Operations Accounting Supervisor

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 Accounting Supervisor to join our Houston-based Accounting organization. The Operations Accounting Supervisor leads and oversees the Company’s operational cost accounting functions, including capital project classification and cost tracking, lease operating expense classification and tracking, operational accruals and budget comparisons, physical inventory management and cost allocations for company-owned infrastructure and equipment. This role ensures compliance with Company policies, Joint Operating Agreements (JOAs), COPAS guidelines, and applicable accounting standards while supporting strong internal controls and operational excellence.

Reporting Structure

This position reports to the Manager, Operations and Joint Venture Accounting. 

Primary Responsibilities

• Supervise, train and develop the operations accounting team by assigning work, reviewing deliverables, monitoring deadlines, and providing ongoing coaching
• Serve as primary contact for questions and requests from field operations and engineering teams
• Review and approve the setup, maintenance and closing of capital and expense projects in alignment with company policy and master data governance guidelines
• Review and approve recurring and ad hoc journal entries for capital projects, accruals, lease operating expense, and general and administrative (G&A) expenses
• Advise internal stakeholders and ensure appropriate accounting treatment of jointly held property activities and materials and ensure compliance with COPAS accounting standards
• Review budget-to-actual analysis and report on the operating results; analyze financial statement variances and advise on budget and forecast impacts
• Oversee material inventory counts, reconciliations and valuations
• Review account reconciliations for completeness, accuracy, and appropriate analysis
• Lead or collaborate on special projects
• Focus on continuous improvement for accounting processes and procedures 
• Establish and maintain effective work relationships with internal staff, auditors, and counterparts at outside operators
• Provide support for internal and external audit requests

Education and Experience Requirements

• Minimum of 8 years of accounting experience in the Exploration & Production (E&P) sector of the oil and gas industry, including significant experience in operational cost accounting
• Bachelor’s degree in Accounting or Finance, or Accredited Petroleum Accountant (APA) certification

Preferred Qualifications

• Experience in SAP and EnergyLink
• Prior supervisory experience
• Strong understanding of COPAS accounting guidelines as they relate to properties subject to joint venture agreements
• Strong analytical skills
• Ability to perform detailed work efficiently and accurately
• Ability to organize and prioritize individual and team workloads
• Ability to establish and maintain effective working relationships
• Strong verbal and written communication skills, including the ability to communicate effectively on topics ranging from technical accounting to team development
• Proficiency in Microsoft Office, particularly Excel

Crescent Energy is an equal opportunity employer. All qualified applicants will be considered for employment without regard to race, color, religion, gender/pregnancy, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status or any other legally protected status. Crescent Energy is also committed to compliance with all fair employment practices regarding citizenship and immigration status. If you require accommodation to complete the application process, please let us know by contacting [email protected].