Staff Accountant – JIB, Treasury & AP

Company Information

QB Energy is a Denver-based upstream natural gas company committed to delivering value through responsible acquisition, development, and production that benefits both shareholders and stakeholders by operating efficiently, sustainably, and with cutting-edge technology.

QB Energy operates in the Piceance Basin of Western Colorado, currently operating about 400,000 net acres. The company develops and operates upstream gathering, compression, processing, and fractionation assets, with a focus on safety, environmental stewardship, and community engagement. Initiatives such as zero-flaring, methane emissions reduction, water recycling, and wildlife mitigation help minimize footprint while maximizing long-term value.

Job Summary

The Staff Accountant – JIB, Treasury & AP supports the JIB, treasury, and accounts payable functions within the QB Energy Accounting Department. This position is responsible for monthly JIB processing, day-to-day treasury functions, and higher-level accounts payable responsibilities. This role will help maintain financial accuracy and compliance within the company, using Excel, BOLO accounting software, artificial intelligence software, and a working knowledge of Oil and Gas activity-related coding. This role contributes to QB Energy’s financial management and operational reporting.

Essential Duties & Responsibilities

·         Run and maintain the monthly JIB process in BOLO, including weekly JIB trial processes, preparation of monthly JIB statements, and uploading of monthly owner data to a third-party site for distribution.

·         Update monthly production, pad, area, and other special allocations in BOLO.

·         Review and process all non-operated monthly JIB statements.

·         Prepare monthly journal entries for the following:

o   Fleet vehicle and fuel costs

o   Prepaid insurance, bonds, and other prepaid expense amortization.

o   G&A payroll entries.

o   Reclassification of certain payroll costs to lease operating expense.

o   JIB holding account reclassifications to lease operating expense.

o   Certain gathering fee allocations.

o   Monthly equipment ad valorem tax accruals.

o   Elimination entries for internal COPAS overhead costs and gathering costs.

o   COPAS overhead accruals.

o   Ad hoc reclassification and correcting journal entries.

o   Other monthly entries which will arise in the normal course of business. 

·         Prepare annual allocations of insurance and equipment ad valorem tax in coordination with accounting management.

·         Share preparation of the daily cash file; including clearing checks in BOLO, BOLO deposit entries, updates to the cash forecast, and occasional wire set-up.

·         Share preparation of the monthly cash forecast in coordination with accounting management.

·         Review monthly transactions for use tax treatment and prepare quarterly return.

·         Code, verify, and route invoices for approval.

·         Serve as a resource to the Accounts Payable team for complex coding for JIB related invoices.

Other Duties & Responsibilities

·         Perform any other Accounting Department responsibilities that may be assigned by the Accounts Payable and Treasury Manager, which will contribute to the achievement of the Company's goals and promote an efficient and effective accounting team.

Qualifications

Education

• Degree in accounting or comparable field is required.

Experience:

Required:

·         5+ years of experience in an Oil and Gas JIB accounting position.

Skills & Abilities:

·         Strong data analysis skills with the ability to evaluate large volumes of data accurately and efficiently.

·         Comfortable working in an entrepreneurial environment with the desire and flexibility to grow with the Company. 

·         Willingness to innovate to improve efficiency using artificial intelligence.

·         Highly detail-oriented and organized, with the ability to multitask and meet monthly close deadlines.

·         Responsible, reliable, and eager to learn with a positive attitude and strong work ethic.

·         Ability to effectively communicate and interact positively with others.

Specialized Knowledge:

·         Experience with OpenInvoice.

·         Experience with Oil and Gas specific Accounting Software (BOLO or Excalibur preferred).

·         Knowledge of AFE and Capital/LOE coding.

·         Strong Microsoft Excel knowledge. 

Compensation

The base compensation for this role in this location is targeted between $99,000 and $121,000 annually. Final offer amounts are determined by multiple factors, including candidate experience and expertise, and may vary from the range listed above.

Benefits and Perks

As an employee of QB Energy, you’ll enjoy an impressive benefits package:

·         Medical Plan: QB Energy offers multiple medical plans to choose from

o   Lowest level plan premiums are covered at 100% for employees and dependents

·         Dental Plan

·         Vision Plan

·         Long-term disability, life insurance, and AD&D covered by QB Energy

·         401k plan: QB Energy matches 100% of employee contributions up to the first 6% of compensation

·         Paid Time Off

·         Paid Holidays

·         Gym membership reimbursement

·         Paid parking or RTD pass

·         Onsite gym

·         Cellphone reimbursement

Work Conditions

Location:

This position is in Denver, CO. Candidates currently residing in locations outside of daily commuting distance will be considered, however, it is the expectation that the selected individual will be available at the work location.

Work Environment:

This position operates in an office environment. This entails working inside an office space wherein employees may be provided a public workstation (cubicle) or private office. From time to time, the role will require field visits where exposure to extreme weather conditions, fumes, airborne particles, vibrations, dust, electrical charges and other unforeseen exposures may be encountered.

Physical Demands:

In the performance of the duties and responsibilities of this job, the employee is required to have visual acuity to operate a motor vehicle and view a computer terminal for prolonged periods of time. While at work sites, the employee will be expected to walk and stand. Individuals might be asked to climb, balance, stoop, kneel, crouch, reach, and/or crawl. Individuals might be required to lift, carry, push, or pull up to 50 lbs. in the performance of this position.

Position Type and Working Hours:

This is a full-time position. Core work hours are from 8:00 a.m.– 5:00 p.m. Monday – Thursday, and 8:00 a.m. – 12:00 p.m. on Friday. Employees must be capable and willing to work overtime as required and to participate in occasional meetings, events, seminars, conferences, or other activities outside of typical work hours. Employees responsible for project operations are expected to monitor and, in some cases, respond to emails, calls, or texts outside of business hours.

Travel:

Occasional travel to work site locations may be expected. Overnight stays may be required from time to time for training, seminars, field visits, or visits to onsite locations.

Additional Information

Disclaimer:

This job posting is not intended to contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. The Company reserves the right to change or assign additional duties, responsibilities, and activities at any time with or without notice.

Hiring Practices:

QB Energy is proud to be an equal-opportunity employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic. We consider qualified applicants with criminal histories, consistent with applicable federal, state, and local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our application procedures. If you need assistance or an accommodation due to a disability, you may contact HR Manager at

HR@qb-energy.com

We anticipate this post will close in 30 days