About the job Midstream Accountant Salary: $ 101,500.00We have partnered with a large Oil and Gas company in The Woodlands, TX area to provide them with a Midstream Accountant. Please review the below description and let us know if you are interested.Prioritized Must Have Skills for the Midstream Accountant:#1. 10+ years of specific midstream operations (gas plant) accounting experience.#2. Either TIPS or W Energy (Waterfield) experience required (preferably W Energy).#3. In-depth understanding of midstream allocation and settlement processes.#4. Experience with how to apply producer gathering and processing contract terms and physical flow implications. #5. Variance analysis experience at the margin level (revenues, cost of product, imbalances, ASC 606).#6. Experience with allocations and producer settlements.Responsibilities of the Midstream Accountant:This role will collaborate with producers, commercial development, and operations to account for midstream producer allocations and settlements. The ideal candidate will have a strong understanding of accounting principles and procedures, as well as experience in the midstream sector. The successful candidate will be responsible for preparing financial reports, managing accounts payable and receivable, and performing SOX controls.
- Perform plant allocations and producer settlements for midstream assets.
- Record revenues, cost of product, and revenue recognition entries related to assigned assets.
- Prepare operational summaries (financials) which capture revenues, cost of product, volumes, pricing, operating expenses, and variance explanations.
- Prepare necessary journal entries and account reconciliations.
- Work closely with operations and commercial development to stay informed of physical flow changes and contract changes related to assigned assets.
- Review contracts to be sure all revenues and costs are being accounted for correctly.
- Prepare various monthly plant settlement reports and regulatory reports.
- Assist with internal and external customer inquiries, including auditors and producers.
Requirements of the Midstream Accountant:
- Bachelor degree in Accounting, Finance or Business administration
- Have strong analytical and research skills, attention to detail, ability to multitask and work towards tight deadlines;
- Ability to interact and use influencing skills effectively with all levels of the organization, as well as with external representatives;
- Have flexible work attitude and ability to successfully manage changing priorities;
- Have knowledge and understanding of midstream accounting;
- Have strong verbal and written communication skills and ability to interact with employees and managers across the organization, as well as with external auditors and producers;
- 5-6 years of previous accounting experience.
Other Key Requirements:
- Travel Requirements: 0-10%.
- This position follows a hybrid schedule working in office Monday, Tuesday, Thursday and working remote Wednesday and Friday. Monday-Thursday are 9 hours and Fridays are 4 hours.
- No sponsorships or visa holders.
Benefits of the Midstream Accountant:
- Medical Insurance
- Dental Insurance
- Retirement Plans
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