CITGO Petroleum Corporation

  • Associate Financial Analyst/Financial Analyst

    Requisition #
    # of Openings
  • Relocation

    Relocation Benefits are not available for this position.


    Employer will not sponsor visas for position

    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. Identifies where existing accounting practice is 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. 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

    • Minimum of 1-3 years of job related experience required
    • College Degree in Accounting or Finance
    • Ability to perform broad financial analysis of results of operations
    • Ability to compare business results to GAAP results
    • Must be able to prioritize work when given multiple projects
    • Extensive computer knowledge in: Excel, Access, & Word
    • Must be able to work with limited supervision
    • Influence the work of others
    • At least one (1) year of SAP experience preferred
    • Experience with NAKISA/SLAN accounting software preferred

    Job Duties

    1. Support the new lease accounting adoption standard in accordance with ASC842, with use of implemented software – Nakisa. Gather and consolidate all required lease data sheet components and related documentation.  Perform Lease Classification analysis.  Input data into leasing software for executed leases to ensure proper accounting treatment.  Provide Business Units with active leases on monthly/quarterly basis to verify accuracy and completeness checks.
    2. Creating and maintaining AFE’s in SAP. Creating assets from completed capital projects. Recording additions or acquisitions of fixed assets and recording intra-company asset transfers, along with routine retirements related to completed AFE’s.  May also be responsible for running depreciation jobs in SAP during month-end Close.  Assisting with month-end and quarter-end close activities, including recording fixed asset-related GAAP and IFRS adjustments.  Will also review lease agreements to determine the proper (operating vs. capital lease) accounting treatment.
    1. Gathers and assists in preparing Fixed Assets account reconciliation data and provides explanations and trend analysis for Management review and Balance Sheet review presentations.
    2. Performs 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.
    1. Assist in the preparation of audit schedules for internal and external auditors, as well as Quarterly CAPEX schedules.
    2. Special Projects – Assisting with other accounting functions assigned as needed; providing management with results and recommendations for improvements.  Assist with special assignments as deemed necessary by General Accounting Manager.


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