Joint Venture Accountant

At CFOL, Joint Venture Accountants play a key role in obtaining, analyzing, and processing information for joint interest and property accounting. They are involved in accounts receivable collection, payout calculations, invoice allocation and month end close processes. More specifically, a Joint Venture Accountant may be responsible for performing the following functions:

• Print and upload billings from the accounting computer program.
  
• Verify volumes for GORR calculations and processing fees.
  
• Analyze production costs and request supplemental information when required.
  
• Enter billing data into the accounting system.
  
• Circulate billings to the appropriate department(s) for approval prior to payment.
  
• Reconcile non-operated accounts receivables and payables.
  
• Record royalty income (confirming volumes and calculations) and non-operated take in kind revenue.
  
• Process annual non-operated adjustments.
  
• Coordinate activities with the department manager and other department staff.
  
• Work with other departments to ensure processes are efficient and meeting internal standards.
  

Joint Venture Accountants generally require a Certificate in Accounting and industry experience has been considered an asset. Joint Venture Accountants must also be skilled in analysis, problem solving, decision-making, planning, organizing, meeting deadlines, multi-tasking, attention to detail, and interpersonal skills. Experience with computer applications is essential.

A Joint Venture Accountant in this role works closely with other team members in the office. Depending on the position, they may be required to perform work outside of regular office hours.