This position will primarily help perform financial process reviews including review of Sarbanes-Oxley (SOX) business process control design documentation and internal control testing, direct support to the external auditor for Magellan’s annual financial statement audit and other reviews related to controls over financial accounting and reporting, operational or other reviews related to the System Integrity Plan (SIP), Construction Projects, Contractor Compliance, management requests, etc. to identify, document and test the associated internal controls.
Moving What Moves America SM
Magellan Audit Services is looking for an experienced internal auditor to join our team. Magellan is mainly engaged in the transportation, storage and distribution of refined petroleum products and crude oil with approximately 9,700 miles of refined products pipelines (including 53 connected terminals), 25 independent terminals not connected to our refined products pipelines, 2,200 miles of crude oil pipelines, and 6 marine terminals located along coastal waterways. Headquartered in Tulsa, Oklahoma, Magellan operates in 24 states and has over 1,800 employees. Magellan has career opportunities for talented, motivated professionals. We have competitive pay and excellent benefits. Safety, efficiency, honesty and responsibility are at the core of our business. Our character is demonstrated in the respect we show for our co-workers, our company and the communities in which we operate.
This position will primarily help perform financial process reviews including review of Sarbanes-Oxley (SOX) business process control design documentation and internal control testing, direct support to the external auditor for Magellan’s annual financial statement audit and other reviews related to controls over financial accounting and reporting, operational or other reviews related to the System Integrity Plan (SIP), Construction Projects, Contractor Compliance, management requests, etc. to identify, document and test the associated internal controls. This position requires good critical thinking skills and an understanding in risk identification and internal controls.
Specific responsibilities include:
Identify and evaluate risks and internal controls to ensure that controls are adequately designed, documented and working as intended.
Assist in preparing and reviewing SOX business process control design documentation and related internal control testing.
Review the reliability and integrity of financial and/or operating information and the means used to identify, measure, classify, and report such information.
Review operations or programs to determine if they are being carried out and producing results consistent with established objectives.
Review systems established to ensure compliance with policies, plans, procedures, laws, or regulations and determine the extent of such compliance.
Effectively work on concurrent audit projects, and comprehensively document audit work performed including audit conclusions and help prepare audit reports.
Lead with close supervision the preparation and review of assigned SOX business process control design documentation and related internal control testing.
Interact closely with process owners from all functions of the Partnership.
Research best practices and partner with process stakeholders to make recommendations for business and process improvements to address needed internal control improvement and enhance efficiencies.
Maintain awareness of changing regulations, standards and guidelines impacting the Partnership’s operations and adhere to audit professional practices and standards.
Document audit work performed including audit conclusions.
Perform projects and assignments as directed.
This position requires a degree in business administration, accounting or related field with a minimum of two years of experience in internal auditing or equivalent experience in accounting, operations, project management, analysis, or related areas. Candidates should also possess:
Proficiency and knowledge of accounting practices and procedures.
Strong interpersonal and customer service skills, and a positive team player attitude.
Knowledge and understanding of internal control structures, industry standards, and best practices.
Good understanding of Generally Accepted Accounting Principles (GAAP).
Demonstrated ability to deal with difficult issues which require analysis or independent judgment.
Must have the ability, time management skills and self-motivation to handle multiple priorities and meet tight deadlines; strong auditing, critical thinking and decision making skills.
Proficient knowledge of Word and Excel.
Strong oral and written communication skills; ability to present complex issues in both verbal and written communication.
Flexible to travel on out-of-town assignments (up to 25%).
Ability to sit for the CPA or CIA certification is preferred but not required.
Positions will be filled at a level commensurate with candidate experience and qualifications.
The ability to communicate effectively orally and in writing in English with co-workers, supervisors, internal and external customers; the ability to work in stressful conditions; the ability to adapt and respond in changing circumstances; the ability to use a personal computer with the Windows® operating system to complete time sheets, send and receive email, and access information posted on the Company’s intranet; availability as needed to work on both a scheduled and call-out basis; and the ability to work at the assigned job site.
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.
Magellan Midstream Holdings GP, LLC is an Equal Opportunity Employer and do not discriminate against applicants due to race, ethnicity, gender, age, religion, sex, national origin, veteran status, sexual orientation, gender identity or on the basis of disability. All qualified applicants will receive consideration for employment.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil based in Tulsa, Okla. Formerly a part of Williams Companies, Magellan began trading as Williams Energy Partners in February 2001. In September 2003, we changed our name to Magellan Midstream Partners and began trading under the stock ticker MMP.
In 2004, Magellan purchased significant assets from Shell, including more than 3,000 miles of refined product pipelines as well as terminals and storage capacity. In 2007, another acquisition expanded Magellan’s footprint with increased capabilities in Texas. In 2009, we bought the Longhorn Pipeline running from Houston to El Paso. The reversal of this line has played a key part in Magellan’s growth the last few years. In 2010, Magellan purchased another 100 miles of pipeline and 7.8 million barrels of storage from BP. In 2013, Magellan acquired approximately 800 miles of refined petroleum products pipeline, four terminals and 1.7 million barrels of storage from Plains All American Pipeline. This purchase added assets in Colorado, New Mexico, South Dakota and Wyoming.
Today, Mage...llan has a 9,800-mile refined products pipeline system with 54 connected terminals as well as 25 independent terminals not connected to our pipeline system and two marine storage terminals (one of which is owned through a joint venture). In addition, we own approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of about 37 million barrels, of which 25 million are used for contract storage. Approximately 1,000 miles of these pipelines, the condensate splitter and 30 million barrels of this storage capacity (including 22 million barrels used for contract storage) are wholly-owned, and the remainder is owned through joint ventures.
The foundation of our business strategy is safe and efficient operations combined with superior customer service. Upon that foundation, we strive to increase cash distributions to our unitholders through internally-generated growth projects which expand the profitability of our existing asset base and through acquisitions of energy infrastructure assets possessing a reasonable risk/reward profile.