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Job details:
An Oil and Gas Accountantmanages specialized financial records, production volumes, revenue, and expenses for energy companies, ensuring compliance with industry-specific regulations (GAAP/IFRS). Key responsibilities include joint interest billing (JIB), royalty calculations, revenue distribution, and analyzing production data.
Core Responsibilities
Joint Interest Billing(JIB): Preparing, reviewing, and distributing billing statements to partners, and reconciling expenditures.
Revenue Accounting: Tracking production volumes, calculating royalties, and processing revenue distributions.
General Accounting: Recording daily transactions, maintaining the general ledger, and performing bank reconciliations.
Financial Reporting: Preparing monthly, quarterly, and annual financial statements, including balance sheets and PL statements.
Compliance Taxation: Ensuring compliance with industry regulations, handling tax reporting, and assisting with audits.
Cost Analysis: Tracking production costs, expenses, and managing budgeting.
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