Targa Resources

Senior Property Accounting Analyst

Targa Resources • $75K — $95K *
Tulsa, OK 74133In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting and/or Finance.
  • 3+ years of public and/or corporate accounting experience.
  • Strong knowledge of GAAP and internal controls.
  • Intermediate proficiency in Excel.
  • Excellent verbal and written communication skills.
  • Ability to manage multiple priorities and deadlines efficiently.
  • Experience with an ERP system.

Responsibilities

  • Prepare PP&E Rollforward schedules for various reporting entities.
  • Gather and analyze PP&E cash flow data for accurate treatment.
  • Collaborate with departments on asset retirement and environmental reserve accounting.
  • Prepare quarterly and annual SEC property disclosure footnotes.
  • Ensure adherence to capitalization policies and provide guidance as needed.
  • Conduct monthly account reconciliations for assigned accounts.
  • Identify and recommend solutions for various accounting issues.

Benefits

  • Opportunities for professional development and training.
  • Collaborative work environment with cross-departmental interaction.
  • Potential for overtime pay during busy accounting cycles.
Full Job Description
POSITION SUMMARY:

Targa is currently seeking a Senior Property Accountant for their office located in Houston, TX.

The Senior Property Accountant is responsible for month-end close activities in Property Accounting, including recording activity within the PP&E subledger, billings of capital costs to third parties, and accounting for asset retirement obligations. The candidate must be detail oriented, possess excellent verbal and written communication skills, and work well with others at various levels within the organization. The ideal candidate must also be able to think and work independently, identify issues and present potential solutions.

JOB DUTIES & RESPOSIBILITIES
  • Prepare various PP&E Rollforward schedules for various reporting entities.
  • Actively gather and analyze data for PP&E cash flow tagging to ensure appropriate cash flow statement treatment.
  • Work with other departments to properly account for asset retirement obligations (ARO) and environmental liability reserve obligations.
  • Prepare and review quarterly and annual property disclosure footnotes for public company SEC reporting requirements.
  • Collaborate with teammates to ensure capitalization policies are followed and provide guidance, as necessary to departments outside of accounting.
  • Prepare all assigned monthly account reconciliations.
  • Perform research on various accounting topics as requested and provide recommendations to Management in a clear and concise manner.
  • Collaborate with various stakeholder groups to ensure successful completion of tasks.
  • Maintain desk procedures and SOX documentation for assigned areas.
  • Respond to inquiries from auditors ensuring accuracy and timeliness.
  • Assist with any special projects that may arise.
  • Calculate and invoice expenses for assigned joint venture and joint interest properties, ensuring accurate cost allocation and timely invoicing.
  • Reconcile miscellaneous refund and rebate checks, ensuring accurate recording, proper account allocation, and proper gain/loss recognition.
  • Recognize potential issues and risks and determine plan to mitigate risks.
  • Implement process improvements for company's property accounting function to help improve accuracy and efficiency and to support the company's capital projects.
  • Other duties as assigned.


MINIMUM ESSENTIAL QUALIFICATIONS:
  • Bachelor's degree in Accounting and/or Finance.
  • 3+ years of public accounting and/or corporate accounting experience.
  • Strong knowledge of GAAP and an understanding of internal controls.
  • Proficient in Excel to at least an intermediate level.
  • Thorough attention to detail and proven analytical, critical thinking and problem-solving skills.
  • Excellent verbal and written communication with ability to adjust style depending on audience.
  • Strong planning and organization skills with ability to handle multiple priorities and deadlines and adapt effectively to new and changing environments.
  • Ability to work independently and in a team environment, including with other departments.
  • Regular and reliable attendance with ability and willingness to work overtime, especially during close and billing cycles.
  • Prior use of an ERP system.
  • Regular and reliable attendance.

