Crude Settlement Accountant

OXY, Inc.; Houston (TX); On-site; USD 80,000 - 105,000; Full time

Job summary

Oxy, Inc. in Houston, TX seeks an experienced Crude Settlement Accountant to join our team. The role centers on monthly settlements, close processes and interteam collaboration with volumes, front office and settlements groups.

The ideal candidate holds a Bachelor’s degree in accounting or finance with 4+ years in Energy Marketing, including crude oil exposure. Strong Excel skills and proactive process-improvement mindset are essential.

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.
• Positive attitude and optimistic approach to work.
• Motivated, self-directed and results-driven; 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.
• 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.
• Fundamental accounting skills: general ledger, accounts payable, accounts receivable and account reconciliations.
• Strong working proficiency and intermediate knowledge in Excel, data mining/manipulation.

Responsibilities

• 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.

Skills

Communication

Teamwork

Attention to detail

Analytical thinking

Process improvement

Time management

Multi-tasking

Initiative

Adaptability

Education

Bachelor's degree in accounting or finance

Tools

Horizon

Excel

Job description

Oxy 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 Oxy.

Oxy 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.

All qualified applicants will receive consideration for employment without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by federal, state, or local law.