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Associate Financial Analyst

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CITGO

Aug 21

  • Job
    Full-time
    Entry Level
  • Accounting & Tax
  • Houston
    Remote

AI generated summary

  • You need a bachelor's degree, no experience, proficiency in Microsoft Office, and effective oral and written communication skills.
  • You will analyze prepaid insurance, manage general accounting tasks, ensure internal controls through reconciliations, and assist with audits and ad-hoc reporting as needed.

Requirements

  • Bachelors degree
  • Zero years experience
  • Knowledge of Microsoft Office products (Excel, Word, PowerPoint)
  • Effective oral and written communication skills.

Responsibilities

  • Prepaid Insurance Accounting - Perform analysis of CITGO's prepaid insurance which includes reviewing policy terms, invoices and preparing summary worksheets to determine the amortization expense and adjustments entries needed as part of close. Work with the Insurance & Risk department to ensure the completeness of CITGO's prepaid insurance, follow up on existing policies renewals, and identify the need for accruals entries. Ensure that the insurance expense is allocated to the various business units following the annual approved budget. Review the accounting records made by our captive management company and ensure the completeness of these records in CITGO's ERP system. Investigate, analyze, and determine the extent of the company's insurance liabilities using the reserve model provided by the Insurance & Risk department concerning personal, casualty, workman's comp and property loss or damages.
  • General Accounting support - Monitor and manage requests in the General Accounting inbox. Inbox activities may include, creating or posting journal entries, attending to master data maintenance requests (e.g. creating or updating cost centers, GL accounts, internal and statistical orders), processing of transactions, performing account analysis, investigating questions related to insurance, etc. This position will also backup responsibilities of other personnel within General Accounting.
  • Internal Controls - Perform account reconciliations and review transactions within accounts owned by the General Accounting team (e.g. prepaid insurance, Cash Recons etc.) to ensure the transactions are recorded in accordance with GAAP and identifying corrective actions, as necessary. Assist in preparation or presentation of insurance prepaids in Balance Sheet Review activities. These duties require proper documentation and coordination and collaboration with various personnel across the Company.
  • Other duties as assigned - Perform various duties as assigned. Responsibilities may include supporting internal and external audit requests, performing ad-hoc analysis and reporting as requested by management.

FAQs

What is the job title for this position?

The job title is Associate Financial Analyst.

What are the minimum qualifications needed for this position?

The minimum qualifications include a Bachelor's degree and zero years of experience.

What specific duties will the Associate Financial Analyst perform?

The Associate Financial Analyst will perform prepaid insurance accounting, general accounting support, internal controls, and other duties as assigned.

What software skills are required for this position?

Knowledge of Microsoft Office products, particularly Excel, Word, and PowerPoint, is required.

Is prior work experience required for this role?

No, prior work experience is not required as the position welcomes candidates with zero years of experience.

What type of analysis will the Associate Financial Analyst conduct?

The Associate Financial Analyst will conduct routine and ad-hoc account analysis, including the analysis of prepaid insurance and account reconciliations.

Will the Associate Financial Analyst be involved in internal control procedures?

Yes, the Associate Financial Analyst will perform various internal control procedures, including reconciliations and ensuring transactions comply with GAAP.

What are some of the incentives offered for this position?

Incentives include remote work options, a 9/80 work schedule option, paid vacation time, a robust 401(k) match, medical and dental plans, educational assistance, and more.

Are there opportunities for professional development?

Yes, opportunities for professional development include an Educational Assistance Plan and reimbursement for gym memberships.

What is the work location for this position?

The work location may vary, but options for remote work are available for eligible positions.

Is there a retirement plan associated with this position?

Yes, the position includes a pension plan and an excellent 401(k) match.

How does CITGO promote employee well-being?

CITGO promotes employee well-being through programs such as the Healthy Rewards Program, on-site health clinics, and paid sick leave.

Are all job responsibilities listed in the job description?

No, the job description states that the duties are not all-inclusive and site-specific responsibilities may be assigned.

Is this position suitable for recent graduates?

Yes, this position is suitable for recent graduates as it requires zero years of experience.

How does CITGO address diversity in hiring?

CITGO is committed to providing consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

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CITGO

CITGO is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and industrial products

Energy
Industry
1001-5000
Employees
1983
Founded Year

Mission & Purpose

Headquartered in Houston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. We own and operate three large-scale, highly complex petroleum refineries with a total rated crude oil refining capacity of approximately 807,000 bpd, located in Lake Charles, Louisiana, Corpus Christi, Texas and Lemont, Illinois. Our refining operations are supported by an extensive distribution network, which provides reliable access to our refined product end-markets. We own 30 active refined product terminals with a total storage capacity of 7.8 million barrels and have equity ownership of an additional 3.5 million barrels of refined product storage capacity through our joint ownership of an additional 8 terminals, spread across 21 states. In addition, we own or have an equity interest in four additional terminals, consisting of approximately 1 million barrels of refined storage capacity, which are currently inactive or only utilized to store feedstocks used in refining operations. We also have access to more than 150 active third-party and related-party terminals through exchange, terminalling and similar arrangements. Our retail network consists of approximately 4,200 independently owned and operated CITGO-branded retail outlets located east of the Rocky Mountains. We and our predecessors have had a recognized brand presence in the U.S. for over 100 years.