Sr. Inventory Accounting Analyst

Par Pacific Holdings, Inc.; Houston (TX); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

Paid time off

401(k) with company match

Educational reimbursement

Stock Purchase Program

Job summary

Par Pacific Holdings, Inc. is seeking a Sr. Inventory Accounting Analyst in Houston to partner with Yield Accounting, Logistics, Billing, Tax, and Settlements to analyze monthly movements across multiple transportation modes.

The role owns inventory reconciliation across refining locations and contributes to process improvements and automation. You will report to the Inventory Accounting Manager and be responsible for booking/reconciling volumetric movements, preparing monthly refinery yield

Qualifications

• Bachelor's degree in accounting or finance required.
• Minimum 2 years Oil & Gas Accounting experience.
• GAAP knowledge and application to company needs.
• Experience with hydrocarbon terminals, refineries and transport modes.
• SAP MM modules experience required.
• Proficiency with MS Office (Outlook, Excel, Word) preferred.
• Strong attention to detail and organization.
• Ability to research, solve problems, and propose improvements.
• Ability to work independently in a rapidly changing environment.
• Strong verbal and written communication; English fluency.
• On-site Monday–Thursday; some remote Fridays.

Responsibilities

• Work with yield accounting, logistics, billing, tax, settlements to understand daily inventory movements.
• Analyze pipeline tickets, terminal, rail, refinery reports and tank balances.
• Transact inventory movements in SAP movement ledger.
• Perform periodic volumetric reconciliations between subledgers and SAP movement ledger.
• Prepare monthly refinery yield analysis.
• Document monthly control activities for audits.
• Review current period purchases and settlements related to title transfer and liabilities.
• Prepare and oversee month-end reconciliations for exchange activity.
• Perform other duties and special projects.

Skills

Attention to detail

Independent work

Problem solving

Oral and written communication

Fluent English

Education

Bachelor's degree in accounting or finance

Tools

SAP MM modules

MS Office Suite

Job description

Sr. Inventory Accounting Analyst

The Opportunity

• Sr. Inventory Accounting Analyst at a growth-oriented downstream energy company
• Partner with Yield Accounting, Logistics, Billing, Tax, and Settlements teams to understand and analyze monthly crude and refined product movements across multiple transportation modes.
• Take ownership of inventory reconciliation across multiple refining locations while developing deep expertise in the business. Become a subject matter expert and key contributor to process improvement and automation, helping streamline operations and improve efficiency.
• Reporting to the Inventory Accounting Manager, you will be responsible for booking and reconciling volumetric movements related to our Refining business segment. This will be integral to the organization you support; providing accurate and timely reconciliations that will facilitate business decisions

Key activities include:

• Work with various departments including yield accounting, logistics, operations, billing, tax, and settlements to understand daily inventory movements and trade related activity.
• Analyze and interpret documents such as pipeline tickets, terminal reports, rail reports and refinery tank balances.
• Transact inventory movements for refineries, terminals, rail, and pipelines in the SAP movement ledger.
• Perform periodic volumetric reconciliations between the inventory subledgers and SAP movement ledger and resolve discrepancies as needed.
• Prepare monthly refinery yield analysis
• Document monthly control activities for Internal/External Audits
• Review the accounting of current period purchases and settlements as it relates to, title transfer, current liabilities, and overall balance sheet presentation.
• Prepare and oversee month-end reconciliations for exchange activity and resolve discrepancies as needed.
• Perform other duties and special projects as assigned

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.

• Bachelor's degree in accounting or finance required
• Minimum 2 years of Oil & Gas Accounting related experience is required
• Understanding of generally accepted accounting principles (GAAP), theories, and ability to apply them to the Corporation's accounting needs required
• Strong understanding of the business processes of hydrocarbon terminals, refineries, and their associated modes of transporting products
• Experience with SAP, specifically MM modules required.
• Proficiency with MS Office Suite (Outlook, Excel, Word, etc.) preferred
• Strong attention to detail and organization
• Ability to research, solve problems, and take initiative to recommend process improvements
• Ability to work well independently and deal effectively in a rapidly changing environment
• Strong verbal and written communication skills required
• Fluent in English, both oral and written required
• Ability to work in office Monday through Thursday required with remote work option available on Friday

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.