Senior Technical Accountant - Derivatives & Trading

4500 Marathon Petroleum Company LP; Findlay (OH); On-site; USD 110,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

Paid time off

401k matching

Parental leave

Education assistance

Job summary

Marathon Petroleum Corporation LP in Findlay, Ohio, seeks a Senior Technical Accountant, Derivatives and Trading, to research and draft ASC 815 derivative accounting policy and support the company’s financial reporting.

You will collaborate with Derivatives accounting, SOX, Trading, Strategy and Derivative teams, develop new controls, deliver training, and help strengthen SOX compliance across the organization.

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)

Responsibilities

• Researches technical accounting on derivative items, prepares memos, and assesses reporting impacts.
• Collaborates with Derivatives accounting, SOX, Trading, Strategy and Derivative teams to implement processes and controls for new derivative activity.
• Works on projects to implement newly issued accounting pronouncements relating to derivatives.
• Prepares training programs to support learning and development related to derivative accounting under ASC 815.
• Partners with internal teams for consistent application of derivative accounting policies.
• Assists in cross-functional derivative accounting projects.
• Maintains and improves SOX compliance as it relates to derivative and technical accounting processes; identifies efficiencies.

Skills

Adaptability

Building Partnerships

Communication

Problem Solving

Project Management

Regulatory Compliance

Researching

Technical Knowledge

Technical Writing

Training & Development

Work Standards

Education

Bachelor's in Accounting

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.

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

Location

Findlay, Ohio

Additional locations: Job Requisition ID: 00024304 Location Address: 539 S Main St

Education

Bachelors: Accounting (Required)

Employment Group

Full time Employee Subgroup: Regular

Equal Opportunity Employer

Marathon Petroleum Corporation 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 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.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.