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 an 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 Accountant is 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 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 3rd 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 documents 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
Required 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
Employ 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 Qualification
Allegro Trading System
SAP Financial software application experience
Relocation: Will not be offered at this time
Occidental does not offer sponsorship of employment-based nonimmigrant visa petitions for this role
Occidental is an Equal Opportunity Employer/Individual with Disability/Veteran Status