Assistant Controller - Financial Reporting & General Accounting, Upstream

Caturus Management Services, LLC; Houston (TX); On-site; USD 150,000 - 230,000; Full time

Job summary

Caturus Energy in Houston seeks an experienced Assistant Controller, Financial Reporting & General Accounting – Upstream. You will oversee monthly financial statements, external quarterly and annual statements, and MD&A, reporting to the Controller, Upstream, and coordinating with shared services.

You will supervise Upstream reserves and property accounting, review reserve reports and impairment analyses, and collaborate with operations and engineering teams to ensure accurate reporting.

Qualifications

• Bachelor’s Degree in Accounting required.
• CPA, CMA or MBA strongly preferred.
• 15+ years of experience, with 8+ years in upstream oil and gas required.
• Experience mixing public accounting and oil & gas industry is highly preferred.
• Strong leadership and communication skills; ability to manage and mentor a team.

Responsibilities

• Oversight of external financial statements, MD&A, footnotes and internal reports for Upstream.
• Direct management of Upstream accounting staff and coordination with shared services.
• Coordinate with external auditors to ensure timely, high-quality audit deliverables.
• Prepare technical accounting memos on complex Upstream transactions.
• Ensure compliance with GAAP and internal control policies; manage deadlines.

Skills

Financial reporting

Upstream accounting

Team leadership

GAAP knowledge

Excel skills

Audit coordination

Communication

Education

Bachelor’s Degree in Accounting

CPA/CMA or MBA strongly preferred

Tools

Excel

Word

Outlook

Job description

Assistant Controller - Financial Reporting & General Accounting, 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

Position Summary: Caturus Energy is seeking an experienced Assistant Controller, Financial Reporting & General Accounting – Upstream. This individual will report to the Controller, Upstream and will be responsible for oversight of the timely preparation, review and analysis of internal monthly financial statements, as well as external quarterly and annual financial statements and MD&A. This role will also oversee Upstream reserves and property accounting, including review of the reserve report, DD&A calculation, proved property transfers, and impairment analyses. This individual will have ownership of Upstream accounting research and financial statements and will coordinate with the shared services financial reporting team in support of the drafting of the consolidated financial statements of Caturus LLC.

Key Accountabilities

• Oversight for the preparation of periodic external financial statements, footnotes and MD&A, internal management reports, and ad hoc reports for the Upstream business unit
• Direct management of the Upstream financial reporting and general accounting staff
• Oversight of the Upstream quarterly reviews and annual audits, ensuring coordination with external auditors and the timely delivery of quality and accurate schedules required for financial statement audits (PBCs)
• Research and prepare technical accounting memos for complex Upstream accounting matters and transactions
• Review the annual and interim reserve reports, including reserve volume revisions, additions, and key assumptions (pricing, development timing, and costs) including supplemental oil and gas disclosures and standardized measure (SMOG)
• Review quarterly DD&A calculations and impairment analyses
• Evaluate and approve the transfer of costs from unproved to proved properties; asset retirement obligations and depletion
• Collaborate with operations, land, marketing, and engineering teams to ensure accurate financial reporting
• Ensure deadlines are met, including monthly, quarterly, and annual financial statements in compliance with reporting requirements, including debt covenant compliance
• Assist management in due diligence activity of potential acquisitions and other transactions, including review of settlement statements
• Ensure compliance with GAAP, internal control and accounting policies, and industry-specific accounting standards
• Special accounting and analytics projects assigned by management

Qualifications

Education, Certificates, and Licenses:

• Bachelor’s Degree in Accounting required
• CPA, CMA or MBA strongly preferred

Experience:

• 15+ years of experience, with 8+ years in the upstream oil and gas industry required
• Strong preference for a mix of public accounting and oil and gas industry experience

Competencies:

• Financial reporting expertise required
• Extensive knowledge of specialized technical accounting applicable to upstream oil and gas companies
• Proficient in accounting technical pronouncements, research and analysis, including but not limited to revenue recognition, lease accounting and business combinations
• Proven leadership abilities managing and mentoring a team
• Oral and written communication skills to interface effectively with management and auditors, including proven ability to prepare accounting/reporting quarterly communications for the Upstream business unit to Caturus LLC Audit Committee
• Ability to prioritize tasks to meet business needs
• Advanced Microsoft Excel skills required; general proficiency in Word and Outlook
• Highly organized and proactive
• Eager to collaborate and expand knowledge base
• Proven ability to perform under pressure and adjust to meet frequently changing needs and requirements