FP&A Lead Manager

CITGO Petroleum Corporation; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Remote work options

Annual vacation incentive

Company-paid holidays

Excellent 401(k) match

Pension plan

Educational assistance plan

Dependent gym membership reimbursement

On-site health clinic

Job summary

CITGO Petroleum Corporation, a leader in refining, seeks an FP&A Lead Manager to steer budgeting, forecasting and financial planning across business units. You will manage multiple FP&A sub-groups, mentor analysts, and drive strategic financial analysis in a fast-paced environment.

You will partner with Treasury, Accounting and Operations, delivering insights to executive leadership and ensuring robust financial models and reporting.

Qualifications

• Bachelor's degree in a related field.
• 8 years of job-related experience.
• Experience with SAP, Oracle ERP systems.
• Experience with EPM/FP&A platforms (Oracle Planning & Budgeting Cloud Service).
• Ability to translate operational drivers into financial impact.
• Knowledge of crack spreads, crude differentials, commodity price risk.
• Experience with dashboards or model delivery (Power BI) preferred.
• Strong analytical and problem-solving skills; team-oriented.

Responsibilities

• Lead and manage several FP&A sub-groups.
• Manage planning, budgeting, reporting and variance analysis.
• Provide business support decision analysis for units.
• Lead FP&A processes, forecasting and scenario planning.
• Translate operational activities into financial impacts for leadership.
• Mentor analysts and develop cross-training within the team.
• Ensure financial models are in place for reporting.
• Collaborate with Treasury, Accounting, Operations and business units.
• Deliver high-quality results and enterprise-wide alignment.

Skills

SAP

Oracle

EPM/FP&A platforms

Financial modeling

Power BI

Accounting knowledge

Strategic thinking

Strong communication

Education

Bachelor's degree

Tools

SAP

Oracle

Power BI

Job description

CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/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 approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.

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

Job Summary

• As a FP&A Lead Manager, your performance and contribution will achieve the following goals and objectives:
• Lead and manage several sub-groups within FP&A.
• Managing planning, budgeting, management reporting, and variance analysis processes
• Provide business support decision analysis for applicable business units
• Lead monthly, quarterly, and annual FP&A processes, including management reporting, variance analysis, forecasting, and scenario planning
• Understand key revenue drivers and translate them into actionable recommendations*
• Mentorship: Your skills will help develop the analysts of the future, advising best practices and advancement of skills.
• Manage the FP&A team's analytical capability and bench strength through direction, mentorship, and cross-training, and cultivate strong working relationships across Treasury, Accounting, Operations, and business units to ensure alignment on financial priorities. Manage ad hoc analyses and special projects to support evolving business needs and growth
• Ensure key financial models are in place for efficient and accurate reporting
• Collaborate proactively across business functions to deliver high-quality results
• Translate operational activities into financial impacts and recommendations to executive leadership including CEO, COO, and CFO
• Provides direction and leadership to employees. Coordinates employee development planning and intra-departmental coverage.
• Serve as a strategic partner and primary point of contact to Accounting, Operations, and business unit leaders, ensuring forecasts and plans reflect a consistent, enterprise-wide view.

Minimum Qualifications

• Bachelors degree
• 8 years job related experience
• ERP systems (SAP, Oracle) and EPM/FP&A platforms (Oracle Planning & Budgeting Cloud Service)
• Ability to translate operational drivers into financial impact and vice versa
• Industry-specific knowledge. Understanding crack spreads, crude differentials, commodity price risk, and how those cascade through margins
• Proficiency/prior experience with energy trading and risk management (ETRM) software platform preferred
• Background in a quantitative discipline, such as finance, economics, math, or engineering.
• Strong analytical and problem-solving skills; seeks big picture answers beyond immediate scope
• Fundamental knowledge of accounting and financial processes and reporting. Knowledge of SAP preferred
• Experience managing & taking ownership of financial models
• Experience with dashboards or model delivery (ex. Power BI) preferred
• Demonstrated ability to work in an extremely complex, dynamic and fast-paced team environment
• Strong communication skills (written and verbal)
• Ability to work effectively in a team environment

Job Duties

Business decision support: Work with various areas of the business to provide high quality advice on financial impacts through exceptional analytical and financial modeling skills.

Pro-actively work with the Business Units / Operations teams to better understand their business and key performance drivers to develop more robust planning processes.

Planning & forecasting: Lead the annual budgeting process and manage the development of financial forecasts. Responsible for tracking CITGO's financial performance against a plan, analyzing business performance and market conditions to create forecasts, and help senior management make tactical and strategic decisions by providing periodic reports. Conduct financial statement and general ledger analysis, including variance to forecast and prior year.

Management reporting: Provide regular updates on performance against Budget & Plan, identifying key variances and opportunities for improvement. Coordinate input from the department to develop weekly, monthly, quarterly and annual reports for presentation to Management. Drive the use of technology to automate data and/or work processes to generate efficiency.

Business analytics: Apply advanced analytical techniques to perform and coordinate complete analysis of a broad spectrum of business problems. Use key relationships, and knowledge of business strategy, trends and key events to identify new opportunities to improve business analytics, and performance management tools. Provide support and guidance to senior and executive management including CEO, COO, and CFO regarding financial and economic decisions. Create meaningful dashboards where appropriate.

Financial modeling: Develop the actual model structure, testing process and implementation of the financial model, and determine the best model delivery (i.e., using Power BI or MS Excel, etc.). Understanding how the financial models contribute to CITGO's EBITDA. Also, create the documentation for implementation of the models and the procedures on how to maintain the financial models.

Leadership: Mentor direct reports helping to develop best practices, innovation and creativity in the next level of analysts Also to facilitate cross-training within all areas of FPA.

Special projects: Oversee the design, preparation, and review of ongoing and ad hoc management reports. Lead other initiatives and special projects as directed by the Senior and Executive Management team such as software implementations and system design changes.

Job Duties II

Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.

Here are the incentives we offer:

• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Performance Incentive
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)

PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.