JIB Accountant
Job in
Midland, Midland County, Texas, 79709, USA
Listed on 2025-11-25
Listing for:
Permian Resources
Full Time
position Listed on 2025-11-25
Job specializations:
-
Accounting
Financial Reporting, Accounts Receivable/ Collections, Tax Accountant, Financial Analyst -
Finance & Banking
Financial Reporting, Accounts Receivable/ Collections, Tax Accountant, Financial Analyst
Job Description & How to Apply Below
Permian Resources (NYSE: PR) is currently seeking a JIB Accountant reporting to the JIB Supervisor in Midland, Texas. This position will be responsible for general JIB accounting duties such as recording non-operated JIBs and preparing monthly billing entries. The ideal candidate will have certain accounting skills, an understanding of the oil and gas industry, and proficient Microsoft Excel skills.
General Responsibilities- Review, code, and process non-operated JIBs, ensuring coding accuracy and that all costs billed are allowable per joint operating agreements (JOAs) or COPAs, disputing non-allowable items, making inquiries of the Operator for inaccuracies, and communicating any discrepancies to appropriate personnel.
- Prepare standard monthly JIB entries, including but not limited to reclass journal entries, company-owned equipment, well control insurance for D&C and producing wells, monthly overhead, and material transfers.
- Maintain monthly allocations within Quorum.
- Track prepayments/cash calls made to and received from non-operators and apply prepayments to appropriate JIBs.
- Assist with reconciling AR‑JIB balances and apply payments to working interest owners’ accounts.
- Setup cost centers and AFEs.
- Understand and apply revenue netting amounts to JIB‑AR balances.
- Update and maintain overhead rate schedule.
- Prepare the dyed diesel report on a quarterly basis.
- Track, research, and reclass predrilling costs recorded to a holding AFE.
- Pull audit support as needed.
- Assist in answering working interest owner questions in a timely and accurate manner.
- Prepare monthly JIB account reconciliations by due date.
- Provide support for special projects and perform other duties as assigned.
- Minimum of 5 years of experience in oil and gas operational accounting.
- Strong Microsoft Office skills (Excel and Word).
- Strong organizational and analytical skills.
- Perform responsibilities effectively and efficiently.
- Superior ability to prioritize activities and meet all deadlines.
- Strong written and verbal communication skills.
- Must possess a strong work ethic and demonstrate a positive/flexible attitude in a fast‑paced work environment.
- Must be willing and able to work in Midland, TX.
- Bachelor’s degree in Accounting, Finance, Business or equivalent experience.
- Quorum accounting software experience.
- Energy Link experience.
Permian Resource is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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