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 resolving and clearing Goods Receipt/Invoice Receipt (GR/IR) imbalances to ensure accurate balance sheet reporting.

This position will also gather departmental performance data and create daily, weekly, and monthly Accounts Payable KPI reporting, root cause analysis (RCA), vendor reconciliations, month-end reporting, GL reconciliations, and ensure SOX compliance.

This includes analyzing various data sets to resolve and then prevent payment delays.

In addition, this position will coordinate activities between Procurement, IT, Treasury, and other business units and departments is responsible for leading and/or designing department process improvements, resolves any vendor related issues and inquiries, and presents results/conclusions in various reporting requirements.

Minimum Qualifications



* Bachelors Degree Required


* Prioritize work when given multiple projects.


* Strong communication skills.


* Proficiency within Excel, ability to use pivot tables and VLOOKUP required.


* Ability to communicate professionally with customers, vendors, and fellow employees.


* Must be able to work with only general direction.


* Experience with SAP or similar ERP software is a plus.

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.

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