Accountant - Pipeline

Energy Transfer•Houston, TX

1d•Onsite

About The Position

Energy Transfer, recognized by Forbes as one of America's best large employers, is dedicated to responsibly and safely delivering America’s energy. We are driven to inspire our employees to create superior value for our customers, our investors, a sustainable future and giving back to the community where we have long-standing commitments to causes including MD Anderson Children’s Cancer Hospital, The Salvation Army, The American Red Cross, Ronald McDonald House and many more. We value all of our employees who make our growth and success possible. We are proud to offer industry leading compensation, comprehensive benefits, 401(k) match with additional profit sharing, PTO and abundant career opportunities. Come join our award winning 12,000 strong organization as we fuel the world and each other! Summary: Energy Transfer is looking for a Crude Pipeline Revenue Accountant to join our crude pipeline revenue accounting team in Houston, Texas. We encourage a culture of inquiry by always asking why, transforming data into meaningful information, and leveraging technology to streamline our processes The Crude Pipeline Revenue Accounting Team is responsible for tracking, billing, analyzing, and reporting revenue transactions associated with the gathering and transportation services provided by Energy Transfer’s crude oil pipelines, produced water pipelines and disposal facilities, as well as merchant storage tank facilities. Energy Transfer owns and operates various crude oil trunk pipelines as well as crude oil and produced water gathering pipelines, through Energy Transfer’s wholly owned subsidiaries or joint venture interests. The Crude Pipeline Revenue Accounting team tracks and manages revenue billing, revenue recognition, and revenue collection to ensure compliance with ASC 606 GAAP accounting standards and provides critical accounting support, including but not limited to revenue contract review, tariff analysis, volumetric reconciliations, and financial statement variance analysis to support the operations of the crude oil business segment. In addition, the team manages the detailed revenue accounting and pipeline volumetric records to suffice various revenue disclosure requirements and to support timely and accurate reporting of revenue to the Securities Exchange Commission (SEC), Federal Energy Regulatory Commission (FERC), and our joint venture partners.

Requirements

Education: Bachelor's degree in accounting/finance required
Experience: 2-5 years
Detail-oriented with a strong analytical mindset
Proven team player with the ability to develop and maintain collaborative working relationships, while demonstrating a high level of cooperation and mutual respect
Effective written and verbal communication skills
Able to adapt to rapidly changing priorities and responsibilities
Sound understanding of General Accepted Accounting Principles (GAAP)
Proficiency with Microsoft Excel, Word, Outlook, and PowerPoint
Comfortable with organizing and analyzing financial and volumetric data to explain variances, along with reviewing revenue contracts to interpret and analyze the financial requirements

Nice To Haves

Prior knowledge and experience with SAP, Synthesis, Power BI, and Alteryx system is a plus
Self-motivated to achieve individual and team goals, while striving to be a role model for junior members and strengthening productive relationships with the team
Proactively identifies internal and external training and development opportunities to expand technical business knowledge
Strong interest in learning and applying new technology systems/applications to streamline processes and improve efficiency

Responsibilities

Ensures the integrity of financial data by preparing journal entries, account reconciliations, and leveraging technical accounting skills to analyze trends in P&L and balance sheet accounts while identifying opportunities for process improvements through innovative solutions for more complex assets
Conduct financial variance analysis, comparing actual revenues and volumes against prior periods to identify and explain trends and anomalies behind the variances
Apply and adhere to pre-established best practice to manage all aspects of the monthly revenue billing, revenue recognition, and subsequent cash collection process to ensure accounting accuracy and completeness
Review and analyze revenue contracts and tariffs pertaining to assigned assets to ensure accurate application of the revenue accounting recognition standards (ASC 606)
Support the execution of quarterly financial and SOX audits to ensure compliance and accuracy
Proactively takes on a significant role and increases ownership in accounting system, process enhancements, and data transformation projects, driving adoption of new features and functionalities to optimize team performance
Collaborate with team members and actively participate in accounting system, process automation, and data transformation projects, driving adoption of new features and functionalities to optimize team performance
Identify issues independently and proactively and develop actionable recommendations and collaborate on implementation of the solution for internal and external customers
Prepare supporting files for FERC/SEC quarterly and annual reporting deliverables