Manager Refined Products Accounting - Volumetric

CVR Energy, Inc.; Sugar Land (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Coffeyville Resources Crude Transportation is seeking a Senior Manager, Refined Products Accounting to lead the volumetric inventory close and related general ledger balances for the Petroleum segment. You will oversee reconciliation of pipeline, terminal, rail, and truck movements and ensure accurate COGS, inventory, and SOX controls.

The role requires a Bachelor's in Accounting or Finance, 6+ years in accounting with inventory experience, and strong Excel skills. CPA preferred.

Qualifications

• Bachelor’s degree in Accounting or Finance required.
• Master’s Degree or CPA preferred.
• CPA not required but strongly preferred.
• 6+ years of accounting experience, preferably in commercial activities in a downstream energy environment, including 2+ years in inventory accounting.
• 2+ years managing or supervising professional staff.
• Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls.
• Advanced Excel skills.
• Fluent in English, oral and written.
• Ability to adjust schedule to meet business needs.

Responsibilities

• Day-to-day management of the volumetric inventory close and related general ledger functions.
• Review and assist team in investigation and resolution of issues, when needed.
• Assist in inventory valuation calculations and COGS analysis.
• Prepare and review inventory roll-forwards and KPI reporting for management.
• Manage audit and review procedures with internal and external auditors.
• Ensure compliance with controls and SOX 404 training for the team.
• Develop and maintain cross-functional relationships with front/middle office and other groups.
• Lead cross-functional process improvement projects including close timelines and variance reduction.

Skills

Advanced Excel

SOX/compliance

Inventory accounting

Team leadership

GAAP

English fluency

Education

Bachelor's in Accounting/Finance

Master's degree preferred

CPA preferred

Tools

RightAngle ETRM

Oracle Financials

Job description

Owns the accuracy, integrity, and timely close of volumetric (barrel and gallon) inventory records and related general ledger balances for the Petroleum segment’s refined products and natural gas liquids (NGL) inventory. Leads a team that reconciles physical movements from pipelines, terminals, rail, and truck, and ensures inventory, cost of goods sold, imbalances, and gain/loss are reported accurately in compliance with US GAAP and internal controls. Key point of contact with commercial, mid-office, operational and yield accounting, third-party vendors, and internal and external auditors to resolve volume and financial issues quickly and strengthen procedures and controls.

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

Required

• 6+ years of accounting experience, preferably in commercial activities in a downstream energy environment, including 2+ years in inventory accounting.
• 2+ years managing or supervising professional staff.
• Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls.
• Advanced Excel skills.
• Fluent in English, oral and written.
• Ability to adjust schedule to meet business needs.

Preferred

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

Core Competencies

• Strong analytical and problem-solving skills; handles complex tasks with independent thought and analysis.
• Prioritizes competing projects and deadlines.
• Demonstrated competency of leadership and interpersonal skills with the ability to motivate, cross-train, and develop staff as a team leader.
• Attention to detail combined with sound judgment on materiality.
• Upholds accounting and ethical standards under close-deadline pressure.
• Demonstrated record of improving accounting processes and controls, such as shortening close timelines, reducing manual journal entries and spreadsheet reliance, or reducing recurring variances.

MAJOR ACCOUNTABILITIES

Close and Reconciliation

• Day-to-day management of the volumetric inventory flows within his/her area of responsibility associated with the Company's refining and marketing business. This includes all aspects of the monthly, quarterly, and annual closing processes, reconciliations and basic reporting functions associated with general ledger management, external and internal audit management.
• Review Assist his/her team in investigation and resolution, when needed.
• Assist in the preparation and reviews of various inventory valuation calculations, lower of cost or net realizable value analysis, and cost of goods sold.
• Prepare and review inventory roll-forwards, volumetric variance reports, and KPI reporting for management.

Controls and Audit

• Manage the audit and review procedures for areas of responsibility and provide information as needed to independent auditors and internal auditors.
• Ensure compliance and adherence to controls, educating the team is developed and understands their responsibilities under SOX 404.

Stakeholders and Third Parties

• Develop and maintain a strong, positive relationship with the front office, middle office, and other cross functional operational groups to meet objectives.
• Escalate issues or opportunities promptly to the Sr. Mgr. Refined Products Acctg. or peers, and lead people, process, system, or documentation changes.

Process Improvement

• Lead cross-functional efforts, including special projects, recurring analysis and reporting, in support of organizational objectives.
• Assist in the identification, evaluation, and prioritization of current business and system process optimizations associated with the refining, marketing, and logistics operations. Propose potential solutions to leadership.
• Oversee, develop, and cross-train accounting staff, fostering respect, teamwork, and continuous improvement.
• Update the Sr. Mgr. Refined Products Acctg. regularly on progress and concerns, and support special projects as needed.

EXPECTED RESULTS

• Accurate, timely and complete accounting of commercial activities for the Company's refining and marketing business within his/her area of responsibility.
• Strong understanding of people, process, and technology within areas of responsibility.
• Strong business partnerships with upstream and downstream cross functional teams.
• Adherence and ownership of SOX 404 controls.
• Effective team developed with appropriate cross training.
• Value-added reporting to business leaders.
• Accurate information for SEC filings.
• Adherence to all company policies and procedures.

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.