Accountant II - Inventory Refined Products Accounting

CVR ENERGY; Paynes (TX); On-site; USD 65,000 - 95,000; Full time

Job summary

CVR Energy, Inc. is seeking an Inventory Volumetric Accountant to reconcile inventory across company-owned and third-party locations, ensuring accurate records and timely financial reporting.

The role requires a bachelor’s degree in accounting or finance, 2+ years of related experience (energy industry preferred), and strong reconciliation, analytical, and communication skills. Knowledge of ETRM systems is a plus, with a focus on process improvement and automation.

Qualifications

• Bachelor’s degree in accounting or finance required.
• 2+ years related experience required.
• Energy industry experience preferred.
• Experience with Right Angle’s ETRM strongly preferred.
• Strong reconciliation, analytical, and communication skills.

Responsibilities

• Reconcile inventory balances with internal and external stakeholders.
• Analyze pipeline tickets, terminal reports, rail reports and refinery tank balances.
• Prepare and record journal entries for accruals and volumetric activity.
• Monitor take-or-pay contracts and related activity to identify volume shortfalls.
• Research and resolve BOL matching issues that result in inventory discrepancies.
• Identify opportunities to automate manual tasks.
• Collaborate with yield accounting, operations, billing, commercial and marketing.
• Maintain clear documentation of procedures and exceptions.
• Work on special projects as assigned.
• Ensure compliance with internal controls and company policies related to inventory controls.

Skills

Reconciliation

Problem solving

Communication

Flexibility

Education

Bachelor’s degree in accounting or finance

Tools

ETRM system

Job description

Accountant II - Inventory Refined Products Accounting

#1914

Job Description

POSITION SUMMARY

The Inventory Volumetric Accountant is responsible for reconciling inventory activity across company-owned and third-party locations to ensure accurate inventory records and financial reporting. The position supports multiple refining locations, researches and resolves inventory discrepancies, develops expertise in inventory accounting and business processes, and contributes to process improvement and automation efforts.

EDUCATION REQUIREMENTS

• Bachelor’s degree in accounting or finance required.

EXPERIENCE REQUIREMENTS

• 2+ years related experience required.
• Experience within energy industry preferred.
• Experience with Right Angle’s ETRM application is strongly preferred.
• Reconciliation Skills: Ability to reconcile large volumes of data, with a strong attention to detail.
• Problem-Solving Skills: Excellent analytical and problem-solving abilities to identify and resolve issues.
• Communication Skills: Strong verbal and written communication skills to effectively collaborate with internal and external stakeholders. Fluent in English, oral and written required.
• Flexibility: Ability to prioritize tasks and adjust work schedule to meet the business needs of the organization.

MAJOR ACCOUNTABILITIES

• Reconcile Inventory Balances: Work with internal and external stakeholders to reconcile assigned inventory locations and investigate and resolve discrepancies to ensure transactions are booked accurately and timely.
• Analysis: Analyze and interpret documents such as pipeline tickets, terminal reports, rail reports and refinery tank balances.
• Journal Entries: Prepare and record journal entries for accruals and volumetric activity in accordance with established accounting procedures.
• Contract Analysis: Monitor take-or-pay agreements and related activity to identify volume shortfalls, assess potential financial impacts, and ensure appropriate accruals are recorded.
• Exception Reporting: Monitor and reconcile inventory positions, coordinating with Marketing and Actualization teams to research and resolve BOL matching issues that result in inventory discrepancies
• Process Improvement: Where applicable, this position will identify and implement opportunities to automate manual tasks, saving time and reducing human error.
• Cross functional collaboration: Work with various departments including yield accounting, operations, billing, commercial and marketing to understand daily inventory movements and trade related activity.
• Documentation: Maintain clear and concise documentation of procedures and exceptions.
• Special Projects: Work on special projects as assigned.
• Compliance: Ensure compliance with internal controls and company policies related to inventory controls.

EXPECTED RESULTS

• Robust Data Integrity and Reporting:
  • High Data Quality: Inventory reconciliations are completed timely with reconciling items and discrepancies explained clearly and aged items are resolved timely.
• Compliance: Adherence to internal policies and external regulatory requirements related to commodity movements and inventory. Maintain and document effective controls over material and inventory processes for internal and external audits.
• Streamlined Operational Efficiency:
  • Automated Processes: Where applicable, this position will identify and implement opportunities to automate manual tasks, saving time and reducing human error.
  • Improved Cross-Functional Collaboration: Effective communication and collaboration with operations, yield accounting, billing, and commercial and marketing teams to ensure strong partnerships are established and maintained. Serve as SME in system implementations, upgrades, and audit walkthroughs.

Applicants must be eligible to work in the United States. The Company will not sponsor immigration or work visas.

CVR Energy is an Equal Employment Opportunity employer. We encourage qualified minority, female, veteran, and disabled candidates to apply.