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Contract Administrator

4 months ago

Houston, United States Cimarex Energy Full time

Job description

ABOUT COTERRA ENERGY

Coterra Energy Inc. was formed in October 2021 as the result of a merger between Cabot Oil & Gas Corporation and Cimarex Energy. By merging, the two legacy companies have created one entity full of talented people with decades of experience in the energy industry. Our team is passionate about delivering reliable energy to all and achieving environmental excellence while doing so. We embrace innovation and technology and encourage an atmosphere of open dialogue between employees and leadership.

JOB SUMMARY

The Contract Administrator provides effective guidance and support to the Marketing Department by leveraging a comprehensive understanding of all Commercial Agreements and arrangements, and a solid understanding of Natural Gas, Crude, and NGL contract terms, conditions, and terminology. The Contract Administrator will assist with daily and long-term trade validation processes for all Business Units, review nonstandard contracts and assist Legal with drafting language to address unique contractual arrangements for agreements, amendments, asset management arrangements, etc. This role will complete Audit and SOX disclosures and testing, and complete monthly Accrual and Close processes. Job requirements

ESSENTIAL DUTIES AND RESPONSIBILITIES

Analyze deal confirmation terms for

consistency with approved language. Work with Legal to draft language as

needed to address unique arrangements. Prepare documents and route

executables for signature Review counterparty confirmations against

commercial contracts and resolve issues related to discrepancies in a timely

manner. Confirm executed deals including statement generation, matching

terms, issuing confirmation, and addressing any discrepancies Maintain master database of all company

contracts including electronic and hardcopy originals Maintain and track status of contract

documents and ensure contracts are reviewed and approved internally and

externally in accordance with Audit / SOX guidelines and requirements Analyze, review and redline complex, non-standard

agreements, amendments, and asset management arrangements. Draft amendments

and non-standard language for contracts. Maintain communication with external

counterparties throughout the contract preparation process and distribute

executables Draft and maintain contract summaries of key

terms along with tracking of expirations, required notices, etc. Maintain and

monitor all contracts to identify upcoming renegotiations and terminations Assist with and complete counterparty

set-up, counterparty maintenance, commodity deal entry and reconciliation in

internal database Provide customer service by responding to

customer inquiries in a timely manner and addressing any raised issues Coordinate gas sales information with

customers, Account Executives, & Contract Administrators Work closely with Trading and Scheduling to

validate sales. Work closely with customers and Accounting to resolve price

discrepancies Prepare Force Majeure notices for

company-operated assets and provide feedback to service providers. Distribute

company generated Force Majeure notices and counterparty notices internally Assist with Audit testing and review

processes quarterly and annually. Ensure compliance with all SOX and Audit

guidelines and requirements Assist the Commercial team and other

Marketing Department members in navigating internal credit limits and

approval processes Calculate and update manual pricing

adjustments for complex pricing structures and deals Complete monthly accrual and close to

Accounting by coordinating with Volume Controllers and Manager, Product

Allocation Verify all applicable pipeline tariff rates

monthly Maintain and verify all Platts pricing data

in internal database Develop and coordinate enhancements to

internal Marketing database Assist in economic analysis for special

projects for Marketing/Executive team Assist in developing slides for quarterly Marketing

presentations Serve as backup to Contract Administrators

in other Business Units as needed

SKILLS AND EXPERIENCE

Strong written and verbal communication

skills Excellent customer service skills and prompt

response time Strong detail-orientation and

self-organization Ability to perform and oversee multiple

tasks simultaneously Use company resources effectively and

efficiently Proficient experience with MS Word, Excel

and PowerPoint Understand business goals, objectives and

direction of organization

YEARS OF EXPERIENCE

3-5

years Contract experience, preferably Oil & Gas contracts

5+

years for Senior with Oil & Gas contracts experience

EDUCATION REQUIREMENTS

4 Year / Bachelor's Degree preferred; equivalent experience in lieu of education will be considered

TRAVEL REQUIREMENTS

Percent of Travel Required: Less than 5%; Travel may be required for required meetings or training

WORKING CONDITIONS AND PHYSICAL DEMANDS

Work is typically performed indoors in an office environment. Incumbents must be able to perform work which includes typing, sitting, and standing. In the event that incumbent visits operations worksite, personal protection equipment, including head protection, hearing protection, safety glasses, safety shoes, and flame-resistant clothing is required. Safety rules including OSHA and DOT requirements are strictly enforced. Employees must be willing to travel and work extended hours on short notice.

EO-1 STATEMENT

Coterra Energy Inc. is an equal opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State/Province or Local status unrelated to the performance of the work involved.

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