The Role
Manage monthly operated joint interest billings (JIB) ensuring costs comply with JOAs and COPAS. Review capital/expense coding and allocations, reconcile JIB to GL, handle partner inquiries and audits, lead JIB month-end close activities, and drive process improvements for the MidCon II asset.
Summary Generated by Built In
Job Summary
Flywheel Energy is a rapidly growing private oil and gas company focused on Building momentum where it matters. We are seeking a highly skilled Senior Accountant, Joint Interest Billing to join our Accounting team. This role is critical in managing joint interest billing processes, ensuring accuracy in cost allocation, and supporting financial reporting and audit activities. The ideal candidate will be detail oriented, collaborative, and motivated to drive efficiency through process improvements and use of technology.
Key Responsibilities- Prepare, review, and finalize monthly operated JIB billings
- Ensure all costs are billed in accordance with JOAs, COPAS accounting procedures, and contractual agreements
- Review capital and expense costs for accuracy, proper coding, and correct allocation to partners
- Coordinate closely with Operations, AFE Development, Production Accounting, AP, Revenue, and Land teams to ensure timely and accurate cost capture
- Manage partner inquiries, disputes, and audit requests related to operated billings
- Lead JIB-related month-end close activities, including accruals, prior-period adjustments, and true-ups
- Support and participate in internal and external JIB audits, including preparation of audit packages and responses
- Perform reconciliations between JIB, general ledger, and sub-ledgers for the operated asset
- Monitor compliance with spend authorizations, AFEs, and billing cutoffs
- Identify billing issues, recommend process improvements, and assist with implementation of efficiencies
- Serve as a subject matter expert for the MidCon II asset
- Bachelor’s degree in accounting or related field, or equivalent years of experience in Oil & Gas Accounting
- 5+ years of oil and gas accounting experience, with a focus on operations accounting
- Advanced Excel skills (logical/lookup formulas, pivots, handling large datasets)
- Strong understanding of COPAS and operating agreements
- High attention to detail, strong organizational skills, and ability to manage competing priorities
- Strong problem solving and analytical abilities
- Effective communication skills across multiple departments and external partners
- Team oriented mindset with adaptability to take on new responsibilities
- Experience with EnergyLink, OpenInvoice, SQL, and W Energy
- Experience with acquisitions and process development
Skills Required
- Bachelor's degree in accounting or related field, or equivalent oil and gas accounting experience
- 5+ years of oil and gas accounting experience, focused on operations accounting
- Advanced Excel skills (logical/lookup formulas, pivots, handling large datasets)
- Strong understanding of COPAS and operating agreements
- High attention to detail, strong organizational skills, ability to manage competing priorities
- Strong problem solving and analytical abilities
- Effective communication skills across multiple departments and external partners
- Team oriented mindset with adaptability to take on new responsibilities
- Experience with EnergyLink, OpenInvoice, SQL, and W Energy
- Experience with acquisitions and process development
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The Company
What We Do
Valorem is a privately held oil and natural gas exploration and production company based in Oklahoma City, OK.
