Ops and JV Accounting Manager

Crescent Energy Management LLC; Houston (TX); On-site; USD 120,000 - 190,000; Full time

Job summary

Crescent Energy Management LLC is seeking an experienced Manager of Operations & Joint Venture Accounting in Houston. You will lead operational and JV accounting for both operated and non-operated assets, overseeing monthly closes, cost allocations, and COPAS procedures to ensure accurate and timely reporting.

The role requires a strong leadership background with 10+ years in oil and gas accounting, deep JV knowledge, and the ability to mentor a growing accounting team across multiple

Qualifications

• Bachelor's degree in Accounting, Finance or related field.
• 10+ years of oil and gas accounting experience, including joint venture and COPAS.
• Proven leadership and ability to mentor accounting staff.

Responsibilities

• Lead operational and joint venture accounting for operated and non-operated assets, including monthly close and reporting.
• Oversee lease operating expenses, capex, inventory, and cost allocation.
• Manage joint interest billings, partner settlements, and collections.
• Serve as SME for COPAS procedures and JOA terms; administer overhead rates.
• Partner with Operations, Land, Revenue, Regulatory Accounting and Finance on acquisitions and integrations.
• Drive process improvements, internal controls, and accounting staff development.

Skills

Leadership

Joint venture accounting

COPAS accounting

Monthly close

SAP

Interdepartmental collaboration

Education

Bachelor's degree in Accounting/Finance

Tools

SAP

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.

Crescent Energy is seeking an experienced Manager, Operations & Joint Venture Accounting to join our Houston-based Accounting organization. This position will be responsible for leading the company's operational accounting, joint venture accounting, inventory accounting, cost allocation, and related close and reporting activities across operated and non-operated upstream assets. The role is expected to oversee key accounting processes related to joint interest billings, partner settlements, non-operated accounting, capital and lease operating expense accounting, inventory management, COPAS compliance, and acquisition integration activities. The ideal candidate will have at least 10 years of oil and gas accounting experience, including significant experience in joint venture accounting, operational accounting, COPAS accounting procedures, and accounting close processes. This role requires a collaborative leader who can effectively partner with Operations, Land, Revenue Accounting, Regulatory Accounting, Accounts Payable, Financial Reporting, and Finance teams while driving process improvements, strengthening internal controls, and developing accounting staff. The successful candidate will possess deep expertise in joint venture accounting and COPAS practices, including interpretation of Joint Operating Agreements, administration of overhead provisions, support of partner audits, and resolution of complex joint interest accounting matters. Reports to the Operations Accounting Controller.

Primary Responsibilities

• Lead the Company's operational accounting and joint venture accounting functions for operated and non-operated assets, including monthly close, reporting, and account reconciliation activities.
• Oversee accounting for lease operating expenses, capital expenditures, inventory, and cost allocation processes.
• Manage joint interest billing activities, including partner billings, cash calls, settlements, netting, accounts receivable, and collections.
• Serve as the Company's subject matter expert for COPAS Accounting Procedures, Joint Operating Agreements, and joint venture accounting practices, including administration of COPAS overhead rates.
• Partner with Operations, Land, Revenue Accounting, Regulatory Accounting, and Finance teams to support operational accounting activities, acquisitions, divestitures, and integration efforts.
• Lead responses to partner inquiries, billing disputes, and joint venture audits while ensuring compliance with contractual and accounting requirements.
• Develop, mentor, and lead accounting personnel while promoting accountability, teamwork, and continuous improvement.
• Identify opportunities to enhance processes, strengthen internal controls, automate activities, and improve the efficiency and scalability of the accounting organization.

Education and Experience Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• 10 or more years of oil and gas accounting experience.
• 5 or more years of progressive leadership, supervisory, or management experience.
• Significant experience with joint venture accounting, joint interest billings, operational accounting, and monthly close processes.
• Deep expertise in COPAS Accounting Procedures, Joint Operating Agreements, Joint Interest Billing (JIB), partner audits, overhead administration, and dispute resolution.
• Demonstrated experience administering COPAS provisions, including overhead calculations, audit support, cost recoveries, and dispute resolution.
• Strong understanding of upstream operations, capital accounting, cost allocations, inventory accounting, and accrual processes.

Preferred Qualifications

• Certified Public Accountant (CPA) or Accredited Petroleum Accountant (APA) designation a plus.
• Experience presenting accounting analyses and recommendations to executive leadership.
• Proven success supporting acquisitions, integrations, and large-scale organizational growth.
• Demonstrated ability to build and lead high-performing accounting teams.
• Experience with leading upstream oil and gas accounting platforms and ERP systems, including SAP.

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].

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.