Manager, Commodity Accounting

Manager, Commodity Accounting

Department:
Accounting

Employment Type:

Full Time

Location:

US TX Houston - Corporate Office

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.

Position Summary: The Manager, Commodity Accounting, is responsible for managing the accounting and reporting of complex physical and financial commodity transactions. This role requires the ability to read, interpret, and determine appropriate accounting treatment for sophisticated and often non-standard trading contracts and structures. This role ensures the accurate and timely recording of commodity and derivative transactions in accordance with U.S. GAAP and company policies.

The Manager partners with Marketing, Commercial, Risk Management, Operations, Treasury, and Finance teams to support business initiatives and maintain effective accounting processes and internal controls. The position provides day-to-day leadership of the commodity accounting function while driving process improvements and supporting the development of team members, and the Company's growth and operational objectives within the commodities value chain. This is an on-site role.

Key Accountabilities:

• Manage and oversee accounting and reporting for LNG, natural gas, crude oil and NGL trading and marketing activities (physical and financial) including mark-to-market activities, and hedge programs, where applicable, as well as intercompany transactions within a complex organization structure
• Manage the monthly, quarterly, and annual close processes for commodity and derivatives accounting activities
• Ensure accurate accounting treatment for physical and financial transactions
• Review and approve journal entries, account reconciliations, and financial analyses
• Read, interpret, and determine appropriate accounting treatment for complex and non-standard contracts, including master trading agreements, structured transactions, and optionality-embedded deals
• Assess contracts for embedded derivatives, normal purchase/normal sale (NPNS) elections, and lease classification under U.S. GAAP
• Assist with the evaluation of contracts in the drafting phase and provide guidance to achieve the optimal accounting outcome
• Work with Marketing, Risk, Middle Office and Commercial teams to resolve accounting and reporting issues
• Monitor intercompany billings, receivable balances and payable balances within a complex organization structure
• Monitor account balances and investigate variances to ensure accurate reporting
• Maintain compliance with U.S. GAAP, company policies, and internal control requirements
• Support internal and external audit requests and provide required documentation "
• Assist with the implementation of process improvements, automation initiatives, and system enhancements
• Develop and maintain accounting procedures and documentation
• Provide guidance, training, and mentorship to accounting staff
• Prepare management reports and analyses supporting business and financial objectives

Qualifications
:

Education, Certificates, and Licenses:

• Bachelor's degree in Accounting, Finance, or a related field required
• CPA designation required
• Master's degree in Accounting, Finance, or Business Administration preferred

Experience:

• Minimum of 8 years of progressive commodity accounting experience within the energy industry
• Minimum of 3 years of supervisory or management experience
• Prior experience within a global physical and financial commodities trading organization (merchant trading house, physical marketer, or major commodity trading desk) strongly preferred

Knowledge, Skills, and Abilities:

• Strong knowledge of U.S. GAAP and accounting principles related to energy and commodity transactions
• Experience with complex physical and financial commodity accounting
• Experience…