Murphy Oil Corporation

Joint Venture Audit Analyst

Murphy Oil Corporation$95K — $115K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, Business Administration, or related field
  • 5+ years of experience in accounting, audit, or joint venture accounting in upstream oil and gas
  • Familiarity with joint operating agreements and joint interest billing practices
  • Knowledge of COPAS accounting procedures related to oil and gas properties
  • Strong analytical and communication skills for evaluating and discussing audit conclusions
  • Proficiency in Microsoft Office Suite, especially Excel, with strong data management skills

Responsibilities

  • Coordinate joint venture audits for operated properties, managing schedules and partner communications
  • Support audits of non-operated properties by reviewing operator billings and documentation
  • Maintain tracking tools for audit priorities, schedules, and resolution statuses
  • Review billings and related activities for compliance with agreements and accounting standards
  • Gather documentation from multiple sources to respond to audit inquiries
  • Research and resolve audit exceptions with thorough documentation
  • Prepare accounting adjustments related to audit findings and settlements

Benefits

  • Flexible remote work options up to two days a week as business needs allow
  • Opportunities for professional development and training
  • Collaborative work environment with cross-functional interactions
  • Stable professional office setting
  • Exposure to diverse internal and external stakeholders in the oil and gas industry
Full Job Description
Job Summary

The Joint Venture Audit Analyst coordinates and supports operated and non-operated joint venture audit activities within the upstream oil and gas business. In this role, the individual helps ensure joint venture expenditures, billings, allocations, and audit responses are reviewed, documented, and resolved in accordance with joint operating agreements, company policies, applicable accounting standards, and industry guidance. The

Success in this position requires strong analytical skills, sound judgment, clear professional communication, and the ability to work effectively with internal teams and external joint venture partners. The role works in a professional office environment, and regular partners interacts with Joint Venture Accounting, Operations Accounting, Revenue Accounting, Land, Supply Chain, Drilling, Completions, Production Operations, Legal, and external joint venture partners. The role requires frequent coordination across functions to gather obtaining supporting documentation, validate cost treatment, communicate accounting positions, and resolve audit exceptions in a timely and professional manner.

The Joint Venture Audit Analyst will be based work in our Houston Corporate office and may work up to two (2) days per week remotely, as business needs allow.

Responsibilities

  • Coordinate joint venture audit engagements for operated properties, including audit scheduling, partner communications, information requests, fieldwork support, and audit closing activities
  • Support audits of non-operated properties by reviewing operator billings, supporting documentation, audit claims, and proposed audit exceptions
  • Maintain the joint venture audit schedule and related tracking tools to monitor audit priorities, timing, partner participation, property coverage, open items, and resolution status
  • Review joint interest billings, expense allocations, overhead charges, material transfers, contract charges, and related activity for compliance with joint operating agreements and applicable accounting guidance
  • Coordinate timely responses to audit information requests by gathering documentation from accounting systems, operational teams, supplier records, contracts, invoices, payment records, and other source materials
  • Research, track, and resolve audit exceptions for operated and non-operated properties, ensuring conclusions are appropriately supported and documented
  • Prepare or coordinate journal entries, billing adjustments, credit memos, or other accounting revisions resulting from audit findings, negotiated settlements, or management-approved resolutions
  • Support discussions with joint venture partners, operators, and internal stakeholders regarding audit claims, disputed costs, recommended resolutions, and settlement status
  • Maintain organized audit files, exception logs, settlement documentation, and historical audit records in accordance with company documentation standards
  • Identify recurring audit issues, process gaps, or control concerns and recommend practical improvements to strengthen joint venture accounting practices
  • Partner with internal teams to promote consistent application of joint venture accounting policies, cost allocations, overhead calculations, and documentation requirements
  • Provide audit status updates, issue summaries, and relevant metrics to management and stakeholders, as requested


Qualifications/Requirements

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
  • Minimum 5 years' experience in accounting, audit, joint interest billing, joint venture accounting, or a related upstream oil and gas accounting function.
  • Working knowledge of joint operating agreements, joint interest billing practices, cost allocation methods, and oil and gas audit processes
  • Familiarity with COPAS accounting procedures and industry guidance applicable to operated and non-operated oil and gas properties
  • Demonstrated ability to research accounting issues, reconcile data, evaluate supporting documentation, and communicate conclusions clearly
  • Ability to manage multiple priorities, deadlines, audits, and detailed information requests while maintaining accuracy and professionalism
  • Proficiency with Microsoft Excel, Word, Outlook, and related business productivity tools.


The individual is required to follow all applicable safety precautions. Work is performed almost entirely in a controlled (i.e., inside) environment and does not typically subject the incumbent to any hazardous/extreme elements; some positions may require regularly moving or transporting items weighing up to 25 lbs. around the office for various needs. The successful candidate must be able to complete all essential physical requirements of the job with or without reasonable accommodation.

Desired/Preferred Qualifications

  • Experience using SAP, SAP JV, SAP S/4HANA, or similar oil and gas accounting systems.
  • Prior experience coordinating operated property audits or reviewing non-operated audit claims
  • Experience supporting audit settlements, joint venture partner discussions, and related accounting adjustments
  • Knowledge of upstream oil and gas operations, drilling and completion activity, production operations, materials management, and field cost structures
  • Participation in COPAS, industry audit forums, or other relevant professional training
  • Strong attention to detail and commitment to accurate, well-supported audit conclusions
  • Excellent organizational and time management skills, with the ability to prioritize competing requests and deadlines
  • Effective written and verbal communication skills, including the ability to explain accounting conclusions to financial and non-financial stakeholders
  • Professional judgment, integrity, and discretion in handling confidential partner, contract, and financial information
  • Collaborative work style with the ability to build effective relationships across departments and with external joint venture partners
  • Strong problem-solving skills with the ability to identify root causes, evaluate alternatives, and recommend practical resolutions
  • Ability to work independently, take ownership of assigned responsibilities, and keep management informed of significant issues, risks, and recommended actions


#LI-Hybrid

About Murphy Oil Corporation

Murphy Oil Corporation is an oil and gas exploration and production company. It was founded in 1950 and is headquartered in El Dorado, Arkansas. The company operates in the United States, Canada, and other international locations. Murphy Oil Corporation is focused on developing its oil and gas reserves, as well as exploring for new reserves. The company's operations include offshore drilling, onshore drilling, and production of oil and gas. Murphy Oil Corporation is committed to sustainable development and environmental stewardship in all of its operations.
Learn more about Murphy Oil Corporation
Size
696 employees
Market Cap
$6.5 billion
Industry
Net Income
-$1.1 billion
Founded
1950
5 Year Trend
+4.7%
Revenue
$1.9 billion
NASDAQ

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