Sr Accountant - Pipeline
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- Accounting and Finance
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- Nov 09, 2023 Post Date
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- 2310002923 Requisition #
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Energy Transfer, recognized by Forbes as one of America's best large employers, is dedicated to responsibly and safely delivering America’s energy. We are driven to inspire our employees to create superior value for our customers, our investors, a sustainable future and giving back to the community where we have long-standing commitments to causes including MD Anderson Children’s Cancer Hospital, The Salvation Army, American Heart Association, Ronald McDonald House and many more.
We value all of our employees who make our growth and success possible. We are proud to offer industry leading compensation, comprehensive benefits, 401(k) match with additional profit sharing, PTO and abundant career opportunities.
Come join our award winning 11,000 strong organization as we fuel the world and each other!
Summary:
Seeking a dynamic, professional senior accountant who will be a key part of the Company’s Pipeline Accounting Team. The Crude Pipeline Accounting Team is responsible for over 40 crude oil pipelines and is a critical part of the Company’s Crude Oil business segment. The prospective employee will perform a combination of general accounting and pipeline accounting duties on complex crude pipelines, including revenue recognition and deferred revenue analysis, invoicing and tariff analysis, volumetric reconciliations, and supporting the Partnership’s FERC reporting responsibilities as required. Additionally, the employee may assist with projects related to automation initiatives with our IT and system support teams.
Essential Duties and Responsibilities:
- Prepare pipeline volume accounting, reconciliation and related tariff review for complex crude pipeline assets in an accurate and timely manner
- Demonstrate in-depth understanding of the asset/tariff structure and business drivers of the assigned pipelines
- Perform account reconciliations and analyses to support the accuracy of the general ledger and related sub-ledgers
- Conduct month-end close procedures including preparing journal entries related to transactions in assigned areas necessary for the accurate accounting of the Company’s crude pipeline assets
- Perform variance analysis of actual revenues and volumes against forecast or prior month/quarters for assigned pipelines and communicate insightful financial analysis to management team.
- Communicate with pipeline shippers and other customers about issues and resolve problems, interface with Business Development (BD) and Scheduling groups on new projects and provide control functions for existing business. Demonstrate ability to effectively interact with Management and Operations as it relates to pipeline accounting processes and policies.
- Provide support and analysis, as required, to support the Partnership’s FERC reporting responsibilities
- Coordinate and address requests from corporate (internal and external) and 3rd party Customer, internal and external audits etc.
- Maintain evidence of controls performed to ensure SOX compliance
- Drive for continuous process improvement
- Analyze and document current business processes and collaborate with IT to continuously identify process/system optimization opportunities
- Work directly with subject matter experts to understand the individual needs of the business and communicate the business requirements to IT and other support groups
- Oversee implementation projects from beginning to completion
Requirements:
Education and/or Experience, Knowledge, Skills & Abilities:
To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:
- Bachelor's degree in Accounting
- Experience in Public Accounting commensurate with the job level below
- General ledger experience and strong understanding of accounting principles behind revenue recognition and deferred revenue.
- Strong computer skills and systems knowledge; SAP (Hana) and Synthesis experience a plus
- Must be able to proactively identify financial issues and drive towards solutions
- Ability to work independently with minimal supervision and influence others outside of the department
- Strong written and verbal communication skills
- Must be able to adapt well to rapidly changing priorities and responsibilities
- Proven team player, with the ability to develop and maintain collaborative working relationships, while demonstrating a high level of cooperation and mutual respect
Required experience is commensurate with the selected job level:
- The Specialist/Analyst level requires a Bachelor’s degree and 2-5 years of relevant job related experience
- The Senior Specialist/Analyst level requires a Bachelor’s degree and 5-8 years of relevant job related experience
- The Lead Specialist/Analyst level requires a Bachelor’s degree and 8+ years of relevant job related experience
Preferred Qualifications:
- Midstream Pipeline Accounting Experience preferred
- Experience with data integration and reporting tools preferred
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
- Usually, normal office working conditions.
- Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
- Occasional overnight travel may be required.
- Occasional visits to industrial/manufacturing settings, which may include exposure to various materials and chemicals, as well as extreme temperature conditions and loud machinery, and require appropriate personal protective equipment.
DISCLAIMER: The above statements, which are subject to change, are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
An equal opportunity employer/disability/vet
Energy Transfer is an equal opportunity employer and does not discriminate against qualified applicants on the basis of actual or perceived race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, pregnancy, veteran status, genetic information, citizenship status, or any other basis prohibited by law.
The nature and frequency of the above working conditions and requirements may vary depending on individual operational circumstances. Where feasible, the Partnership will make reasonable accommodations to qualified individuals with disabilities to enable them to perform the essential functions of the job.
DISCLAIMER: The statements listed in this job posting, which are subject to change, are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.