Joint Venture & Operations Accountant

Company Description Wolf Lake Exploration Ltd. is a privately held Canadian exploration and production company focused on disciplined growth and long-term value creation. The organization identifies, acquires, and develops oil and gas assets across core operating areas, maintaining a flexible and opportunistic investment strategy. Wolf Lake Exploration emphasizes responsible operations and sound financial management to support sustainable expansion. Team members join a dynamic environment where strategic thinking and operational excellence are valued and encouraged.

Title: JV & Operations Accountant

Location: Hybrid (Home & Head Office Downtown Calgary)

Placement: Contract or Full-Time Staff

Compensation: Market rate/salary commensurate with experience; includes health/dental coverage and downtown parking allowance (employee).

JOINT VENTURE ACCOUNTING

• Set up and maintain properties, cost centres, partners, DOIs, and AFEs in Pandell JV, including onboarding acquisitions.
• Book monthly JV activity and issue JIBs for operated properties, including CAPL overhead calculations.
• Review, code, and pay non-operated JIBs; manage and resolve partner disputes.
• Execute facility and pipeline equalizations and ownership adjustments.
• Configure gas handling and processing arrangements; invoice third-party fees.
• Track AFEs against actuals, execute close-outs, and issue cash calls.
• Administer EnergyLink statement exchanges and support partner/operator audits.

ACCOUNTS PAYABLE & DISBURSEMENTS

• Manage full-cycle AP via OpenInvoice: vendor setup, invoice intake, coding, routing, and posting.
• Execute semi-monthly payment runs (cheque and EFT).
• Process vendor credit applications, reconcile corporate credit cards, and code expense reports.

REVENUE, RECEIVABLES & ROYALTIES

• Record revenue from purchaser/marketer statements and execute collections.
• Invoice monthly processing fees, road use, fuel gas, and sublease rent.
• Remit Crown, GORR, and freehold royalties; maintain royalty owner records and acquisition updates.

LAND PAYMENTS & ADMINISTRATION

• Manage payment records in Landworks: lessors, payees, rental schedules, and history.
• Remit surface lease rentals, landowner compensation, Crown/freehold mineral rentals, bonuses, and freehold mineral tax.
• Coordinate with the land department on lease amendments, rental reviews, and payment schedules.

MONTH-END & COMPLIANCE

• Execute operational month-end close: accruals, sub-ledger/intercompany reconciliations, lease operating statements, and reporting.
• Prepare monthly GST returns; accrue municipal property taxes and AER levies.
• Record payroll journal entries and reconcile source-deduction remittances.
• Support year-end financial statements and tax filings with external accountants.

Qualifications (MUST HAVE)

• Authorized to work in Canada without sponsorship.
• Extensive Canadian Oil & Gas operations accounting experience at a licensed operator.
• Direct, hands-on joint venture accounting experience, specifically managing JIBs, AFEs, CAPL overhead, and facility equalizations.
• Proven software proficiency with Pandell JV (or equivalent) and OpenInvoice.
• Comprehensive knowledge of Alberta regulatory financial obligations, including Crown/freehold royalties, mineral tax, and surface lease rentals.
• Proven track record of high-autonomy management within a junior oil and gas company.