Staff Accountant, Operational Accounting

#WeAreONEOK – Fortune 500 company. 100+ years in business. Leading midstream service provider. Safety first. Sustainable operations. Environmentally responsible. Employee focused.

JOB SUMMARY

ONEOK is looking for a Staff Accountant that will perform as an operational accountant in the Refined Products and Crude business segment. 

Responsibilities will include:

- Revenue Recognition: Monitor revenue streams from storage fees, throughput tariffs, and other sources, ensuring accurate and timely recognition in accordance with accounting standards.

- Inventory Management: Coordinate with operations teams to reconcile inventory records, track movements of petroleum products.

- Administer revenue contracts including tariff billing, terminalling and ancillary services.

- Perform financial closing procedures, variance analysis, and balance sheet account analysis.

- Prepare balance sheet account reconciliations to ensure account balances are correct and adequately supported.

- Actively engage with internal customers, developing strong relationships with commercial to better understand and anticipate business needs.

- Compliance and Audit: Assist in ensuring compliance with regulatory requirements and internal controls and support external audits by providing documentation and explanations as needed.

- Process Improvement: Identify opportunities for process improvements in financial operations, develop recommendations, and assist in implementing changes to enhance efficiency and accuracy.

- Cross-Functional Collaboration: Collaborate with various departments, including operations, supply chain, and risk management, to gather relevant financial information and support business initiatives.

This Staff Accountant will be expected to work within a diverse and inclusive team culture to deliver high standards of service, quality, and value to achieve business results. You will work closely with the finance team to ensure accurate recording, reporting, and analysis of financial data related to our operations. This position offers an excellent opportunity for growth and advancement in the dynamic energy industry.

This position is hybrid to our corporate office in Tulsa, OK.

Job Profile Summary

Performs routine duties related to various accounting functions.

Essential Functions and Responsibilities

• Prepare various journal entries, records, regulatory reports, and budget information

• Performs accounting functions related to customer accounting and accounts receivable reconciliations

• Assist with preparation of tax returns and supporting tax calculations

• Verify and/or perform calculations including, but not limited to:

  • Ratios

  • Percentages and discounts

  • Depreciation

  • Allocations

  • Account charges

  • Financial ratios

• Utilize applicable micro and/or mainframe applications to assist with preparation and/or verification of information including, but not limited to:

  • Forecasted versus actual expenses

  • Governmental/regulatory reports

  • Financial reports

  • Quarterly income statements

  • Corporate tax returns

• Provide information and assistance to auditors, governmental/regulatory staff, managers, employees, customers, and others concerning accounting activities

Education

• Bachelor's Degree in accounting, finance, other related field, or an equivalent combination of formal education and the following job related experience:

Work Experience

• Experience in use and function of office equipment including computers and applicable software

Knowledge, Skills and Abilities

• Knowledge of: standard accounting methods and procedures

• Knowledge of: spreadsheet and word processing software applications, financial accounting and reporting standards and processes, corporate tax functions and preparation of returns, economic forecasting/modeling and corporate budget functions

• Ability to: apply math and algebraic formulas

• Skills in: communication/interpersonal

• Ability to: perform various accounting activities

• Ability to: research and compose reports and correspondence applicable to position

• Ability to: read and interpret governmental regulations, accounting/tax publications, auditors’ requests, company correspondence, accounting software manuals, computer printouts, and legal documents

• Ability to: communicate and/or exchange information or instruction

• Ability to: interact and communicate ef