Senior Technical Accountant - Derivatives & Trading

mpc; Findlay (OH); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health, vision and dental insurance

Paid time off

401k matching

Paid parental leave

Educational reimbursement

Job summary

Marathon Petroleum Corporation in Findlay, Ohio seeks a Senior Technical Accountant, Derivatives and Trading, to lead technical research and policy drafting under US GAAP for derivatives. You will partner with the finance and trading teams, external auditors, and management to ensure accurate reporting.

The role emphasizes developing processes, delivering training on derivative accounting, and supporting SOX compliance and policy consistency across the company.

Qualifications

• Bachelor’s degree in accounting
• CPA certification
• Minimum of 6 years relevant experience (mix of public accounting and industry)
• 2 years of Big 4 audit experience (strongly preferred)

Responsibilities

• Performs technical accounting research on derivative items, prepares memos, and assesses reporting impacts.
• Collaborates with Derivatives, SOX, Trading and Strategy to implement new derivative activity and controls.
• Works on projects to implement new accounting pronouncements related to derivatives.
• Prepares training programs on derivative accounting under ASC 815 for Controllership and other groups.
• Ensures consistent application of accounting policies for derivatives and trading activities.
• Assists cross-functional projects related to derivative accounting initiatives and SOX compliance.

Skills

Adaptability

Building Partnerships

Communication

Problem Solving

Project Management

Regulatory Compliance

Researching

Technical Knowledge

Technical Writing

Training & Development

Work Standards

Education

Bachelor’s degree in accounting

CPA

Job description

An exciting career awaits you

At MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Overview:

Reporting to the Technical Accounting & Financial Reporting Director, the Senior Technical Accountant, Derivatives and Trading, is responsible for researching, drafting, and communicating technical accounting policy related to derivatives under US GAAP. This position will have significant integration across the finance and trading organizations and require partnering with the company’s external audit firm and various members of management.

Key Responsibilities:

• Performs technical accounting research on all derivative related items, including preparation of technical memos, determination of financial reporting and disclosure impacts, and internal management reporting.


• Works with Derivatives accounting, SOX, Trading, Strategy and Derivative organizations to understand all new derivative trading activity and develop new processes and controls to ensure accurate accounting and reporting of derivative activity.


• Works on projects to implement newly issued accounting pronouncements relating to derivatives.


• Prepares training programs to support learning and development initiatives related to derivative accounting under ASC 815 for both Controllership and other organizations across the Company.


• Collaborates with internal partners on consistent and appropriate application of financial accounting policies and procedures related to derivatives and trading activity.


• Assists with cross-functional projects related to derivative accounting initiatives.


• Assists in maintaining and improving SOX compliance as it relates to derivative and technical accounting processes


• Identifies efficiencies and recommends ways to improve processes and standards.

Minimum Qualifications:

• Bachelor’s degree in accounting


• CPA required


• Minimum of 6 years relevant experience


• A mix of public accounting and industry experience


• 2 years of big 4 audit experience (strongly preferred)

Skills/Competencies:

• Adaptability


• Building Partnerships


• Communication


• Problem Solving


• Project Management


• Regulatory Compliance


• Researching


• Technical Knowledge


• Technical Writing


• Training & Development


• Work Standards

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location:

Findlay, Ohio

Additional locations:

Job Requisition ID:

00024304

Location Address:

539 S Main St

Education:

Bachelors: Accounting (Required)

Employee Group:

Full time

Employee Subgroup:

Regular

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenshipor any other status protected by applicable federal, state, or local laws.If you would like more information about your EEO rights as an applicant, click here.If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [e-mail]. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation.Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com. The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.Equal Opportunity Employer: Veteran / Disability

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.