Lead Pipeline Accountant

Accounting and Finance
1910001832 Requisition #
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Energy Transfer, L.P. (NYSE: ET) is a master limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, ET owns and operates a geographically diverse portfolio of complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminaling assets; NGL fractionation; and various acquisition and marketing assets.


Energy Transfer is seeking a Lead Accountant who will be a key part of the Company’s Crude Pipeline Accounting Team.  The Crude Pipeline Accounting Team is responsible for revenue billing functions for all crude oil pipeline assets as well as merchant tank facilities, and provides critical finance support to the Company’s Crude 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, financial statement variance analysis, and supporting FERC reporting responsibilities as required.


Essential Duties and Responsibilities:

  • Provide technical oversight of the analysis and entries prepared by staff members
  • Lead complex accounting projects
  • Prepare & review 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 pipeline assets
  • 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 financial results and volumetric data 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 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 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
  • Proactively seek opportunities to streamline process and enhance controls.
  • Provide support with system implementation.
  • Proactively investigate and resolve ticket, volumes and revenue problems during the month before month-end close
  • Ability to interpret tariffs and complex contracts to determine and apply the appropriate accounting and control practices.
  • Other duties and responsibilities as assigned


Education and/or Experience, Knowledge, Skills & Abilities:

  • Bachelor in Accounting or Business/Finance
  • A minimum of 8+ years’ experience in accounting; Midstream Pipeline Accounting Experience preferred
  • General ledger experience and strong understanding of accounting principles behind revenue recognition and deferred revenue.
  • Advanced Excel skills and systems knowledge; SAP 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; ability to work well in a fast paced and growing environment
  • Proven team player, with the ability to develop and maintain collaborative working relationships, while demonstrating a high level of cooperation and mutual respect
  • Strong work ethic and a positive can-do attitude
  • Ability to identify and solve moderately complex problems and articulate proposed solutions across a broader spectrum of issues.
  • Ability to build and maintain strong relationships with a wide range of stakeholders including managers, team members, and customers
  • Serve as a key resource for training and mentoring other accounting team members
  • Prior experience in a leadership function strongly preferred
  • Identify and drive implementation of process improvement opportunities
  • Lead peers in various projects; participate in department process improvement initiatives

Working Conditions:

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.

Equal Opportunity Employer/Disability/Vet

DISCLAIMER: The above statements, which are subject to change, are intended to describe the general nature and level of work being performed by personnel assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel in the assigned position.


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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. To view a notice describing federal equal opportunity and pay transparency laws, please click here.

If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application process, please contact the EEO Coordinator at 713-989-2247. This number is for reasonable accommodation requests only.


Energy Transfer participates in the E-Verify program.