Flywheel Energy, LLC

Accountant - AR-JIB

Flywheel Energy, LLC  •  Oklahoma City, OK (Onsite)  •  21 days ago
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Job Description

Job Location: Oklahoma City Office - Oklahoma City, OK 73102
Position Type: Full Time
Travel Percentage: Up to 25%
Job Shift: Day
Job Category: AccountingJob

Summary
Flywheel Energy is a rapidly growing private oil and gas company focused on Building momentum where it matters. We are seeking a highly skilled Accountant, Accounts Receivable/Joint Interest Billing to join our Accounting team. This role is critical in managing joint interest billing processes, ensuring accuracy in cost allocation, and supporting financial reporting and audit activities. The ideal candidate will be detail oriented, collaborative, and motivated to drive efficiency through process improvements and use of technology.
Key Responsibilities
- Process and review non-operated Joint Interest Billings (JIBs) for accuracy, completeness, and compliance with JOAs and COPAS guidelines
- Apply cash receipts accurately and timely to the correct owners, properties, and invoices
- Manage accounts receivable activity for the basin assigned, including open items, unapplied cash, and aging
- Research and resolve variances, discrepancies, and billing errors with operators
- Serve as a primary point of contact for operator inquiries, owner questions, and payment related communications
- Track, document, and follow up on non op billing disputes and under/overpayments
- Assist with month end close activities, including accruals, reclasses, and balance sheet reconciliations
- Coordinate with Land, AP, Revenue, and Treasury teams as needed
- Identify process improvement opportunities related to non op billing and workflows

Qualifications

Required Qualifications
- 2+ years of accounting experience (oil & gas preferred).
- Advanced Excel skills (logical/lookup formulas, pivots, handling large datasets)
- Strong understanding of COPAS and operating agreements
- Strong attention to detail and accuracy.
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- Ability to handle high volume processing in a fast paced environment.
Preferred

Qualifications
- Bachelor's degree in Accounting, Finance, or related field (or equivalent experience)
- Experience with EnergyLink, OpenInvoice, SQL, and W Energy
- Experience with acquisitions and process development
Flywheel Energy, LLC

About Flywheel Energy, LLC

Flywheel Energy is a private exploration and production company formed to provide American consumers with reliable, affordable energy by acquiring and sustainably operating large, producing onshore U.S. oil and gas assets.

In August of 2018, the Fund committed a second time to the management team with $700 million of equity in the form of the newly-formed Flywheel Energy. Flywheel Energy is a private exploration and production company formed to acquire and operate large, producing onshore U.S. oil and gas assets with an emphasis on the Rockies and Mid-Continent.

Concurrent with the new commitment, Flywheel signed a definitive agreement to acquire Southwestern Energy’s legacy gas properties and affiliated midstream business in the Fayetteville Shale in Arkansas for $1,865 Million. With this acquisition, Flywheel entities will have made almost $2.1 billion of acquisitions since 2017.

Industry
Oil, Gas & Mining
Company Size
201-500 employees
Headquarters
Oklahoma City, Oklahoma
Year Founded
2017
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