Staff Accountant – JIB, Treasury & AP

Company Information

QB Energy is a Denver-based upstream natural gas company committed to delivering value through responsible acquisition, development, and production that benefits both shareholders and stakeholders by operating efficiently, sustainably, and with cutting‑edge technology. QB Energy operates in the Piceance Basin of Western Colorado, currently operating about 400,000 net acres. The company develops and operates upstream gathering, compression, processing, and fractionation assets, with a focus on safety, environmental stewardship, and community engagement.

Initiatives such as zero‑flaring, methane emissions reduction, water recycling, and wildlife mitigation help minimize footprint while maximizing long‑term value.

The Staff Accountant – JIB, Treasury & AP supports the JIB, treasury, and accounts payable functions within the QB Energy Accounting Department. This position is responsible for monthly JIB processing, day‑to‑day treasury functions, and higher‑level accounts payable responsibilities. This role will help maintain financial accuracy and compliance within the company, using Excel, BOLO accounting software, artificial intelligence software, and a working knowledge of Oil and Gas activity‑related coding.

This role contributes to QB Energy’s financial management and operational reporting.

• Run and maintain the monthly JIB process in BOLO, including weekly JIB trial processes, preparation of monthly JIB statements, and uploading of monthly owner data to a third‑party site for distribution.
• Update monthly production, pad, area, and other special allocations in BOLO.
• Review and process all non‑operated monthly JIB statements.
• Prepare monthly journal entries for the following:
• Fleet vehicle and fuel costs.
• Prepaid insurance, bonds, and other prepaid expense amortization.
• G&A payroll entries.
• Reclassification of certain payroll costs to lease operating expense.
• JIB holding account reclassifications to lease operating expense.
• Certain gathering fee allocations.
• Monthly equipment ad valorem tax accruals.
• Elimination entries for internal COPAS overhead costs and gathering costs.
• COPAS overhead accruals.
• Ad hoc reclassification and correcting journal entries.
• Other monthly entries which will arise in the normal course of business.
• Prepare annual allocations of insurance and equipment ad valorem tax in coordination with accounting management.
• Share preparation of the daily cash file; including clearing checks in BOLO, BOLO deposit entries, updates to the cash forecast, and occasional wire set‑up.
• Share preparation of the monthly cash forecast in coordination with accounting management.
• Review monthly transactions for use tax treatment and prepare quarterly return.
• Code, verify, and route invoices for approval.
• Serve as a resource to the Accounts Payable team for complex coding for JIB related invoices.

• Perform any other Accounting Department responsibilities that may be assigned by the Accounts Payable and Treasury Manager, which will contribute to the achievement of the Company’s goals and promote an efficient and effective accounting team.

• Degree in accounting or comparable field is required.

• 5+ years of experience in an Oil and Gas JIB accounting position.

• Strong data analysis skills with the ability to evaluate large volumes of data accurately and efficiently.
• Comfortable working in an entrepreneurial environment with the desire and flexibility to grow with the Company.
• Willingness to innovate to improve efficiency using artificial intelligence.
• Highly detail‑oriented and organized, with the ability to multitask and meet monthly close deadlines.
• Responsible, reliable, and eager to learn with a positive attitude and strong work ethic.
• Ability to effectively communicate and interact positively with others.

• Experience with Open Invoice.
• Experience with Oil and Gas specific Accounting Software (BOLO or Excalibur preferred).
• Knowledge of AFE and Capital/LOE coding.
• Strong Microsoft Excel knowledge.

The base compensation for this role in this location is targeted between $99,000 and $121,000 annually. Final offer amounts are determined by multiple factors, including candidate experience and expertise, and may vary from the range listed above.

• Medical Plan: QB Energy offers multiple medical plans to choose from.