Manager Crude Valuation Accounting

CVR Energy, Inc.•Sugar Land, TX

About The Position

Reporting to the Sr. Manager, Crude & Feedstocks Accounting, the Supervisor, Crude Valuation leads a team responsible for accurate and timely valuation, costing, and reporting of CVR Energy’s crude oil and feedstock purchases, inventories, and consumption. The role oversees ETRM recognition, general ledger accounting, inventory costing and valuation, close activities, reconciliations, settlements, and analysis supporting lease crude purchasing, intermediary purchasing, and transportation operations. The position directs daily team activities, reviews work, coaches and develops staff, and ensures SOX compliance. It serves as a key contact for front office, middle office, Commercial, operations, FP&A, accounting management, customers, vendors, and auditors. The role resolves complex valuation and accounting issues, communicates financial impacts, and drives improvements to processes, systems, and controls. The successful candidate will lead close, reconciliation, settlement, billing, reporting, audit, and process-improvement activities; maintain procedures and cross-training; and ensure that results are complete, supportable, timely, and clearly communicated.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 6 years of progressive accounting experience, preferably in crude, feedstocks, or other downstream energy commercial activities.
At least 2 years of inventory accounting experience, including costing and valuation methods such as FIFO.
At least 2 years supervising or leading staff, including assigning work, reviewing deliverables, and coaching.
Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls, including experience supporting internal and external audits.
Advanced Excel skills.
Fluency in spoken and written English.
Strong analytical mindset and attention to detail, with the ability to explain valuation results, variances, and financial impacts to accounting and non-accounting audiences.
Demonstrated record of process improvement and interest in understanding and improving end-to-end structures, systems, and processes.
Ability to handle complex tasks independently using analysis and sound judgment, and to escalate matters appropriately.
Ability to manage priorities and deadlines for self and team, with a flexible schedule as needed.
Must be eligible to work in the United States; the company will not sponsor immigration or work visas.

Nice To Haves

Master’s degree or professional accounting certification.
CPA certification; not required but strongly preferred.
Experience with RightAngle’s ETRM application; strongly preferred.
Experience with Oracle Financials.

Responsibilities

Oversee daily crude oil and feedstock valuation and accounting activities, including ETRM recognition, general ledger management, inventory costing and valuation, settlements, reconciliations, and reporting.
Direct monthly, quarterly, and annual close processes for crude oil, feedstocks, intermediary purchasing, transportation, and related commercial activities.
Review and approve journal entries, inventory valuations, accruals, and workpapers.
Analyze and explain valuation results, estimate-to-actual variances, inventory movements, and financial statement fluctuations to management and business partners.
Lead and develop a team of crude valuation accountants by assigning and prioritizing work, setting expectations, coaching, holding one-on-ones, and participating in hiring, onboarding, and performance reviews.
Resolve complex valuation, settlement, and accounting issues; escalate significant matters to the Sr. Manager in a timely manner.
Serve as the team’s subject matter expert on crude inventory accounting and ancillary fees, explaining the financial impact of inventory flows and related variances.
Maintain desktop procedures and documentation, and implement cross-training and backup coverage plans.
Keep the Sr. Manager, Crude & Feedstocks Accounting informed about deliverables, workload, risks, and resource needs, and provide backup as needed.
Build relationships with cross-functional partners and represent the team in cross-functional discussions.
Oversee third-party relationships, including statement reconciliations, billing support, payment issue resolution, and periodic billing for third-party transportation services performed by CVR Energy.
Lead process and system improvement initiatives, including RightAngle and Oracle enhancements, automation, and standardization, and present recommendations to leadership.
Lead special projects and perform additional accounting duties as assigned.
Own the design, execution, and documentation of SOX 404 and other internal controls within the area, ensuring compliance and remediating identified control gaps.
Coordinate responses to internal and external audit requests, ensuring documentation is complete, accurate, and timely.