Director, Revenue Accounting

Crescent Energy; Houston, Northern (TX, KY); Hybrid; USD 150,000 - 210,000; Full time

Job summary

Crescent Energy seeks a senior revenue accounting leader in Houston to own end-to-end revenue recognition for oil, gas and NGLs. You will drive accurate accruals, settlements and close processes while mentoring a high-performing team.

Responsibilities include reviewing purchaser and plant statements, coordinating with commercial, production accounting, and finance, and supporting due diligence in acquisitions and divestitures. Strong upstream revenue experience is essential.

Qualifications

• Bachelor's degree in Accounting, Finance or Economics required; Masters preferred.
• 10+ years of accounting experience within upstream oil and gas.
• Experience with upstream revenue accounting, purchaser statements, pricing, deductions, and accruals.
• Strong analytical, reconciliation and problem solving skills.
• Advanced proficiency with Microsoft Excel and SAP or other ERP.

Responsibilities

• Lead revenue accounting activities for oil, natural gas and NGL sales.
• Own review of purchaser statements, gas plant statements, settlements and distributions.
• Oversee monthly reconciliations for revenue accounts and close activities.
• Manage revenue accruals, analyses and variance investigations.
• Support contracts, commercial and down-stream acquisitions due diligence and integration.
• Lead a revenue accounting team and collaborate cross-functionally to improve processes.

Skills

Strong analytical skills

Reconciliation

Problem solving

Excel proficiency

Education

Bachelor's degree in Accounting/Finance/Economics

Master's degree preferred

CPA / CPA candidate / APA preferred

Tools

SAP

ERP systems

Microsoft Excel

Job description

Crescent is a differentiated U.S. energy company committed to delivering value through a disciplined, returns-driven growth through acquisition strategy and consistent return of capital. Our long-life, balanced portfolio combines significant cash flow from stable production with a deep, high-quality development inventory. Crescent is a top three producer in the Eagle Ford basin and a scaled operator in each of the Permian and Uinta basins. Crescent’s leadership is an experienced team of investment, financial and industry professionals that combines proven investment and operating expertise. For more than a decade, Crescent and our predecessors have executed on a consistent strategy focused on cash flow, risk management and returns. Through disciplined and accretive investments, we have successfully tripled the size of our company since going public in December 2021 while maintaining a strong balance sheet.

Reporting Structure

This position reports to the Controller - Operations Accounting.

Primary Responsibilities

• Revenue Accounting:
  • Lead all revenue accounting activities for oil, natural gas, and NGL sales across Crescent's portfolio, ensuring transactions are recorded accurately and in accordance with company policies and applicable accounting standards.
• Settlement and Distribution Accounting:
  • Own the review and analysis of oil purchaser statements, gas plant statements, residue gas settlements, NGL proceeds, pricing, deductions, transportation charges, royalties, and other ownership distributions to ensure the completeness and accuracy of recorded revenues and related owner payments.
• Reconciliations and Accounting Close:
  • Oversee monthly reconciliations of revenue-related accounts, production and sales volumes, inventories, accounts receivable balances, and other key accounts while supporting monthly, quarterly, and annual close activities.
• Accruals and Financial Reporting:
  • Manage the creation of revenue accruals, accrual-to-actual analyses, and variance investigation, to support accurate financial reporting and management reporting requirements.
• Contract, Commercial, and A&D Support:
  • Develop an understanding of purchaser contracts, processing agreements, transportation agreements, and marketing arrangements while supporting acquisition and divestiture activities through due diligence, transition planning, and integration of acquired assets.
• Leadership, Cross-functional Collaboration and Process Improvement:
  • Lead, mentor, and develop a high-performing revenue accounting team.
  • Partner with production accounting, marketing, land, operations, commercial, and finance teams to resolve accounting issues, strengthen internal controls, support a scalable revenue accounting organization, and drive continuous process improvements.
  • Support owner audits and Owner Relations queries as appropriate.

Education and Experience Requirements

• Bachelor's degree in Accounting, Finance or Economics Required; Masters degree preferred.
• 10+ years of accounting experience within the upstream oil and gas industry.
• Experience with upstream oil, and/or gas and NGL revenue accounting function.
• Understanding of purchaser statements, gas plant statements, revenue settlements, pricing, deductions, transportation agreements, and revenue accrual processes.
• Strong analytical, reconciliation, and problem-solving skills.
• Advanced proficiency with Microsoft Excel.
• Experience with SAP or other major ERP system required.
• CPA, CPA candidate, or APA designation preferred but not required.

Personal Attributes and Position Requirement

• Strong leadership and team development skills.
• Excellent communication and relationship-building abilities.
• Strategic thinker with a continuous improvement mindset.
• Strong analytical and problem-solving skills.
• Ability to manage competing priorities in a fast-paced environment.
• Highly organized, accountable, and results-oriented.

Crescent Energy is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, gender/pregnancy, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status or any other legally protected status.

Crescent Energy is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

If you require accommodation to complete the application process, please let us know by contacting [e-mail].