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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.
Essential Duties and 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
Key Attributes- Consistently fulfills commitments, maintains transparency, and meets deadlines
- Works well in a fast-paced, dynamic environment, responding to change with professionalism and a positive solution-oriented attitude
- Demonstrate personal accountability and ownership to identify and address issues with minimal oversight, and assist in implementing innovative solutions for process improvement
- Embraces and adapts to changes with enthusiasm, contributing to a culture of innovation and efficiency
- Takes initiative to learn various systems and processes
- Assumes personal ownership of development and learning
- Exhibits a strong sense of ownership and resolves issues, including coordinating with other teams/functions as needed and communicates effectively
- Cultivates and maintains productive relationships with internal counterparties to enhance process improvements that are in the best interest of the company
- Navigates stressful situations professionally, aiming for optimal outcomes
- Accepts feedback professionally and translates it into positive changes in behavior and performance
Requirements:Education and/or Experience, Knowledge, Skills & Abilities:To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:
- Education: Bachelor's degree in accounting/finance required
- Experience: 0-2 years
- Required Skills:
- 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
Technical Skills:- 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
Preferred Qualifications:- 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
Required experience is commensurate with the selected job level:- The Associate Specialist/Analyst level requires a Bachelors degree and 0-2 years of relevant job related experience
- The Specialist/Analyst level requires a Bachelor's degree and 2-5 years of relevant job related experience
- The Senior Specialist/Analyst level requires a Bachelor's degree and 5-8 years of relevant job related experience
Working Conditions:The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
- Usually, normal office working conditions.
- Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
- Occasional overnight travel may be required.
- Occasional visits to industrial/manufacturing settings, which may include exposure to various materials and chemicals, as well as extreme temperature conditions and loud machinery, and require appropriate personal protective equipment.
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