Crude Settlement Accountant

Occidental Petroleum Corporation; United States; On-site; USD 75,000 - 110,000; Full time

Job summary

Occidental Petroleum Corporation seeks an experienced Crude Settlement Accountant in Houston, TX. You will handle monthly settlements for crude purchases and sales, manage reconciliations, and support the close process with internal and external stakeholders.

You will collaborate with the volumes, front office and settlements teams to identify process improvements, document procedures and mentor backups during critical periods.

Qualifications

• Bachelor's degree in accounting or finance required.
• 4+ years in Energy Marketing with at least 3 years in Crude Oil.
• Experience with trading systems and Excel data analysis.

Responsibilities

• Monthly settlement of commodity purchases and sales with customers.
• Prepare monthly journal vouchers for AR, AP, cash and prepaid accounts.
• Prepare account reconciliations and resolve variances promptly.
• Collaborate with volumes, front office and settlements teams on improvements.
• Document desk procedures and assist in training backups.

Skills

Analytical skills

Advanced Excel

Communication

Teamwork

Education

Bachelor's Degree in accounting or finance

Tools

Horizon trading system

Excel

Job description

Company Overview

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.

Location & Role

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.

Key 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.

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.

Equal‑Opportunity Statement

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.

Company Culture & Vision

Oxy has bold ambitions to achieve net zero and help others do the same. To get there, we’ll need great minds ready to unleash big ideas, strong leaders ready to inspire and team players ready to make it happen.

Oxy produces energy and essential products to sustain and improve life on our planet. Our experienced teams, located in the United States, Middle East and Africa, are committed to safe and efficient operations and products, and to reducing our carbon footprint and helping others do the same. We are busy developing the big ideas and broad solutions we will need to achieve net zero. Every day, we get closer. And we won’t stop until we’re there.