Summary
Overview
Work History
Education
Skills
References
Languages
Timeline
Generic

Kristy Laffoon-Smith

Tuttle

Summary

Results-driven Senior Joint Interest Billing Accountant with extensive experience at Gulfport Energy Company. Expert in GAAP compliance and joint interest billing, I excel in account reconciliation and budgeting. Proven ability to enhance operational efficiency through meticulous attention to detail and effective team collaboration, ensuring accurate financial reporting and timely project completion.

Overview

17
17
years of professional experience

Work History

Senior Joint Interest Billing Accountant

Gulfport Energy Company
Oklahoma
01.2018 - 03.2025
  • This role oversees day-to-day accounting operations related to Joint Interest Billing (JIB), ensuring compliance with GAAP, internal controls, COPAS, and joint operating agreements
  • Responsibilities include executing the monthly JIB cycle, preparing various journal entries, including water usage, producing overhead, and JIB entries, and reviewing account reconciliations
  • The position also involves preparing monthly Payouts, rebills, scorecards, and managing property and cost allocations
  • Additionally, it requires maintaining master data, AFEs, and budgets, assisting with external audits, responding to partner inquiries, and supporting the AP department with invoice coding
  • Regular communication with field operations, calculation and recording of month-end journal entries, and reviewing JIB charges for accurate accounting are essential tasks
  • Special projects and responsibilities are assigned as needed
  • The role requires the ability to work independently, meet deadlines, adapt to changes, and handle instructions in various forms while maintaining a positive attitude

Joint Interest Billing (JIB) Accountant

Riley Permian Company
Oklahoma
04.2015 - 01.2018
  • This role involves performing complex joint interest billing (JIB) accounting tasks under minimal supervision, requiring high attention to detail and accuracy
  • The individual must effectively manage multiple tasks, work independently, and thrive in a team environment
  • Key responsibilities include processing checks from Treasury to offset accounts receivable, handling material transfers, billing monthly overhead, and reviewing/approving the monthly JIB close
  • The role also includes maintaining schedules for insurance, reviewing Joint Operating Agreements (JOAs) and COPAS, and managing well-to-well status reports
  • Additional duties include setting up AFE budgets, analyzing monthly AFE vs Actual reports, making necessary AP entry corrections, handling accruals for Capex/LOE and NonOp Operating Reconciliation, and reviewing monthly allocations
  • Special projects may also be assigned by upper management

Production Scheduler

Horizon Hydraulics Inc
Oklahoma City
03.2015 - 05.2015
  • Established production schedules on a daily and weekly basis to enhance productivity and limit inventory expenses.
  • Delivered clear communication of schedule modifications to production staff for immediate impact assessments.
  • Achieved targets for schedule adherence and inventory days on hand per plant performance standards.
  • Partnered with Materials Manager to synchronize capacity planning with overarching master scheduling efforts.
  • Orchestrated collaboration with Supplier Scheduling, Manufacturing, Quality, and Engineering for timely material acquisition.
  • Directed daily support operations by addressing priorities and resolving supply chain issues.
  • Maintained robust working relationships across departments for seamless operations.

Staff Accountant/JIB Accountant

Equal Energy Inc
Oklahoma City
05.2008 - 02.2015
  • This role focuses on managing accounts payable and receivable, ensuring all financial figures, postings, and documents are accurate, mathematically correct, and properly coded
  • Responsibilities include receiving checks, preparing bank deposits, and applying payments to accounts receivable
  • The position involves reviewing invoices and statements for completeness and accuracy, entering material transfers, and recording administrative expenses
  • Monthly tasks include billing out overhead and drilling expenses for producing and newly drilled wells, updating insurance and surface owner records, and auditing field timesheets for accruals
  • Key duties also include reviewing and approving monthly Joint Interest Billing (JIB) and revenue checks, auditing and closing AFEs (Authorization for Expenditure), and reconciling computer and operating reports
  • The role involves calculating monthly depreciation expenses, handling end-of-year MISC 1099s, and managing monthly production/construction field time entries
  • It also requires reviewing bank reconciliations for both US and Canada, ensuring payable accounts are properly recorded, and confirming that items are entered with the correct job codes
  • The monthly JIB process involves reviewing, correcting, and finalizing records, followed by mailing the JIB statements
  • Additionally, the role includes reviewing Master Service Agreements (MSA) and Certificates of Insurance (COI) for new vendor set-ups and monitoring accounts to ensure timely payments, balancing, and reconciliation of accounts

Education

Bachelor of Science - Accounting

University of Central Oklahoma
Oklahoma
12.2018

Associate of Science - Accounting

Oklahoma City Community College
Oklahoma City, OK
12.2013

Skills

  • Joint Interest Billing (JIB)
  • Accounts Payable
  • Accounts Receivable
  • Accounting accuracy
  • Quantitative correctness
  • Material Transfers
  • Billing
  • Auditing
  • Reconciliation
  • Budgeting
  • Analysis
  • Accruals
  • Depreciation
  • Bank account reconciliation
  • Vendor Management
  • Production scheduling
  • Joint interest billing
  • GAAP compliance
  • Account reconciliation
  • Journal entries
  • Budget management
  • Cost allocation
  • Accounts payable
  • Data analysis
  • Self-directed work
  • Task Management
  • Excel lookup and pivot tables
  • Team collaboration
  • Problem solving
  • Attention to detail
  • Analytical skills
  • Excel proficiency
  • Communication skills

References

Available upon request

Languages

English, Fluent

Timeline

Senior Joint Interest Billing Accountant

Gulfport Energy Company
01.2018 - 03.2025

Joint Interest Billing (JIB) Accountant

Riley Permian Company
04.2015 - 01.2018

Production Scheduler

Horizon Hydraulics Inc
03.2015 - 05.2015

Staff Accountant/JIB Accountant

Equal Energy Inc
05.2008 - 02.2015

Bachelor of Science - Accounting

University of Central Oklahoma

Associate of Science - Accounting

Oklahoma City Community College

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Kristy Laffoon-Smith