Controllers Financial Analyst Jobs

• Educational Assistance Plan
• Pension Plan
• Excellent 401(k) Match
• Reimbursement for Gym Membership
• On-site Health Clinic
• Options are department and/or location specific
• On-site Cafeteria (select locations)
• Service Awards Program
• Company-Paid Holidays
• Company-Paid Sick Leave and Long-Term Disability
• On-site Credit Union and ATM (Corporate office only)
• Paid Vacation Time
• 9/80 Work Schedule Option (where applicable)
• Employee Discount Programs
• Healthy Rewards Program
• Dependent Children Scholarships
• On-site Fitness Center (select locations)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Remote Work options available for eligible positions
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Parental Leave

PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS

Relocation Benefits are not available for this position.

Employer will not sponsor visas for position

This position is responsible for completing complex financial processes. The base duties include working with the accounting supervisor to monitor and review transactions and accounting entries made by the analysts in the group, recording the more complex accrual entries, and reconciling general ledger account balances and inventory volumes while preparing correcting entries identified during that reconciliation. Ensures existing accounting practice agree with GAAP (generally accepted accounting principles) and proposes improvements to those practices as needed. This position will analyze financial results for the supervisor and manager of the department. This analysis will include, but is not limited to, hydrocarbon inventories; purchases and sales; balance sheet accounts; required corrections; and errors and exceptions as identified. The employee will use their knowledge of GAAP, CITGO operations and CITGO financial processes as they relate to both corporate and business unit earnings to act as an analytical resource within the Controller’s organization (and within the business units when necessary). Use creative thinking skills for problems solving. Perform analytical tasks independent of direct daily supervision. Act as backup to the Terminal & Pipeline Accounting Supervisor and the Pipeline Financial Analyst.

Degree

• Bachelor’s Degree in Accounting, Finance, or Economics.

The minimum number of years of job related experience required by this job is:

• 3 years.

Required

List any specialized training or unique skills required:

• Prioritize duties when given multiple projects with limited supervision.
• Extensive computer skills: Intermediate Excel – creation/use of Lookups and Pivot tables.
• Effective oral and written communication skills.
• Perform broad financial analysis of results of operations.

Preferred

• Transaction and accounting analysis – Collaborate with Operations to determine reasons for inventory volume variances at refineries, terminals, exchanges, and in-transit sites. Maintain operating information which identifies the impact of inventory variations on CITGO earnings results. Analyze discrepancies between CITGO reported inventory and third-party inventory (if the CITGO inventory is not under CITGO physical control) for resolution. Analyze monthly, quarterly, and yearly purchase and sales activity. Review volume changes, especially on related party activity, to ensure accurate reporting. Perform continuous review and evaluation of transactions within assigned area to ensure recorded results are in agreement with GAAP.
• Terminal Agreement Revenue Reconciliation and Analysis – Review and analyze customer system set ups to ensure agreement requirements are accurate for proper statement generation and revenue recognition. Collaborate with Terminal Operations and Business Development personnel to confirm agreement validity and resolve customer statement discrepancies. Prepare accruals, accounting transactions, adjustments, and complex calculations based on agreement formulas as needed. Prepare customer account reconciliations and provide direction for applying cash to customer accounts to Treasury and Accounts Receivables department.
• Work with limited supervision.
• Monthly closing duties – Assist Supervisor and Manager and department in reviewing transactions and accounting entries prepared by the analysts in the group. Use knowledge of generally accepted accounting principles (GAAP) to review and analyze inventory movements and postings and determine relevant accruals needed. Provide monthly reports to various groups including Supply, Financial Reporting, Internal Control, Compliance, Business Development, etc. Provide mentorship and secondary review to inventory analysts.
• General Ledger and Volume Reconciliations – Prepare complex general ledger account reconciliations and assist in reviewing volume reconciliations performed by analysts. Responsible for reviewing inventory volume reconciliations to analyze and reconcile discrepancies between CITGO SAP system reported inventory versus refineries, third party statements, or system in-transit plants for resolution. Report findings and proposed process changes to department supervisor and region supply manager.
• Special Projects/Reports – Regulatory & SOX Compliance documentation and reporting requirements. External & Internal Audit supporting documentation requirements requested. Perform report summarization and/or analysis as requested providing management with results and recommendations for improvements. Special projects and analysis as requested by department supervisor and upper management.
• Earnings Analysis – Prepare and analyze comparison of current month results to prior month results as well as current estimated results. Identify factors impacting those results. Prepare and present an analysis of actual expense compared to planned operations as required.
• Terminal Tank Gauge Observations – Collaborate with Supply, Terminal Operations, Internal Auditors, and department Supervisor in leading an audit team to travel to CITGO terminal locations and conduct physical terminal inventory count observations. Coordinate meetings and travel schedules, using best practices and latest measurement methods to manually prepare complex system calculations of physical inventory, conduct investigations on irregularities and variances between physical and system quantities, draft recommendations on corrective measures and advise terminal personnel, department supervisor and upper management of audit findings and successes.
• At least 2 years’ experience with SAP or a similar ERP application.

Requisition #: 2023-7029

External Company Name: Citgo Petroleum Corporation

External Company URL: http://citgo.com/Home.jsp

Our Favorite CITGO Perks are::

• Parental Leave
• On-site Health Clinic
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Company-Paid Sick Leave and Long-Term Disability
• Paid Vacation Time
• Pension Plan
• Company-Paid Holidays
• On-site Credit Union and ATM (Corporate office only)
• Service Awards Program
• Excellent 401(k) Match
• Remote Work options available for eligible positions
• Company-Paid Life Insurance for Active Employees
• Employee Discount Programs
• On-site Fitness Center (select locations) PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
• 9/80 Work Schedule Option (where applicable)
• Educational Assistance Plan
• Reimbursement for Gym Membership
• Healthy Rewards Program
• Medical, Dental, & Vision Plans; FSA and HSA options
• Options are department and/or location specific
• On-site Cafeteria (select locations)
• Dependent Children Scholarships