Senior Fixed Asset Accountant Job in Houston 77002, Texas Us
Basic Function:
This position will oversee and perform all fixed asset accounting functions for two salt dome storage facilities. In addition, this role will support the month end close process and financial reporting.
Essential Duties and Responsibilities:
Fixed Asset Accounting
Responsible for placing all new fixed assets into service within the accounting system
o Communicate with the project team and field operations to determine appropriate break out of assets based on useful life, FERC codes and tax requirements
o Review and validate depreciation calculations
o Manage master asset listing
Set up new projects and funding within PeopleSoft
Maintain master account coding plan and train team members as needed
Review account coding on requisitions to ensure coding is sufficient for asset management
Monitor all capital project expenditures
o Track actual costs against budget and authorized funding amounts
o Validate account coding on all transactions
o Validate interest, allocations and labor charges
Prepare monthly financial package for project team, field operations and senior management
Reconcile property, plant equipment balance sheet accounts
Stay abreast of asset retirements and retire assets from asset management as needed
General Ledger Accounting
Analyze and book monthly revenue and expense journals
Reconcile operating margins
Review monthly financial results and explain budget variances
Assist with annual budget preparation
Assist with regulatory reporting
Education and Experience:
Bachelor’s degree in Accounting or Finance
5-7 years accounting experience in the energy industry
Fixed asset accounting experience
Advanced Microsoft Excel skills
Working experience with Peoplesoft
Ability to communicate clearly orally and in writing
Organized and able to handle multiple priorities
Attention to detail and ability to see the bigger picture
Strong self initiative