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Lead Inventory Accounting Analyst

2 months ago

Houston, Texas, United States Par Pacific Full time

The Opportunity

  • Lead Inventory Accounting Analyst at a Growth-Oriented Energy Company.
  • You will play a key role in inventory and commercial transactions as you will get exposure to several different regions and their associated products and processes.
  • You will enjoy wide exposure to the Tax and Commercial teams as well as other groups in Finance, as well as to our multi-state operations that stretch from Texas, Wyoming, Washington to Hawaii.
  • While this role could keep you busy and challenged for years to come, we are growing, both organically and via acquisitions. A strong performance in this position could set you up to take on additional responsibilities or pursue advancement in our organization along multiple paths.
  • We offer a competitive salary and comprehensive benefits package.
  • You'll have the opportunity to learn and grow into new areas, such as contracts/settlements or learning SAP (our financial ERP system) or Allegro ETRM (our trading and contract input tool, if you're not already familiar.

Reporting to the Montana Inventory Manager, you will be responsible for reconciling inventory, exchanges, fees and related taxes associated with our refining business segment. You will work closely with the internal commercial and invoicing departments and coordinate monthly with external counterparties. Additionally, this position will maintain appropriate inventory controls with external impacted exchange terminals. This is integral to the organization and provides reliable, effective analysis that facilitates appropriate and timely business decisions. With this understanding, you will be responsible for reconciling owned and exchange inventory positions and settling exchange fees with our counterparties. Included in the responsibilities will be the monthly, quarterly, and annual preparation of key reports for management review.

Key activities include:

  • Lead the processes to ensure consistent accounting and reporting of exchange activity and the related inventory positions
  • Collaborate with the invoicing and commercial teams to ensure all purchase, sales and exchange activity is appropriately booked
  • Analyze inventory movement activity and record in SAP
  • Perform monthly reconciliations of owned inventory positions by location
  • Summarize exchange inventory positions and reconcile to counterparty statements
  • Evaluate the materiality of reconciling items and ensure they are promptly resolved
  • Validate exchange differentials, fees and taxes and ensure they are settled in a timely manner
  • Analize exchange activity to ensure consistency with the commercial business plan
  • Assess exchange inventory positions and propose cash settlements as needed
  • Maintain key relationships with internal and external counterparties to aid in the timely resolution of all matters associated with inventory and exchanges
  • Become a business partner to the commercial team to aid in understanding the accounting treatment of trade related activity
  • Review the accounting of current period purchases and settlements as it relates to, title transfer, current liabilities, and overall balance sheet presentation
  • Utilize advanced tools such as Power BI to assist with reconciliations
  • Prepare key reports for management review
  • 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.

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 and Exchange Accountant opportunity, you will have:

  • Bachelor's degree in Accounting, Finance, Business or related field preferred
  • Minimum three years professional work experience in accounting, finance, or a related field required.
  • Understanding of generally accepted accounting principles (GAAP), theories, and ability to apply them to the Corporation's accounting needs required
  • Inventory accouting experience a plus
  • Supervisory experience preferred
  • SAP experience a plus
  • Understanding of generally accepted accounting principles (GAAP), theories, and ability to apply them to the Corporation's accounting needs
  • Strong communication skills
  • Proven ability to research, solve problems, and recommend process improvements
  • Willingness to learn industry terminology
  • Proficiency with Microsoft Excel and Word, including complex/compound spreadsheets
  • Strong attention to detail and accuracy
  • 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's 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 located 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 CityCentre, 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

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, Wyoming and Montana with total operating throughput capacity of over 200 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. Our Montana refinery provides motor fuels and asphalt to neighboring states. 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.