Assistant Controller - Financial Reporting & General Accounting, UpstreamDepartment: Accounting
Employment Type: Full Time
Location: US TX Houston - Corporate Office
DescriptionJob DescriptionPosition Summary: Caturus Energy is seeking an experienced Assistant Controller, Financial Reporting & General Accounting - Upstream. This individual will report to the Controller, Upstream and will be responsible for oversight of the timely preparation, review and analysis of internal monthly financial statements, as well as external quarterly and annual financial statements and MD&A. This role will also oversee Upstream reserves and property accounting, including review of the reserve report, DD&A calculation, proved property transfers, and impairment analyses. This individual will have ownership of Upstream accounting research and financial statements and will coordinate with the shared services financial reporting team in support of the drafting of the consolidated financial statements of Caturus LLC.
Key Accountabilities:- Oversight for the preparation of periodic external financial statements, footnotes and MD&A, internal management reports, and ad hoc reports for the Upstream business unit
- Direct management of the Upstream financial reporting and general accounting staff
- Oversight of the Upstream quarterly reviews and annual audits, ensuring coordination with external auditors and the timely delivery of quality and accurate schedules required for financial statement audits (PBCs)
- Research and prepare technical accounting memos for complex Upstream accounting matters and transactions
- Review the annual and interim reserve reports, including reserve volume revisions, additions, and key assumptions (pricing, development timing, and costs) including supplemental oil and gas disclosures and standardized measure (SMOG)
- Review quarterly DD&A calculations and impairment analyses
- Evaluate and approve the transfer of costs from unproved to proved properties; asset retirement obligations and depletion
- Collaborate with operations, land, marketing, and engineering teams to ensure accurate financial reporting
- Ensure deadlines are met, including monthly, quarterly, and annual financial statements in compliance with reporting requirements, including debt covenant compliance
- Assist management in due diligence activity of potential acquisitions and other transactions, including review of settlement statements
- Ensure compliance with GAAP, internal control and accounting policies, and industry-specific accounting standards
- Special accounting and analytics projects assigned by management
Qualifications: Education, Certificates, and Licenses:
- Bachelor's Degree in Accounting required
- CPA, CMA or MBA strongly preferred
Experience:
- 15+ years of experience, with 8+ years in the upstream oil and gas industry required
- Strong preference for a mix of public accounting and oil and gas industry experience
Competencies:
- Financial reporting expertise required
- Extensive knowledge of specialized technical accounting applicable to upstream oil and gas companies
- Proficient in accounting technical pronouncements, research and analysis, including but not limited to revenue recognition, lease accounting and business combinations
- Proven leadership abilities managing and mentoring a team
- Oral and written communication skills to interface effectively with management and auditors, including proven ability to prepare accounting/reporting quarterly communications for the Upstream business unit to Caturus LLC Audit Committee
- Ability to prioritize tasks to meet business needs
- Advanced Microsoft Excel skills required; general proficiency in Word and Outlook
- Highly organized and proactive
- Eager to collaborate and expand knowledge base
- Proven ability to perform under pressure and adjust to meet frequently changing needs and requirements
