Repsol Services Company

Sr. Joint Venture Accountant

Job Locations US-TX-The Woodlands
Posted Date 3 weeks ago(2/5/2018 8:36 PM)
# of Openings


Repsol, one of the world’s leading integrated oil and gas companies, spans the entire energy value chain including exploration, production, refining, marketing and new energy R&D.


Repsol’s corporate headquarters are located  in Madrid, Spain. Its U.S. headquarters are in Houston, Texas. Repsol operates in more than 30 countries with 25,000 employees worldwide.


In the U.S., Repsol has exploration and production operations in the deepwater Gulf of Mexico, the North Slope of Alaska, Kansas and Oklahoma. In Canada, our E&P assets are located offshore Newfoundland and Labrador. North America is a strategic growth area for Repsol. Over the past few years, Repsol has expanded exponentially with strong projections for continued growth.


The Sr. JV Accountant is responsible for ensuring that relationships with our working interest partners are maintained and further developed through proactive communication. This role requires an understanding of the various JOA’s or JDA’s with our partners. This will be achieved by collaborating closely with various internal stakeholders (JV engineers, Land, Operations, Planning and Audit) and JV operator representatives. Additional responsibilities include accurate recording of all joint interest billings (outbound and inbound), cash calls, and revenues related to non-operated and operated properties. The  Sr. JV Accountant will also be responsible for ensuring all internal control requirements are met and will be responsible for ownership of those controls.


  • Coordinate with the land team to ensure all required AFEs and supplements have been received
  • Resolve working interest disputes through collaboration with Land and Division Order
  • Proactively review existing and new JV accounting procedures
  • Prepare monthly account reconciliations of applicable A/P and A/R accounts
  • Record incoming JIBs for operated & non-op operations in a timely and accurate manner
  • Record incoming payments in a timely and accurate manner
  • Provide JV audit assistance and coordination as needed
  • Backup and assist capital team with analysis and AFE creation and maintenance
  • Be recognized as the SAP expert for the JV function in the business unit and assist in the continuous improvement of SAP processes as it pertains to JIB’s and payments
  • Must be proficient in Microsoft Excel (pivot tables and lookups), Word and Outlook.
  • Project management skills to assist in specific initiatives as they arise
  • Familiarity with Asset Retirement Obligations, DD&A and the year-end impairment process
  • Experience with Gulf of Mexico and Onshore US oil and gas plays (conventional and unconventional)
  • Additional duties as assigned


The ideal candidate will have a positive, proactive and inquisitive attitude. The minimum qualifications for this role would be as flows:


  • Bachelor’s Degree in Accounting or Finance preferred
  • 15 years of progressive working experience, preferably in upstream Oil and Gas
  • Extensive experience working with COPAS agreements
  • Working knowledge of International Financial Reporting Standards is desirable but not required
  • Detail orientated coupled with the ability to learn quickly
  • Experience with SAP preferred
  • Ability to effectively communicate with all levels of the organization
  • Strong written, verbal and presentation skills


Repsol is an Equal Opportunity Employer M/F/Disability/Veteran


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