Manager, Inventory Accounting

CVR Energy - Sugar Land, TX (30+ days ago)2.8

Position Summary:

The purpose of this position is to ensure the proper costing, valuation and accounting of petroleum products purchased and produced, as well as in inventory, for the Petroleum segment (exclusive of crude oil). The incumbent's accountabilities will include: review journal entries, account reconciliations, cash flow and income/expense forecasts and preparation of management reports. This position will work closely with the operating business unit managers to ensure timely identification and resolution of financial issues and develop procedures and controls that are effective and efficient.

Education Requirements:
  • Bachelor's Degree in Accounting required.
  • Master's Degree or Professional Accounting Certification preferred.
Experience Requirements:
  • 5+ years of experience in accounting related field required
  • 3+ years of experience in inventory accounting desired
  • 2+ years of supervisory experience required
  • Demonstrated knowledge of GAAP, Sarbanes-Oxley, and internal controls required
  • Demonstrated strong analytical and problem solving skills required
  • Exceptional Excel spreadsheet skills required
  • Experience with Oracle Financials and OpenLink RightAngle desired
  • Fluent in English, both oral and written required
  • Ability to handle complex tasks that require independent thought and analysis
  • Ability to multi-task and prioritize competing projects
  • Demonstrated competency of leadership and interpersonal skills with the ability to motivate, cross-train and develop staff as a team leader
  • Impeccable integrity, professionalism, and ethical standards
  • Ability to adjust schedule to meet business demands
Major Accountabilities:
  • Ensure accuracy of accounting for purchases, exchanges, sales, consumption and inventory valuation of petroleum products (exclusive of crude oil)
  • Supervise accountants and contract employees responsible for the accounting of purchases, sales and inventory valuation
  • Ensure accuracy of cash flow forecasts
  • Verify month-end inventory cost accounting including review of FIFO and LCM
  • Perform inventory reconciliations between RightAngle and Oracle systems
  • Verify volumes and calculated costs of products at off-site storage facilities
  • Oversee and review weekly summary of company inventory positions by product and location
  • Review and approve monthly and quarterly general ledger journal entries
  • Review general ledger account reconciliations and variances
  • Ensure compliance with current tariffs, transportation and storage agreements, and other contracts
  • Ensure timely completion of month-end and quarter-end accounting close and reporting
  • Review preparation of monthly reports and ensure accuracy of management reports
  • Complete and submit reports to meet government requirements; provide variance analysis when requested
  • Maintain policies and desktop procedures related to accounting for products purchases, sales and inventory valuation to ensure proper internal controls
  • Ensure compliance with company policies and SOX controls
  • Respond to audit requests and questions and provide requested support timely
  • Assist corporate accounting with SEC related disclosures and requirements
  • Set measurable objectives and goals for accounting staff and cross train when possible
  • Assist Director, Petroleum Inventory Accounting as needed
  • Regularly communicate with supervisor work progress, concerns, questions

Expected Results:
  • Accurate and timely reporting and completion of assignments
  • Compliance with Sarbanes-Oxley and other regulatory requirements
  • Effective and timely communication with manager on any issue that may occur needing special resolution
  • Courteous and effective customer service with colleagues, employees and clients
  • Adherence to all company policies and procedures

CVR Energy is an EEO and affirmative action employer. We encourage qualified minority, female, veteran and disabled candidates to apply.