Manager Crude Valuation Accounting

CVR Energy•Sugar Land, TX

About The Position

The Manager Crude Valuation Accounting, identified in the position summary as Supervisor, Crude Valuation, reports to the Sr. Manager, Crude & Feedstocks Accounting. The role leads a team responsible for timely and accurate valuation, costing, and reporting of CVR Energy’s crude oil and feedstock purchases, inventories, and consumption. It oversees ETRM recognition, general ledger accounting, inventory costing and valuation, close processes, 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 internal and external auditors. The manager resolves complex valuation and accounting issues, explains financial impacts to business partners, and leads process, system, and control improvements. The role oversees daily valuation and accounting work; monthly, quarterly, and annual close; journal entries, inventory valuations, accruals, and workpapers; and analysis and communication of results and variances. It supervises and develops staff, maintains procedures and documentation, manages stakeholder and third-party relationships, leads system and process projects, and owns relevant SOX 404 and other internal controls. Applicants must be eligible to work in the United States; the company will not sponsor immigration or work visas.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 6 years of progressive accounting experience.
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.
Knowledge of GAAP, Sarbanes-Oxley, and internal controls, with experience supporting internal and external audits.
Advanced Excel skills.
Fluency in written and spoken English.
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 is strongly preferred but not required.
Experience in crude, feedstocks, or other downstream energy commercial activities.
Experience with RightAngle’s ETRM application; strongly preferred.
Experience with Oracle Financials.

Responsibilities

Oversee daily crude oil and feedstock valuation and accounting, 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 the Sr. Manager and business partners.
Lead, supervise, and develop the crude valuation accounting team; assign and prioritize work, set expectations, coach staff, and participate in hiring, onboarding, and performance reviews.
Serve as the team’s primary escalation point for complex valuation, settlement, and accounting issues, escalating significant matters to the Sr. Manager as appropriate.
Act as the team’s subject matter expert on crude inventory accounting and ancillary fees, including explaining financial impacts of inventory flows and related variances.
Maintain desktop procedures and documentation, and implement cross-training and backup coverage plans.
Keep the Sr. Manager informed about team deliverables, workload, risks, and resource needs; provide backup to the Sr. Manager as needed.
Build and maintain relationships with front office, middle office, Commercial, operations, FP&A, accounting management, customers, vendors, and other cross-functional partners; represent the team in cross-functional discussions.
Oversee third-party relationships, 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 opportunities; 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; ensure compliance and remediate control gaps.
Coordinate responses to internal and external audit requests, ensuring documentation is complete, accurate, and timely.