MEPUSA, a subsidiary of Mitsui & Co., Ltd., is an E&P company with substantial investments in gas assets located in the United States. The Accounting & Finance department is seeking an Accountant II - JIB, who will play a critical role in ensuring the accuracy of the cost accounting for our Texas onshore operated properties. The Accountant II – JIB will accurately record capital and lease operating expenditures, maintain monthly allocations and overhead entries, and ensure compliance with COPAS accounting standards and regulations. The ideal candidate will have strong communication skills, the ability to recommend accounting process improvements, foster a positive team environment, and be able to communicate monthly accounting results.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
- Prepare standard monthly JIB entries, including but not limited to reclass journal entries, monthly supervision and overhead, and material transfers.
- Prepare monthly capital expenditure and lease operating expense accrual entries, working closely with the operations team.
- Relevant knowledge of COPAS to ensure expenses are properly recorded and allocated to partners in accordance with Joint Operating Agreements (JOA).
- Provide financial analysis and reporting, including budget versus actual analysis.
- Ensure compliance with internal controls related to JIB accounting.
- Maintain monthly production allocations.
- Apply JIB payments to working interest owners’ accounts; review aged accounts receivable JIB balances and make inquiries where appropriate.
- Track prepayments received from non-operators and apply prepayments to appropriate JIBs.
- Audit support as needed, work with auditors during exception and rebuttal periods.
- Prepare monthly account reconciliations.
- Provide monthly lease operating statement reports and ad hoc requests to the operations team.
QUALIFICATIONS:
- Strong knowledge of Joint Operating Agreement and COPAS accounting principles.
- Exceptional analytical and critical thinking skills.
- Excellent attention to detail and commitment to accuracy.
- Ability to work independently and manage monthly deadlines.
- Intermediate Microsoft Office required (including Excel and Word).
EDUCATION and / or EXPERIENCE:
- Bachelor’s degree in accounting is required.
- Minimum 3 years of experience in oil and gas JIB accounting.
- Quorum accounting software experience preferred but not required.
- EnergyLink experience preferred but not required.
LANGUAGE SKILLS:
- Fluent verbal and written English skills.
WORK ENVIRONMENT & PHYSICAL DEMANDS:
The work environment and physical demands described here are representative of those an employee encounters and must meet to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- This job operates in a professional office environment and routinely uses standard office equipment.
- 401K and Company Match
- Tuition Reimbursement
- Generous PTO Policy
- Eligible for hybrid work schedule
Disclaimer:
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.
MEPUSA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
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