Manager Derivatives & Technical Accounting

CITGO PETROLEUM CORPORATION CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA; Lemont, IL; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines, and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry. At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care. Job Summary This position is responsible for various accounting functions and processes as the Manager over the Derivative and Technical Accounting department and the primary technical accounting resource within the Company. This position will provide leadership and direct supervision over the Derivative & Technical Accounting team to ensure derivative instruments and other complex transactions are properly identified, communicated and recorded, and perform complex analysis of derivative and risk-related activities. This position will lead the Company through various complex and technical accounting matters, including accounting standard assessments and implementations, contract assessments, providing ad-hoc accounting guidance, etc. Technical accounting responsibilities will require this role to be on the forefront of accounting direction on new business activities, such as those planned and related to the Company's Asset Backed Trading initiatives, or accounting adoptions, such as the adoption of segment reporting. This position will serve as a key contact with the Company's external auditors and work with other professional organizations to understand and maintain Company compliance with derivative and technical accounting updates, as needed. This position will also provide leadership and indirect supervision to other accounting personnel, as needed and serve as the primary backup for the Assistant Controller, Financial Reporting and General Accounting (the "Assistant Controller"). As a senior Manager of the Accounting department with responsibilities over derivative and technical accounting, this role will engage and provide direction to leadership within the Finance organization and at the executive level. For example, presenting technical accounting position papers to the CAO and CFO and presenting information directly to the Risk Management Committee, as needed. Minimum Qualifications Bachelor's degree- 8 years of job-related experience. Active Certified Public Accountant (CPA) required National or major regional public accounting firm experience at the senior manager level preferred Understanding of commodity derivatives Ability to research and effectively document complex accounting topics/transactions Excellent written and oral communication skills Ability to work with limited supervision Previous supervisory experience required Strong analytical ability Job Duties Provide leadership and supervision over the Derivative & Technical Accounting department. Responsibilities include the review of departmental workflows (e.g. journal entries, internal controls, monthly reporting, and quarterly financial reporting disclosures, etc.), supervision and development of departmental personnel, and frequent collaboration with other organizations (e.g. Risk, FP&A and Trading) to ensure derivative instruments and other complex transactions are properly identified, communicated and recorded. Serve as the primary technical accounting resource within the Company. Responsibilities include assessing, reviewing and, where necessary, leading the implementation of accounting standards and critical accounting policies; leading discussions or reviews of various transaction considerations early and upfront to ensure appropriate awareness and application of GAAP, including internal control considerations; reviewing quarterly/annual financial statements and GAAP disclosure checklists; and leading staff training and development, as needed. Partner with the Assistant Controller by providing leadership and, as necessary, indirect supervision to departments and personnel reporting to the Assistant Controller. Responsibilities require an understanding of a broad range of accounting topics, including financial/external reporting, intercompany transactions and consolidations, and general accounting (fixed assets, insurance, and treasury/debt). Serve as a key point of contact with the Company's external auditors to ensure any issues are timely identified, properly communicated and resolved. Resolution of issues may require coordination or collaboration with individuals across the Company. Other duties as assigned. Job Duties II Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned. Incentives Here are the incentives we offer: Remote Work options available for eligible positions Options are department and/or location specific 9/80 Work Schedule Option (where applicable) Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees Paid Vacation Time Company-Paid Holidays Caregiver Leave Excellent 401(k) Match Pension Plan Performance Incentive Company-Paid Sick Leave and Long-Term Disability Medical, Dental, & Vision Plans; FSA and HSA options Company-Paid Life Insurance for Active Employees Healthy Rewards Program Service Awards Program Educational Assistance Plan Dependent Children Scholarships Reimbursement for Gym Membership Employee Discount Programs On-site Health Clinic (select locations) On-site Cafeteria (select locations) On-site Credit Union and ATM (Corporate office only) On-site Fitness Center (select locations) PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability. Requisition ID - 1745