Sr. Operational Accounting Analyst
🔍 Houston, Texas
POSITION SUMMARY
Targa Resources Corp., one of the largest independent midstream natural gas companies, has an immediate opening for a Senior Operational Accounting Analyst as part of a newly formed Contract Assessment Team supporting Operational Accounting for both the Gathering & Processing and Logistics & Transportation segments to assess new contracts, model settlements under ASC 606, and provide audit support for a growing Operational Accounting organization.
JOB FUNCTIONS AND KEY RESPONSIBILITIES:
- Contract Assessment/Revenue Recognition:
- Analyze contracts for ASC 606 revenue recognition and review set up in marketing system
- Review first settlement of all new producer settlements, natural gas and NGL marketing contracts for compliance with ASC 606 and contractual pricing terms
- Review selected samples of historical contracts for compliance with ASC 606 and contractual pricing terms
- Understand pricing methodologies and requirements as specified by contract terms and associated counterparty deals
- Analyze contracts for ASC 606 revenue recognition and review set up in marketing system
- Quarterly/Reporting Activities:
- Independently coordinate and provide support for audits with documentation provided by individual accountants or gathered from document repository
- Preparation and calculation of various revenue disclosures including backlog disclosure quarterly for Minimum Volume Commitments, construction reimbursements, etc
- Perform monthly and quarterly SOX controls as required
- Independently coordinate and provide support for audits with documentation provided by individual accountants or gathered from document repository
- Other Activities:
- Provide guidance on the interpretation and set up of contracts from an accounting perspective
- Ad hoc reports and analysis as required
- Possess a high level of systems aptitude in order to run and produce reports, facilitate analytics and reconciliations, etc
- Maintain Operational Accounting Key Spreadsheet Listing and coordinate quarterly updates
- Cross train and develop bench strength within contract assessment team for review of contracts, first revenue, etc
- Provide guidance on the interpretation and set up of contracts from an accounting perspective
MINIMUM ESSENTIAL QUALIFICATIONS:
- Accounting, Finance, Management Information Systems, Economics or related degree
- 5 - 8 years of relevant experience. Familiarity with ASC 606 and ASC 842
- Ability to interact professionally and respectfully with internal and external parties
- Capable of performing in an open office, team-oriented environment
- Possess high degree of accountability and responsibility
- Effective at meeting deadlines
- Capable of adjusting work priorities on short notice
- Regular and reliable attendance
PREFERRED QUALIFICATIONS:
- Accounting degree
- CPA
- ETRM experience such as Allegro, WaterField or RightAngle
- Energy industry experience
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.