Settlement Accountant

Job Type:

Regular

Plains is an industry-leading transportation and midstream provider specializing in transportation, storage, processing and marketing solutions for crude oil. We own an extensive network of pipeline transportation, terminalling, storage and gathering assets in key oil producing basins and transportation corridors and at major market hubs in the United States and Canada. The company is headquartered in Houston, Texas.

 

We’re on the lookout for passionate self‑starters who thrive in fast‑moving, collaborative, and innovative environments.

Background

Work closely with co-workers, supervisor, and senior manager to account for settlement of Plains Marketing L.P.’s barrel movements.

Essential Functions

• Preparation of Settlement Confirmation Schedules by updating internal database

• Utilize Settlement Confirmation Schedules to communicate amounts due from and due to

• customers assigned, and confirm the netting position

• Identify and follow up on discrepancies with customers and forward to Contracts or Crude Oil

• Accounting department

• Communicate volume and price information that may require accruals be made by Crude Oil

• Accounting department

• Reconcile confirmed net amounts with the Master Reconciliation

• Reconcile aged accounts receivable/trade accounts payable for assigned customers

• Update Control Log to identify discrepancies in a timely manner

• Distribute sales invoices and royalty check detail to assigned accountants

• Update crude oil prices and gravity in an accurate and timely manner

• Obtain documents requested by auditors

• Prepare related party disclosure schedules

• Maintain procedural documentation on a current basis

• Be willing to work overtime during the monthly close

• Work with minimal supervision in all aspects of job

Requirements

• Accounting/Auditing or Finance degree required. Knowledge and understanding of crude oil business is helpful.

• Excellent interpersonal and communication skills. Ability to effectively communicate orally an in writing with all levels of management.

• Team player and responsible individual who takes initiative/ownership in all areas of work.

• Knowledge of Microsoft Excel and Word required.

• Cleared criminal history (background) and satisfactory reference check.

• Compliance with the Company’s drug and alcohol policy including pre-employment D&A testing.

• This position is not eligible for employment-based visa sponsorship. Applicants must be authorized to work in the U.S. for the duration of their employment.

#Plains

At Plains, our employees are our most valuable asset. Hard work is rewarded with competitive compensation and a top-tier benefits program designed to keep our employees safe, healthy and happy. We work hard to deliver the best results to our stakeholders, and we also respect our employees' need for personal and family time, which is reflected in our benefits program.

 

We are proud to be an Equal Opportunity Employer. We are committed to providing employment opportunities to all qualified individuals, without regard to age, race, color, national or ethnic origin, religion, sex, sexual orientation, gender identity or expression, veteran status, genetic information, disability, or any other characteristic protected by federal, state, or local law. Applicants with disabilities can request accessible formats, communication supports, or other accessibility assistance by contacting [email protected].

 

Salary details estimated by job boards such as Indeed, Glassdoor, and LinkedIn do not represent Plains’ compensation structure. We thank all candidates for their interest; however, only those selected for an interview will be contacted. 

 

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