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Oil and Gas Accountant

Private Posting

Oil and Gas Accountant

Oklahoma City, OK
Full Time
Paid
  • Responsibilities

    Job Description

    Job Description

    Our client, ** ****** a third-party oil and gas exploration and production management company founded in 1987, is seeking a General Ledger Accountant with broad experience in oil and gas accounting, including joint interest billing (JIB), accounts payable, JIB receivable, and revenue distribution.

    This role is ideal for a detail-oriented accounting professional who enjoys a hands-on environment where responsibilities span the full accounting cycle—from daily payables and receivables to monthly financial reporting. The successful candidate will support management with accurate and timely financial data while maintaining a strong focus on operational efficiency and cost control.

    ** Key Responsibilities:**

    • Prepare and post monthly journal entries and adjustments for accruals, revenue, and expense activity.
    • Process joint interest billing (JIB) each month, ensuring accuracy of allocations and coding; review partner billings for reasonableness and compliance with COPAS guidelines.
    • Manage JIB receivables , monitor outstanding balances, and follow up with partners to resolve discrepancies or payment issues.
    • Handle accounts payable processing, including invoice entry, coding, approval routing, and timely payments to vendors and service providers.
    • Reconcile key balance sheet accounts (cash, payables, receivables, accruals, revenue, suspense, etc.) and research variances as needed.
    • Assist in AFE tracking, LOE analysis, and production cost reviews to support management decisions.
    • Prepare schedules and supporting documentation for monthly/quarterly close, external accountants, and auditors.
    • Work collaboratively with land, engineering, and operations to ensure accurate reporting and allocations.
    • Identify opportunities to streamline accounting processes and improve system efficiency.

    ** Qualifications:**

    ** Required**

    • Bachelor’s degree in accounting, finance, or related field.
    • ** 5+ years of upstream oil and gas accounting experience** , including hands-on work with account reconciliation, JIB, and accounts payable.
    • Strong understanding of COPAS and oil and gas accounting principles.
    • Experience managing JIB receivables and vendor payments in an E&P environment.
    • Proficiency with oil and gas accounting software (e.g., SSI, Wolfepak, OGsys, Quorum, or similar ).
    • Strong Excel skills (pivot tables, lookups, reconciliations, and data analysis).
    • Ability to work independently, manage multiple priorities, and meet deadlines.
    • Excellent communication, problem-solving, and organizational skills.

    ** Preferred**

    • Experience managing Revenue Processing and Distribution in an E&P environment.
    • Experience in a small private E &P company or family office setting.

    ** Compensation and Benefits:**

    • Competitive salary based on experience.
    • Comprehensive benefits package, including health, dental, vision, and 401(k).
    • Paid time off and flexible work schedule.
    • Opportunity for professional growth and direct involvement with senior management and company owners. Top of Form

    No relocation: only local candidates will be considered.

    EOE