Responsible for assisting with/providing information for financial reporting, both internal and external (FERC and SEC), budgeting and forecasting the Crude Oil Pipeline Operations of the business. This position is also responsible for the management of crude oil accounting operations, including general ledger, revenue, revenue disbursement to joint tariff partners, accounts payable, accounts receivable, accounting for pipeline loss allowances, linefill accounting, committed shipper ship or pay billings, incremental/deficient barrel accounting and inventory transactions.
location: Denver, Colorado
job type: Permanent
salary: $85,000 - 95,000 per year
work hours: 8 to 5
education: Bachelor's degree
experience: 5 Years
- Overall responsibility for the monthly, quarterly and annual accounting processes of crude oil pipelines.
- Pipeline loss allowance/inventory accounting.
- Recording and analysis of oil revenue accounting and cost of sales transactions.
- Monthly distribution of collected revenues to joint tariff partners.
- Accounting of incremental barrel shipments and deficiency under transportation agreements.
- Shipper line fill accounting.
- Familiarity with EIA monthly and annual reporting and requirements.
- Prepare and provide operational analysis to the Assistant Controller of Oil Operations regarding operating results and variances to plan and forecast.
- Review and approve Senior/ Staff Accountant work products (journal entries, account reconciliations, etc)
- Preparation of annual budgets, forecasts, special projects related to crude oil pipelines.
- Provide information for financial and operational internal and external audits.
- Monthly volume reconciliations to ensure proper invoicing; resolution of discrepancies.
- Participate in development of financial information systems as needed.
- Supervise direct report accounting staff.
- Manage the daily accounting functions for all oil operations and ensure compliance with FERC and GAAP accounting.
- Participate in the on-going review of internal controls and annual SOX testing.
- Assist in the training and development of personnel in the understanding of oil pipeline accounting.
- Minimum 5-7 years of experience
- Understanding the accounting and reporting of transactions involving crude oil transportation.
- Must have a fundamental understanding of accounting and financial principles.
- General understanding and demonstrated ability with computerized accounting systems, financial modeling, budgets, operations analysis, and management reporting.
- Strong experience with oil GAAP and FERC accounting.
- Experience building operational accounting, reporting and analysis functions and interfacing with corporate accounting, clear and effective communications.
- Intermediate to Advanced proficiency level in MS Office applications that may include but are not limited to Excel, Word, Access, PowerPoint and Outlook.
WILLING TO RELOCATE THE RIGHT CANDIDATE
skills: $0-50 million
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.