Associate Financial Analyst

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 various activities within the General Accounting function.

These responsibilities include, owning the Prepaid Insurance process, performing various internal control procedures (e.g.

reconciliations), supporting requests in the General Accounting inbox, performing routine and ad-hoc account analysis, and backing up responsibilities of others within the General Accounting team.

Responsibilities will require coordination with the direct supervisor and others within the Finance organization and the ability to proactively problem solve issues before they cause delays to closing or reporting timelines.

Minimum Qualifications

Bachelors degree

Zero years experience


* Knowledge of Microsoft Office products (Excel, Word, PowerPoint)


* Effective oral and written communication skills.

Job Duties

Prepaid Insurance Accounting - Perform analysis of CITGO's prepaid insurance which includes reviewing policy terms, invoices and preparing summary worksheets to determine the amortization expense and adjustments entries needed as part of close.

Work with the Insurance & Risk department to ensure the completeness of CITGO's prepaid insurance, follow up on existing policies renewals, and identify the need for accruals entries.

Ensure that the insurance expense is allocated to the various business units following the annual approved budget.

Review the accounting records made by our captive management company and ensure the completeness of these records in CITGO's ERP system.

Investigate, analyze, and determine the extent of the company's insurance liabilities using the reserve model provided by the Insurance & Risk department concerning personal, casualty, workman's comp and property loss or damages.

General Accounting support - Monitor and manage requests in the General Accounting inbox.

Inbox activities may include, creating or posting journal entries, attending to master data maintenance requests (e.g.

creating or updating cost centers, GL accounts, internal and statistical orders), processing of transactions, performing account analysis, investigating questions related to insurance, etc.

This position will also backup responsibilities of other personnel within General Accounting.

Internal Controls - Perform ac...