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Accountant I

Company: Plains All American Pipeline
Location: Houston
Posted on: June 12, 2021

Job Description:

Plains All American is an industry-leading transportation and midstream provider specializing in transportation, storage, processing and marketing solutions for crude oil and natural gas liquids (NGLs). We own an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, Plains handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. The company is headquartered in Houston, Texas.

We are looking for highly-motivated individuals who enjoy working as part of a team in a dynamic and entrepreneurial work environment.

Job Purpose/Summary

The Accountant I will be responsible for accounting close duties, state reporting, and providing customer service to internal and external customers. The accountant will be working closely with other departments to insure accurate and timely royalty payments. The accountant will need to demonstrate strong problem solving, organization, communication, and collaboration skills.

Job Responsibilities:

  • Coordinate escheat process with the Law, IT, and Division Order Departments
  • Research and coordinate resolution on inquiries from Marketing, Division Order, Crude Oil Accounting, Net Outs and outside entities on revenue and royalty issues
  • Prepare daily and monthly balancing of crude oil system to royalty system
  • Respond to operator and owner inquiries
  • Reconcile and process gas payments received from operators
  • Coordinate lease set up with Marketing and Division Order Departments
  • Appropriately handle prior period adjustments to ensure accurate payment(s)
  • Close monthly payable ledgers
  • Research and reconcile outstanding items for general ledger account reconciliations; prepare journal entries as required
  • Evaluate and input tax reserves into the system monthly
  • Evaluate operator requests for tax reserve deductions and calculate prior month deductions
  • Analyze and process part interest turn around documents received from operators monthly
  • Prepare ad hoc reports and perform analyses as requested by management
  • Coordinate special projects as assigned by supervisor
  • Provide and update documented desk procedures; participate and successfully perform cross training within department

Knowledge, Skills, and Experience Required:

  • Bachelor's Degree in Accounting or Finance required
  • Must be detail oriented and possess the ability to stay organized
  • Must interact effectively with others in a team environment while maintaining a professional and positive attitude
  • Must be a self-starter and able to work independently with minimal supervision
  • Ability to meet strict deadlines
  • Advanced excel skills required
  • Prefer experience with VBA, process automation, and/or RPA

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 thank all candidates for their interest; however, only those selected for an interview will be contacted.

By submitting your resume, you consent to the collection, use and necessary disclosure of the personal information provided during the application and selection process. Learn more.

Keywords: Plains All American Pipeline, Houston , Accountant I, Other , Houston, Texas

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