NGL Accounting/Control Analyst

INEOS USA LLC; League City (TX); On-site; USD 65,000 - 84,000; Full time

Job summary

INEOS Olefins & Polymers USA in League City, TX is seeking an NGL Accounting/Control Analyst. This role supports accounting functions for NGL and trading activities, ensuring timely and accurate book-keeping with a focus on payables and monthly closing.

Responsibilities include reconciling volumes, validating prices, processing SAP entries, cash forecasting, and assisting with monthly/weekly reports. Strong attention to detail and ability to work independently are required.

Qualifications

• Bachelor’s degree in Finance, Accounting or related field.
• Understanding of basic financial concepts and accounting techniques either from experience or formal training, especially the payables process.
• Further accounting awareness/experience beneficial.
• Working knowledge of the industry operations and key industry business drivers is a plus.

Responsibilities

• Reconciliation of volumes to 3rd party pipeline/inspection reports.
• Validation of prices through blotter records and OPIS pricing.
• Validation of trading deals in Right Angle based on blotter records.
• Create Purchase Orders and enter Goods Receipts in SAP.
• Create Sales Orders, Deliveries, and Invoices in SAP.
• Reconciliation of AP/AR balances between SAP and Right Angle.
• Cash forecasting on a weekly basis for cash team.
• 3rd party confirmations of purchases and sales.
• Load prices into Right Angle software used for deal capture and risk analysis.
• Update Pipeline Group Financial Outlook model monthly.
• Pricing analysis vs market pricing.
• Assist NGL Financial Analyst with Daily Position Report and Weekly Report.
• Perform month-end closing activities.

Education

Bachelor’s degree in Finance, Accounting or related field

Job description

Company: INEOS Olefins & Polymers USA

Interested in joining a winning team? A team whose employees are empowered to make a difference?

Job title: NGL Accounting/Control Analyst Grade 31

Locations: Marina View – League City, TX

Offer Range: $65,000 - $84,000 (commensurate with experience)

Company Overview

INEOS Olefins and Polymers USA is one of the largest integrated producers of olefins and polyolefins in North America. From its primary manufacturing locations at Chocolate Bayou, near Alvin, Texas and Battleground Manufacturing Complex in LaPorte, Texas, with significant operations at multiple sites in the US for WL Plastics, as well as smaller operations at Cedar Bayou. O&P USA, produces and/or markets of butadiene, ethylene, polypropylene, and high-density polyethylene, NGL feedstocks, and PE Plastic pipes with annual revenue of over $6 billion.

Role Summary

How the Role Fits In: The NGL Control Analyst is responsible for the ongoing support of the accounting function and book-keeping for the NGL and trading activities. The Main Purpose of the Role: Ensure that key accounting transactions, particularly for book-keeping related to purchase and sales of NGLs and other traded products are made in a timely and accurate manner. Also help reconcile key controls including counterparty confirmations and weekly cash forecasting.

Responsibilities and Accountabilities

• Reconciliation of all volumes to 3rd party pipeline/inspection reports.
• Validation of prices through blotter (Trader) records of agreed pricing and OPIS (pricing service) to calculate and/or validate purchase/sale pricing.
• Validation of trading deals in Right Angle based on blotter records.
• Create Purchase Orders and enter Good Receipts in SAP
• Create Sales Orders, Deliveries, and Invoices in SAP
• Validation of inventories via month-end reconciliations of inventories
• Reconciliation of AP/AR balances between SAP and Right Angle
• Processing and tracking of invoices and payments for feeds
• Cash forecasting on a weekly basis for cash team
• 3rd party confirmations of both purchases and sales.
• Loading prices into Right Angle software used for deal capture and risk analysis.
• Update Pipeline Group Financial Outlook model monthly
• Pricing analysis (current deals vs. market pricing)
• Backup and assist the NGL Financial Analyst for activities such as the Daily Position Report, Weekly Report, and other activities.
• Perform various closing activities for month end
• Participate in special projects from time to time, as directed by management.
• Other duties as assigned.

Education and Experience

• Bachelor’s degree in Finance, Accounting or related field required.
• Understanding of basic financial concepts and accounting techniques either from experience or formal training, especially the payables process.
• Further accounting awareness/experience beneficial.
• Working knowledge of the industry operations and key industry business drivers is a plus.

Skills and Competencies

• Attention to detail and inclined to work with large volumes of data and transactions.
• Strong organizational skills, follow-up and ability to work independently on assigned tasks.
• Team Work capabilities and excellent communication skills required.
• Analytical skills and familiarity with mid-office trading systems and processes is a plus.
• Creates an environment in which quality information flows freely between self and others; encourages open expression of ideas and opinions; ability to teach others effectively and communicate well across functional groups.
• Must have good communication skills (both written and verbal).
• Strong organizational and time management skills – ability to manage short deadlines.
• Visionary: Adapts to multiple/changing demands readily.
• Self-starting individual who can work with a minimal oversight/direction.

Culture & Values

Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance. On our team, people are acknowledged for embracing new practices that help create real value for customers. INEOS is a world class chemical company whose products touch every aspect of modern day life. Our company is comprised of 36 businesses with 194 sites in 29 countries throughout the world. We also have interests in consumer brands and sports on a global level. Safety is our number one core value. We also take pride in our culture of diversity, inclusion, sustainability and giving to the communities in which we live.

To learn more about our company and the story of our heritage, go to www.ineos.com.