This position is responsible for resolving and clearing Goods Receipt/ Invoice Receipt (GR/ IR) imbalances to ensure accurate balance sheet reporting. This position will also gather departmental performance data and create daily, weekly, and monthly Accounts Payable KPI reporting, root cause analysis (RCA), vendor reconciliations, month-end reporting, GL reconciliations, and ensure SOX compliance. This includes analyzing various data sets to resolve and then prevent payment delays. In addition, ... more details
Financial Analyst
Requisition #
2024-7453
City
Houston
State
Texas
# of Openings
1
Our Favorite CITGO Perks are:
• Remote Work options available for eligible positions • Options are department and/or location specific • 9/80 Work Schedule Option (where applicable) • Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees • Paid Vacation Time • Company-Paid Holidays • Parental Leave • Excellent 401(k) Match • Pension Plan • Company-Paid Sick Leave and Long-Term Disability • Medical, Dental, & Vision Plans; FSA and HSA options • Company-Paid Life Insurance for Active Employees • Healthy Rewards Program • Service Awards Program • Educational Assistance Plan • Dependent Children Scholarships • Reimbursement for Gym Membership • Employee Discount Programs • On-site Health Clinic • On-site Cafeteria (select locations) • On-site Credit Union and ATM (Corporate office only) • On-site Fitness Center (select locations) PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
Relocation
Relocation Benefits are not available for this position.
Note
Employer will not sponsor visas for position
Job Summary
This position is responsible for resolving and clearing Goods Receipt/Invoice Receipt (GR/IR) imbalances to ensure accurate balance sheet reporting. This position will also gather departmental performance data and create daily, weekly, and monthly Accounts Payable KPI reporting, root cause analysis (RCA), vendor reconciliations, month-end reporting, GL reconciliations, and ensure SOX compliance. This includes analyzing various data sets to resolve and then prevent payment delays. In addition, this position will coordinate activities between Procurement, IT, Treasury, and other business units and departments is responsible for leading and/or designing department process improvements, resolves any vendor related issues and inquiries, and presents results/conclusions in various reporting requirements.
Minimum Qualifications
Degree:
College Degree (Bachelors Level).
The minimun number of years of job related experience required by this job is:
2 years.
List any specialized training or unique skills required:
Prioritize work when given multiple projects.
Strong communication skills.
Proficiency within Excel, ability to use pivot tables and VLOOKUP’s required.
At least 5 years of experience with SAP or similar ERP software.
Ability to communicate professionally with customers, vendors, and fellow employees
Must be able to work with only general direction.
Job Duties
Analysis and reconciliation of various general ledger accounts, including the GR/IR account. Investigate any issues resulting from imbalances and resolve. Implement best practices to prevent imbalances/payment delays. Develop data tools to assist in monitoring of accounts and for monthly, and quarterly, closing processes.
Provide root cause analysis for both general ledger (GR/IR and AP clearing accounts) and vendor sub-ledger balances. Coordinate with appropriate departments (i.e., Procurement, Warehouse, Requisitioner, etc.) to resolve issues, or outstanding items as needed to maintain positive vendor relations and support on-time payment initiatives.
Coordinates Reporting and Monitoring Activities. Analyst is responsible for the coordination, preparation and analysis of all reports on Accounts Payable vendor accounts, and other master data processes as required by management.
Perform Sarbanes-Oxley procedure testing surrounding all aspects of the accounts payable process. Prepare monthly, and quarterly, documentation, reconciliation, and analysis to ensure SOX compliance.
Prepare 1099 and unclaimed property reporting.
Prepare and analyze historical data for AP metrics monitoring and data analysis.
Develop and maintain critical daily, weekly and monthly reporting to assist with achieving productivity markers. Create and maintain Dashboards for the Accounts Payable department.
Participate in continuous improvement efforts through data focused thinking; perform process assessments identifying opportunities and prioritization.
Provides back-up duties in support of AP team members as needed.
Special projects as required by the Manager, which may include duplicate payments audits, unclaimed property audits, and automation projects.
Job Abstracts is an independent Job Search Engine. Job Abstracts is not an agent or representative and is not endorsed, sponsored or affiliated with any employer. Job Abstracts uses proprietary technology to keep the availability and accuracy of its job listings and their details. All trademarks, service marks, logos, domain names, and job descriptions are the property of their respective holder. Job Abstracts does not have its members apply for a job on the jobabstracts.com website. Additionally, Job Abstracts may provide a list of third-party job listings that may not be affiliated with any employer. Please make sure you understand and agree to the website's Terms & Conditions and Privacy Policies you are applying on as they may differ from ours and are not in our control.
We would like to take a second to Welcome You to Job Abstracts, the nation’s largest Pure Job Board. With over 3.1 million job listings from 15,000+ Companies & Organizations, we help job searchers find careers that match their interests. As an anonymous user, you have probably discovered how easy our system is to use. However, you have just scratched the surface of what we can offer.
We encourage you to Register so you can use our most powerful features: searching with multiple terms, setting up multiple locations, establishing favorite companies, and accessing your search history. If you find a job you like, you can apply directly for it, and then, keep notes on it. We will also keep a lookout for jobs that match your search terms and email you when we find something you may like.
You can register for free and the system is free to use. If you like our system so far, click on Register and unlock the power required by serious job searchers.
Any time you conduct a search, the system shows you job matches, ranked by their Relevance Score (RS).
The score is calculated by a proprietary algorithm that uses Intelligent Machine Learning.
The Relevance Score tells you how well the job opportunity matches your search term or terms.
When not logged in, the system is limited to one search term. Scores for single term matches are usually lower.
When you register, log in, and set up multiple terms prioritized by importance, the jobs found for you will receive a much higher Relevance Score.