Senior Accountant, Upstream

Senior Accountant, Upstream Department: Accounting Employment Type: Full Time Location: US TX Houston - Corporate Office Description About Us: The Caturus platform founded by Kimmeridge - an alternative asset manager focused on the energy sector - supports Kimmeridge’s overarching goal of providing low-cost energy on demand with the lowest carbon footprint. Kimmeridge’s vision in creating Caturus is to build the only independent, fully integrated natural gas and LNG export platform in the U.S. through a combination of its upstream operations and via Commonwealth LNG, a 9.5 million tonnes per annum liquefied natural gas export terminal in southwestern Louisiana on the U.S. Gulf Coast. The combined entities are committed to delivering responsibly sourced, low-emission fuel to domestic and international markets. Caturus is a Houston-based, private exploration and production company seeking to materially grow production through development of deep, high pressure, dry gas windows of the Eagle Ford and Austin Chalk, as well as Haynesville formations located in Texas and Louisiana while maintaining a relentless focus on safety. Commonwealth LNG was founded by industry veterans who decided to re-engineer the LNG construction model. Using proven best practices, Commonwealth is committed to building a world-class LNG export facility while focusing on safety, managing risk and achieving best-in-class environmental standards. Job Description Caturus Energy, LLC is seeking an experienced Senior, General Accounting who will be responsible for owning general ledger integrity and month-end close for the upstream (E&P) business unit and holding entities. This individual will assist in the accounting for complex oil and gas transactions - capital projects, and asset retirement obligations - into accurate, audit-ready financial results. The role partners closely with Land, Engineering, Operations, and Financial Reporting to ensure general ledger activity reflects the economics of upstream operations. The individual will report to the Assistant Controller at the Caturus corporate headquarters in Houston, TX. Key Accountabilities: Own end-to-end GL activity for upstream entities, including journal entry preparation, review, and approval for monthly, quarterly, and year-end close Prepare and review detailed account analyses and balance sheet reconciliations Analyze monthly operational and financial results against budget/AFE (authorization for expenditure), investigating and explaining variances tied to drilling, completion, and lease operating activity Assist with preparation of DD&A (depreciation, depletion & amortization) calculations, successful-efforts accounting entries, capex and DD&A roll forwards and impairment support schedules Support asset retirement obligation (ARO) accounting, including accretion, revisions, and settlement entries tied to well plugging and abandonment Support lease accounting, including review of lease agreements for purposes of ASC 842 accounting Responsible for key internal controls over financial reporting relevant to the close cycle including: Prepare journal entries and account reconciliations, ensuring supporting documentation is complete and reconciling items are resolved within established thresholds Execute monthly budget-to-actual (AFE) variance analysis controls, documenting explanations for variances above threshold and escalating unresolved items to the Assistant Controller Maintain and evidence key controls over DD&A, ARO, and impairment support schedules, including preparer review of calculation inputs and roll-forward tie-outs to the sub-ledge Support internal control over financial reporting documentation and testing efforts, including timely preparation of audit support schedules for internal and external audits Support the development and documentation of accounting policies and procedures specific to upstream transactions Assist with internal and external audit requests, including PBC schedules and supporting documentation Identify and help implement process improvements and close-cycle optimizations, including ERP/system enhancements Execute special projects and ad hoc analyses assigned by management, including support for acquisitions, divestitures, and structured finance transactions Qualifications : Education, Certificates, and Licenses: Bachelor's degree in Accounting required CPA license, or active pursuit of CPA license, preferred Experience: 3+ years of progressive accounting experience, including public accounting and/or corporate accounting within oil & gas upstream (E&P) industry Understanding of upstream accounting pronouncements, ASC 606 revenue recognition, ASC 842 lease accounting, and general standards under successful efforts basis of accounting Working knowledge of joint interest billing, AFEs, DD&A, ARO, and revenue/production accounting Experience with an upstream-capable ERP systems (e.g. SAP) helpful Public accounting experience a plus Knowledge, Skills, and Abilities: Strong data analytical skills; able to format, model, and analyze large, multi-entity data sets High degree of ownership and integrity in all work products Proficient in Microsoft Excel, Word, and Outlook; comfortable working with large ledgers and reconciliation workbooks Familiarity with joint operating agreements (JOAs) and how operational commitments flow through to GL accruals and reconciliations Able to work with sensitive information and maintain confidentiality Excellent communication skills, both written and verbal Demonstrates attention to detail Excellent communication skills, both written and verbal Comfortable owning ambiguous or judgment-driven areas (e.g., cost allocation, accrual estimates) and escalating appropriately Proven ability to perform under pressure and adapt to shifting close deadlines, audit timing, and business needs #J-18808-Ljbffr Caturus Management Services, LLC