Derivative Technical Accounting Anlyst

CITGO Petroleum Corporation in; Houston (TX); On-site; USD 60,000 - 95,000; Full time

Job summary

An established industry player is seeking a Derivative Technical Accounting Analyst to join their dynamic finance team. This role is pivotal in ensuring accurate documentation and reporting of derivative transactions, collaborating with various departments to maintain compliance with accounting standards. The ideal candidate will possess strong analytical skills and a solid understanding of commodity derivatives. With a commitment to employee development, the company offers a range of benefits including flexible schedules and educational assistance, making this an exciting opportunity for professionals looking to grow in a supportive environment.

Benefits

Remote work options

Flexible schedules

Paid time off

Comprehensive health plans

Retirement options

Educational assistance

Employee discounts

Onsite amenities

Qualifications

• 2+ years of relevant experience in derivative accounting.
• Active CPA certification preferred but not mandatory.

Responsibilities

• Prepare derivative-related journal entries and conduct month-end closing activities.
• Generate reports and analyses for financial statements and disclosures.
• Assist in developing derivative accounting policies and procedures.

Skills

Commodity derivatives understanding

Accounting principles

Analytical skills

Written communication

Verbal communication

Education

Bachelor's Degree

Job description

Derivative Technical Accounting Analyst (Finance)

CITGO PETROLEUM CORPORATION

CITGO Petroleum Corporation is a recognized leader in the refining industry, operating under the well-known CITGO brand. The company owns and operates three refineries in Lake Charles, LA; Lemont, IL; and Corpus Christi, TX. It also owns or jointly owns 38 active terminals, six pipelines, and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of around 807,000 barrels per day (bpd), CITGO is among the top branded suppliers in the industry.

At CITGO, our people are our most valuable resource. Our core values include Safety, Integrity, Respect, Accountability, and Care.

Job Summary

This role is responsible for ensuring derivative accounting transactions are properly documented, accounted for, and reported, under the supervision of the Manager of Derivatives & Technical Accounting. Responsibilities include preparing derivative-related journal entries, performing internal control procedures such as reconciliations, preparing monthly estimates and earnings analysis, and supporting internal and external reporting functions. The position requires collaboration with various departments such as Risk & Pricing, Supply & Marketing, and Accounting.

Minimum Qualifications

• Bachelor's Degree
• At least 2 years of relevant experience
• Understanding of commodity derivatives and applicable accounting principles
• Excellent written and verbal communication skills
• Ability to work independently with limited supervision
• Strong analytical skills
• Active CPA certification preferred

Key Responsibilities

1. Perform daily derivative accounting processes, prepare journal entries, and conduct month-end closing activities, coordinating with relevant teams to ensure accurate transaction recording and compliance with accounting standards.
2. Generate reports and analyses for routine and special reporting needs, including estimates, earnings, and disclosures for quarterly and annual financial statements.
3. Assist in developing and implementing derivative accounting policies and procedures, ensuring organizational compliance.
4. Perform additional duties as assigned.

Additional Information

Note: Responsibilities may vary based on site-specific needs.

Perks and Benefits

We offer various incentives, including remote work options, flexible schedules, paid time off, comprehensive health plans, retirement options, educational assistance, employee discounts, and onsite amenities at select locations. Please note that not all perks are available for all positions.

All qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Requisition ID - 1104