Inventory Accounting Specialist

Job title: Inventory Accounting Specialist

Job description: Basic Function

Reporting to the Manager, Accounting, the Inventory Accounting Specialist is a key member of the Accounting Team and ensures that inventory within scope of our business is valued/costed appropriately, ensures physical existence of inventory at all locations, and monitors movements for valid transactions. This role also participates in other accounting duties such as SAP month end close, SAP master data controls, and financial statement reviews. It champions various processes and management systems within Accounting and the Petro-Canada Lubricants Inc businesses ensuring stringent adherence to accounting policy, standard operating procedures, SOX processes and controls and other internal processes so that Lubricants can maintain accurate, timely and useful financial statements.

Job Duties

• Supporting Lubricants Accounting in:

• Month end accounting
• Inventory valuation
• Account reconciliations preparation/review
• Performing various assigned financial calculations, maintenance and creation of schedules, reports, review of contracts, invoices and other financial data
• Recording/amortizing swaps, hedging and various debt instruments
• Analysis of sales and volume margins
• Transfer Pricing between Petro-Canada Lubricants Inc. and other HollyFrontier Corporation entities
• SAP month end close
• Other areas as needed
• Oversee master data changes in SAP red box
• Assist in audit requests for all statutory and US GAAP accounting and tax requirements
• Participate in the accounting review of the accuracy and completeness of the monthly financial statements, ensuring their integrity through proper reconciliation and analysis, including month end support and variance analysis
• Own foreign jurisdiction statutory financial preparation, audit liaison and filing
• Project execution leadership (authoritative and non-authoritative), including possibly M&A requirements and SAP upgrades and/or implementations
• Compliance with IFRS and HFC accounting and corporate policies and procedures, internal controls and SoX, including identification of non-compliances, their investigation and resolution
• Support the Finance team from time to time, including assistance with budget, forecasting, and financial statement analysis

Special assignments or tasks assigned to the employee by their supervisor, as determined from time to time in their sole and complete discretion

Experience

• Minimum ten years of relevant accounting experience
• Leadership experience preferred

Education Level

• Bachelor’s degree
• CPA (or equivalent) accounting designation required

Required Skills

• Strong understanding and working knowledge of GAAP
• Ability to integrate accounting standards, company policies and procedures, internal and SoX controls, operational issues
• Solid knowledge of SAP (FI, CO, PM, MM), Outlook, EXCEL, WORD, BW or BI
• Working confidence with different technologies/software
• Understanding of SoX and financial controls.
• Strong analytical, interpersonal and communication skills to manage and resolve issues and maintain business partner relationships
• Have a continuous improvement mindset
• Ability to multi task and work independently

Work Conditions

• This is an office based role that may start as hybrid

Our One HFC Culture:

At HollyFrontier, we are united through our One HFC Culture, which is underpinned by our five core values of Safety, Integrity, Teamwork, Ownership and Inclusion. Developed to empower our people, our five core cultural values are at the heart of everything we do and extend to how we engage our stakeholders. These values influence our decisions, shape our behaviors and keep us connected across the entire organization.

We maintain a true Safety culture for our employees, communities, environments and customers. Our goal is to make sure everyone returns home safely each day. We have a long-standing commitment to Integrity and ethical behavior and do what is right for our employees, investors, communities and the environment. We encourage employees to Step Up and Stand Out by championing a culture of Teamwork and Ownership. We foster a culture of Inclusion by encouraging diversity of experiences, viewpoints and backgrounds. What makes each of us different, together makes us stronger.

About HollyFrontier Corporation

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminal line, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

Equal Opportunity Employer

HollyFrontier Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or any other prohibited ground of discrimination.

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