Financial Analyst-EBAND002

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 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 and 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.

Job Duties



* Complete pricing and volume verification with supplier and customers to ensure alignment with contractual terms.


* 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.


* Create customer invoices, review invoice attributes and submit to customer for payment timely.


* Coordinate and collaborate with Accounts Payables or AP and Accounts Receivable or AR teams to ensure timely vendor payments and customer collections.

This would include requesting AR and AP netting.


* Mentor and provide guidance to junior accounting analysts, fostering their personal and professional development and growth.


* Lead month end, quarte...