Crude Oil Settlement Specialist

Houston, Texas, United States

Job Reference 1193090

Location Houston, Texas, United States

Industry Oil & Gas - Offshore Oil

Function Financial & Accounting

Job Type Contract

Date Added August 22, 2023

Airswift is an international workforce solutions provider within the energy, process, and infrastructure industries. Airswift serves as a strategic partner to our clients, offering a turnkey workforce solution to capture and deliver the top talent needed to complete successful projects by aligning with the unique needs of our clients. With over 800 employees and 6,000 contractors operating in over 50 countries, our geographical reach and pool of talent available are unmatched in the industry and the level of experience, exposure, and expertise that the organization has are unparalleled.

Airswift is looking for a Crude Oil Settlements Specialist in Houston, TX to work on 12 months contract with one of our major clients. Hybrid Schedule.


General Responsibilities

The contractor will be responsible for the settlement and invoicing process for the related Oil & Refined Products activities.


Skill Profile: 

  • Bachelor’s degree in Accounting, Finance, or a related field preferred.
  • CPA, CFE, CISA, CIA or other relevant designation is not essential but would be a plus.
  • 2 to 5 years previous experience and deep understanding in oil & refined products back-office activities
  • Domestic Crude and products pipeline and cargo settlement experience preferred.
  • Gas settlement knowledge would be a plus.
  • Experience in the use of accounting system (e.g., SAP) and Microsoft Office as well as with commodities trading risk management (CTRM) software; Endur is preferred.
  • Demonstrable experience in relevant SOX controls
  • Ability to effectively communicate using oral and written skills to all levels of the organization. Exhibit abilities to work within teams with different viewpoints and priorities.
  • Knowledge of commodity contracts is preferred.
  • Experience with indirect taxes is preferred.
  • Strong attention to detail is critical.

Communication Areas:

The position will work with individuals and departments across the organization, primarily the following:
  • Immediate supervisor and colleagues
  • Front Office Trading and Operations departments
  • Credit and Risk department
  • SOX and Operating risk department
  • Accounting team
  • Contracts team
  • Compliance department
  • Internal and External Auditors
  • Colleagues in Europe (ICT Support & Milan Back Office)
  • Market peers

Detailed Responsibilities:

  • Manage commodity settlements, accruals, and the monthly close process.

  • Investigate and resolve daily operational issues (e.g., invoice pricing or volumetric differences) and coordinate with trade operations and risk to make corrections in system as needed.

  • Verify quantity and support agree to commodity contract.

  • Advise/mentor peers on matters involving indirect taxes.

  • Ensure the alignment between Position Keeping System and SAP

  • Ensure all required internal controls are performed in compliance with SOX and Italian law 231, including assisting with annual review of accounting procedures, internal control testing and coordination with auditors and SOX Administrator

  • Participate in the preparation of Key Performance Indicators

  • Comply with all SOX requirements.

  • Assist accounting/treasury team in forecasting.

  • Assist in the reconciliation and analysis of accounting P&L

  • Develop and maintain effective business relationships with constituent staff and management.

  • Adhere to all organizational and professional ethical standards.

  • Other tasks and duties as directed by the Back Office Manager

  • Some overtime may be required during peak work cycles.


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