26-603.B - Settlements Accounting Manager

Job Objective:
The Settlements Accounting Manager serves as the critical liaison between Revenue Accounting and Marketing, ensuring the accurate, timely, and complete settlement of production revenues and related financial activities. This role leads a team of analysts responsible for daily and monthly settlement processes, with a strong focus on minimizing revenue leakage, validating volumes and pricing, and maintaining alignment across commercial and accounting functions.
The ideal candidate combines strong technical accounting expertise with operational awareness of marketing contracts, midstream processes, and production data flows.

Essential Job Responsibilities:

Leadership & Oversight

• Manage, mentor, and develop a team of settlements analysts.
• Oversee workload distribution, performance management, and process improvement initiatives.
• Act as the primary point of contact between Accounting and Marketing teams.
• Drive cross-functional alignment and communication to resolve issues efficiently.

Daily Responsibilities

• Perform and review payment reconciliations to ensure accuracy and completeness of cash receipts.
• Lead exception management, including discrepancies related to contracts, pricing, and volumes.
• Communicate proactively with internal stakeholders (Marketing, Revenue Accounting, Operations, Division Order) to resolve issues.
• Monitor settlement activity to ensure adherence to contractual terms and internal controls.

Monthly Responsibilities

• Oversee AFS (Available for Sale) calculation and distribution processes to Marketing.
• Manage invoice review, validation, and processing and counterparty sign-off.
• Track and monitor producer imbalances, ensuring accurate accounting and reporting.
• Support monthly close activities, including accruals and variance analysis related to settlements.

Key Additional Responsibilities

• Validate measurement data, including production volumes and pricing inputs.
• Ensure completeness and accuracy of Non-Operated (Non-Op) and Third-Party volume flow.
• Identify and mitigate risks related to lost or misstated revenue.
• Partner with Marketing and Operations to improve data integrity and process transparency.
• Implement and enhance controls to prevent financial leakage across the settlements lifecycle.
• Develop producer imbalance make-up program in conjunction with cross-functional teams.

Other Job Responsibilities:

• Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation.
• Supports company vision and mission.
• Adheres to established work schedule, attendance standards and is punctual to work and meetings.
• Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
• Contributes to team effort by accomplishing related results as needed.
• Other duties as assigned by management.

Qualifications:

• Minimum of six (6) years of relevant oil and gas accounting experience, with a focus on settlements, revenue, or marketing accounting
• Prior leadership or supervisory experience required
• Strong understanding of:
  • Oil & gas marketing contracts and settlement processes
  • Production accounting and midstream allocation concepts
  • Revenue recognition and financial controls
• Strong analytical and problem-solving skills
• Ability to manage complex datasets involving volumes, pricing, and contractual terms
• Excellent communication skills with the ability to bridge technical and commercial teams
• High attention to detail with a focus on accuracy and completeness
• Proven ability to drive process improvements and implement controls
• Proficiency in ERP systems and advanced Excel skills (experience with energy-specific systems preferred)

Education Requirements:

• Required: Bachelor’s degree in Accounting, Finance, or related business field
• Preferred Master’s Degree in Accounting, Finance, or Business.

Certifications, Licenses, Registrations:

• None.