What are the responsibilities and job description for the Associate Derivatives Accountant position at Valero?
Valero is looking for an Associate Derivatives Accountant to join the Risk Management and Trading Controls team at the Valero Headquarters in San Antonio, TX.
The Associate Derivatives Accountant will assist in recording, reviewing and analyzing transactions related to commodity derivatives and the reconciliation of gains and losses from hedging activity. Daily activities may include:
- Ensures the timely and accurate reconciliation of daily broker accounts containing existing commodity contracts.
- Communicates and reports reconciling items to traders and issues to management.
- Assists in the coordination of daily margin wire transfers to and from third parties.
- Processes monthly broker commission invoices with third parties and record in SAP.
- Responsible for reconciling the month end balance sheet and income accounts for the derivatives activity to ensure accuracy in the general ledger.
- Assists in providing management with ongoing vital information where speed, accuracy, and quality are essential.
- Assists with special projects for management and/or other accounting/operational areas as needed.
This position is salaried exempt status, which means you are not eligible for overtime pay.
- Bachelor’s degree in Accounting, Finance or a related degree by May 2025, required.
- 1 year of Accounting experience preferred
- Able and willing to work the first five days of every month to support the accounting close process required.
- Able and willing to work onsite and in-person at the Valero headquarters in San Antonio, TX required.
Position level and salary will be commensurate with qualifications and experience.
Valero's employees are the heart of its success, and there is a reason why the company is an employer of choice in the fuels manufacturing and marketing industry. It’s not just the excellent benefits package, or the opportunities for personal growth, it’s also the caring and committed culture of the organization that makes everyone feel like they’re truly part of a team. For more information, visit Valero.com.
Valero is an EEO/AA Employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to legally protected status, including race/ethnicity, color, religion, sex (including pregnancy, gender identity and sexual orientation), national origin, age, disability, protected veteran or any other status protected by applicable federal, state or local laws.
Please be advised, if you are viewing this position on a website that lists an estimated salary rate/range, it was not provided by Valero. Valero’s market specific salary rate/range will be provided during the recruiting process and tends to be higher than what is estimated by such websites.
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