CITGO Petroleum Corporation

Controllers Sr. Financial Analyst

Requisition #
# of Openings


Relocation Benefits Not Available for this Position


Employer will not sponsor visas for position

Job Summary

This position is responsible for completing moderately complex to complex financial processes.  This includes identifying the need for accounting transactions required due to changes in GAAP (generally accepted accounting principles) and IFRS (International Financial Reporting Standards) requirements as well as due to changes in CITGO operations which result in issues with GAAP/IFRS compliance not previously encountered by CITGO.  Thorough knowledge of authoritative accounting literature is required.  This position identifies the impact of changes in accounting transactions on current and future reported cash flow and existing or contemplated debt covenants.  This position reviews general ledger account balance reconciliations and assists less experienced analysts in preparing and anticipating correcting entries identified during that reconciliation.  In addition the job develops financial processes within the Finance organization and where those processes do not already exist confirms the staffing needs to perform those processes.  The position must be familiar with emerging issues in accounting practice and identify how those issues will impact CITGO reported results as well as CITGO borrowing or cash generating capabilities.  This position will evaluate and propose improvements to or restructuring of commercial agreements, debt agreements and other financing tools.  This position will analyze financial results and report on those results for the department manager to which the analyst is assigned and for the operating group the position supports as well as the overall Finance Department.  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, and the impact of acquisitions, mergers or divestments within CITGO Petroleum.  Use knowledge of GAAP, IFRS, CITGO operations and CITGO financial processes as they relate to both corporate and business unit earnings to act as an analytical resource within the Finance Department and within all business units.  Creative thinking skills are required for identifying issues before a potential problem is recognized.  In addition, use of more sophisticated financial analysis and statistical tools will be required.  Perform analytical tasks independent of direct supervision.  Identify future risk to CITGO assets resulting from analysis processes by responding to management directions but without day to day supervision.  

Minimum Qualifications

College Degree (Bachelors Level) in Accounting or Finance.  CPA and/or Master Degree is preferred but not required.


Detail working knowledge of IFRS and US GAAP is required.  Also must be able to reconcile the differences between US GAAP and IFRS.

Strong reconciliation skills required.

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. 

Skills in change management both in accepting change and leading change processes. 

Extensive computer skills:  Excel, PowerPoint, Word and the ability to maintain those skills as technology changes. 

Work with limited supervision. 

Influence the work of others. 

Bilingual – English /Spanish preferred but not required.

At least 2 years experience with SAP or a similar ERP application.  


The minimum number of years of job related experience required by this job is 8-10.

Job Duties

  1. Subsidiary Accounting  – Supervise day-to-day accounting transactions, consolidation and general ledger account reconciliations for PDV Companies, CILA, PSA agreement and Simon Bolivar Foundation.
  2. IFRS Accounting – Prepare monthly conversion of U.S. GAAP financial statements to IFRS for reporting to Shareholder.
  3. Shareholder Reporting– Supervise and review monthly reports  preparation (i.e., consolidation under shareholder chart of account  “SIFO”, Complementary Information, debt report and others.
  4. Financial Reporting/Audit Support – Prepares annual financial statements and footnotes for PDV America and PDV Holding in both U.S. GAAP and IFRS.  Supervises, reviews or prepares schedules and responds to inquiries from KPMG for completion of annual external audits for both companies.
  5. Dividend/Debt Covenant Calculations & Certifications – Maintain and confirm all information related to dividends to Shareholder.  Perform and report debt covenant calculations on a quarterly basis and review with management prior to filing with banks.
  6. PDVSA Finance Contact – Receives, evaluates and communicates inquiries, special requests and concerns from PDVSA Finance personnel to Assistant Controller, Corporate Controller and VP of Finance.
  7. Audit Committee Presentations – Prepare quarterly presentations in English and Spanish and analyze comparison of current quarter results to prior quarter results as well as current estimated results and annual budget.  Identify factors impacting those results.  Prepare price/volume analysis; and an analysis of actual expense compared to budget as required. 
  8. Special Projects – Perform analysis as requested by the Assistant Controller, Corporate Controller or VP of Finance.  Perform special projects associated with data gathering for requests from Board of Directors, Shareholder, PDVSA Finance, Audit Committee and Executive Management. As well as provide translation services for all levels of management.
  9. US GAAP & IFRS Accounting – Perform continuous review and evaluation of transactions within assigned area to ensure recorded results are in agreement with U.S. generally accepted accounting principles and international financial reporting standards and if necessary, modify those processes to remove the possibility of audit exceptions and later corrections.


Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed