Manager, Inventory Accounting

CVR Energy - Sugar Land, TX (30+ days ago)2.9


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.