaluate supporting documentation, and communicate conclusions clearly.
• Ability to manage multiple priorities, deadlines, audits, and detailed information requests while maintaining accuracy and professionalism.
• Proficiency with Microsoft Excel, Word, Outlook, and related business productivity tools.

Responsibilities

• Coordinate joint venture audit engagements for operated properties, including audit scheduling, partner communications, information requests, fieldwork support, and audit closing activities.
• Support audits of non-operated properties by reviewing operator billings, supporting documentation, audit claims, and proposed audit exceptions.
• Maintain the joint venture audit schedule and related tracking tools to monitor audit priorities, timing, partner participation, property coverage, open items, and resolution status.
• Review joint interest billings, expense allocations, overhead charges, material transfers, contract charges, and related activity for compliance with joint operating agreements and applicable accounting guidance.
• Coordinate timely responses to audit information requests by gathering documentation from accounting systems, operational teams, supplier records, contracts, invoices, payment records, and other source materials.
• Research, track, and resolve audit exceptions for operated and non-operated properties, ensuring conclusions are appropriately supported and documented.
• Prepare or coordinate journal entries, billing adjustments, credit memos, or other accounting revisions resulting from audit findings, negotiated settlements, or management-approved resolutions.
• Support discussions with joint venture partners, operators, and internal stakeholders regarding audit claims, disputed costs, recommended resolutions, and settlement status.
• Maintain organized audit files, exception logs, settlement documentation, and historical audit records in accordance with company documentation standards.
• Identify recurring audit issues, process gaps, or control concerns and recommend practical improvements to strengthen joint venture accounting practices.
• Partner with internal teams to promote consistent application of joint venture accounting policies, cost allocations, overhead calculations, and documentation requirements.
• Provide audit status updates, issue summaries, and relevant metrics to management and stakeholders, as requested.

Skills

Analytical skills

Communication

Detail oriented

Team collaboration

SAP

COPAS

Microsoft Excel

Microsoft Word

Microsoft Outlook

Education

Bachelor's degree in Accounting, Finance, Business Administration, or a related field

Tools

SAP

SAP JV

SAP S/4HANA

Job description

Joint Venture Audit Analyst (Finance)

At Murphy Oil Corporation, we believe the rich experiences and backgrounds of our employees strengthen our Company, create a productive workforce, and drive our success. We encourage you to apply for the positions for which you meet the qualifications.

Job Summary

The Joint Venture Audit Analyst coordinates and supports operated and non-operated joint venture audit activities within the upstream oil and gas business. In this role, the individual helps ensure joint venture expenditures, billings, allocations, and audit responses are reviewed, documented, and resolved in accordance with joint operating agreements, company policies, applicable accounting standards, and industry guidance. The

Success in this position requires strong analytical skills, sound judgment, clear professional communication, and the ability to work effectively with internal teams and external joint venture partners. The role works in a professional office environment, and regular partners interacts with Joint Venture Accounting, Operations Accounting, Revenue Accounting, Land, Supply Chain, Drilling, Completions, Production Operations, Legal, and external joint venture partners. The role requires frequent coordination across functions to gather obtaining supporting documentation, validate cost treatment, communicate accounting positions, and resolve audit exceptions in a timely and professional manner.

The Joint Venture Audit Analyst will be based work in our Houston Corporate office and may work up to two (2) days per week remotely, as business needs allow.

