CITGO Petroleum Corporation

  • Financial Analyst - Aruba Financial Services

    Requisition #
    2018-5139
    City
    Houston
    State
    Texas
    # of Openings
    1
  • Relocation

    Relocation Benefits are not available for this position.

    Note

    Employer will not sponsor visas for position

    Job Summary

    This position is responsible for completing basic to moderately complex financial processes.  This includes preparing accounting entries to properly record CITGO Aruba business transactions, identifying the need for accrual entries and supporting that need through reference to authoritative accounting literature, preparing amortization schedules for prepaid and deferred items, identifying impact of accounting transactions on reported cash flow and existing or contemplated debt covenants, reconciling general ledger account balances and preparing correcting entries identified during that reconciliation.  This position will analyze and report on results for the department manager to which the analyst is assigned and for the operating group the position supports.  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 the operating groups the analyst supports.  Use knowledge of GAAP, IFRS, CITGO Aruba 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.  Assist in the compilation and analysis of the annual budget and provide monthly analysis of operating expenses versus budget.  Creative thinking skills are required for identifying issues before a potential problem is recognized.  Perform analytical tasks independent of direct supervision.  

    Minimum Qualifications

    • Minimum 3 years of job related experience required
    • College degree, Bachelors level in Accounting
    • Strong analytical and reconciliation skills required
    • Must be able to perform broad financial analysis of results of operations/general ledger/income statement accounting 
    • Must be able prioritize work when given multiple projects. 
    • Effective oral and written communication skills. 
    • Ability to work in a team/co-worker environment. 
    • Extensive computer skills:  Excel, Access, Word and the ability to maintain those skills as technology changes. 
    • Must be detail oriented and proactive.
    • Must be able to work with limited supervision. 
    • Influence the work of others. 
    • Bilingual – English/Spanish Preferred.
    • At least 2 years experience with SAP or a similar ERP application. 

    Job Duties

    1. Monthly Analysis – Prepare and analyze comparison of current month results as well as current estimated results and annual budget. Identify factors impacting those results.  Work with the other departments at the refinery to provide variance analysis to refinery management, proactively identifying potential problems in the area of cost management allowing for timely corrective or other action as necessary.
    2. Transaction and Account Analysis (activities may involve some or all of the following) – Perform analysis of balance sheet accounts, including but not limited to, cash, fixed assets, prepaid assets, accrued liabilities, accounts payable, accounts receivable, payroll and benefit transactions. Provide explanations and trend analysis to management.  As required, perform transaction processing or account analysis associated with corporate consolidations, financial reporting and shareholder reporting.  Report results each quarter in Balance Sheet Review.  Provide support documentation to the auditors upon request.
    3. Assists in the compilation and analysis of the annual refinery operating expense budget. 
      • provides analysis of major variances between operating years and other time periods as requested by Refinery Management
      • Prepares various scheduled used for input to the expense budget, including energy usage, terminal fees due and amortization of turnaround, catalyst, software. Reviews schedules with appropriate operating department. 
      • Assists in the preparation of budget presentation to Refinery as well as Executive Management
    4. Calculate the internal costs incurred by CITGO related to affiliate transactions.  Ensure that CITGO’s best controls and processes are used as required by the agreements.  Update reports created to control the activity related to the agreements.  Provide support documentation to the auditors upon request.
    5. Cost center reconciliation – Analyze each month the activity of project related and special purpose cost centers. Evaluate the processes in this area as directed by department management. As required, perform transaction processing or account analysis associated with this area.  Identify any discrepancy and make the corrections if needed. .  Identify and recommend changes if needed.  Ensure accurate reporting.
    6. Special Projects – Perform analysis as requested by the department manager or Corporate Controller. Perform special projects associated with PDVSA.
    7. GAAP Accounting – Administer and troubleshoot Corporate and internal control concerns.  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

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