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Occidental Petroleum Supv Accounting in Houston, Texas

Title: Supv Accounting Location: United States-Texas-Houston Other Locations:


Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, and its OxyChem subsidiary is a major North American chemical manufacturer. We are one of the largest U.S. oil and gas companies, based on equity market capitalization, with more than 40,000 employees and contractors worldwide.

Reporting to the Marketing Accounting Manager and based in Houston, Texas, the Marketing Settlement Accounting Supervisor will hold a highly visible position within the company and will assist the Accounting Manager to execute the accurate and timely reporting of accounting tasks and reporting. The Marketing Settlement Accounting Supervisor will build an established team with responsibility over the day-to-day cash settlements and general accounting processes for the marketing businesses in the United States.

We are searching for an experienced candidate with strong interpersonal skills who is a hands-on leader. The candidate should be, highly organized in order to lead a strong team in meeting deadlines, and is technologically savvy to advise on financial accounting system design requirements.

The following are job duties expected of the Marketing Settlement Accounting Supervisor:

  • Supervise, train, and develop a 7 person team specializing in commodity settlements;

  • Cultivate a strong team culture within the group to encourage collaboration;

  • Review and approve counterparty settlements per month for the purchase/sale of commodities, broker settlements, misc. fees, and SG&A payments for Singapore office;

  • Review monthly/daily cash forecasts and identify ways to improve accuracy of our 3 month forecast;

  • Provide working capital variance explanations to treasury weekly, or as needed;

  • Assist team in research and settlement of aged receivables and payables;

  • Perform month-end closing procedures and submit reports on-time in accordance with the department calendar and schedule;

  • Preparation and posting of recurring, standard and adjusting journal entries in accordance with GAAP;

  • Review, approve, and understand account reconciliations ensuring that reconciling items are addressed timely;

  • Create measurable metrics within the settlements team to hold staff accountable for their assigned tasks;

  • Assist with ad hoc reports and special assignments when needed (i.e., bankruptcy review, system implementation (Allegro 8, SAP);

  • Provide assistance to regulatory group and legal to assist with any royalty audits and legal matters;

  • Provide assistance to the analysis team for audit and tax requests (internal and external);

  • Manage relationships with and regularly provide support to front office, mid office, revenue accounting, credit, treasury and volumes actualization team.


  • Bachelor’s degree in Accounting/Finance with at least 21 hours of accounting

  • Energy Marketing industry experience (10 years)

  • Relevant experience as a Settlements Supervisor (5 years)

  • Exceptional analytical and organizational skills

  • Highly motivated and has the ability to manage, motivate, and develop a large team to ensure deadlines are met

  • Efficiently delegates tasks and manages work allocation amongst team to ensure deadlines are met.

  • Capacity to maintain an optimistic and positive attitude through adversity

  • Team-oriented spirit who displays a willingness to help others within the organization as a whole.

  • Motivated, self-directed and results-driven approach to work, also takes ownership of assigned tasks

  • Strong communication skills

  • Creative thinker who can identify processes for continuous process improvement opportunities

  • Strong decision-making skills who can independently solve problems for his/her team.

  • Ability to anticipate issues and how they impact the team or other stakeholders, and act on them in advance

  • Employ fundamental accounting skills: general ledger, accounts payable, accounts receivable and account reconciliations

  • Demonstrated ability to streamline and improve processes.

  • Working proficiency and knowledge in Excel, i.e. mining/manipulating data.

  • Quick learner who is enthusiastic about using technology and is tech-savvy.

  • Overtime will be required during critical times

Desired Qualifications:

  • Oracle Financial software application experience

  • Experience using a trading system, Allegro 8 experience a plus

  • Experience with modeling and/or creating macros a plus.

  • Experience with Access databases

    Oxy is an Equal Opportunity Employer/Individual with Disability/Veteran Status