Accountant

3 weeks ago

Houston Texas, Houston, TX, United States Plains Full time

Job Type:

Regular

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.

Position Summary

Position will be responsible for all aspects of ASC 842 lease accounting compliance, including monthly accounting and close, account reconciliation and review, quarterly and year-end consolidated disclosure preparation. Position will interact with the entire financial accounting group, as well as financial reporting, commercial, land management, operations, engineering, and supply chain. Position will report to the Financial Accounting Supervisor.

The selected candidate will be eligible for company benefits including Medical/Dental/Vision, vacation time off, and free parking. Additionally, this position comes with the option of a hybrid work schedule, combining working in our Houston office with working remotely.

Primary Responsibilities

  • Ongoing evaluation of contracts for application of ASC 842 lease accounting

  • Entry and modification of contract terms and conditions in lease accounting system

  • Review and analysis of various contract systems and schedules for ensuring ongoing completeness of lease population

  • Analysis and execution of month-end close of lease accounting system

  • Journal entry preparation

  • Preparation of consolidated lease account reconciliations

  • Preparation of quarter and year-end consolidated lease accounting disclosure schedules

  • Process improvement evaluation and implementation, including use of advanced excel formulas and identification of items for automation via macros

  • Testing design and execution of lease accounting system upgrades and enhancements

  • Assistance with lease evaluation for acquisitions, divestitures, joint venture formations and other large asset-related transactions

  • Various other analysis and reporting for management

  • Support for financial reporting, tax and internal/external auditors

Education and Experience Requirements

  • Accounting degree required

  • CPA preferred

  • 1-3 years of accounting experience required, prefer public accounting experience

  • Technical issues research experience a plus

  • ASC 842 lease accounting experience a plus

  • Midstream oil and gas experience a plus

  • Proficient with Microsoft Office Suite, including advanced Excel skills

  • Oracle R12 or later experience a plus

  • LeaseController system experience a plus

Personal Attributes and Position Requirements

  • Experience handling multiple tasks and managing priorities

  • Ability to identify issues and escalate to Supervisor or Manager for issue resolution

  • Ability to assist in the development of innovative solutions to problems/challenges as they arise

  • Capable of establishing effective working relationships that promote teamwork and collaboration

  • Effective in a dynamic and fast-paced environment, adapting to and managing change in a positive and proactive manner

  • Well-developed analytical skills and self-review experience

  • Self-directed, motivated and results-driven approach to work, with the ability to meet deadlines

  • Ability to assist with strategic development and execution of lease accounting special projects

  • Ability to understand and convey complex information in order to develop a solution or approach

  • Excellent organizational skills and attention to detail

  • Strong communication skills, both written and verbal

  • Effective interaction with individuals at all levels within the organization

  • Cleared criminal history (background) and satisfactory reference checks

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

#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.

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.

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.

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