CITGO Petroleum Corporation

  • Associate Financial Analyst

    Requisition #
    # of Openings
  • Note

    Employer will not sponsor visas for position

    Job Summary

    Provide a brief description of the basic function of this job. 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 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 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.  Furthermore, depending on the experience of the employee this position may also provide analysis to the operating group which it supports regarding the impact of acquisitions, mergers 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

    • College Degree (Bachelors Level) Accounting, Business,
    • 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.
    • Computer skills: Excel, Access, Word and the ability to maintain those skills as technology changes.
    • At least 2 years experience with SAP or a similar ERP application.
    • Skills in change management both in accepting change and leading change processes.
    • Influence the work of others.
    • Basic understanding of refining, marketing and transportation business processes.

    Do you have 0-3 years of job related experience?

    Job Duties

    • Develop & modify reporting package related to $450 million Accounts Receivable Securitization project by utilizing SAP data and report generation functions. Validate reports by analyzing and evaluating report data/calculations and selection criteria. Interfaces with CITGO Treasury Department and Credit Department to ensure, analyze and validate financial data for Accounts Receivable Securitization. Deliver Securitization reports to key stakeholders. Oversee IT programmers for any new reports/analysis required. Troubleshoot reports, checks formulas, and acts as a consultant to IT to determine modifications and development of new reports and tests the system for weaknesses.


    • Special Projects – Perform analysis as requested by the department manager or Corporate Controller. Perform special projects associated with the operations group supported by this analyst including results of the project and recommendations for improvements.


    • GAAP Accounting – Prepare and review journal entries to properly record CITGO business transactions. 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.


    • Analyze activity and prepare reconciliations related to Accrual and Prepaid accounts associated with Marketing Programs. Interface with business units to assure accruals are reasonable.



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