Senior NGL Accountant
- Recruiter
- OPC
- Location
- Houston, Texas, United States
- Salary
- Competitive salary
- Posted
- 26 Nov 2020
- Closes
- 27 Nov 2020
- Ref
- 00024179
- Job role
- Accountant
- Experience level
- Qualified accountant
Description
Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, and its OxyChem subsidiary is a major North American chemical manufacturer. We are one of the largest U.S. oil and gas companies, based on equity market capitalization, with more than 40,000 employees and contractors worldwide.
Our greatest asset has been and will continue to be our people. We are looking for a n experienced and motivated individual to fill the position of Senior NGL Accountant based in Houston, TX.
Reporting to the Marketing Accounting Manager, the Senior NGL Accountantis responsible for actualizing NGL volumes received from pipeline EBBs, our production company and/or 3rd party customers transported to market, placed in storage, and delivered to market along with the management of inventory.
The following are job duties expected of the Senior NGL Accountant:
• Regularly work with a team of 6 accountants to perform monthly volumetric allocations for NGL locations by analyzing statements per location and other transporter reports
• Reconcile transportation invoices to trading system, resolving discrepancies timely to process payment.
• Work with Operations to ensure completeness and accuracy of NGL truck/rail and inventory transactions recorded in the trading system
• Analyze inventory and explain volumetric variances between current month, prior month and accruals
• Proficient in knowledge of inventory valuation (WACOG)
• Provide support and assistance to Front Office Team to research and resolve prior period volumetric discrepancies
• Reconcile actualized volumes per our trading system with our revenue accounting group for equity and 3 rd party and resolve discrepancies in a timely manner
• Collaborate with project team, product control, revenue accounting and Operations to improve processes and provide reliable analysis
• Reconciliation of general ledger accounts for inventory and related costs
• Review and record monthly journal entries to the general ledger for commodity purchases, sales, transportation and fees for accruals and actualized activity
• Gather supporting doc uments and provide explanations for audit request for consolidated and stand-alone financial statements (as applicable)
• Document and update desk procedures for assigned tasks
• Manage Inventory (storage, imbalances and line fill) - calculating wacog and locom
• Review intercompany transactions
• Supporting special projects
• Act as a back up to other desks
Qualifications:
• Bachelor's Degree in Accounting or Finance
• Energy Marketing industry experience (7 years, minimum of 5 years in Natural Gas Liquids)
• Relevant experience with NGL actualizations and inventory valuation (WACOG)
• Experience working in a trading system, Allegro experience a plus.
• Strong ability in managing and processing large quantities of data
• Ability to communicate in a professional manner and establish effective working relationships with internal operations and external customers
• Team-oriented spirit who displays a willingness to help others; and lead by example
• Capacity to maintain an optimistic and positive attitude
• Motivated, self-directed and results-driven approach to work, also takes ownership of assigned tasks
• Ability to research and prepare analysis to respond to internal and external inquiries in a timely, professional and thorough manner
• Creative thinker who can identify processes for continuous process improvement opportunities
• Ability to anticipate issues and how they impact the team or other stakeholders, and act on them in advance
• Ability to learn quickly and adapt and manage multiple priorities in a rapidly changing dynamic environment
• Emp loy fundamental accounting skills: general ledger, accounts payable, accounts receivable and account reconciliations
Working proficiency and knowledge in Excel, i.e. mining/manipulating data
• Initiative to consistently meet internal and external deadlines
Overtime will be required during critical times
Desired Qualifications:
Oxy is an Equal Opportunity Employer/Individual with Disability/Veteran Status
Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, and its OxyChem subsidiary is a major North American chemical manufacturer. We are one of the largest U.S. oil and gas companies, based on equity market capitalization, with more than 40,000 employees and contractors worldwide.
Our greatest asset has been and will continue to be our people. We are looking for a n experienced and motivated individual to fill the position of Senior NGL Accountant based in Houston, TX.
Reporting to the Marketing Accounting Manager, the Senior NGL Accountantis responsible for actualizing NGL volumes received from pipeline EBBs, our production company and/or 3rd party customers transported to market, placed in storage, and delivered to market along with the management of inventory.
The following are job duties expected of the Senior NGL Accountant:
• Regularly work with a team of 6 accountants to perform monthly volumetric allocations for NGL locations by analyzing statements per location and other transporter reports
• Reconcile transportation invoices to trading system, resolving discrepancies timely to process payment.
• Work with Operations to ensure completeness and accuracy of NGL truck/rail and inventory transactions recorded in the trading system
• Analyze inventory and explain volumetric variances between current month, prior month and accruals
• Proficient in knowledge of inventory valuation (WACOG)
• Provide support and assistance to Front Office Team to research and resolve prior period volumetric discrepancies
• Reconcile actualized volumes per our trading system with our revenue accounting group for equity and 3 rd party and resolve discrepancies in a timely manner
• Collaborate with project team, product control, revenue accounting and Operations to improve processes and provide reliable analysis
• Reconciliation of general ledger accounts for inventory and related costs
• Review and record monthly journal entries to the general ledger for commodity purchases, sales, transportation and fees for accruals and actualized activity
• Gather supporting doc uments and provide explanations for audit request for consolidated and stand-alone financial statements (as applicable)
• Document and update desk procedures for assigned tasks
• Manage Inventory (storage, imbalances and line fill) - calculating wacog and locom
• Review intercompany transactions
• Supporting special projects
• Act as a back up to other desks
Qualifications:
• Bachelor's Degree in Accounting or Finance
• Energy Marketing industry experience (7 years, minimum of 5 years in Natural Gas Liquids)
• Relevant experience with NGL actualizations and inventory valuation (WACOG)
• Experience working in a trading system, Allegro experience a plus.
• Strong ability in managing and processing large quantities of data
• Ability to communicate in a professional manner and establish effective working relationships with internal operations and external customers
• Team-oriented spirit who displays a willingness to help others; and lead by example
• Capacity to maintain an optimistic and positive attitude
• Motivated, self-directed and results-driven approach to work, also takes ownership of assigned tasks
• Ability to research and prepare analysis to respond to internal and external inquiries in a timely, professional and thorough manner
• Creative thinker who can identify processes for continuous process improvement opportunities
• Ability to anticipate issues and how they impact the team or other stakeholders, and act on them in advance
• Ability to learn quickly and adapt and manage multiple priorities in a rapidly changing dynamic environment
• Emp loy fundamental accounting skills: general ledger, accounts payable, accounts receivable and account reconciliations
Working proficiency and knowledge in Excel, i.e. mining/manipulating data
• Initiative to consistently meet internal and external deadlines
Overtime will be required during critical times
Desired Qualifications:
- Allegro Trading System
- SAP Financial software application experience
Oxy is an Equal Opportunity Employer/Individual with Disability/Veteran Status