26-603.B - Settlements Accounting Manager

Hilcorp•Houston, TX

8d•Onsite

About The Position

The Settlements Accounting Manager serves as the critical liaison between Revenue Accounting and Marketing, ensuring the accurate, timely, and complete settlement of production revenues and related financial activities. This role leads a team of analysts responsible for daily and monthly settlement processes, with a strong focus on minimizing revenue leakage, validating volumes and pricing, and maintaining alignment across commercial and accounting functions. The ideal candidate combines strong technical accounting expertise with operational awareness of marketing contracts, midstream processes, and production data flows.

Requirements

Minimum of six (6) years of relevant oil and gas accounting experience, with a focus on settlements, revenue, or marketing accounting
Prior leadership or supervisory experience required
Strong understanding of: Oil & gas marketing contracts and settlement processes
Production accounting and midstream allocation concepts
Revenue recognition and financial controls
Strong analytical and problem-solving skills
Ability to manage complex datasets involving volumes, pricing, and contractual terms
Excellent communication skills with the ability to bridge technical and commercial teams
High attention to detail with a focus on accuracy and completeness
Proven ability to drive process improvements and implement controls
Proficiency in ERP systems and advanced Excel skills (experience with energy-specific systems preferred)

Nice To Haves

Master’s Degree in Accounting, Finance, or Business.
experience with energy-specific systems preferred

Responsibilities

Manage, mentor, and develop a team of settlements analysts.
Oversee workload distribution, performance management, and process improvement initiatives.
Act as the primary point of contact between Accounting and Marketing teams.
Drive cross-functional alignment and communication to resolve issues efficiently.
Perform and review payment reconciliations to ensure accuracy and completeness of cash receipts.
Lead exception management, including discrepancies related to contracts, pricing, and volumes.
Communicate proactively with internal stakeholders (Marketing, Revenue Accounting, Operations, Division Order) to resolve issues.
Monitor settlement activity to ensure adherence to contractual terms and internal controls.
Oversee AFS (Available for Sale) calculation and distribution processes to Marketing.
Manage invoice review, validation, and processing and counterparty sign-off.
Track and monitor producer imbalances, ensuring accurate accounting and reporting.
Support monthly close activities, including accruals and variance analysis related to settlements.
Validate measurement data, including production volumes and pricing inputs.
Ensure completeness and accuracy of Non-Operated (Non-Op) and Third-Party volume flow.
Identify and mitigate risks related to lost or misstated revenue.
Partner with Marketing and Operations to improve data integrity and process transparency.
Implement and enhance controls to prevent financial leakage across the settlements lifecycle.
Develop producer imbalance make-up program in conjunction with cross-functional teams.
Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation.
Supports company vision and mission.
Adheres to established work schedule, attendance standards and is punctual to work and meetings.
Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
Contributes to team effort by accomplishing related results as needed.
Other duties as assigned by management.