Crude Settlement Accountant

Occidental Petroleum Corporation; Houston (TX); On-site; USD 75,000 - 110,000; Full time

Job summary

Occidental Petroleum Corporation in Houston seeks a Crude Settlement Accountant to manage monthly settlements and the close process. You will reconcile pipeline volumes, resolve variances, prepare journal vouchers and monthly reconciliations, and collaborate with the volumes, front office and settlements teams.

The ideal candidate has a Bachelor's degree in accounting or finance, 4+ years in Energy Marketing with at least 3 years in Crude Oil, and experience with trading systems (Horizon).

Qualifications

• Bachelor's degree in accounting or finance required.
• 4+ years in Energy Marketing; at least 3 years in Crude Oil.
• Experience with trading systems; Horizon experience a plus.
• Strong communication and ability to work with internal operations and external customers.
• Proactive, team-oriented, and able to manage multiple priorities.
• Proficient in Excel with data mining and manipulation capabilities.
• Ablity to research and analyze variances and respond professionally.

Responsibilities

• Monthly settlement of commodity purchases and sales with internal and external customers.
• Research and analyze aged balances to clear open variances in AR/AP.
• Prepare monthly journal vouchers related to AR, AP, cash, broker and prepaid accounts.
• Prepare monthly account reconciliations and address reconciling items.
• Collaborate with volumes, front office and settlements teams for improvements.
• Create desk procedures and train backups for primary duties.
• Overtime may be required during critical periods.

Skills

Communication

Teamwork

Analytical thinking

Problem solving

Time management

Attention to detail

Adaptability

Excel

Education

Bachelor's degree in accounting or finance

Tools

Horizon

Job description

## Crude Settlement AccountantApply: Houston, Texas: Full time: Posted Yesterday: JR110943Oxy produces, markets and transports oil and natural gas to maximize value and provide resources fundamental to life. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Headquartered in Houston, Oxy primarily operates in the United States, Middle East and North Africa. To learn more, visit OxyOxy strives to attract and retain talented employees by investing in their professional development and providing rewarding opportunities for personal growth. Our goal is to meet the highest employer standards by ensuring the health and safety of our employees, protecting the environment and positively impacting our communities where we do business.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 **Crude Settlement Accountant** based in **Houston, TX**. Reporting to the Marketing Settlements Supervisor, the Crude Settlement Accountant is responsible for monthly customer settlements, monthly close process managed and supported. The following are job duties expected of the Settlement Accountant:* Monthly settlement of commodity purchases and sales with internal and external customers, including resolving discrepancies timely through review of contracts and volume actualization support.* Research and analyze aged balances to clear open variances for AR and AP for assigned settlements. This includes reconciling pipeline volumes, truck ticket details, and run statements to internal and external support.* Clearly document and support recommendations for write-offs.* Prepare monthly journal vouchers related to AR, AP, cash, broker and prepaid accounts* Prepare monthly account reconciliations for AR, AP, Cash, broker, and prepaid accounts, ensuring that reconciling items are addressed timely.* Collaborate with volumes team, front office and settlements team to identify process improvements.* Create desk procedures and proactively assist in training backups for primary duties.* Other duties, as assigned and required. Qualifications:* Bachelor's Degree in accounting or finance* Energy Marketing industry experience (4+ years, minimum of 3 years in Crude Oil)* Some market knowledge of oil lease* Experience working in a trading system, Horizon experience a plus.* 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* 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* Strong working proficiency and intermediate knowledge in Excel, i.e. mining/manipulating data.* Initiative to consistently meet internal and external deadlines* Overtime will be required during critical times.