Manager - JIB Accounting

Description

POSITION SUMMARY

Under limited supervision, the Manager - JIB Accounting oversees joint interest billing activities, including maintaining ledgers for shared well and facility costs, managing partner collections and disbursements, and ensuring contract compliance. This role collaborates closely with Field Operations, Land, and Operations teams to monitor capital spend and AFE activity. Additional responsibilities include joint venture expense audits, inventory accounting, and operational expenditure tracking, with a focus on compliance with GAAP, COPAS, JOAs, and related agreements. The position reports to the Senior Director - Accounting in the Denver office.

ESSENTIAL RESPONSIBILITIES

• Manage a team direct of reports ensuring that all tasks are completed accurately and timely.
• Ensure compliance with internal controls, COPAS and joint operating agreements by being an active member of COPAS Colorado, and by partnering with the Assistant Controller and other members of the Jonah team.
• Act as subject matter expert and main point of contact for all JIB situations.
• Partner with the Corporate Accounting team to timely post and/or process recurring monthly journal entries, including accruals to facilitate an accurate and timely GL close.
• Review and/or prepare timely and accurate account reconciliations.
• Maintain a JIB desk manual.
• Process monthly non-operated JIB invoices; conduct analysis on any billed discrepancies with thorough follow-up and resolution.
• Perform partner and business vendor set-up and maintenance as needed.
• Ensure the accurate and timely processing of JIB leveraging the company’s ERP system (Quorum).
• Manage the relationship and interactions with the Procurement Department for processing MTs and other inventory inquiries.
• Partner with the field office to ensure inventory is tracked and recorded in the GL correctly.
• Perform ongoing evaluation of field inventory value to ensure a lower of cost or net realizable value is applied.
• Conduct inventory counts in accordance with our SOX narratives, or more frequently.
• Prepare journal entries to ensure the GL appropriately reflects inventory balances.
• Correspond with third parties to ensure inventory held offsite is appropriately accounted for.
• Work with outside operators to coordinate audits, comply with data requests, resolve JIB audit issues, and issue audit response letters.
• Maintain respectful and productive working relationships within and across all work groups, ensuring effective collaboration and cooperation.
• Create a work environment that is consistent with the company’s Purpose, Vision & Core Values.

OTHER DUTIES

• Work closely with our external auditors to provide appropriate documentation for joint venture and financial statement audits.
• Provide responses/resolutions in a timely and thorough manner to all internal and external inquiries.
• Review and maintain internal controls walkthrough documentation, making necessary updates based on the current JIB processes, assist with identifying and/or maintaining key controls.
• Proactively educate and cross train key activities to others in the accounting department.
• Proactively review processes and procedures for accuracy and propose improvements.
• Troubleshoot and test ERP modules specific to job functions as needed.
• Provide timely analysis of various JIB G/L accounts as needed.
• Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Perform other duties and projects as assigned to support the success of the department and company.

SUPERVISORY RESPONSIBILITIES

• Manage, mentor, and develop a team of direct reports, providing regular feedback and performance evaluations.
• Delegate tasks effectively and ensure timely completion of team deliverables.
• Oversee day-to-day operations and workload distribution within the team.  
• Support employee development through coaching, training, and career growth opportunities.
• Address performance issues and implement corrective actions when necessary.
• Participate in hiring, onboarding, and training of new team members.  
• Foster a collaborative and inclusive team environment aligned with company values.
• Ensure compliance with company policies, procedures, and internal controls.

Qualifications

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES

• Excellent verbal and written communication skills; effectively converse with all levels of the company, customers, business associates.
• Strong understanding of GAAP as it applies to JIB Accounting.
• Excellent computer skills in Microsoft Office Suite.
• Working knowledge and understanding of COPAS expenditure practices.
• People management experience including leading, coaching and team development to achieve departmental and company goals.
• Meticulous attention to detail, consistently ensuring accuracy and precision in all tasks and deliverables.
• Strong organizational and time management skills, enabling efficient planning and execution to meet or beat deadlines.
• Excellent critical thinking skills to analyze complex problems, and to develop innovative solutions that drive continuous organizational efficiency.
• Evaluate and analyze oil & gas joint operating agreements and accounting procedures to ensure compliance with the billing requirements and standards.
• Experience executing JIB processes, both manual and automated in an ERP system.
• Take initiative and ownership of projects and responsibilities in a lean team.
• Professional integrity and accountability.
• Work in fast-paced, collaborative environment.

REQUIRED EDUCATION AND QUALIFICATIONS

• Bachelor’s degree or equivalent relevant experience.
• Five plus years JIB accounting supervisory experience; eight plus years JIB accounting experience.

REQUIRED CERTIFICATIONS AND LICENSES

• None

PREFERRED KNOWLEDGE, SKILLS, AND ABILITIES

• JV Audit experience in upstream oil and gas industry.
• Experience with Quorum Upstream ERP system.

PREFERRED EDUCATION AND QUALIFICATIONS

• Bachelor’s degree in Accounting, Business or equivalent relevant experience.

PREFERRED CERTIFICATIONS AND LICENSES

• Accredited Petroleum Accountant

POSITION SCOPE & IMPACT

• Manager with an impact on all joint accounts operated by Jonah Energy and where Jonah Energy has a non-operating working interest and JV audits. Impact on operational and GAAP inventory accounting.  The impact within Jonah Energy extends to supporting Jonah’s accounting department and various other departments within the organization.
• Contributes to delivery of departmental goals through both personal effort and influence over team members.

WORK ENVIRONMENT

• Work in a climate-controlled office and routinely use standard office equipment.

TRAVEL

• Up to 5% to Jonah Energy’s field locations, as business requires. 

PHYSICAL REQUIREMENTS

Jonah Energy determines the salary level for potential new employees by considering a candidate's education, skills, and experience, along with the position's work location, external market conditions and internal pay equity.

We offer a comprehensive benefit package including generous PTO, 401k match and discretionary profit sharing, tuition assistance, professional development, and eligibility for short-term and long-term incentive programs.  Additionally, eligible employees may enroll in health, dental, vision and life insurance on their first day of employment and elect from several voluntary group benefits.  As an employee you have the opportunity to make a difference in a company where your position is critical to project success!

It has been and will continue to be the policy of Jonah Energy LLC not to discriminate against any employee or applicant for employment because of their race, color, religion, national origin, age, sex, sexual orientation, gender identity, gender expression, veteran status, disability, or other legally protected status.  Employment is contingent upon successful completion of pre-employment screenings.

Salary : $130,000 - $140,000