Warm the olive oil in a large pot over medium-high heat.
Brown the ground beef, breaking it up as it cooks, 5 to 6 minutes. Drain excess fat if needed.
Stir in onion, bell pepper, and jalapeño. Cook until softened, about 4 to 5 minutes.
Add garlic, chili powder, cumin, oregano, paprika, salt, and pepper. Cook 30 seconds until fragrant.
Mix in the rice and toast it for 1 minute, stirring often.
Pour in broth, diced tomatoes with juices, tomato sauce, black beans, and corn. Stir to combine.
Bring to a boil. Reduce heat, cover, and simmer 18 to 20 minutes, stirring once, until rice is tender.
Stir in lime juice and cilantro. Taste and adjust salt or pepper as needed.
Ladle into bowls and top with cheese, crushed chips, and avocado if using. Serve hot.