Revenue Accountant I

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.

We are seeking highly motivated and detail-oriented Revenue Accountants to join our Accounting team supporting upstream oil and gas operations across Crescent's core operating areas, including the Eagle Ford, Permian, and Uinta Basins.

The role is responsible for revenue accounting activities including settlement analysis, revenue recognition, accruals, reconciliations, financial close responsibilities, and contract-related accounting.

The ideal candidate will possess strong analytical and problem-solving skills, and the ability to collaborate effectively across accounting, production accounting, marketing, land, operations, and commercial teams in a dynamic and fast-paced environment.

Primary Responsibilities

Revenue Accounting: Perform 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: Review and analyze 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: Prepare 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: Prepare revenue accruals, perform accrual-to-actual analyses, investigate variances, and 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.

Cross-functional Collaboration and Process Improvement: 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 a related field required
• 1+ years of accounting experience, preferably within the upstream oil and gas industry
• Experience with upstream oil, and/or gas and NGL revenue accounting functions preferred
• Understanding of purchaser statements, gas plant statements, revenue settlements, pricing, deductions, transportation agreements, and revenue accrual processes preferred
• Strong analytical, reconciliation, and problem-solving skills
• Advanced proficiency with Microsoft Excel
• Experience with SAP or another major ERP system preferred.
• CPA, CPA candidate, or APA designation preferred but not required.

Personal Attributes and Position Requirements

• Strong attention to detail and commitment to accuracy
• Excellent written and verbal communication skills
• Ability to manage multiple priorities and deadlines in a fast-paced environment
• Strong analytical mindset and intellectual curiosity
• Self-directed, accountable, and results-oriented approach to work
• Ability to build effective relationships across departments and organizational levels
• Continuous improvement mindset with a desire to enhance processes and controls
• Adaptability and willingness to learn in a growing organization