Senior Accountant, Upstream

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.

Responsibilities

• 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

Requirements

• Bachelor's degree in Accounting required
• CPA license, or active pursuit of CPA license, preferred
• 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

Skills

• 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
• 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