Job Summary

This position is responsible for leading basic and complex financial processes depending on the experience of the employee. Basic functions include but not limited to recording and billing of hydrocarbon purchases, sales and transfers, cash forecasting review/maintenance of for the Crude Supply business unit. Additional monthly and quarterly functions include leading month end, quarter and Year end close processes, ensuring accuracy, compliance with Generally Accepted Accounting Principles (“GAAP”), and timely reporting. Furthermore, this position will be evaluating the executed commercial deals entered for any un-common pricing structures that could indicate an embedded derivative, or a speculative position and collaborate with the Technical Accounting Team to ensure compliance with GAAP.  This position will lead the financial analysis and reporting processes, including the preparation of complex financial statements and reports. Use creative thinking skills for problems solving. Perform analytical tasks independent of direct daily supervision. 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 and proposes changes to those practices to ensure compliance with GAAP. Depending on the level of experience, this position is expected to mentor and provide guidance to junior accounting analysts.

Minimum Qualifications

• Bachelor’s degree. CPA or advanced certification (e.g., CFA, CMA) is preferred. 3+ years of experience; supervisory experience a plus.
• Expertise in financial reporting, GAAP, and financial analysis methodologies.
• Proficiency in financial software applications (e.g., SAP, 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.
• Proven track record of cross-functional collaboration, managing multiple priorities, meeting deadlines, and driving results in a dynamic environment.
• Experience with accounting for oil/refined products physical/derivative trading a plus.
• Experience with data visualization tools (e.g., Tableau, Power BI) and ERP system implementations is a plus.

Job Duties

Daily Activities

5. Prepare Daily Cash Forecast report of Hydrocarbon procurement and sales activity and provide analysis of daily variances to Treasury.
6. Ensure hydrocarbon purchases and sales are timely and accurately recorded in agreement with shipping support and contractual terms. Resolve any vendor/customer disputes timely.
7. Complete pricing and volume verification with supplier and customers to ensure alignment with contractual terms.
8. Collaborating with various stakeholders to ensure corrections are made in the system. Including and not limited to interaction with Contract Administration, traders, schedulers, vendors and customs reporting team to resolve open items.
9. Create customer invoices, review invoice attributes and submit to customer for payment timely.

Job Duties II

5. Support regulatory Compliance documentation and reporting requirements.

5. Coordinate with external auditors and internal stakeholders to facilitate audits and ensure adherence to accounting standards.
6. Collaborate with cross-functional teams of traders, schedulers and other accounting and finance functions (e.g., Risk, FP&A) to analyze business performance and drive process improvements.
7. Participate in special projects, system implementations, and process enhancements as needed.
8. Provide strategic insights and recommendations based on financial data analysis to support review of business results.
9. GAAP Accounting – Perform continuous review and evaluation of transactions within assigned area to ensure recorded results are in agreement with GAAP.  When processes are not in agreement with GAAP, modify those processes to remove the possibility of audit exceptions and later corrections.  If this modification results in substantial changes to processes, communicate this potential with the finance department manager.

Stay Updated with accounting regulations, industry trends, and best practices to ensure compliance and optimize financial processes.