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 completing basic financial processes. This includes 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. In addition, the job identifies and develops financial processes within the Controller’s organization. Identify where existing accounting practice is not in agreement with GAAP (generally accepted accounting principles) and propose 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; balance sheet accounts; required corrections; and errors and exceptions as identified. 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 problem solving. Perform analytical tasks independent of direct daily supervision.

Minimum Qualifications

Bachelors Degree in Accounting, Finance, or Economics.

0 years experience.

Compare business results to GAAP results. Prioritize work when given multiple projects. Extensive computer skills: Excel, Access, Word. Work with limited supervision. Influence the work of others.

Job Duties

1. Monthly 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. Prepare price/volume analysis; gross margin analysis; analysis of actual vs. planned or budgeted expense; other month end or month to month analysis as required. Compare market price variations to actual variations and validate reasonableness of reported results. Evaluate cost recovery methods in place for product distribution costs, transportation expenses and standard operating expenses as required.
2. Transaction and account analysis – Collaborate with Operations to determine reasons for inventory variances (price and volume) at refineries, terminals, exchanges and in-transit sites. Report findings and proposed process changes to department management. Analyze discrepancies between CITGO reported inventory and third party inventory (if the CITGO inventory is not under CITGO physical control) for resolution. For purchases and sales activity analyze monthly, quarterly and yearly activity. Analyze purchase and sales contracts to ensure accurate interpretation of contract terms for proper execution of transactions. Compare prices to industry standard working with Operations to ensure the standard price is consistent with known market changes. Review volume changes, especially on related party activity, to ensure accurate reporting. Provide explanations and trend analysis to management. Perform analysis of accounts impacted by fixed asset, accounts payable, accounts receivable, payroll and benefits transactions. Evaluate the processes in these areas as directed by department management. As required, perform transaction processing or account analysis associated with employee benefits area; corporate consolidations, financial reporting and SEC reporting.
3. Special Projects – Perform analysis as requested providing management with results and recommendations for improvements.
4. GAAP Accounting – 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. If this modification results in substantial changes to processes, communicate this potential with the finance department manager.

Job duties displayed above are not all-inclusive; site-specific responsibilities may be assigned.

Incentives Offered

• 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.