Assistant Controller - Financial Reporting & General Accounting, Upstream
Description
About Us:
The Caturus platform founded by Kimmeridge – an alternative asset manager focused on the energy sector – supports Kimmeridge's overarching goal of providing low-cost energy on demand with the lowest carbon footprint.
Kimmeridge's vision in creating Caturus is to build the only independent, fully integrated natural gas and LNG export platform in the U.S. through a combination of its upstream operations and via Commonwealth LNG, a 9.5 million tonnes per annum liquefied natural gas export terminal in southwestern Louisiana on the U.S. Gulf Coast. The combined entities are committed to delivering responsibly sourced, low-emission fuel to domestic and international markets.
Caturus is a Houston-based, private exploration and production company seeking to materially grow production through development of deep, high pressure, dry gas windows of the Eagle Ford and Austin Chalk, as well as Haynesville formations located in Texas and Louisiana while maintaining a relentless focus on safety.
Commonwealth LNG was founded by industry veterans who decided to re-engineer the LNG construction model. Using proven best practices, Commonwealth is committed to building a world-class LNG export facility while focusing on safety, managing risk and achieving best-in-class environmental standards.
Job Description
Position 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
C ompetencies:
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
About Caturus Management Services, LLC
The Caturus platform founded by Kimmeridge – an alternative asset manager focused on the energy sector – supports Kimmeridge's overarching goal of providing low-cost energy on demand with the lowest carbon footprint.
Kimmeridge's vision in creating Caturus is to build the only independent, fully integrated natural gas and LNG export platform in the U.S. through a combination of its upstream operations and via Commonwealth LNG, a 9.5 million tonnes per annum liquefied natural gas export terminal in southwestern Louisiana on the U.S. Gulf Coast. The combined entities are committed to delivering responsibly sourced, low-emission fuel to domestic and international markets.
Caturus is a Houston-based, private exploration and production company seeking to materially grow production through development of deep, high pressure, dry gas windows of the Eagle Ford and Austin Chalk, as well as Haynesville formations located in Texas and Louisiana while maintaining a relentless focus on safety.
Commonwealth LNG was founded by industry veterans who decided to re-engineer the LNG construction model. Using proven best practices, Commonwealth is committed to building a world-class LNG export facility while focusing on safety, managing risk and achieving best-in-class environmental standards.