What are the responsibilities and job description for the LC Financial Analyst position at CITGO Petroleum Corporation?
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 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 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 on reported cash flow and existing or contemplated debt covenants. 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 prepare and analyze financial results. This analysis will include, but is not limited to, hydrocarbon inventories; hydrocarbon purchases and sales; freight and related expenses. Furthermore, the employee in this position will also provide analysis to the operating group which it supports regarding the impact of acquisitions, or divestments. 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
Required
Bachelor’s Degree in Accounting, Finance, or General Business Adminisration.
A minimum of 2 years job-related experience.
Perform broad financial analysis of results of operations.
Prioritize duties when given multiple projects with limited supervision.
Extensive computer skills: Intermediate Excel- creation/use of Lookups and Pivot tables.
Effective oral and written communication skills
Preferred:
Experience with SAP or similar software including report generation.
Job Duties
1. Monthly Analysis:
- Perform closing duties (LIFO calculations, adjusting entries).
- Prepare and analyze BU LIFO allocation, inventory reports (LKRP4, ABAP, RP4).
- Compare actual vs. forecast results, present findings at earnings meetings.
- Conduct quarterly Lower of Cost or Market analysis.
- Calculate prepaid monthly/quarterly inventory and perform annual impairment analysis.
- Analyze operating cost fluctuations and prepare requested audit reports.
- Address audit sample requests promptly.
2. Transaction & Account Analysis:
- Manage Sulfur Accounting, ensuring accurate pricing and transaction finalization in SAP.
- Track and reconcile Sulfur tickets for monthly billing, create invoices, and ensure accurate distribution.
- Perform daily yield reconciliations and act as backup for Corpus activities.
3. Special Projects/Reports:
- Summarize and analyze reports, providing results and improvement recommendations to management.
4. GAAP Accounting:
- Review transactions for GAAP and SOX compliance, identify discrepancies, and modify processes to avoid audit exceptions. Communicate significant process changes to management.
Job Duties II
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Here are the incentives we offer:
- 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
- Caregiver 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 (select locations)
- 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
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
Requisition ID - 1204
