Lease Crude Analyst

Position Overview:

The Lease Crude Analyst plays a critical role in managing the accurate and timely processing, reconciliation, and analysis of lease crude purchases and valuation. This position requires a strong focus on customer service, ensuring direct communication and responsibility to clients. The ideal candidate will demonstrate exceptional reconciliation skills, problem-solving abilities, and time management, collaborating closely with various departments to maintain data integrity, compliance with regulatory standards, and efficient crude oil transaction management.

Key Responsibilities:

Ticket Processing, Data Reconciliation, and Compliance:

• Receive, verify, and process lease crude tickets from carriers.
• Ensure all tickets are accurately entered into the system and match the physical volumes delivered.
• Perform regular reconciliations of lease crude tickets to production reports, pipeline statements, and third-party data.
• Identify and resolve missing, duplicate, and incomplete tickets.
• Maintain compliance with regulatory requirements related to lease crude transactions.
• Ensure all documentation is accurately filed and easily accessible for audits and reviews.

Deal Configuration and Valuation:

• Review deals and ensure accurate setup and configuration.
• Provide guidance to the Lease Office staff on deal setup.
• Confirm pricing and valuation results.
• Assist with processing Prior Period Adjustments (PPAs).
• Run end-of-month valuation processes.

Data Management:

• Manage master data for tanks, meters, carriers, operators, leases, and wells.
• Ensure data accuracy and integrity across all master data entities.
• Perform regular audits and updates to master data as required.
• Collaborate with IT and other departments to implement data management best practices.
• Support data integration and data quality initiatives.

Analysis and Reporting:

• Analyze trends and variances in lease crude data to identify potential issues or opportunities for optimization.
• Prepare and present detailed reports on lease crude transactions and performance metrics to management.

Collaboration and Client Communication:

• Work closely with carriers, Lease Offices, accounting, and regulatory departments to ensure seamless information flow and problem resolution.
• Have direct communication with and responsibility to clients, ensuring their needs are met and issues are resolved promptly.
• Cross-train and support complementary functions such as deal capture, pricing, valuation, taxes, and regulatory reporting.

Innovation and Improvement:

• Have the opportunity to contribute ideas for improving custom software to drive efficiencies, automation, and analytics.

Qualifications:

Education:

• Bachelor’s degree in accounting, supply-chain management, business, or a related field (preferred).

Experience:

• Minimum of 2 years of experience in crude oil accounting or a related field.
• Familiarity with ETRM (Energy Trading and Risk Management) systems is preferred.
• Experience with crude trucking, tanks, meters, and pipelines.
• Familiarity with leases, wells, units, tracts, division orders, and royalty payments.

Skills:

• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Proficient in Microsoft Excel and other relevant software.
• Effective communication and interpersonal skills.
• Optional: Experience with Alteryx and Power BI.

Work Environment:

• In office Monday-Thursday at our Memorial office (10777 Clay Road Houston, TX 77043).
• Working under tight deadlines where completeness is a must.

Why Join Us?

• Competitive salary and benefits package.
• Opportunities for career growth and development.
• Be part of a dynamic and innovative team in the energy industry.

This job description provides a general overview of the role's responsibilities and requirements and may be subject to change based on the company's needs.