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Property Staff Accountant II (Hybrid Schedule)

Buckeye Partners L.P.
United States, Texas, Houston
June 24, 2022


Founded in 1886, Buckeye Partners, L.P. has a proven track record of stability and success. We pride ourselves on the laser focus we apply to safely providing service and value to our customers, operating under a strong set of values, and empowering our employees to make decisions. We have a tenacious commitment to environmental responsibility and regulatory compliance in all that we do.

It is our internal culture that sets us apart from other companies. Our goal is to provide our employees with a greater span of responsibility, the ability to make decisions, and access to experts to help you build your skills and experiences. Each of our career tracks provides employees with the ability to innovate, and be a significant contributor from their first day on the job.

Buckeye Partners is currently seeking a Property Accountant with experience in fixed assets and lease accounting to join our team!

Role Summary:

The Property (Staff) Accountant II role is responsible for supporting the Property Accounting function by maintaining of records and accounts of all company fixed assets and operating leases and ensuring that all balances are properly reflected in Buckeye's financial statements, in addition to participating in other accounting projects as assigned.

Essential Duties & Responsibilities include:

  • Leases:

    • Prepare initial lease assessment for new leases (Finance/Operating/Leaseback) including recognition and evaluation of all lease terms
    • Evaluate the accounting impact of new, amended, reassessed, and terminated leases

  • General Ledger: Responsible for monthly/quarterly close procedures, such as preparing journal entries as well as:

    • Recording assets in general ledger in compliance with GAAP
    • Recording any changes in property plant and equipment schedules
    • Preparing monthly reconciliations
    • Preparing monthly and quarterly financial packages

  • JD Edwards: Recording all fixed assets into JD Edwards fixed asset system.
  • Reporting: Providing asset reports to various departments as scheduled and upon request.
  • Audits: Performing audit of payments to ensure proper classification.
  • Process Improvements: Drive process improvements and automation to improve efficiencies within the group
  • And other duties as assigned.

Position Requirements:

  • Bachelor's Degree in Accounting, Finance or other related discipline required.
  • 4+ years related experience is required, preferably lease accounting related.
  • Fixed assets accounting or equivalent experience preferred.
  • Solid understanding and application of ASC 842 lease accounting standard
  • Significant experience utilizing MS Office to perform accounting related tasks is required.
  • Intermediate to advanced Excel skills is preferred
  • Experience with fixed asset systems such as JD Edwards is preferred.

Other Skills, Attributes and Abilities:

  • In order to succeed in this position, the incumbent must possess strong analytical and problem solving skills coupled with excellent writing and oral communication skills.
  • This is a detail-oriented position that requires a great deal of accuracy.
  • Strict deadlines and timelines must be adhered to with regards to reporting requirements. Incumbents must be able to multi-task and prioritize work responsibilities.

Essential Functions:

  • This position requires the ability to safely and successfully perform essential job functions consistent with ADA, FMLA and other federal, state and local standards, including meeting qualitative and or/quantitative productivity standards.
  • This role requires the ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local standards.
  • This position requires compliance with all personnel policies.

Physical & Safety Requirements:

  • This person must perform duties that require considerable use of arms and extended hours of sitting.
  • Required use of all ergonomically safe equipment in performance of job.
  • Normal office environment

About You:

To be successful in the Buckeye culture, our employees must Possess excellent communication skills, both written and verbal. You must be able to work independently. You must also be able to exercise tact, discretion, and professionalism when dealing with internal clients and external counterparties (customers, vendors, etc.), as well as when handling sensitive and confidential information.

Buckeye Partners wants to create and reward an organizational focus that stimulates the creative and entrepreneurial actions of our employees and results in innovative ways of reducing costs, generating revenues, improving productivity, or improving processes.

About Us:

Buckeye Partners, L.P. is the logistical solutions partner of choice for the global energy business and one of the nation's largest independent petroleum products pipeline transportation and terminalling service provider; our strength is to create centers of expertise around our products, technologies and client needs.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, or national origin. We are also an equal opportunity employer of individuals with disabilities and protected veterans. Please view Equal Employment Opportunity Posters provided by OFCCP on the following website: http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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