PREFERRED QUALIFICATIONS:
  • Certified Public Accountant or Masters.
  • Comprehensive knowledge and experience with property/project accounting, cost capitalization, project reimbursable billings, and understanding of financial statements.
  • Experience with Oracle Financials Cloud (OFC) and OneStream.
  • Understanding of ASC 842 and ASC 606.
  • Energy sector experience.

About Targa Resources

Targa is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. They own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. They are primarily engaged in the business of: - gathering, compressing, treating, processing, and selling natural gas - storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters - gathering, storing, and terminaling crude oil - storing, terminaling, and selling refined petroleum products. They believe their growth will be driven by continued organic growth investments across their diversified asset footprint. Their assets are not easily replicated and are strategically located in some of the most attractive basins in the U.S., and interconnected with key NGL markets and logistics centers. Their gathering and processing assets are across multiple shale and natural resource plays, including the Permian Basin, Barnett Shale, Bakken Shale, Eagle Ford Shale, Anadarko Basin, Arkoma Basin, onshore Louisiana and the Gulf of Mexico. They have a leading position at Mont Belvieu, the NGL hub of North America. They have the second largest fractionation ownership position at Mont Belvieu and world class LPG export facilities on the Gulf Coast at their Galena Park Marine Terminal, which is interconnected to Mont Belvieu.

Targa Resources Careers

Join the dynamic team at Targa Resources, a leader in the energy sector, where innovation, leadership, and growth are at the heart of our operations. As one of the most prominent midstream energy operators, Targa Resources offers unparalleled job opportunities for professionals eager to advance their careers in a thriving and supportive environment.

Work You’ll Do

At Targa Resources, you will engage in meaningful work that directly impacts the energy landscape. Our team is committed to excellence and seeks to innovate and lead in every project. With a focus on sustainable and efficient energy solutions, your role will help shape the future of energy.

Explore a World of Opportunities

Whether you're looking for a full-time position or an internship, Targa Resources provides a platform for professional growth and development. Our diverse range of job opportunities in engineering, business development, and project management allows you to find the perfect match for your skills and career ambitions.

Innovate and Lead

Join a company where innovation is the status quo. At Targa Resources, we encourage our team to bring fresh ideas and perspectives to the table. Leadership is cultivated at every level, and we provide the necessary tools and diversity training to ensure you can lead successfully, regardless of your role.

Develop Your Career

Targa Resources is deeply invested in the professional growth of our employees. With comprehensive benefits, competitive compensation, and opportunities for advancement, we support your career journey from the start. Our leadership programs and professional development courses ensure that you have access to the best resources to succeed.

Be Part of Our Team

Our company culture is built on collaboration, respect, and a commitment to excellence. We value diversity and believe it enhances our team’s performance. Targa Resources is not just a company—it’s a community where you can build lasting relationships through networking and team collaboration.

Join Us

If you are driven, curious, and passionate about the energy industry, Targa Resources is the place for you. Explore our current openings and find out how your skills and interests align with our needs. We are actively hiring and looking forward to adding innovative and driven individuals to our team.

Prepare for Your Interview

Ready to join us? Prepare your resume to highlight your relevant experience and skills. Our interview process is designed to understand your capabilities and how they align with our goals at Targa Resources. We seek individuals who are ready to step up and make a difference.

Stay Connected

Keep up to date with the latest news, career tips, and industry insights by joining our career network. Personalize your experience and stay informed about new job opportunities, company news, and professional development tips.

Apply Now

Discover the exciting and rewarding career opportunities at Targa Resources. Visit our Jobs and Careers page to apply and take the first step towards a fulfilling career with us. Your future at Targa Resources is just an application away.

SEARCH TARGA RESOURCES JOBS

Join Targa Resources—where your career is fueled by innovation and growth.
Learn more about Targa Resources
Market Cap
$16.1 billion
Industry
Energy & Utilities
Net Income
-$1.5 billion
Founded
2006
5 Year Trend
+20.4%
Revenue
$8.2 billion
NASDAQ
TRGP
* Ladders Estimates

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