Occidental Petroleum Corporation

Gas & Power Accountant

Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in accounting or finance or minimum of 21 hours of accounting with a business degree
  • Exceptional analytical and organizational skills
  • Strong data management capabilities
  • Effective communication with internal and external stakeholders
  • Collaborative with a positive attitude
  • Self-motivated and results-oriented
  • Ability to adapt and manage multiple priorities in a dynamic environment

Responsibilities

  • Confirm AR/AP invoices with customers and vendors, resolving discrepancies promptly
  • Reconcile counterparty settlements to the trading system for timely payments
  • Assist in resolving pricing and volume disputes with customers
  • Reconcile intercompany volumes and pricing with accounting teams
  • Perform month-end closing procedures and submit timely reports
  • Analyze trading activity and explain month-to-month variances
  • Prepare journal entries adhering to GAAP standards

Benefits

  • Collaborative team environment
  • Opportunity for professional growth and continuous learning
  • Exposure to the energy marketing sector
  • Enhancement of analytical and technical skills
  • Potential for overtime during peak periods
Full Job Description

Our greatest asset has been and will continue to be our people. We are looking for an experienced and motivated individual to fill the position of Gas & Power Accountant based in Houston, TX.

Reporting to the Marketing Accounting Supervisor, the Gas & Power Accountant is responsible of ensuring pipeline and power payments and gas and power settlements invoicing are sent out per contract and that funds are sent and/or received timely and accurately

The following are job duties expected of the Gas & Power Accountant:

  • Confirm monthly AR/AP invoices with our 3rd party Customers and/or Vendors and resolving discrepancies timely
  • Ensure counterparty settlements are reconciled to the trading system and paid on time.
  • Assist in customer disputes (pricing/volume)
  • Reconcile intercompany actualized volumes and pricing per our trading systems with internal accounting teams for equity and resolve discrepancies in a timely manner.
  • Perform month-end closing procedures and submit reports on time in accordance with the department calendar and schedule.
  • Analyze trading activity and explain variances between current month, prior month, and forecasts.
  • Preparation of recurring, standard and adjusting journal entries in accordance with GAAP
  • Collaborate with the financial analysis team for balance sheet and income statement analysis and margin tie-outs
  • Gather supporting documents and provide explanations for audit requests for consolidated and stand-alone financial statements (as applicable).
  • Prepare intercompany reports.
  • Assist in testing and analysis for any new trade system implementations
  • Document and update desk procedures for assigned tasks

Required Qualifications

  • Bachelor’s degree in accounting or finance or a minimum of 21 hours of accounting with a business degree
  • Exceptional analytical and organizational skills
  • Strong ability in managing and processing large quantities of data.
  • Ability to communicate in a professional manner and establish effective working relationships with internal operations and external customers.
  • Collaborative spirit who displays a willingness to help others and lead by example.
  • Capacity to maintain an optimistic and positive attitude.
  • Motivated, self-directed, and results-driven approach to work, also takes ownership of assigned tasks.
  • Ability to research and prepare analysis to respond to internal and external inquiries in a timely, professional, and thorough manner.
  • Creative thinker who can identify processes for continuous process improvement opportunities.
  • Ability to anticipate issues and how they impact the team or other stakeholders, and act on them in advance.
  • Ability to learn quickly and adapt and manage multiple priorities in a rapidly changing dynamic environment.
  • Employ fundamental accounting skills: general ledger, accounts payable, accounts receivable and account reconciliations.
  • Working proficiency and knowledge in Excel, i.e., mining/manipulating data.
  • Initiative to consistently meet internal and external deadlines.
  • Overtime will be required during critical times.

Desired Qualifications

  • SAP software application experience
  • Experience working in a trading system, Horizon and OATI experience a plus.
  • Knowledge of gas and power settlements
  • Energy Marketing industry experience (2+ years)
  • Accounting experience in Energy Supply & Marketing

About Occidental Petroleum Corporation

Occidental Petroleum Corporation Careers

Join the dynamic team at Occidental Petroleum Corporation, a leader in the energy sector, and propel your career to new heights in an environment that fosters innovation, leadership, and professional growth.

Work You’ll Do

At Occidental Petroleum Corporation, we offer more than just job opportunities; we provide a platform for you to make a substantial impact on the future of energy. Our team is at the forefront of developing sustainable and efficient energy solutions, and we invite you to bring your skills and passion to our global mission.

Transform Your Career

Occidental is not just a company; it's a place where you can shape your future and the future of the planet. Our diverse and inclusive culture welcomes professionals from all backgrounds to contribute to our collective success. With Occidental, you will lead projects that matter, from groundbreaking CO2 reduction initiatives to innovative energy production techniques.

Innovative Work Environment

Join a team of over 11,000 dedicated professionals who are pushing the boundaries of what's possible in the energy sector. At Occidental, innovation is at the core of everything we do. We are committed to providing our employees with the tools and freedom they need to innovate, from advanced technology platforms to collaborative workspaces.

Career Development and Growth

Occidental believes in nurturing its talent with robust training programs, leadership development opportunities, and comprehensive benefits to ensure every team member can achieve their career aspirations. Whether you are looking for a challenging internship, aiming to grow into a leadership position, or seeking to specialize in a technical discipline, Occidental offers a path to success.

Explore Job Opportunities and Internships

Whether you're a seasoned professional or a recent graduate, Occidental has a variety of positions to match your skills and interests. From engineering to finance, and from environmental science to supply chain management, explore the numerous career paths available at Occidental.

Networking and Professional Development

At Occidental, networking and professional development are part of our DNA. We encourage our employees to engage in internal and external networking events, participate in industry conferences, and take advantage of our comprehensive diversity training programs. These opportunities not only enhance your professional skills but also expand your career horizons.

Join Our Team

Search open positions that align with your skills and interests. We are looking for passionate, curious, and solution-driven team players ready to make a difference. Prepare your resume, hone your interview skills, and get ready to join a company that values your unique contributions.

Stay Connected

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Occidental Petroleum Corporation—Empowering Energy Innovation

At Occidental, we're more than just an energy company. We're a community of innovators, leaders, and forward-thinkers committed to making a positive impact on the world. Join us and fuel your career with purpose, innovation, and endless opportunities.

Explore Careers at Occidental

Discover the exciting and rewarding career opportunities waiting for you at Occidental Petroleum Corporation. Let your journey begin here.
Learn more about Occidental Petroleum Corporation
Size
11,678 employees
Market Cap
$56.5 billion
Industry
Net Income
-$14.8 billion
Founded
1920
5 Year Trend
+20.7%
Revenue
$17.9 billion
NASDAQ

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