Responsibilities

• Coordinate joint venture audit engagements for operated properties, including audit scheduling, partner communications, information requests, fieldwork support, and audit closing activities
• Support audits of non-operated properties by reviewing operator billings, supporting documentation, audit claims, and proposed audit exceptions
• Maintain the joint venture audit schedule and related tracking tools to monitor audit priorities, timing, partner participation, property coverage, open items, and resolution status
• Review joint interest billings, expense allocations, overhead charges, material transfers, contract charges, and related activity for compliance with joint operating agreements and applicable accounting guidance
• Coordinate timely responses to audit information requests by gathering documentation from accounting systems, operational teams, supplier records, contracts, invoices, payment records, and other source materials
• Research, track, and resolve audit exceptions for operated and non-operated properties, ensuring conclusions are appropriately supported and documented
• Prepare or coordinate journal entries, billing adjustments, credit memos, or other accounting revisions resulting from audit findings, negotiated settlements, or management-approved resolutions
• Support discussions with joint venture partners, operators, and internal stakeholders regarding audit claims, disputed costs, recommended resolutions, and settlement status
• Maintain organized audit files, exception logs, settlement documentation, and historical audit records in accordance with company documentation standards
• Identify recurring audit issues, process gaps, or control concerns and recommend practical improvements to strengthen joint venture accounting practices
• Partner with internal teams to promote consistent application of joint venture accounting policies, cost allocations, overhead calculations, and documentation requirements
• Provide audit status updates, issue summaries, and relevant metrics to management and stakeholders, as requested

Qualifications / Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Minimum 5 years' experience in accounting, audit, joint interest billing, joint venture accounting, or a related upstream oil and gas accounting function.
• Working knowledge of joint operating agreements, joint interest billing practices, cost allocation methods, and oil and gas audit processes
• Familiarity with COPAS accounting procedures and industry guidance applicable to operated and non-operated oil and gas properties
• Demonstrated ability to research accounting issues, reconcile data, evaluate supporting documentation, and communicate conclusions clearly
• Ability to manage multiple priorities, deadlines, audits, and detailed information requests while maintaining accuracy and professionalism
• Proficiency with Microsoft Excel, Word, Outlook, and related business productivity tools.

The individual is required to follow all applicable safety precautions. Work is performed almost entirely in a controlled (i.e., inside) environment and does not typically subject the incumbent to any hazardous/extreme elements; some positions may require regularly moving or transporting items weighing up to 25 lbs. around the office for various needs. The successful candidate must be able to complete all essential physical requirements of the job with or without reasonable accommodation.

Desired / Preferred Qualifications

• Experience using SAP, SAP JV, SAP S/4HANA, or similar oil and gas accounting systems.
• Prior experience coordinating operated property audits or reviewing non-operated audit claims
• Experience supporting audit settlements, joint venture partner discussions, and related accounting adjustments
• Knowledge of upstream oil and gas operations, drilling and completion activity, production operations, materials management, and field cost structures
• Participation in COPAS, industry audit forums, or other relevant professional training
• Strong attention to detail and commitment to accurate, well-supported audit conclusions
• Excellent organizational and time management skills, with the ability to prioritize competing requests and deadlines
• Effective written and verbal communication skills, including the ability to explain accounting conclusions to financial and non-financial stakeholders
• Professional judgment, integrity, and discretion in handling confidential partner, contract, and financial information
• Collaborative work style with the ability to build effective relationships across departments and with external joint venture partners
• Strong problem-solving skills with the ability to identify root causes, evaluate alternatives, and recommend practical resolutions
• Ability to work independently, take ownership of assigned responsibilities, and keep management informed of significant issues, risks, and recommended actions

#LI-Hybrid

PURPOSE

We believe in providing energy that empowers people.

MISSION

We challenge the norm, tap into our strong legacy and use our foresight and financial discipline to deliver inspired energy solutions.

VISION

We see a future where we are an industry leader who is positively impacting lives for the next 100 years and beyond.

VALUES & BEHAVIORS

Do Right Always

• Respect people, safety, environment and the law
• Follow through on commitments
• Make it better

Think Beyond Possible

• Offer solution
• Step up and lead
• Don't settle for "good enough"
• Embrace new opportunities

Stay With It

• Show resilience
• Lean into challenges
• Support each other
• Consider the implications

Murphy Oil Corporation participates in the Department of Homeland Security U.S. Citizenship and Immigration Services' E-Verify program. Please read the E-Verify Notice-English / E-Verify Notice-Spanish and Right to Work Notice before proceeding with your job application.

For additional information, you may also visit the USCIS website.

Murphy Oil Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, and status as a protected veteran, or any other category protected by federal, state or local laws.
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