Babich & Associates - Dallas, TX
posted 27 days ago
The JIB Accountant position at a centrally located Oil and Gas firm involves managing various accounting functions specifically related to Joint Interest Billing (JIB). The selected candidate will be responsible for recording incoming cash from various sources such as lockbox, ACH, wires, and standard bank deposits. This role requires a keen attention to detail and accuracy, as the accountant will need to book cash receipts and apply them to customer accounts and other miscellaneous accounts. Additionally, the accountant will conduct audits of payment postings to customer accounts to ensure accuracy and compliance with company policies. Another critical responsibility of the JIB Accountant is to manage the quarterly statement mail-out process. This includes collecting outstanding balances from customers, tracking their responses to quantify the success of collection efforts, and creating journal entries to charge out expenses related to individual wells and services. The role is essential in maintaining the financial integrity of the firm and ensuring that all transactions are accurately recorded and reported. The ideal candidate will have a strong background in accounting or finance, particularly within the oil and gas sector, and will be expected to contribute to the overall financial health of the organization.