Murphy Oil Corporation

At Murphy Oil Corporation, we believe the rich experiences and backgrounds of our employees strengthen our Company, create a productive workforce, and drive our success. We encourage you to apply for the positions for which you meet the qualifications.
Job Summary
The Joint Venture Accountant is responsible for performing the day-to-day and month-end processes along with working on partner cost recovery initiatives. Effective communication with internal stakeholders (Land, Operations, Finance, etc.) and external Joint Venture Partners (Op and Non-Op) is essential. They are also accountable for the timely and accurate completion of all assigned and ad-hoc special projects.
The successful candidate should demonstrate the ability to learn quickly, make process improvements, and maintain a solid control environment. And can operate as a part of the team and assist teammates on challenges as well as focus on individual initiatives.
The JV Accountant will work in our Houston Corporate office and may work two (2) days a week remotely.
Responsibilities
Manage month-end joint venture close processes for US operating entities and related key controls
Compute company labor billable hourly rates for global use annually
Support internal time writing processes and reporting
Calculate and track operated and non-op payouts for US properties
Advise proper overhead setup and expense deck for new AFE’s in the US
Perform joint venture accounting related balance sheet reconciliations and follow-ups
Maintain joint venture master data and manage necessary ownership adjustments
Build schedules and journals related to reallocation, billability, and overhead adjustments as required
Scrutinize and process non-operated US joint interest bills
Assist on partner and JV audit inquiries pertaining to US properties
Work on various cost recovery efforts as opportunities arise
Ensure compliance of all tasks with relevant accounting standards and SOX controls
Contribute to process streamlining and automation projects, and work with IT on user testing
Qualifications/Requirements
Bachelor’s degree in Accounting or Finance
Minimum 5 years’ experience in Joint Venture and/ or Operations accounting in oil and gas
SAP JVA/CO module experiences (cost center, equity group, JOA, distribution cycle and etc.)
Familiar with operating agreements for US operations (onshore &amp; offshore)
Excellent Microsoft Excel knowledge
Desired/Preferred Qualifications
Knowledgeable with payout calculations
Experience with cost recovery projects
Comfortable with performing account reconciliations
Understand inventory and equipment transfer accounting treatments
Stay current on COPAS interpretations
Familiarity with Microsoft Power BI and Power Automate
Th e 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.
#LI-Hybrid
PURPOSE
We believe in providing energy that empowers people.
MISSION
We challenge the norm, tap into our strong legacy and use our foresight and financial discipline to deliver inspired energy solutions.
VISION
We see a future where we are an industry leader who is positively impacting lives for the next 100 years and beyond.
VALUES &amp; BEHAVIORS
Do Right Always
Respect people, safety, environment and the law
Follow through on commitments
Make it better
Think Beyond Possible
Offer solution
Step up and lead
Don’t settle for “good enough”
Embrace new opportunities
Stay With It
Show resilience
Lean into challenges
Support each other
Consider the implications
_________________________________________________________________________________________________
Murphy Oil Corporation participates in the Department of Homeland Security U.S. Citizenship and Immigration Services' E-Verify program. Please read the E-Verify Notice-English / E-Verify Notice-Spanish and Right to Work Notice before proceeding with your job application.
For additional information, you may also visit the USCIS website .
Murphy Oil Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, and status as a protected veteran, or any other category protected by federal, state or local laws.
EEO is the Law Poster
EEO is the Law Supplement

Joint Venture (JV) Accountant

Joint Venture (JV) Accountant

This job is no longer available

Talents

Recruiters

About