What are the responsibilities and job description for the 26-218.E - Revenue Plant Accountant - Sr. position at Hilcorp?
Perform full cycle gas pipeline and gas plant accounting for assigned asset
Essential Job Responsibilities
Essential Job Responsibilities
- Perform monthly plant accounting close, including journal entries, accruals, and account reconciliations
- Analyze and process plant statements (e.g., POP, Keep-Whole, Fee-Based)
- Reconcile inlet vs. outlet volumes, including residue gas, NGLs, fuel usage, and shrink
- Calculate and validate net residue MMBtu and NGL gallons for revenue recognition
- Account for and track plant fuel, compression fuel, and lost & unaccounted for (L&U) volumes
- Support revenue recognition for gas sales, NGL sales, and processing fees in accordance with contracts
- Perform imbalance accounting, including tracking over/under-deliveries by producer or customer
- Review and validate component settlement calculations (ethane, propane, butane, etc.)
- Partner with Commercial and Operations teams to interpret contract terms and resolve discrepancies
- Investigate and explain volume and revenue variances month-over-month
- Assist with system inputs and allocations in systems such as Quorum, TIPS, or similar
- Maintain pricing and other rate scale escalations in TIPS
- Reviews cash application on a monthly basis.
- Expert in revenue recognition regulations.
- Processing prior period adjustments.
- Prepares monthly variance analysis and explains fluctuations.
- Performs special projects that require advanced knowledge of midstream revenue accounting as needed.
- Leads period closing activities, including preparation and review of flux analysis.
- Participates in audits and in inquiries from other functions and/or outside parties.
- Maintains technical knowledge by completing technical training, review of industry publications, and relevant guidance.
- Provide training and guidance to junior staff and new staff on complex processes.
- Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation.
- Supports company vision and mission.
- Adheres to established work schedule, attendance standards and is punctual to work and meetings.
- Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential.
- Contributes to team effort by accomplishing related results as needed.
- Independently completes complex special projects in additional to routine task as assigned by management.
- Eight (8) years minimum experience in midstream revenue accounting.
- Strong understanding of:
- Gas measurement (MCF, MMBtu, gallons)
- POP, Keep-Whole, and Fee-Based contracts
- Shrink, fuel, and plant recoveries
- Experience with plant statements and volume reconciliation
- Ability to proactively identify and solve complex problems with little assistance or guidance.
- Ability to solve problems accurately and exhibit exceptional proficiency in data management, including spreadsheet proficiency.
- Ability to establish and maintain effective working relationships with employees, managers of other departments, officials, and the public.
- Ability to complete multiple, diverse tasks of differing priorities.
- Very familiar with integration between division orders, marketing production accounting, transportation and POP fees.
- Outstanding administrative and organizational skills.
- Excellent written and verbal communication skills, with specific ability to translate complex operational information into an organized and presentable manner.
- Proficiency in ERP/accounting systems (e.g., SAP PRA) and midstream systems (e.g., Quorum TIPS)
- Advanced Excel skills (pivot tables, lookups, large data sets)
- Bachelor’s Degree from an accredited four-year university or college with a degree in accounting and equivalent experience.