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Open nowPosted 50 days ago

Senior JIB AR Accountant

Vital Energy52 open roles

Where
Houston, TX
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Your applicationOpen nowSenior JIB AR AccountantVital Energy · Houston, TX

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The clock on this job

Early applications get read.

13.3% of postings close within 7 days. Measured by our own scanner across the market. Vital Energy postings stay open a median of 27 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.6%3 days
  3. 13.3%7 days
  4. 21.3%14 days
  5. 35.7%30 days
  6. 59.1%60 days
This job: posted 50 days ago

Vital Energy median: 27 days open

The posting

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Crescent is a top three producer in the Eagle Ford basin and a scaled operator in each of the Permian and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet.

Crescent Energy is seeking an experienced Senior JIB Accounts Receivable Accountant to join our Houston-based Accounting organization. This position will be responsible for leading the Company's joint interest billing (JIB) accounts receivable recovery efforts, including collections, aging management, ownership resolution, and netting activities across Crescent's operated asset portfolio.

The role will serve as the primary owner of the JIB accounts receivable process, partnering closely with Joint Venture Accounting, Division Order, Land Administration, Revenue Accounting, Operations, and Finance to improve recoveries, execute netting opportunities, resolve ownership issues, and reduce outstanding receivable balances.

The ideal candidate will have at least 5 years of upstream oil and gas accounting experience, including exposure to JIB accounting, accounts receivable, ownership management, collections, or joint venture accounting. The successful candidate will possess strong analytical skills, a proactive mindset, and the ability to drive results across multiple stakeholders.

Reporting Structure

This position reports to the Joint Venture Accounting Supervisor.

Primary Responsibilities

  • Lead Crescent's JIB accounts receivable process, including aging analysis, collections, dispute resolution, recovery initiatives, and management reporting.
  • Own the Company's JIB netting process, including identification of opportunities, coordination with Division Order and Revenue Accounting, execution of netting transactions, and tracking of recoveries.
  • Serve as the primary liaison to Division Order and Land Administration to resolve ownership-related collection issues, facilitate final JIB deck transfers, and improve owner setup timeliness.
  • Lead efforts to identify, track, and resolve unknown owner balances, ownership discrepancies, legacy balances, and other items impacting collectability.
  • Develop and execute collection strategies for difficult-to-collect accounts, including partner outreach, escalation efforts, and demand letter administration.
  • Monitor collection performance, aging trends, and partner payment behavior to identify risks and improve recovery rates.
  • Identify opportunities to improve processes, strengthen controls, and enhance cross-functional coordination to reduce receivable exposure.

Education and Experience Requirements

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
  • 5+ years of upstream oil and gas accounting experience with exposure to JIB accounting, accounts receivable, collections, owner relations, division order, or joint venture accounting.
  • Strong understanding of Joint Operating Agreements (JOAs), ownership structures, and joint interest billing processes.
  • Experience managing aged receivables, collections, payment disputes, and partner communications.
  • Strong analytical, problem-solving, and organizational skills.
  • Advanced proficiency in Microsoft Excel.
  • Experience with oil and gas accounting systems and ERP platforms required; SAP experience preferred.

Preferred Qualifications

  • Certified Public Accountant (CPA), Accredited Petroleum Accountant (APA), or similar professional designation preferred.
  • Experience with JIB netting programs and ownership-related recovery efforts.
  • Understanding of division order setup, ownership transfers, suspense management, and final deck administration.
  • Experience identifying and resolving unknown owner balances and ownership discrepancies.
  • Demonstrated ability to work effectively across Accounting, Land, Division Order, Revenue, and Operations organizations.
  • Proven track record of improving collections, reducing aged receivables, and driving process improvements.

Crescent Energy is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, gender/pregnancy, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status or any other legally protected status. Crescent Energy is also committed to compliance with all fair employment practices regarding citizenship and immigration status. If you require accommodation to complete the application process, please let us know by contacting [email protected].

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