Settlements Analyst

Parpacific; Houston (TX); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical, dental & vision insurance

401(k) with company match

Educational reimbursement

Employee stock purchase program

Job summary

Par Pacific is seeking a Settlements Analyst in Houston, TX to support the purchase and settlement of crude and refined products. You will collaborate with Commercial and Accounting teams, gaining exposure to SAP, trading systems, and multi-state operations across TX, WY, MT, WA and HI.

Success requires analytical thinking, attention to detail, and experience in payables/billing. This is a full-time, on-site opportunity with growth potential in a growing energy company.

Qualifications

• Bachelor’s degree in Business, Economics or related field strongly preferred.
• Minimum 1 year of payables, billing, or operational accounting experience preferred.
• Strong analytical and problem resolution skills required.
• Fluent in English, both oral and written.
• Proficiency with Microsoft Excel and Word, including complex spreadsheets.
• Oil & Gas/Energy industry experience preferred; SAP experience preferred.

Responsibilities

• Verify commodity and secondary cost invoices against system accruals.
• Coordinate with Logistics, Accounts Payable and Treasury on timely settlement of invoices.
• Troubleshoot pricing discrepancies through system analysis with Logistics and Commercial.
• Coordinate with Accounting on month-end accruals for unpaid items.
• Track invoices to ensure timely payments; resolve discrepancies with third parties.
• Maintain master data in Trade Capture system to interface with SAP.

Skills

Analytical skills

Problem solving

Fluent English

Excel & Word

Attention to detail

SAP experience (preferred)

Education

Bachelor’s degree in Business/Economics or related field

High school diploma or equivalent

Tools

SAP

ETRM systems (Allegro)

Job description

Job Location (Short): Houston, TX, USA, 77024

Settlements Analyst

The Opportunity

• Settlements Analyst at a growth-oriented energy company
• Gain broad commercial exposure by playing a key role in the purchase of crude and refined products, with opportunities to work across multiple regions and learn the unique processes that support each market.
• Collaborate across the business with Commercial and Accounting teams while gaining exposure to Par Pacific’s diverse, multi-state operations spanning Texas, Wyoming, Montana, Washington, and Hawaii.
• Build your skills and grow your career by developing expertise in SAP, our financial ERP system, and our trading platform while expanding your knowledge of the energy industry and our business operations.
• Reporting to the Refined Products Manager of Settlements, this position will leverage accounts payable and accounts receivable experience to support commercial & logistics operations to ensure timely settlement and accurate accounting of physical commodity transactions both in SAP and our trading system.

Key activities include:

• Verify commodity and secondary cost invoices against system accruals
• Coordinate with Logistics, Accounts Payable, and Treasury on timely settlement of third-party invoices
• Troubleshoot pricing discrepancies through system analysis and coordination with Logistics and Commercial
• Coordinate with Accounting on month-end accruals for unpaid items
• Track third-party invoices received to ensure all payments processed timelyCommunicate with third party vendors to resolve invoice discrepancies
• Coordinate with Contracts & Master Data group to ensure Trade Capture system master data maintained effectively to facilitate interfaces to SAP
• Maintain proper documentation to support quarter and year-end audit requests
• Complete special projects, as assigned
• Perform other duties as assigned and ensure consistent adherence to the company’s policy and procedures

Note: This description is intended to give you a general overview of the position. Additional responsibilities and opportunities may be identified based on current business needs.

Qualifications

To meet the basic qualifications for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship.

Additional qualifications include:

• High school diploma or equivalent required; Bachelor’s degree in Business, Economics or related field strongly preferred
• Minimum 1 year of experience in payables, billing, or operational accounting preferred
• Strong analytical and problem resolution skills required
• Fluent in English, both oral and written required
• Proficiency with Microsoft Excel and Word, including complex/compound spreadsheets required
• Strong attention to detail and accuracy required
• Ability to work closely with logistics operations, accounting, and treasury required
• Ability to think critically, evaluating issues, and to enable decision-making required
• Oil & Gas/Energy industry experience preferred
• Allegro or other ETRM experience preferred
• Knowledge of truck, rail, and pipeline modes of transportation preferred
• SAP experience preferred

About Us

At Par Pacific, we own and operate market-leading energy and infrastructure businesses in logistically complex markets. We have built a team of downstream industry veterans and subject matter experts to lead our organization with an entrepreneurial spirit and a collaborative, problem solving approach. We bring our diverse strengths and motivation to complex markets where we seek out diamonds in the rough. As a nimble, growing organization, we actively pursue new opportunities with corporate financing know-how, respond to local market demands, and adapt to changing external environments.

More Good Reasons to Work for Par Pacific

Unique Culture and RICH Values

There is nothing ordinary about Par Pacific -- a niche player in the energy space. And there's certainly nothing ordinary about Par Pacific employees. We are driven, hardworking, entrepreneurial-minded professionals who love to win. Our RICH values describe how we approach our work: Respect for Others, Integrity, Collaborative Innovation, and Heart. If that describes you, you'll fit right in.

Location, Location, Location

Because Par Pacific operates in some of the most beautiful places throughout the country, our employees get to make these places their home and enrich their lives. The office where you'll work is in the CityCentre in Houston, Texas, located on the west side of Houston near I-10 and the Sam Houston Tollway. It's a vibrant area of the city with plenty of places for lunch or to wind down after work.

Opportunistic Growth Strategy

At Par Pacific, we look for operations with strong fundamentals and great employees who can move a business forward. Our management team has deep experience in the energy industry, as well as in leading mergers, acquisitions, and integrations of newly acquired companies.

Focused on the Future

We are an energy company that has recognized the imperative and embraced the opportunity to begin the transition from fossil fuels. We are developing products that help reduce greenhouse gas emissions.

Excellent Compensation and Benefits

In addition to a competitive salary, we offer a strong comprehensive benefits package that includes medical, dental and vision insurance, a robust allotment of paid time off, a 401(k) with company match, retirement savings plans, educational reimbursement, and more. Full-time employees (and their families) are offered medical (with prescription coverage), dental, vision, voluntary critical illness, accident, life/AD&D insurance, Flexible Spending Account and Employee Assistance Program. Employees can purchase company stock at discounted prices through the Employee Stock Purchase Program.

Our Headquarters

Par Pacific Holdings, Inc., based in Houston, Texas, owns, manages and maintains interests in energy and infrastructure businesses. We are a growing energy company focused on renewable and conventional fuels in the Western United States. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado. Our common stock is publicly traded on the NYSE under the trading symbol "PARR".

Our Refineries and Logistics Operations

We own and operate refineries in Hawaii, Montana, Washington, and Wyoming, with total operating throughput capacity of over 219 Mbpd. Par Pacific owns and operates one of the largest energy networks in Hawaii with 94,000 bpd of operating refining capacity, a logistics system supplying the major islands of the state and 90 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 125,000 bpd of combined refining capacity and related multimodal logistics systems.

Our Retail Operations

We own and operate over 90 retail locations in Hawaii under the Hele and 76 brands and over 30 retail locations in Washington and Idaho under the nomnom brand.

Par Pacific Is an Equal Opportunity Employer

Par Pacific prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, genetic information or any other status protected by applicable law.

Note: Par Pacific will not accept calls or unsolicited resumes from third-party recruiters. All candidates are required to apply through this web posting.