Staff Accountant II

Buckeye Partners L.P.
November 6, 2021
Houston, TX
Job Type


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 Staff II Accountant in the Oil & Gas Industry, to join our growing team!

Role Summary:

The Staff II Accountant, BMS role is responsible for supporting the accounting functions for the Buckeye Merchant Services (BMS) segment, a wholesale distributor of refined petroleum products in the continental United States and in the Caribbean, which includes inventory accounting, revenue margin accounting, operating expenses, and other general ledger accounting activities.  The role will require preparing journal entries, account reconciliations, detailed variance analysis, as well as performing inter-company accounting, supporting the monthly close process, and working alongside both front and middle office groups.  The Staff II Accountant will report to the Division Controller of BMS.

Responsibilities include:

  • Account Reconciliations and Journal Entries. Prepare and record various monthly account reconciliations, analyze various general ledger accounts on a regular basis, prepare recurring and other journal entries to support the monthly BMS close process and as necessary develop an approach to resolve outstanding reconciling items (working with Schedulers and Traders) and develop documentation that meets the standards of sound internal controls.
  • Coordinate monthly reporting and accounting close duties for function. Support and review the preparation of monthly and quarterly financial reporting packages for accounting managers, senior leaders and other departments as necessary.
  • Month Close. Supports the monthly close process by preparing various journal entries, performing analytics and assisting with submission and review of journal entries as well as organizing close-related tasks for team to ensure compliance with established timelines within the monthly close process.
  • Executing and following appropriate accounting principles, practices and procedures to ensure compliance with Sarbanes-Oxley, GAAP, FERC and other applicable regulatory policies and standards.
  • Processes and Procedures. Identifying new processes and reviewing existing ones to create more efficient workflows for not only the back office but for processes related to the front and middle office groups, and insuring controls for processes are sufficient and compliant. Leveraging technology to automate processes and procedures surrounding financial reporting and analysis and assuming ownership of special projects to develop and implement improvements in current processes and systems.
  • Serving as a key resource for the function for training and mentoring less senior accountants.
  • Monthly Analyses. Assisting in the performance of monthly analyses, including budget-to-actual, prior-year variances and other key performance indicators for senior management and Board financial-review packages.
  • Cross-functional support. Participate in special projects and support other accounting functions as needed.
  • Audit Support. Prepare supporting schedules for audit activities as assigned.
  • Assist in the preparation of budgets as needed.
  • Providing assistance with assimilating purchase acquisitions into company records.
  • And other duties as assigned.

Position Requirements:

  • Bachelor\u0027s degree in Accounting or Finance.
  • 2-3 years of experience in an Accounting or Finance role.
  • Experience with inventory accounting is preferred.
  • Significant proficiency utilizing MS Excel.
  • Prior utilization of trading software, Solarc RightAngle, is preferred.

Certificates & Licenses:

  • CPA or CPA eligible preferred

Other Skills, Attributes and Abilities:

  • Works with a substantial level of autonomy with the ability to work independently on most basic accounting tasks. Performs work under limited supervision.
  • Intermediate understanding of accounting principles, systems and processes with an intermediate functional knowledge.
  • Moderate understanding of technical accounting concepts and procedures.
  • Strong ability to teach accounting basics applicable to their function to less experienced accounting professionals.
  • Ability to work with ambiguity on moderately complex accounting issues. Delivers proposed resolutions when raising issues. Takes on a broader range of tasks including routine and non-routine tasks. May facilitate training and lead functional meetings. Creates reports and presentations for the function.
  • High-level understanding of business units and of their function. Builds network of peers throughout the business to better understand and support business operations. Can teach others how Buckeye operates and how functions / business units work.
  • Demonstrates influential communication skills with the ability to influence peers on solutions to issues. Some ability to collaborate and partner across department to influence others in the service of effective decision-making within the organization. Listens to feedback, shares their views and articulates solutions in group meetings and when discussing issues. Ability to communicate with emotional intelligence, share opposing ideas and identify ways to address issues while respecting other views and compromising when necessary.
  • Ability to identify and solve moderately complex problems and articulate proposed solutions across a broader spectrum of issues.
  • Teamwork inclination and ability to work effectively and efficiently among team.

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:

  • The person in this position needs to occasionally move inside the office to access file cabinets, office equipment, etc.
  • The employee is frequently required to effectively communicate with others.

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:

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