26-056.P - Property Accountant

Harvest Midstream Company; Houston (TX); On-site; USD 65,000 - 95,000; Full time

Job summary

Harvest Midstream Company is seeking a Property Accountant to handle routine property accounting tasks, including recording capital activity, asset analysis, and support for acquisitions and divestitures. The role involves depreciation, asset retirement obligations, impairments, and journal entries with a focus on accuracy and timely reporting.

The candidate should have at least three years of accounting experience, including one year in property accounting, and a Bachelor’s degree in

Qualifications

• Three years of accounting experience required, with at least one year in property accounting, preferably in oil and gas.
• Strong ability to identify and analyze accounting and financial reporting questions and develop solutions.
• Excellent written and verbal communication skills; ability to present complex financial information clearly.

Responsibilities

• Assist in preparing schedules, journal entries, and analyses for depreciation, asset retirement obligations, and impairment of pipelines and facilities.
• Prepare work papers to support the company's financial statements.
• Record acquisitions and divestitures accounting, including opening PPC balances and purchase price adjustments.
• Assist with audits of annual financial statements and with month/quarter/year-end close.
• Research and prepare journal entries related to inventory and assist with FERC accounting and reporting.

Skills

Property accounting experience

Analytical & problem solving

Communication skills

Education

Bachelor's degree in accounting

Tools

Microsoft Office

SAP

Job description

Job Objective:

Performs routine property accounting tasks including recording capital activity, assisting with asset analysis, and supporting acquisition and divestiture processes.

Essential Job Responsibilities:

• Assists in preparation of schedules, journal entries, and analysis for each of the following aspects of property accounting:
  • Depreciation of pipelines, storage facilities, gas processing facilities and gathering systems, and corporate fixed assets; and
  • Asset retirement obligations associated with pipelines, storage facilities, gas processing facilities and gathering systems; and
  • Impairment of pipelines, storage facilities, gas processing facilities and gathering systems.
• Preparation of work papers to support the company's financial statements.
• Assist in preparation of schedules, journal entries, and analysis for the following aspects of acquisition and divestiture accounting:
  • Record accounting related to acquisitions and divestitures accurately and timely in the Company's ledgers and consolidated financial statements; and
  • Record opening PPC balances and purchase price adjustments related to business combinations.
• Assist with the audits of the annual financial statements.
• Research and prepare journal entries related to inventory.
• Assists Corporate Accounting team with monthly, quarterly, and annual accounting, as needed.
• Contributes to team effort by accomplishing related results, as needed.
• Assist with FERC accounting and reporting and schedules to support FERC Filings.
• Monitor and complete AFEs in a timely manner to ensure all Assets created.

Other Job Responsibilities:

• Demonstrate commitment to company core values - Integrity, Ownership, Urgency, Alignment, and Innovation - in all daily responsibilities and interactions.
• Actively support and contribute to the company's mission and vision through reliable, high-quality work

Qualifications:

• Three years of accounting experience required with a minimum of one (1) year of property accounting experience, preferably in the oil and gas industry.
• Ability to identify and analyze accounting and financial reporting questions and develop solutions responsive to those questions.
• Ability to establish and maintain effective working relationships with employees, supervisors, other departments, officials, and the public.
• Ability to complete multiple, diverse tasks of differing priorities.
• Excellent written and verbal communication skills, with specific ability to translate complex financial information into an organized and presentable manner.
• Outstanding administrative and organizational skills.
• Proficiency in the use and application of the following software:
  • Required: Microsoft Office (Excel, Word, PowerPoint, and Outlook).
• Preferred: Strong working knowledge of SAP

Education Requirements, Certifications, Licenses, and Registrations:

• Bachelor's Degree from an accredited four-year university or college with a concentration in accounting required.