Company:
INEOS Olefins & Polymers USA
Who We Are
INEOS is a global chemical, manufacturing, and energy company. It comprises of 36 businesses, spanning across 194 sites and 29 countries, employing 26,000 people worldwide. Our core values include excellence in safety, health and environmental performance; encouragement of innovation, entrepreneurship and reward for achievement, and empowering employees to create real value.
INEOS Energy
INEOS Energy is the energy division of INEOS, producing and trading oil, gas, power, liquefied natural gas (LNG) and carbon credits. Operating across the Danish and UK North Sea with offshore oil & gas assets and onshore assets in South Texas, US. This is supported by our investments and projects in low carbon technologies, which will help sustain our business through the energy transition.
The key focus for the US Oil & Gas business is to acquire, explore and develop properties to produce natural gas, oil and NGL from underground reservoirs safely and efficiently. Key operated assets are in the Eagle Ford shale basin in South Texas, with over 2,000 wells producing net 36kBOE per day.
About The Job
Job Title: JIB Accountant
Department: Accounting
Summary Of Position
The Joint Interest Billing (JIB) Accountant will be responsible for all aspects of JIB accounting. The successful candidate will collaborate across multiple departments to ensure the accounting processes support both the business and COPAS rules.
Responsibilities
As a JIB Accountant you will be responsible for the following activities:
- Run monthly JIB processes including cost allocations, direct labor, overhead calculations, JIB cutback and netting.
- Run monthly LOE and Capital spending reports.
- Update master data, coding validation rules, and allocation rules to support an accurate and efficient JIB process.
- Update payout balances monthly and work with Land to resolve any issues.
- Manage JIB audits.
- Prepare monthly account reconciliations.
- Verify that billable/non-billable accounting treatment is consistent with COPAS rules.
- Special projects as needed.
- Able to work in the corporate office full-time.
Qualifications
- 5+ years of accounting experience.
- Bachelor’s degree (accounting/finance) or additional experience in lieu of degree.
- Solid understanding of oil and gas industry including Joint Interest Billing and COPAS standards.
- Ability to work with accounting systems and help resolve issues to support automation and efficiency (SAP preferred).
- Understanding of excel and database programs to be able to write reports, analyze data and help solve system issues.
- Enjoys working with a team and collaborating with others.
Relocation:
Preferential treatment will be granted to candidates residing in the Denver, Colorado metropolitan area.
Work Authorization:
INEOS USA Oil & Gas LLC is not currently sponsoring employment visas for this position.
Compensation & Benefits
Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act (EPEWA) and Equal Pay Transparency Rules. It is estimated based on what a successful Colorado applicant might be paid. It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation.
Compensation:
The annual rate for this position generally ranges between $83,000 - $108,000 with an opportunity for a company-wide annual discretionary bonus, of up to 21% of eligible pay. These ranges are estimates, based on potential employee qualifications, operational needs, business performance to metrics, and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.
Benefits:
Benefits package includes healthcare, dental, and vision insurance for employees and eligible dependents. INEOS also offers several other wellness, financial, and work/lifestyle-specific benefits. 401(k) retirement has both an automatic 3% company contribution and a match of up to an additional 6% of eligible compensation. We offer generous paid time off that includes both sick and vacation which is based on and increases with industry experience. Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.
