Advisor II, Product Control

Phillips 66; Houston (TX); On-site; USD 109,000 - 133,000; Full time

Benefits offered by this job

VCIP bonus

8% 401k company match

Cash Balance Pension

Medical, Dental, Vision benefits

Job summary

Phillips 66 is seeking an Advisor II, Product Control in Houston to independently execute daily and monthly product control activities for assigned books, improving P&L transparency and reporting quality.

The role requires deep knowledge of commodity valuation, trade lifecycle, and control processes, with opportunities to mentor teammates and lead process improvements across Trading, Front Office, Operations, Risk, FP&A, and Accounting.

Qualifications

• Legally authorized to work in the United States.
• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Math, or a related field.
• 3+ years of experience in product control, middle office, finance, accounting, or a related field.
• Advanced proficiency in Microsoft Excel.
• Intermediate proficiency in PowerBI.
• Strong quantitative, critical reasoning, and problem-solving skills, with the ability to investigate variances and work through moderately complex issues with limited oversight.
• Strong attention to detail and clear communication with technical and nontechnical stakeholders.

Responsibilities

• Prepare timely and accurate exposure and P&L reporting for assigned books or portfolios with increasing independence.
• Perform daily and monthly product control activities, including P&L explained, value at risk, and drawdown analysis; investigate variances.
• Interpret position, exposure, and valuation data; challenge assumptions and identify issues affecting trade capture, valuation, settlements, or reporting accuracy.
• Partner with Trading or Front Office, Operations, Risk, FP&A, and Accounting to investigate and resolve issues and align reporting outcomes.
• Support month-end close and mark-to-market to GAAP processes for assigned areas.

Skills

Advanced Excel

PowerBI

Quantitative skills

Attention to detail

Communication skills

Education

Bachelor’s degree in Finance, Accounting, Economics, Engineering, Math, or related field

Tools

Openlink

Endur

Allegro

SAP

Job description

Phillips 66 & YOU - Together we can fuel the future

As the Advisor II, Product Control, you’ll independently execute daily and monthly product control activities for assigned books or portfolios while strengthening the quality, accuracy, and transparency of P&L and risk reporting. This role is best suited for someone who can manage routine and moderately complex deliverables, investigate variances with sound judgment, and collaborate effectively across Trading, Front Office, Operations, Risk, FP&A, and Accounting.

You’ll apply a solid understanding of commodity valuation, trade lifecycle activity, settlements, and control processes to resolve issues, communicate insights, recommend improvements, and elevate complex exceptions appropriately. You’ll also serve as a knowledgeable resource to less experienced team members and contribute to initiatives that improve reporting quality and control effectiveness.

What You’ll Do

• Prepare timely and accurate exposure and profit and loss reporting for assigned books or portfolios with increasing independence and accountability.
• Perform daily and monthly product control activities, including P&L explained, value at risk, and drawdown analysis; investigate material and moderately complex variances.
• Interpret position, exposure, and valuation data; challenge assumptions and identify issues affecting trade capture, valuation, settlements, or reporting accuracy.
• Partner with Trading or Front Office, Operations, Risk, FP&A, and Accounting to investigate and resolve issues and align reporting outcomes.
• Support month-end close and mark-to-market to GAAP processes for assigned areas, including the preparation of appropriate control support and audit evidence.
• Apply working knowledge of commodity valuation concepts and trade lifecycle activity to explain results, identify trends, and escalated complex valuation or methodology questions.
• Contribute to process improvements that increase efficiency, control effectiveness, reporting clarity, or stakeholder transparency; lead smaller improvements as appropriate.
• Share technical knowledge, provide informal guidance to less experienced analysts, and contribute to team capability development.
• Continue professional development while building broader commercial, systems, and cross-functional knowledge.

What You’ll Bring – Required

• Legally authorized to work in the United States
• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Math, or a related field
• 3 or more years of experience in product control, middle office, finance, accounting, or a related field
• Advanced proficiency in Microsoft Excel
• Intermediate proficiency in PowerBI
• Strong quantitative, critical reasoning, and problem-solving skills, including the ability to investigate variances, challenge assumptions, and work through moderately complex issues with limited oversight
• Strong attention to detail and communication skills, with the ability to explain financial and risk information clearly to technical and nontechnical stakeholders

What Makes You Stand Out – Preferred

• Experience in a market risk or energy commodity trading environment, especially in Renewables
• Experience with ETRM platforms such as Openlink, Endur, Allegro, or SAP
• working knowledge of ETRM systems, trade lifecycle activity, settlements, and accounting Rightangle, Openlink
• Understanding of commodity valuation concepts such as basis, location spreads, and storage
• Basic to intermediate SQL, VBA, or Python skills for data modeling, reporting, or variance analysis
• Experience with Power BI or similar visualization and reporting tools
• Knowledge of options, Greeks, storage valuation, or other advanced commodity valuation concepts
• Experience partnering with Market Risk on value at risk or stress-testing methodology, or supporting audit evidence and remediation activities
• Professional certifications such as FRM or CFA

Compensation Range

This position has a base salary range of $108,900 – $133,100.

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role’s requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

Total Rewards

Benefits

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being - physical, emotional, social, and financial - is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results - personally and professionally. Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, cultivate an environment of trust, seek different perspectives and pursue excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.

Phillips 66 is an Equal Opportunity Employer