Houston, TX, US, 77077
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 is responsible for ensuring derivative accounting transactions are appropriately documented, accounted for and reported under the direct supervision of the Manager Derivatives & Technical Accounting. These responsibilities include preparing derivative related journal entries, performing various internal control procedures (e.g. reconciliations), preparing monthly estimates and earnings result analysis, preparing reports used to support various internal and external reporting functions and other duties as assigned. Responsibilities will require working closely with the direct supervisor and other groups across the organization (e.g. Risk & Pricing, Supply & Marketing, Accounting).
Minimum Qualifications
Required Degree:
Bachelors Degree
Specialized knowledge, skills, abilities, and experience required (this will be included on the job posting):
- 2 years of experience
- Understanding of commodity derivatives and application of accounting principles
- Excellent written and oral communication skills
- Ability to work with limited supervision
- Strong analytical ability
- Active Certified Public Accountant (CPA) preferred
Job Duties
1. Perform derivative accounting daily processes and prepare journal entries and month-end processes and controls. Requires regular communication with the Manager Derivatives & Technical Accounting and personnel in the Risk & Pricing and Supply & Marketing teams to ensure transactions are effectively identified and accounted for and applying appropriate accounting treatment under relevant accounting standards (collaborating with Manager Derivatives & Technical Accounting and Technical Accounting personnel, when necessary).
2. Prepare reports or analysis in response to routine and non-routine reporting requirements/requests under the review/direction of the Manager Derivatives & Technical Accounting. Reporting areas/functions supported include estimate and earnings reporting and quarterly/annual external reporting (earnings calls and financial statements & disclosures).
3. Assist the Manager Derivatives & Technical Accounting develop and implement derivative accounting policies and procedures and ensure compliance with such policies and procedures.
4.Other duties as assigned.
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 - 1104
Nearest Major Market: Houston