Senior Joint Venture Accountant | Oil & Gas Finance

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Accounting FT Salary Full-Time Professional Houston, TX, US 1 Attachments

30+ days ago Requisition

Position Title:

Sr. Joint Venture Accountant

Position Type:
Exempt

Department/Group:
Accounting

Location:

Houston, TX

Reports to:

Operations Accounting Manager

Direct Reports: 0

Company Description:

Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified production, a world-class gas development, and value creation opportunities from exploration in the proven basins where we operate.

Our key assets include production offshore Ghana and U.S. Gulf of America, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Ghana and U.S. Gulf of America. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS.

As an ethical and transparent company, Kosmos is committed to doing things the right way. The company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety, and the environment. Read more about this commitment in our Sustainability Report. For additional information, visit

Basic Function

The Senior Joint Venture Accountant is responsible for managing the accounting, billing, reporting, and compliance activities associated with Kosmos Energy's operated and non-operated joint venture interests. This position ensures the accurate and timely processing of Joint Interest Billings (JIBs), working interest owner transactions, joint venture audits, and related accounting activities while maintaining compliance with Joint Operating Agreements (JOAs), Authorizations for Expenditure (AFEs), company policies, and industry accounting standards.

The role works closely with Operations, Land, Production Accounting, Finance, and external partners to ensure accurate cost allocation, partner reporting, and financial integrity of joint venture activities.

Essential Responsibilities and Job Duties

Joint Venture Accounting

• Perform monthly Joint Interest Billing (JIB) close processes for operated properties, including transaction review, cost allocation, partner billings, and cash call preparation.
• Review and process non-operated JIB invoices and ensure proper coding and accounting treatment.
• Maintain and validate ownership records, revenue decks, expense decks, division of interest setup, property records, and AFEs to support accurate partner billing, revenue allocation, and cost allocation .
• Review and coordinate ownership changes, working interest updates, and property transfers with Land, Revenue Accounting, Operations, and other internal stakeholders.
• Monitor and track AFEs, including approvals, budgets, partner elections, and related setup to ensure proper accounting and reporting treatment.
• Analyze actual costs against approved AFE budgets and communicate significant variances or issues to management and relevant business partners.
• Prepare, review, and record journal entries related to joint venture activities, overhead, accruals, and cost allocations.
• Perform monthly account reconciliations and investigate discrepancies related to joint venture activities.
• Ensure costs are billed and allocated in accordance with Joint Operating Agreements and company policies.

Partner Relations and Compliance

• Serve as the primary accounting contact for joint venture partners regarding billings, ownership changes, working interest updates, property transfers, cash calls, audit matters, and…