Operations Accountant

About the role

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 Operations Accountant to join our Houston-based Accounting organization. The Operations Accountant performs key operational and financial accounting activities in accordance with the company's policies, procedures, and internal control framework. This role serves as key liaison between Operations, Land, and Accounting to ensure accurate accounting for properties, including cost tracking, accruals, and financial close activities.

Reporting Structure

This position reports to the Operations Accounting Supervisor.

Primary Responsibilities

• Track and reconcile tangible equipment, including material transfers, yard balances, and related valuations
• Support monthly and quarterly close processes to ensure deadlines and reporting requirements are met
• Prepare journal entries and maintain multiple account reconciliations
• Maintain compliance with SOX and internal control requirements, including documentation and testing support
• Collaborate with Operations, Land, and Procurement/Supply Chain to ensure accurate cost classification, accruals, and asset tracking
• Identify process improvements and assist with their implementation to enhance efficiency and accuracy of accounting processes
• Support joint interest accounting processes, including cost allocations and partner billings as necessary

Education and Experience Requirements

• 2+ years of related accounting experience at an upstream oil and gas company
• Bachelor's degree in Accounting or Finance, or Accredited Petroleum Accountant (APA) certification

Preferred Qualifications

• Experience in SAP
• Strong analytical skills
• Ability to perform detailed work efficiently and accurately
• Ability to organize and prioritize a dynamic workload involving detailed processes and time-sensitive priorities
• Understanding of upstream accounting principles, including AFE accounting, accrual processes, and operational cost tracking* Understanding of COPAS accounting guidelines as they relate to properties subject to joint venture agreements
• Strong verbal and written communication skills
• Self-motivated and detail-oriented
• Proficient in Microsoft Office, particularly Excel