Senior Accountant - Financial Reporting and Consolidations

California Resources Corporation is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in California. We operate our world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market our production. Using advanced technology, CRC’s workforce focuses on safely and responsibly supplying affordable energy for California by Californians. The CRC Financial Reporting Department is seeking to fill a Senior Accountant position. This position is based out of our Santa Clarita office.

The Senior Accountant - Financial Reporting and Consolidations will report to the Manager Financial Reporting and will play a key role in the financial close and reporting process, ensuring completeness and accuracy of reporting, and compliance with accounting standards. This individual will be responsible for consolidating financial data from multiple entities and preparing financial statements and other external reporting. The ideal candidate will have a strong accounting background, exceptional analytical, problem solving, and critical thinking skills, and the ability to thrive in a changing environment.

Position Responsibilities and Duties:

• Support the month-end and quarter-end closing processes, ensuring timely and accurate completion of consolidations and reporting.
• Reconcile intercompany and interdivisional transactions and balances and prepare necessary elimination entries for consolidation for multiple entities.
• Assist in the preparation of monthly and quarterly consolidated financial statements, including income statement, balance sheet, cash flow statement, and equity statement, in accordance with U.S. GAAP, SEC and other reporting regulations (e.g., bank compliance).
• Provide detailed high-quality financial statement analytics and valuable variance commentary
• Develop process maps and improve the control framework for financial reporting processes
• Coordinate with various departments, including accounting and operations, to ensure all necessary financial data is available for consolidation purposes.
• Assist in implementation of new accounting standards and reporting requirements as needed.
• Ensure compliance with internal controls and assist in the implementation of control enhancements as necessary.
• Support external service providers, such as auditors and valuation specialists, by providing requested documentation and explanations in timely manner.

Minimum Skills and Experience Requirements:

• Bachelor’s degree in Accounting /Finance from a four-year university required.
• Minimum of 5 years of progressive accounting experience. Supervisory experience is not required, but preferred.
• Strong knowledge of U.S. GAAP and experience with financial consolidations and intercompany accounting.
• Proficiency in accounting software and ERP systems (experience with Oracle and Hyperion is highly preferred).
• CPA and Public Accounting (audit) experience preferred.
• Ability to work independently, take initiative, and drive results in a fast-paced environment.
• Excellent analytical, problem solving, and critical thinking skills, with a high attention to detail.