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Inventory Analyst

3 months ago

Houston, Texas, United States Par Pacific Full time

The Opportunity

  • Perform volumetric analysis at a Growth-Oriented Energy Company
  • Provide key services in the inventory processes giving you exposure to several different regions and their associated processes.
  • You will enjoy exposure to the Commercial and Accounting teams as well as to our multi-state operations that stretch from Wyoming, Washington, and Hawaii.
  • You will have the opportunity to learn and grow into new areas such as learning SAP (our financial ERP system) and our financial analysis processes.

Reporting to the Inventory Accounting Manager, this position will be responsible for overseeing the entry, reconciliation and reporting of all inventory movements associated with assigned location(s) refining and logistics assets. The person will be expected to become the subject matter expert in crude and refined products with a strong knowledge of the associated modes of transportation. This role will be critical to ensuring the appropriate representation of inventories on the balance sheet.

Key activities include:

  • Ensure that the inventory movement process is functioning as expected
  • Work closely with various departments to understand commercial activity and the associated impact on daily inventory movements
  • Analyze and interpret movement orders, inspection reports, and third-party inventory statements
  • Oversee various groups and their methods of entering inventory movements in the subledger and system of record
  • Identify, troubleshoot and provide solutions to movement imbalances
  • Act as a liaison between the groups responsible for the movements and Inventory Accounting
  • Perform monthly inventory and exchange reconciliations between the subledger and system of record
  • Utilize advanced tools such as Power Bl to assist with reconciliations
  • Understand and communicate the P&L and yield impacts related to inventory adjustments
  • Review the accounting of current period purchases and settlements as it relates to, title transfer, current liabilities, and overall balance sheet presentation
  • Perform required state and governmental reporting
  • Coordinate and ensure the monthly closing process attributable to inventory movements is efficient
  • Identify and support process improvements and automation opportunities
  • Assist with special projects, as assigned
  • Perform other duties, 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.

The Requirements

To meet the basic qualification 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. To be a good fit for the Inventory Analyst opportunity, you will have:

    • Bachelor's degree in Accounting, Finance, Business or related field preferred
    • Work experience in accounting/finance preferred
    • Experience working in the refining industry preferred
    • Understanding of generally accepted accounting principles (GAAP), theories, and ability to apply them to the Corporation's accounting needs required
    • Willingness to learn the business processes of hydrocarbon terminals, refineries, and their associated modes of transporting products
    • Familiarity with Yield and/or Inventory Accounting preferred
    • SAP experience at plus
    • Proficiency with MS Office Suite (Outlook, Excel, Word, etc.) required
    • Strong attention to detail and organization
    • Demonstrated 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
    • Fluent in English, both oral and written required

More Good Reasons to work for Par:

Unique culture

There is nothing ordinary about Par Pacific -- a niche player in the energy space that operates in logistically complex markets. And there is certainly nothing ordinary about Par Pacific people. We are driven, hardworking, entrepreneur­ minded professionals that love to win. If that describes you, you'll fit right in.

Location, location, location

Because Par Pacific is 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 will work is in City Centre, located on the West side of Houston near 1-10 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

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.

The Company

Par Pacific Holdings, Inc., based in Houston, Texas, owns, manages, and maintains interests in energy and infrastructure businesses. Par Pacific's strategy is to identify, acquire and operate energy and infrastructure businesses with attractive competitive positions. We own and operate refineries in Hawaii, Washington, and Wyoming, with total operating throughput capacity of over 150 Mbpd. We own and operate one of the largest energy infrastructure networks in Hawaii with a logistics network supplying the major islands of the state. In Wyoming, Par Pacific owns a refinery and associated logistics network in a niche market. We operate 123 fuel retail outlets in Hawaii, Washington, and Idaho. Par Pacific has an active, opportunistic growth strategy. Our common stock is publicly traded on the NYSE under the trading symbol "PARR".

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.