Crude Volumes Accountant

OXY, Inc.; Houston (TX); On-site; USD 75,000 - 110,000; Full time

Job summary

Oxy in Houston seeks an experienced Crude Volumes Accountant to track crude oil volumes from production or 3rd party customers through storage and to market. You will report to the Crude Marketing Accounting Supervisor and collaborate with operations, revenue accounting, and product control to ensure accurate allocations and timely close.

Responsibilities include monthly volumetric allocations, reconciling invoices, resolving discrepancies with trading and settlements, and maintaining audit data

Qualifications

• Bachelor's degree in accounting or 21+ hours of accounting with a business degree.
• 3+ years in Energy Marketing, with at least 2 years in Crude Oil.
• Experience in a trading system; Horizon experience is a plus.
• Ability to communicate professionally and work with internal operations and external customers.
• Collaborative, proactive, and accountable; strong analytical skills.
• Ability to manage multiple priorities in a fast-changing environment.
• Fundamental accounting skills: GL, AP, AR, and reconciliations.
• Strong Excel data manipulation and data extraction abilities.
• Overtime will be required during critical times.

Responsibilities

• Collaborate with volume accountants to perform monthly volumetric allocations using lease, trucking, and pipeline statements.
• Reconcile transportation invoices to trading system and resolve discrepancies timely.
• Reconcile actualized volumes with revenue accounting for equity and 3rd party purchases.
• Contribute to monthly close and assist in settlements and dispute resolution.
• Create and maintain data for audit in Excel and related software.
• Collaborate with project teams, product control, revenue accounting, and operations to improve processes.
• Support settlements, lease operations, and revenue accounting to resolve prior period discrepancies.
• Analyze trading activity and explain variances month over month and forecast differences.
• Reconcile general ledger accounts for inventory and related costs; record monthly journal entries.
• Assist in testing for new trade system implementations (Horizon and SAP).
• Gather documents and respond to audit requests for consolidated and standalone financial statements.
• Document and update desk procedures for assigned tasks.

Skills

Excel data manipulation

Communication

Collaboration

Self-driven

Deadline orientation

Education

Bachelor's degree in accounting or 21 hours accounting with business degree

Tools

Horizon

SAP

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.

We are looking for an experienced and motivated individual to fill the position of Crude Volumes Accountant based in Houston, TX. Reporting to the Crude Marketing Accounting Supervisor, the Crude Volumes Accountant is responsible for actualizing and tracking crude oil volumes received from our production company and/or 3rd party customers, transported to market, placed in storage, and delivered to market.

The following are job duties expected of the Crude Volumes Accountant:

• Regularly collaborate with a team of volume accountants to perform monthly volumetric allocations by analyzing lease, trucking, pipeline statements, and other transporter reports.
• Reconcile transportation invoices to trading system, resolving discrepancies timely to process payment.
• Reconcile actualized volumes per our trading system with our revenue accounting group for equity and 3rdparty purchases and resolve discrepancies in a timely manner.
• Accountable for contributing to monthly close.
• Assist in customer disputes (pricing/volume).
• Create, enhance, and maintain data for audit (Excel and Software based).
• Collaborate with project team, product control, revenue accounting, and Operations to improve processes and provide reliable analysis.
• Provide support and assistance to the settlements team, lease operations, and revenue accounting to research and resolve prior period volumetric discrepancies.
• Analyze trading activity and explain variances between current month, prior month, and forecasts.
• Reconciliation of general ledger accounts for inventory and related costs.
• Review and record monthly journal entries to the general ledger for commodity transportation and fees for accruals and actualized activity.
• Assist in testing and analysis for new trade system implementation and upgrades (Horizon and SAP ).
• Gather supporting documents and provide explanations for audit requests for consolidated and stand‑alone financial statements (as applicable).
• Document and update desk procedures for assigned tasks.

Required Qualifications

• Bachelor's degree in accounting or minimum of 21 hours of accounting with a business degree.
• Energy Marketing industry experience (3+ years, minimum of 2 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.
• Collaborative 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 knowledge in Excel, i.e., mining/manipulating data.
• Initiative to consistently meet internal and external deadlines.
• Overtime will be required during critical times.

Desired Qualifications

• Knowledge of crude pipelines, lease actualization, and settlement.
• Accounting experience in Energy Supply & Marketing.
• Ability to read tariffs, pipeline statements, and contracts

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.