Financial Analyst (Finance)
CITGO PETROLEUM CORPORATION
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
This position will analyze hydrocarbon inventory transactions and evaluate corrections needed to properly reflect CITGO's inventory by location to accurately reflect inventory on the balance sheet. This position will be responsible for reconciling and ensuring that RIN reporting information is timely, accurate and complete with each 3rd party vendor. This position is responsible for completing basic financial analysis, which includes identifying the need for accrual entries and other general ledger entries. Use creative thinking skills for problems solving. Perform analytical tasks independent of direct daily supervision
Minimum Qualifications
- Bachelor's Degree
- 2 years of job-related experience
- Strong analytical & reconciliation skills required.
- Basic understanding of refining, marketing and transportation business processes.
- Prioritize work when given multiple projects.
- Effective oral and written communication skills.
- Ability to work in a team/ co-worker environment.
- Extensive computer skills: Excel, Word and maintain those skills as technology changes.
- Work with limited supervision. Influence the work of others.
- Detail oriented and proactive.
- Experience with SAP or similar ERP applications preferred.
- Experience with Right Angle preferred.
Job Duties
1. Monthly Analysis & Reconciliations: • Prepare Refinery inventory reconciliations for various hydrocarbon products and locations using Right Angle and operational supporting schedules (yield, truck rack, inspection reports, etc.). • Prepare reconciliations of Renewable Identification Numbers (RINs) to ensure that RINs attached to physical purchases and recorded in RA match to those received in EMTS. Initiate RIN returns with Compliance and vendors as needed. • Prepare volumetric barge & vessel reconciliations using inspection reports and record the corresponding load or discharge gain or loss. • Perform GL account reconciliations, ensuring accuracy and completeness of accounting records and compliance with GAAP 55
2. Transaction analysis and report review (activities may involve some or all of the following) - • Monitor various reports in Right Angle throughout the month to ensure that biofuels movements are actualized timely by the scheduling team and available for invoice processing by accounts payable. Monitor, research, and provide support to the Accounts Payable group as needed. Additionally, monitor the GR/IR account in SAP. • Monitor multiple Right-Angle reports to ensure completeness and accuracy between our systems of records (e.g. interface report, transactions not account coded, etc). • Analyze current month Ethanol and Biodiesel Purchase and Sales Volumes and compare to historical trends to ensure accounting records are reasonable. • Analyze secondary costs recorded in Right Angle for all Biofuel movements and evaluate the reasonableness of accruals generated by Right Angle. • Develop and maintain documented procedures for the activities performed. • Serve as back up for other Analysts in the group as needed.
3. GAAP Accounting - Perform continuous review and evaluation of transactions within assigned area to ensure recorded results are in agreement with generally accepted accounting principles. When processes are not in agreement with GAAP, modify those processes to remove the possibility of audit exceptions and later corrections.
4. Collaborate and consult with operations personnel such as schedulers, traders, product supply contract administration and master data in order to analyze volumetric issues for resolution of inventory transactions and issues with third parties.
5. Conduct simple to complex financial and accounting analysis as requested by supervisor
Job Duties II
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Here are the incentives we offer:
• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
Requisition ID - 1216
