Accountant, Intermediate

Enterprise Products; Houston (TX); On-site; USD 70,000 - 95,000; Full time

Job summary

Enterprise Products Partners L.P. is seeking an Intermediate Accountant to manage revenue accounting for Gas Processing Plants and Gas Gathering Systems in a fast-paced environment.

You will perform monthly allocations, analyze revenue variances, and support external auditors while coordinating with Commercial and Contract Administration teams.

Qualifications

• Bachelor's degree in Accounting or sufficient accounting hours to sit for the CPA exam is required.
• 2-4 years of accounting experience is preferred.
• Midstream oil & gas experience is preferred.
• Experience with TIPS Invoicing Software, Oracle and Business Objects is preferred.
• Proficiency with accounting concepts, financial statements, journal entries, and balance sheets.
• Microsoft Excel for pivot tables, macros, and advanced functions.
• Detail-oriented, organized with strong teamwork and communication skills.
• Ability to learn quickly and manage multiple priorities in a dynamic environment.

Responsibilities

• Perform monthly volumetric allocations, invoicing of revenues and payment of cost of goods sold invoices.
• Read and interpret gas processing and gas gathering contracts to account for revenues and costs.
• Analyze revenue and explain variances month over month and against budget.
• Address customer inquiries and coordinate with Commercial, Contract Administration and auditors.
• Prepare volumetric balancing reports and analytical analyses.
• Reconciling balance sheet accounts related to revenue processes.

Skills

Financial accounting

Excel proficiency

Teamwork

Attention to detail

Effective communication

Education

Bachelor's degree in Accounting

CPA exam eligibility hours

Tools

TIPS Invoicing Software

Oracle

Business Objects

Job description

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

Tap into the professional possibilities of the largest publicly traded energy partnership that features one of the most diversified cash flow streams in the midstream segment of the energy industry. With dynamic career opportunities and a creative and supportive environment, our unique midstream energy organization offers the chance to share and be recognized for your ideas. Join our team and increase your opportunities for success.

The Intermediate Accountant is responsible for revenue accounting activities for Gas Processing Plants and Gas Gathering Systems. Responsibilities include, but are not limited to

• Perform monthly volumetric allocations, invoicing of revenues and/or payment of cost of goods sold invoices.
• Read and understand new and amended gas processing and gas gathering contracts in order to correctly account for all contractual revenues and costs.
• Analyze revenue and explain variances between current month, prior month, and budget.
• Address customer inquiries and work closely with Commercial, Contract Administration, and external auditors. This includes researching and resolving volumetric and pricing discrepancies.
• Prepare various volumetric balancing and analytical reports.
• Perform monthly account reconciliations for balance sheet accounts related to the revenue process.
• Prepare imbalances and reconcile to 3rd party pipeline statements.
• Calculate and record monthly journal entries for revenues, cost of goods sold and/or variable expenses.
• Prepare Gross Margin Reports for use in financial review.
• Maintain documentation of the performance of SOX processes that pertain to assigned area.
• Provide necessary reports and information to Commercial personnel, as needed.
• Accrue and pay various taxes to proper taxing jurisdiction.
• Create or update accounting processes, as appropriate, to improve efficiency and accuracy.

What you will be doing

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Tap into the professional possibilities of the largest publicly traded energy partnership that features one of the most diversified cash flow streams in the midstream segment of the energy industry. With dynamic career opportunities and a creative and supportive environment, our unique midstream energy organization offers the chance to share and be recognized for your ideas. Join our team and increase your opportunities for success.

• Perform monthly volumetric allocations, invoicing of revenues and/or payment of cost of goods sold invoices.
• Read and understand new and amended gas processing and gas gathering contracts in order to correctly account for all contractual revenues and costs.
• Analyze revenue and explain variances between current month, prior month, and budget.
• Address customer inquiries and work closely with Commercial, Contract Administration, and external auditors. This includes researching and resolving volumetric and pricing discrepancies.
• Prepare various volumetric balancing and analytical reports.
• Perform monthly account reconciliations for balance sheet accounts related to the revenue process.
• Prepare imbalances and reconcile to 3rd party pipeline statements.
• Calculate and record monthly journal entries for revenues, cost of goods sold and/or variable expenses.
• Prepare Gross Margin Reports for use in financial review.
• Maintain documentation of the performance of SOX processes that pertain to assigned area.
• Provide necessary reports and information to Commercial personnel, as needed.
• Accrue and pay various taxes to proper taxing jurisdiction.
• Create or update accounting processes, as appropriate, to improve efficiency and accuracy.

What Your Background Should Look Like (minimum Qualifications)

The successful candidate will meet the following qualifications

• Bachelor's degree in Accounting, or enough accounting hours to sit for CPA exam, is required.
• 2-4 years prior work experience in Accounting is preferred.
• Prior working experience within the midstream sector of the oil and gas industry is preferred.
• Prior experience in the use of TIPS Invoicing Software, Oracle, and Business Objects is preferred.
• Proficiency with accounting concepts, such as financial statements, journal entries, and balance sheets.
• Working proficiency and knowledge of Microsoft Excel to create pivot tables, develop macros, and other advanced Excel functions.
• Detailed, organized and self-motivated with strong teamwork skills.
• Ability to learn quickly and adapt and manage multiple priorities in a rapidly changing dynamic environment.
• Effective written and oral communication skills with all levels within the organization.

Primary Location

USA-Texas-Houston

Shift

Day Job

Unposting Date

Ongoing

Job Level

Individual Contributor