Manager Refined Products Accounting - Volumetric

CVR Energy, Inc.•Sugar Land, TX

About The Position

Owns the accuracy, integrity, and timely close of volumetric (barrel and gallon) inventory records and related general ledger balances for the Petroleum segment’s refined products and natural gas liquids (NGL) inventory. Leads a team that reconciles physical movements from pipelines, terminals, rail, and truck, and ensures inventory, cost of goods sold, imbalances, and gain/loss are reported accurately in compliance with US GAAP and internal controls. Serves as a key point of contact with commercial, mid-office, operational and yield accounting teams, third-party vendors, and internal and external auditors to resolve volume and financial issues and strengthen procedures and controls. The position manages inventory flows and close activities, including reconciliations, reporting, inventory valuation, audit procedures, and SOX 404 controls. It also leads cross-functional process-improvement work and oversees, develops, and cross-trains accounting staff. 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 accounting experience, preferably in commercial activities in a downstream energy environment, including at least 2 years in inventory accounting.
At least 2 years managing or supervising professional staff.
Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls.
Advanced Excel skills.
Fluency in written and spoken English.
Ability to adjust schedule to meet business needs.
Eligibility 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, strongly preferred but not required.
Experience with RightAngle’s ETRM application, strongly preferred.
Experience with Oracle Financials.
Strong analytical and problem-solving skills, including independent thought and analysis on complex tasks.
Ability to prioritize competing projects and deadlines.
Leadership and interpersonal skills, including the ability to motivate, cross-train, and develop staff.
Attention to detail and sound judgment regarding materiality.
Ability to uphold accounting and ethical standards under close-deadline pressure.
A demonstrated record of improving accounting processes and controls, such as shortening close timelines, reducing manual journal entries and spreadsheet reliance, or reducing recurring variances.

Responsibilities

Manage day-to-day volumetric inventory flows for the assigned area of the Company’s refining and marketing business.
Oversee monthly, quarterly, and annual close processes, reconciliations, general ledger management, reporting, and internal and external audit activities.
Assist the team in investigating and resolving inventory and accounting issues.
Assist with preparing and reviewing inventory valuation calculations, lower-of-cost-or-net-realizable-value analyses, and cost of goods sold.
Prepare and review inventory roll-forwards, volumetric variance reports, and management KPI reporting.
Manage audit and review procedures for areas of responsibility and provide information to independent and internal auditors.
Ensure compliance with controls and SOX 404 requirements, and educate the team about its responsibilities.
Develop and maintain positive working relationships with front-office, middle-office, and cross-functional operational groups.
Promptly escalate issues or opportunities to the Sr. Mgr. Refined Products Acctg. or peers, and lead people, process, system, or documentation changes.
Lead cross-functional special projects, recurring analysis, and reporting in support of organizational objectives.
Identify, evaluate, and prioritize business and system process optimizations related to refining, marketing, and logistics operations, and propose solutions to leadership.
Oversee, develop, and cross-train accounting staff, fostering teamwork and continuous improvement.
Regularly update the Sr. Mgr. Refined Products Acctg. on progress and concerns, and support special projects as needed.
Support accurate and timely accounting of commercial activities, value-added reporting, accurate SEC filing information, and adherence to company policies and procedures.