Senior Technical Accountant - Derivatives & Trading

Marathon Petroleum Corporation; Findlay (OH); On-site; USD 110,000 - 140,000; Full time

Job summary

Marathon Petroleum Corporation in Findlay, Ohio seeks a Senior Technical Accountant specializing in derivatives and trading to research, draft, and communicate ASC 815 accounting policies and ensure accurate financial reporting.

This role collaborates with finance, trading, and external auditors, develops processes, trains teams, and drives SOX governance for derivative activities. Excellent analytical and communication skills are essential.

Qualifications

• Adaptability.
• Building Partnerships.
• Communication.
• Problem Solving.
• Project Management.
• Regulatory Compliance.
• Researching.
• Technical Knowledge.
• Technical Writing.
• Training & Development.
• Work Standards.

Responsibilities

• Performs technical accounting research on derivative items, incl. memos and reporting impacts.
• Collaborates with Derivatives accounting, SOX, Trading, Strategy and Derivative teams to support new activities.
• Implements new accounting pronouncements related to derivatives.
• Prepares training programs on ASC 815 derivative accounting for Controllership and other units.
• Works with internal partners to apply policies consistently for derivatives and trading.
• Assists cross-functional projects related to derivative accounting initiatives.
• Supports SOX compliance related to derivative and technical accounting processes.
• Identifies efficiencies and recommends process improvements.

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

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, citizenship or 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:

• access to health, vision, and dental insurance
• paid time off
• 401k matching program
• paid parental leave
• 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.