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Sr. Inventory Accountant
2 months ago
The Opportunity
Inventory Accounting analysis at a Growth-Oriented Energy Company
You will play a key role in the inventory valuation processes giving you exposure to several different regions and their associated processes.
Reporting to the Inventory Accounting Manager, this position will be responsible for the margin analysis of our Refining business segment. This will be integral to the organization you support; providing reliable, effective analysis that facilitates appropriate and timely business decisions.
Key activities include:
Work closely with the Commercial & Settlements groups to understand monthly crude and refined product activity
Coordinate with the Billing / Contract team to review trade related activity and gather settled cargo volumes and prices
Work with yield accounting to reconcile movements, roll forward inventory and calculate yield
Reconcile inventory and perform inventory costing analysis
Prepare and oversee exchange activity and resolve discrepancies as appropriate
Monthly, quarterly, and annual variance analyses of financial and statistical data
Perform FIFO inventory calculations
Preparation of key reports for management review
Review the accounting of current period purchases and settlements as it relates to, title transfer, current liabilities, and overall balance sheet presentation
Ensure consistent adherence to the company’s policy and procedures
Complete special projects, when assigned
Work with internal auditors on controls documentation and SOX compliance
Provide documentation to external auditors during quarterly SEC filings
Perform other duties as assigned
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 Accounting opportunity, qualifications include:
Bachelor’s degree in Accounting, Finance, or Business required
CPA Preferred
Minimum 3 years accounting/finance experience required
SAP experience preferred (MM/FI/CO modules)
Cost/Inventory Accounting experience preferred
Proficiency with MS Office Suite (Outlook, Excel, Word, etc.)
Understanding of generally accepted accounting principles (GAAP), theories, and ability to apply them to the Corporation's accounting needs required
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
Fluent in English, both oral and written required
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