Manager Crude Valuation Accounting

CVR Energy, Inc.; Sugar Land (TX); In loco; USD 110.000 - 150.000; Tempo pieno

Descrizione del lavoro

Coffeyville Resources Crude Transportation is seeking a Supervisor, Crude Valuation to lead a team responsible for the valuation, costing, and reporting of crude oil and feedstocks. You will oversee ETRM recognition, general ledger accounting, inventory costing, settlements, and month-end close, ensuring accuracy and timely delivery.

The role requires 6+ years in accounting within crude/feedstocks, strong GAAP/SOX knowledge, and proven leadership.

Competenze

• 6+ years progressive accounting in crude/feedstocks
• 2+ years inventory costing and valuation (FIFO)
• 2+ years supervising staff
• Strong knowledge of GAAP, Sarbanes-Oxley and internal controls
• Advanced Excel skills
• Fluent in English (oral and written)

Mansioni

• Oversee valuation, costing, and reporting for crude and feedstocks
• Manage month-end close for crude, feedstocks, and related activities
• Review and approve journal entries, valuations, accruals, and workpapers
• Lead and develop a team of crude valuation accountants
• Escalate complex valuation and accounting issues as needed
• Coordinate responses to internal and external audits and SOX controls
• Communicate valuation drivers and variances to partners and leadership
• Maintain procedures and cross-training to ensure continuity

Conoscenze

Advanced Excel

Leadership

GAAP

SOX

English

Formazione

Bachelors in Accounting/Finance

Masters or CPA preferred

Strumenti

ETRM RightAngle

Oracle Financials

Descrizione del lavoro

Reporting to the Sr. Manager, Crude & Feedstocks Accounting, the Supervisor, Crude Valuation leads a team of accountants responsible for the timely and accurate valuation, costing, and reporting of CVR Energy’s crude oil and feedstock purchases, inventories, and consumption. This position oversees energy, trading, and risk management (ETRM) recognition, general ledger accounting, inventory costing and valuation, month-end close, reconciliations, settlements, and analysis supporting lease crude purchasing, intermediary purchasing, and transportation operations. Directs daily team activities, reviews work for accuracy and completeness, coaches and develops staff, and ensures SOX compliance across all processes within the area of responsibility. Serves as a key point of contact for front office, middle office, Commercial, operations, FP&A, accounting management, customers, vendors, and internal and external auditors. Resolves complex valuation and accounting issues, explains financial impacts to business partners, and drives improvements to processes, systems, and controls so results are complete, supportable, and clearly communicated.

EDUCATION REQUIREMENTS

• Bachelor’s degree in Accounting or Finance required.
• Master’s Degree or Professional Accounting Certification preferred.
• CPA is not required but strongly preferred.

EXPERIENCE REQUIREMENTS

Required

• 6+ years of progressive accounting experience, preferably in crude, feedstocks, or other downstream energy commercial activities.
• 2+ years of inventory accounting experience, including costing and valuation methods (FIFO).
• 2+ years supervising or leading staff, including assigning work, reviewing deliverables, and coaching.
• Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls, with experience supporting internal and external audits.
• Advanced Excel skills.
• Fluent in English, oral and written.

Preferred

• Experience with Right Angle’s ETRM application (strongly preferred).
• Experience with Oracle Financials.

Core Competencies

• Strong analytical mindset and attention to detail, able to explain valuation results, variances, and financial impacts to both accounting and non-accounting audiences.
• Demonstrated record of process improvement, with strong curiosity for understanding and improving end-to-end structures, systems, and processes.
• Ability to handle complex tasks requiring independent thought, analysis, and sound judgment, and to elevate matters appropriately.
• Manages priorities and deadlines for self and team; flexible schedule as needed.

MAJOR ACCOUNTABILITIES

Valuation, Close, and Reconciliation

• Oversee daily crude oil and feedstock valuation and accounting activities supporting the Company’s refining, marketing, and logistics business, including ETRM recognition, general ledger management, inventory costing and valuation, settlements, reconciliations, and reporting.
• Direct monthly, quarterly, and annual close processes for crude oil, feedstocks, , intermediary purchasing, transportation, and related commercial activities, ensuring deadlines are met and results are complete and supportable.
• Review and approve journal entries, inventory valuations, , accruals, and workpapers.
• Analyze and explain crude and feedstock valuation results, estimate-to-actual variances, inventory movements, and financial statement fluctuations, and communicate key drivers and financial impacts to the Sr. Manager and business partners.
• Lead, supervise, and develop a team of crude valuation accountants: assign and prioritize work, set performance expectations, hold one-on-ones, coach, and participate in hiring, onboarding, and performance reviews.
• Serve as the primary escalation point for the team, resolving complex valuation, settlement, and accounting issues and escalating significant matters to the Sr. Manager in a timely manner.
• Act as the team’s subject matter expert on crude inventory accounting and ancillary fees, explaining the financial impact of inventory flows and related variances
• Maintain desktop procedures and documentation; implement cross-training and backup coverage plans to promote continuity and knowledge transfer.
• Update the Sr. Manager, Crude & Feedstocks Accounting regularly on team deliverables, workload, risks, and resource needs, and serve as backup to the Sr. Manager as needed.

Stakeholders and Third Parties

• Build strong relationships with front office, middle office, Commercial, operations, FP&A, accounting management, customers, vendors, and other cross-functional partners; represent the team in cross-functional discussions.
• Oversee third-party relationships, including statement reconciliations, billing support, payment issue resolution, and periodic billing for third-party transportation services performed by CVR Energy.

Process Improvement and Projects

• Lead process and system improvement initiatives, including RightAngle and Oracle enhancements, automation, and standardization opportunities; present recommendations to leadership.
• Lead special projects and perform additional accounting duties as assigned.

Controls and Audit

• Own the design, execution, and documentation of SOX 404 and other internal controls within the area, ensuring compliance with contracts, company policies, and accounting standards, and remediating control gaps when identified.
• Coordinate the team’s response to internal and external audit requests, ensuring documentation is complete, accurate, and timely.

EXPECTED RESULTS

• Crude oil and feedstock valuation, inventory costing, and related commercial accounting results are accurate, timely, complete, and appropriately supported.
• Close, settlement, reconciliation, billing, and reporting deliverables meet deadlines with minimal post-close adjustments; issues identified and escalated promptly.
• Valuation results, variances, and financial impacts are clearly explained and provide useful insight to leadership and business partners.
• The team is well-trained, engaged, and appropriately cross-trained, with clear expectations, balanced workloads, and documented procedures that support continuity.
• The incumbent demonstrates strong command of the people, processes, technology, systems, and controls within the area of responsibility and is viewed as a trusted resource.
• Strong partnerships are maintained with upstream, downstream, front office, middle office, operational, finance, customer, vendor, and audit partners.
• Processes within the area adhere to SOX 404, company policies and procedures, contracts, accounting standards, and applicable control requirements, with no significant audit findings.
• Process and system improvements deliver measurable gains in efficiency, accuracy, and control.

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.