Manager Derivatives & Technical Accounting

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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.

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.

• 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