Back Office Accountant

Wawa, Inc.

1d•Onsite

About The Position

The Back Office Accountant is responsible for the preparation of fuel procurement and economic trading journal entries and reconciliations and review/analysis of automated entries. This position will be responsible for select balance sheet analysis and monthly bulk fuel reconciliations, including assisting with the analysis of variances. This position will also develop process efficiencies and assist with the accounting for new fuel strategies.

Requirements

Ability to work well individually as well as in a team environment
Strong analytical and GAAP accounting skills
Excellent oral and written communication skills
Excellent customer service skills
Detail oriented and strong organizational and time management skills
Strong problem solving skills
Excellent interpersonal skills
Ability to work additional hours, nights and weekends, as necessary.
Bachelor’s degree in Accounting or related business discipline preferred
Three+ years of accounting experience
Demonstrated analytical and reporting skills
Fuel Accounting or Commodities Accounting experience preferred
Ability to understand complex fuel transactions and how to properly account for them.
Skilled in the use of Microsoft Office products, especially proficient in the use of Excel
Quick to learn fuel-related and other systems such as SolArc RightAngle and SAP.

Responsibilities

Create certain period-end journal entries, including the entries to record Economic Trading and Supply Book realized and unrealized options, forward gains and losses, negative terminal adjustments, deferred realized sales, butane commission and barge fee entries.
Perform monthly account reconciliations on economic trading and broker account results to ensure all balances are appropriate before finalization of close.
Compare Economic Trading P&L balances at month end between the Mark-to-Market and SAP to determine any variances, root cause of the variance and the appropriate corrective action including any necessary accounting adjustments.
Prepare weekly fuel estimate items such as a negative terminal estimate, which includes validation of terminal positions turning positive and review of any unusual transactions, review of weekly realized sales and review and comparison of weekly WACOG rates to ensure accurate rates used for lifting of bulk fuel by the Retail Fuel Accounting department.
Responsible for the preparation and review of monthly balance sheet analysis for key fuel related accounts.
Responsible for the preparation and review of monthly bulk fuel inventory account reconciliations, including detailed rollforward of all terminal, pipeline, ethanol and barge related activity.
Investigate variances and determine proper accounting treatment or adjustments necessary.
Complete all accounting functions associated with RIN trading activities; including the oversite of RIN transfers to counterparties through a third party administrator.
Prepare and review all fuel sales invoices to customers and review the contractual terms to ensure any additional taxes and fees agreed to by traders/buyers are included.
Provide monthly close updates and high-level summary results to the Corporate Accounting department and various members of accounting/fuel management for review.
Research and resolve any purchase invoice discrepancies with sellers or Front and Middle Office, based on deal details, contracts or broker deal confirms.
Prepare monthly ethanol related files for the Tax and Retail Fuel Accounting departments and quarterly files for Tax and TOC meetings as well as other requested items throughout the year.
Review and process the payment of all bulk fuel purchase and fee invoices, which includes the verification of price, units, and location.
Initiate wire or ACH for all payments, ensuring payments are made in accordance with strictly adhered to payment terms.
Research and pay any fees and/or taxes on the invoice.
Assist with the weekly preparation of fuel devaluation and non-fuel hedging slides, weekly Mark-to-Market gain/loss comparison and weekly realized sales email, as needed.
Track any unpaid transactions during the month and follow up with the counterparties for timely receipt of invoices.
Maintains a clear list of open payables to mitigate risk of duplicate payment.
Complete other daily tasks, as needed, such as payment for bulk fuel hydrocarbon purchases and pipeline/terminal fees, sales invoicing, payment of margin calls, tracking of open payment and sales items.
Perform special projects (ad hoc analysis and reports, etc.) and other duties as assigned.