Gas/Power Settlement Accountant

Occidental Petroleum

Gas/Power Settlement Accountant00033125



Oxy is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit for more information.

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 Settlement Accountant based in Houston, TX.


Reporting to the Gas/Ngls/Power Marketing Accounting Manager, the Gas/Power Settlement Accountant is responsible for ensuring that invoices 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 Settlement Accountant:

·       Regularly collaborate with a team of accountants to confirm monthly AR/AP invoices for Natural Gas with our 3rd party Customers and/or Vendors and resolving discrepancies timely to ensure timely processing of funds.

·       Management of Power settlements working closely with Power back office/front office personnel.

·       Daily processing of ERCOT payments and payments to other various power customers weekly/monthly

·       Monthly download of transactions (accruals and actuals) from power systems (OATI, XL).

  • Reconcile actualized volumes and pricing per our trading system with our revenue accounting group (inter-company) for equity and resolve discrepancies in a timely manner.

  • Collaborate with project team, product control, revenue accounting and Operations to improve processes and provide reliable analysis.

  • Reconciliation of general ledger accounts for inventory and related costs.

  • Review and record monthly Power journal entries for to the general ledger for purchases, sales, transportation and fees for accruals and actualized activity.

  • Gather supporting documents and provide explanations for audit request for consolidated and stand-alone financial statements (as applicable).

·       Prepare intercompany reports.

  • Document and update desk procedures for assigned tasks.



Required Qualifications

    • Bachelor’s degree in accounting or finance

    • Energy Marketing industry experience (5+ years, minimum of 4 years in Natural Gas)

    • Relevant experience with natural gas settlements

    • Experience working in a trading system, Allegro and/or OATI experience a plus.

    • 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 Qualification

    • SAP software application experience

    • Allegro 8 experience

    • OATI

    Relocation will not be provided.

    Occidental does not offer sponsorship of employment-based nonimmigrant visa petitions for this role.

    Occidental is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, marital status, political preference, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

    Recruitment Fraud

    It has come to our attention various individuals and/or organizations are contacting people falsely pretending to recruit on behalf of Oxy. Please be aware that these recruiting scams and communications do no originate nor are they associated with our recruitment process.

    Oxy does not charge a fee at any stage of the recruiting process. We will never:

    Ask you to pay for applications, interviews, meetings, processing, training or for any other fees

    Use recruiting or placement agencies that charge candidates an advance fee of any kind or

    Request personal information such as passport and bank account details at an early stage of our recruitment process.


      Financial Services/Reporting

    Primary Location

      United States-Texas-Houston





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