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Settlements Manager

2 months ago

Houston, United States Par Pacific Full time

The Opportunity 

  • Settlements Manager at a growth-oriented energy company
  • Reporting to the Vice President of Mid Office, this position will be responsible for leading the team accountable for the settlement of physical commodity transactions.
  • You will work closely with the Vice President of Mid Office to build out a strong Settlements function.
  • You will play a key role in the purchase of crude and products giving you exposure to several different regions and their associated products and processes.
  • Gain exposure to the commercial team, but also work closely Contracts, Treasury, Tax and Finance.
  • Enjoy exposure to our multi-state operations that stretch from Texas to Wyoming and Montana, and from Washington to Hawaii.

 

Key activities include: 

 

  • Help build and lead a highly motivated team that is responsible for validating physical commodity and secondary cost invoices against system accruals.
  • Collaborate with Logistics, Contracts, 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.
  • Ensure that third-party invoices received are processed and paid timely.
  • Communicate with counterparties to resolve invoice discrepancies.
  • Coordinate with Contracts & Master Data groups to ensure Allegro master data is maintained effectively to facilitate interfaces to SAP.
  • Ensure proper documentation and be the single point of accountability for quarter and year-end audit requests.
  • Ensure consistent adherence to the company's policy and procedures.
  • Work closely with the Par Commercial team to understand the transactions and apply best practices in settlements.
  • Develop and implement proper processes and controls as required.
  • Ensure compliance with the established SOX guidelines and procedures.
  • Recommend and implement continuous improvement procedures to optimize the settlement process.

 

 

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:

 

  • Bachelor’s degree from an accredited 4-year institution in Accounting, Finance or Business.
  • Advanced degree a plus.
  • 8+ years of relevant business experience required.
  • Previous management experience required.
  • Knowledge of industry terminology; understanding of industry contract language required.
  • Advances analytical, organization, and interpersonal skills.
  • Proficiency with Microsoft Excel and Word, including complex/compound spreadsheets.
  • SAP experience required.
  • Strong attention to detail and accuracy.
  • Fluent in English, both oral and written required.

 

 

 

 

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 oil and gas 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 

There is nothing ordinary about Par Pacific -- a niche player in the energy space. And there's certainly nothing ordinary about Par Pacific people. We are driven, hardworking, entrepreneurial-minded professionals that love to win. 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. 

  

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 218 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 124,000 bpd of combined refining capacity, related multimodal logistics systems. 

 

Our Retail Operations 

We own and operate 90 retail locations in Hawaii under the Hele and 76 brands and 33 retail locations in Washington and Idaho under the nomnom brand.

 

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

   

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.