Our Favorite CITGO Perks are:
• Remote Work options available for eligible positions • Options are department and/or location specific • 9/80 Work Schedule Option (where applicable) • Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees • Paid Vacation Time • Company-Paid Holidays • Parental Leave • Excellent 401(k) Match • Pension Plan • Company-Paid Sick Leave and Long-Term Disability • Medical, Dental, & Vision Plans; FSA and HSA options • Company-Paid Life Insurance for Active Employees • Healthy Rewards Program • Service Awards Program • Educational Assistance Plan • Dependent Children Scholarships • Reimbursement for Gym Membership • Employee Discount Programs • On-site Health Clinic • On-site Cafeteria (select locations) • On-site Credit Union and ATM (Corporate office only) • On-site Fitness Center (select locations) PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
Relocation
Relocation Benefits are not available for this position.
Note
Employer will not sponsor visas for position
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 amortization schedules for prepaid and deferred items, 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 included in CITGO’s financial statements. 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 analyze financial results for the department manager to which the analyst is assigned. This analysis will include, but is not limited to, hydrocarbon inventories; purchases and sales; operational expenses, accruals and other balance sheet accounts; required corrections; and errors and exceptions as identified. 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
Degree:
- College Degree (Bachelors Level) in Acctg, Finance, Business administration or Economics.
The minimum number of years of job related experience required by this job is:
List any specialized training or unique skills required:
Strong analytical and reconciliation skills required.
Ability to perform broad financial analysis of results of operations.
Prioritize work when given multiple projects.
Effective oral and written communication skills.
Ability to work in a team/ co-worker environment.
Extensive computer skills: Excel, Access, Word and the ability to maintain those skills as technology changes.
Work with limited supervision.
Influence the work of others.
SAP experience - Preferred
Job Duties
Perform day-to-day accounting transactions and general ledger postings for wholly owned and Joint Interest Pipelines. Maintain appropriate reconciliations for all accounts and balances related to these entities. Maintain close communication with the business units of Lafitte, Citgo Pipeline, Citgo Products Pipeline and Joint Interest Pipelines to ensure proper understanding of all transactions. Record all the transactions related to the business activities on an accrual basis timely and accurately per closing schedule. Maintain appropriate auditable supporting documentation. Provide explanations and analysis to management. Prepare the PBCs requested by the external auditors and provide all the support documentation requested on an annual basis. Identify and recommend changes if needed to ensure all activity conforms to CITGO best practices for controls and processes. Develop and maintain documented procedures for the activities performed.
Perform day-to-day accounting transactions and general ledger account reconciliations for Expense TA partners. Prepare, obtain authorization, and process payment requests related to expense TA’s. Record all the transactions related to the business activities on an accrual basis timely and accurately per closing schedule. Maintain communication with the different departments to ensure all the transactions are recorded properly. Ensure accurate reports that support this activity. Provide explanations and analysis to management. Identify and recommend changes if needed to ensure all activity conforms to CITGO best practices for controls and processes. Develop and maintain documented procedures for the activities performed.
Monitor the activity, invoices and payments related to TA expenses. Maintain appropriate auditable supporting documentation and enter all journal entries that affect vendor accounts timely and accurately per the closing schedule. Maintain communication with the different departments to ensure all the transactions are recorded properly.
Monthly Earnings Analysis – Prepare and analyze comparison of current month results to prior month results as well as current estimated results and annual budget. Identify factors impacting those results and present explanations to Accounting and Financial Planning and Analysis management.
FERC / State Reporting – Prepare and submit Quarterly and Yearly FERC Form 6 to The Federal Energy Regulatory Commission. Ensure that financial statements are prepared for submission based on current FERC chart of accounts and requirements. Prepare and submit monthly state required forms related to Pipeline Operations for the states of Texas and Louisiana. Coordinate with operations that all ticket and other operational data is timely and accurate for submission.
GAAP Accounting and Special Projects – Perform continuous review and evaluation of transactions within assigned area to ensure recorded results are in agreement with generally accepted accounting principles. When processes are not in agreement with GAAP, modify those processes to remove the possibility of audit exceptions and later corrections. Identify emerging accounting issues before they have a negative impact on the area to which the analyst is assigned. In addition, perform analysis required by the department manager or Corporate Controller for special projects.
Physical Inventory Counts - Assist management and external auditors in the coordination and execution of inventory counts across CITGO terminals and other operational locations. Ensure inventory accuracy by cross checking counts vs book records, analyze discrepancies, and participate in reconciliation efforts to address discrepancies identified during the counts.
