Director, Revenue Accounting

Crescent Energy Management • Houston, TX

5d

About The Position

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. We are seeking a strategic and results-oriented Director of Revenue Accounting to lead revenue accounting activities across Crescent's operated assets, non-operated interests, and minerals portfolio. This role is responsible for overseeing production volume validation, purchaser statement review, revenue recognition, accruals, reconciliations, revenue distributions, production imbalance accounting, suspense management, settlement review, and month-end close activities across the Company's operated basins. The Director will also play a key role in acquisition integrations, process improvement initiatives, internal controls, and audit support while partnering closely with Operations, Land, Commercial, and Finance teams. This is a senior leadership role in a growing operations accounting function. The ideal candidate is comfortable building teams, creating culture, mentoring and coaching newer employees, and participating in personnel management functions.

Requirements

• Bachelor's degree in Accounting, Finance or Economics Required
• 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
• 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.

Nice To Haves

• Masters degree preferred.
• CPA, CPA candidate, or APA designation preferred but not required.

Responsibilities

• 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.
• 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.
• 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.
• Manage the creation of revenue accruals, accrual-to-actual analyses, and variance investigation, to support accurate financial reporting and management reporting requirements.
• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director