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 recording accounting entries for product purchases, sales and transfers. Additional 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. Also, 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 work closely with Treasury and Operations in the daily cash forecasting process. This position will analyze financial results for the refinery 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. The employee will use some 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.
College Degree (Bachelors Level) Accounting or Finance with minimum of 12 accounting credit hours
Perform broad financial analysis of results of operations.
Prioritize work when given multiple projects.
Extensive computer skills: Excel, Word.
Have effective oral and written communication skills.
Work with limited supervision.
Influence the work of others.
2-5 years of job related experience required.
1. Monthly Analysis
2. Transaction and account analysis (activities may involve some or all of the following)
3. Special Projects/Reports – Perform report summarization and/or 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.