Accounting and Settlements Lead
Accounting and Settlements Lead
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USD 98000 - 162000
1 Vacancy
Job Description
BKV Corporation is a dynamic valuesdriven company with expertise in upstream and midstream unconventional oil and gas investments and production. We believe our focus on visionary strategy efficient execution and high-performing teams are key to creating long-term sustainable value and growth.
BKV Corporation is an equal opportunity employer. We value diversity and base all employment decisions on qualifications merit and business need.
JOB SUMMARY
The Accounting and Settlements Lead is responsible for overseeing the accurate and timely processing of financial transactions related to commodity trading activities including natural gas purchases sales transportation storage and imbalances and associated hedging activities. This role ensures accurate settlement with counter parties reconciles accounts and supports month-end close activities. The ideal candidate brings strong energy industry experience particularly in midstream and trading operations and possesses deep knowledge of natural gas scheduling contracts and revenue recognition.
RESPONSIBILITIES
Typical job responsibilities of the Accounting and Settlements Lead include:
Oversee the daily settlement process for natural gas transactions including physical and financial deals capacity trades and imbalances.
Oversee the accounting treatment of complex commercial transactions including structured deals swaps basis trades and storage deals. Reconcile pipeline statements and counter parties invoices against internal records and scheduled volumes.
Resolve disputes related to pricing quantities tariffs or imbalances by working closely with scheduling trading contracts and commercial teams.
Ensure timely issuance of invoices and processing of payments for all counterparties including marketers utilities and pipeline operators.
Lead the monthly and quarterly close processes for trading and transportation-related accounts including journal entries accruals and account reconciliations.
Ensure all revenue and expense transactions are accurately captured and recorded in accordance with GAAP and company policy.
Prepare detailed variance analyses and financial reports for management and external auditors.
Maintain strong documentation to support internal controls and compliance with SOX and regulatory audits.
Develop and implement process improvements and automation initiatives to enhance accuracy efficiency and scalability of settlement and accounting functions.
Act as the subject matter expert for the ETRM and ERP systems related to natural gas accounting and settlements.
Ensure compliance with tax regulations and internal financial policies.
Prepare and support audit requests from internal and external auditors including walkthroughs and documentation.
Support risk management efforts by ensuring proper controls and segregation of duties are in place.
Perform other duties as required.
REQUIRED SKILLS
Deep understanding of natural gas transportation storage trading contracts and revenue recognition
Strong knowledge of GAAP FERC and other regulatory frameworks affecting the energy industry.
Advanced Excel and analytical skills; ability to manage and interpret large data sets.
Proven ability to manage complex reconciliations and resolve discrepancies across multiple counterparties and systems.
Strong attention to detail problem-solving skills and commitment to process integrity
Excellent communication and interpersonal skills with ability to work across departments and levels.
EDUCATION & EXPERIENCE
A Bachelors degree in Accounting Finance or related field is required.
Experience in the energy sector preferably in natural gas marketing pipeline settlements or midstream operations.
LICENSES & CERTIFICATIONS
CPA or CMA candidate a plus
PHYSICAL DEMANDS / WORKING CONDITIONS
This position is located at BKVs Denver or Fort Worth office. Remote work will be
considered.
Indoor working environment that requires the ability to perform repetitive motions and operate standard office equipment.
May occasionally be exposed to distracting noise while sharing office space with others.
Some travel up to 10% may be required.
Employment Type
Full-Time
