AP/JIB Supervisor
Denver, CO
Full Time
Accounting
Experienced
| Position Title: Department: | AP/JIB Supervisor Accounting |
| Location: | Denver |
| Reports to: | Senior Vice President, Accounting and Controller |
| Salary Range: | $127,000 – $141,000 |
Job Summary
The AP/JIB (Accounts Payable/Joint Interest Billing) Supervisor is responsible for developing process and procedures related to accounts payable and joint interest billing processes within a fast-paced organization. This role ensures timely and accurate processing of invoices, cost allocations, partner billings, and compliance with industry regulations and internal policies. The ideal candidate will bring a growth mindset, strong problem-solving skills, and a deep understanding of oil and gas accounting practices.
Essential Functions
- Oversee day-to-day AP and JIB operations, ensuring compliance with company policies, accounting principles, and relevant regulations.
- Implement and maintain effective AP processes to workflow and manage high invoice volumes.
- Responsible for all areas of JIB monthly close including allocations, overhead, JIB cutback and invoicing.
- Collaborate with various teams to ensure master data, coding validation rules, AFE processes and allocation updates are established and maintained to support an efficient JIB process.
- Monitor AP and JIB aging, resolve discrepancies, and coordinate with third parties and internal departments to address and resolve issues.
- Maintain internal controls and support audits by providing documentation and responding to inquiries.
- Monitor deck setups and changes, ensure accurate billing to partners.
- Oversee bill-out of Overhead including Drilling, Completion, Producing, Major Construction and Field Office Expense.
- Perform variance analysis of budget versus actual financial performance.
- Review journal entries for recurring entries and corrections.
- Review monthly reconciliations, as applicable.
- Assist with software implementations and upgrades.
- Other tasks and projects, as assigned.
SKILLS AND KNOWLEDGE
- Strong understanding of COPAS guidelines, oil and gas accounting principles, including cost allocation, lease operating expenses, and AFE reporting.
- Knowledge of regulatory compliance standards.
- Advanced skills in Microsoft Excel and other Office applications.
- Exceptional analytical skills with the ability to interpret complex financial data.
- Ability to work collaboratively with cross-functional teams, partners and auditors.
- Ability to thrive in a dynamic and fast-paced environment
- Experience with Quorum ODA (OGsys), OpenInvoice and Energylink systems a plus.
- Familiarity with tax regulations relevant to the oil and gas industry.
Qualifications
- Bachelor's degree in Finance, Accounting or related field (preferred).
- 5-10 years of experience in oil and gas accounting, with at least 3 years focused on accounts payable and joint interest billing (required).
- Minimum of 5 years of experience leading teams (required).
Supervisory Responsibilities
- Supervise and coordinate the activities of the AP/JIB team.
- Train, mentor, and provide ongoing support to team members.
- Monitor team performance and conduct regular performance evaluations.
- Maintain accurate records and prepare reports on team performance.
Work environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
- Job is performed in an office setting with exposure to computer screens and requires regular use of a computer, keyboard, mouse, and multi-line telephone system.
- The noise level in the office environment is usually quiet.
- Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.
Physical demands
- May require occasional lifting of heavy objects.
- The employee is regularly required to stand, walk, and reach with hands and arms.
employee benefits
Prairie Operating Employee Co., LLC offers competitive compensation and benefits programs which include, but are not limited to, health care coverage, retirement plan, protection coverage, time off and leave programs, training and development opportunities and a range of allowances connected to specific work situations.
We do not discriminate on the basis of race, religion, national origin, sex, sexual orientation, gender identity, age, physical or mental disability, marital status or veteran status.
Prairie Operating Employee Co., LLC reserves the right to modify this job description at its discretion at any time. This job description is not intended to be all-inclusive and does not imply that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.”
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