CITGO Petroleum Corporation Financial Analyst- Shareholder Reporting in Houston, Texas
Relocation Benefits Not Available for this Position
Employer will not sponsor visas for position
This position is responsible for completing basic to moderately complex financial processes. This includes preparing accounting entries to properly record CITGO 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 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. Creative thinking skills are required for identifying issues before a potential problem is recognized. Perform analytical tasks independent of direct supervision.
College Degree (Bachelors Level) Acctg, Finance or Econ
At least 2 years experience with SAP or a similar ERP application.
Minimum 3 years of job related experience
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.
Extensive computer skills: Excel, Access, Word and the ability to maintain those skills as technology changes.
Work with limited supervision.
Influence the work of others.
Bilingual – English /Spanish
Monthly Analysis – Prepare and analyze comparison of current month results as well as current estimated results and annual budget. Identify factors impacting those results.
Transaction and Account Analysis (activities may involve some or all of the following) – Perform analysis of balance sheet accounts, including but not limited to, fixed assets, 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.
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. Provides support documentation to the auditors and PDVSA upon request. Report results each quarter in Balance Sheet Review.
Cost center reconciliation – Analyze each month the procurement service activity. 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.
Special Projects – Perform analysis as requested by the department manager or Corporate Controller. Perform special projects associated with PDVSA.
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. Identify emerging accounting issues before they have a negative impact on the area to which the analyst is assigned.
Requisition #: 2017-4568
External Company Name: Citgo Petroleum Corporation
External Company URL: http://citgo.com/Home.jsp