Primary Responsibilities
Primary responsibility for operated properties including joint interest transactions, partner billings, cost allocations, trade receivable management, cash application, preparation of audit PBC schedules and cash forecasts.
Detailed Responsibilities
- Maintain JIB master data files.
- Calculate and record boat and helicopter allocations.
- Run JIBs, distribute JIB statements to partners and record JIB accounts receivable.
- Monitor JIB Trade Receivables and maintain aging report for Management review.
- Work with JIB partners for collection of outstanding receivables.
- Determine COPAS drilling and producing overhead to be charged to projects and properties; update table in SAP.
- Prepare and distribute cash call invoices to partners and record relevant journal entries.
- Ensure all relevant costs are recovered from partners where applicable (e.g. PHA fees, IPT billings, other work performed on behalf of partners/operators, etc).
- Allocate shorebase costs (boats & helicopeters) and technical expenses.
- Resolve/Respond to Partner issues/inquiries regarding operated JIBs and cash calls.
- Determine cash forecast related to JIB receivables.
- Calculate, monitor and distribute payout statements for Operated properties.
- Cash application for JIB and miscellaneous cash.
- Update IFRS 9 spreadsheet and prepare entry.
- Responsible for all IFRS 16 monitoring, entries and reconciliations.
- Review Operating Agreements.
- Work with external auditors; prepare PBC schedules.
- Perform account reconciliations for assigned JIB accounts.
- SOX compliance.
- Other requests and duties as assigned.
- Minimum 7-10 years of experience in joint interest accounting for operated properties.
- Degree in Accounting.
- Knowledge of COPAS Accounting Procedures & Joint Operating Agreements
- General knowledge of accounting practices and procedures.
- Good understanding of information technology and computer applications.
- Proficient in Microsoft Word and Excel.
- SAP experience preferred.
- Ability to organize and prioritize workload.
- Good customer service skills.
- Operational Departments.
- Land Department.
- Joint Venture Audit.
- JIB Partners.
- Other Internal Departments.
