Job Description:Permian Resources (NYSE: PR) is currently seeking a JIB Lead reporting to the JIB Manager in Midland, TX. This role ensures accurate and timely allocation of costs among joint venture partners, compliance with industry standards, and the implementation of best practices to optimize cost recovery and financial reporting. The JIB Lead collaborates with accounting, operations, and land departments to manage JIB processes efficiently.
General Responsibilities- Supervise day-to-day JIB accounting operations, including the preparation, review, and distribution of monthly joint interest billings to partners.
- Ensure compliance with COPAS accounting procedures, joint operating agreements, and internal policies.
- Review complex transactions, allocations, and corrections for accuracy and proper documentation.
- Lead and mentor JIB team members, providing training, feedback, and development opportunities.
- Oversee the monthly close process related to JIB, including accruals, reconciliations, and variance analysis.
- Work closely with Operations, Land, and Revenue departments to resolve partner disputes and answer JIB-related inquiries.
- Monitor partner receivables, support collections, and assist with cash application issues.
- Identify and implement process improvements to increase efficiency and accuracy in JIB processes.
- Assist with audits, partner reviews, and regulatory requests.
- Provide management with regular reporting and analysis of JIB activities and variances.
Minimum Qualifications- Bachelor's degree in Accounting, Finance, or an equivalent combination of a high school diploma and relevant work experience.
- Strong knowledge of oil and gas joint venture agreements, COPAS guidelines, and JIB best practices.
- Experience working with accounting software such as SAP, Quorum, Enertia, or other JIB-related systems.
- Excellent analytical, problem-solving, and communication skills.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Strong leadership and team management abilities.
Preferred Qualifications- 7+ years of experience in oil and gas accounting, with significant exposure to JIB accounting.
- Experience utilizing AI tools and technologies to improve efficiency, automate processes, and support data analysis.
