Job Summary

This position is responsible for completing basic financial processes but may be extended to moderately complex financial processes depending on the experience of the employee.  The base duties include identifying the need for accrual entries, preparing reconciling general ledger account balances, and preparing correcting entries identified during that reconciliation.  Additional duties may include supporting the above activities through reference to authoritative accounting literature and identifying impact of accounting transactions on reported cash flow and existing or contemplated debt covenants.   In addition, the job identifies and develops financial processes within the Controller’s organization.  Identifies where existing accounting practice are not in agreement with GAAP (generally accepted accounting principles) and proposes changes to those practices to ensure compliance with GAAP.  This position will prepare and analyze financial results.  This analysis will include, but is not limited to, hydrocarbon inventories; hydrocarbon purchases and sales; freight and related expenses.  Furthermore, the employee in this position will also provide analysis to the operating group which it supports regarding the impact of acquisitions, or divestments.  The employee will use 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. 

Minimum Qualifications

• Bachelor’s Degree in Accounting, Business, Finance
• 2 years of job-related experience
• Expertise in financial reporting, GAAP, and financial analysis methodologies.
• Proficiency in financial software applications such as SAP and Right Angle is a plus.
• Advanced proficiency in Microsoft Excel.
• Strong analytical, problem solving, and critical thinking skills, with the ability to interpret complex financial data and trends.
• Excellent communication, leadership, and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.

Job Duties

1.            Monthly Analysis –

•              Perform closing duties including Refined Products LIFO calculations and related adjusting entries.

•              Prepare BU LIFO Allocation and identify factors impacting those results for each business unit variance.

•              Prepare monthly inventory reports including LKRP4, ABAP and RP4 Report.

•              Prepare inventory vs estimate spreadsheet for the company’s inventory; analyze actual vs. forecast result; analyze other month end or month over month analysis as required; prepare power point slides and present result during the earnings meeting.

•              Prepare Lower of Cost or Market analysis on a quarterly basis. Compare market price to actual and validate reasonableness of reported results.

•              Prepaid monthly and quarterly weighted average calculation for the company’s inventory along with annual impairment analysis.

•              Prepare other operating costs and expenses fluctuation analysis. 

•              Prepare inventory related reports as requested by the External auditor.

•              Address Audit sample request in a timely manner.

Job Duties II

Transaction and account analysis (activities may involve some or all the following) –

•              Responsible for Sulfur Accounting Trading activities by actualizing the movement. Review pricing to ensure sales orders are properly updated prior to finalizing transaction in SAP. Review supporting volume documentation prior to actualization to ensure accuracy of entries and subsequent reporting. 

•              Keep track of all Sulfur tickets as it is received from each refinery for monthly billing; reconcile the Sulfur movement prior to invoicing.

•              Create customer invoices, review invoice attributes for accuracy and distribute promptly to customer for payment.

•              Perform daily yield reconciliation for the refineries.

•              Act as a backup for Corpus activities.

3.  Special Projects/Reports – Perform report summarization and/or analysis as requested providing management with results and recommendations for improvements.

4.  GAAP Accounting – Perform continuous review and evaluation of transactions within assigned area to ensure recorded results agree with generally accepted accounting principles and compliance to SOX