Accounting Analyst

About Us

Chevron is a leading multinational energy company with operations in over 180 countries. Founded in 1879, Chevron has a rich history of innovation and growth, making significant contributions to the global energy landscape.

Chevron markets Caltex® fuels, lubricants and other petroleum products in the Philippines. Our network of service stations, terminals and sales offices forms the backbone of our presence in the Philippines.

Chevron supports its operations in the Philippines and worldwide through two subsidiaries: Chevron Philippines Incorporated (CPI), which manages downstream operations and markets Caltex brand fuels, lubricants and petroleum products, and Chevron Holdings Incorporated (CHI), a global business services organization. Established in 1998, CHI provides business support services in finance and accounting, information technology, supply chain management, human resources, customer service and marketing. It serves Chevron affiliates around the world and has grown to be one of the leading global business services organizations in the Philippines. The company has received various recognition as one of the country’s top employers and as a champion of diversity and inclusion in the workplace.

At Chevron, we believe humanity can solve any challenge – including meeting the world’s energy needs of today, while advancing a cleaner energy tomorrow.

About The Role

We have an exciting opportunity for a Finance Analyst. This role will be based in 6750 Building, Makati City, Philippines.

Responsibilities for this position may include but are not limited to:

• Perform the following Enterprise Optimization support functions:
• Contract creation, updates, and monitoring for spot and term deals
• Reconciliations of volume and unit rates for spot and term deals with counterparties
• Calculations of in-transit gains/losses and reconciliation of stock-on-water volumes
• Updates and validations of sales and purchase unit rates in SAP
• Processing of open spot/term sales orders and coordination with VCO supply planners and counterparties
• Coding of invoices for wharfage, terminal, and surveyor services
• Collections of receivables and payment of obligations based on payment arrangement with counterparties
• Perform month-end closing activities like:
• Prepare, monitor, and validate intercompany purchases of refined products.
• Monitors in-transit shipment at month end and related gain/loss for in-transit plant.
• Monitors non-stock holding (NSH) plants at month end to ensure zero balance or appropriate explanation on timing differences.
• Validates the ending volumes in SAP and coordinate with Terminal personnel for the disposition of variances.
• Records accruals related to inventory such as stock on water and intercompany purchase accruals to eliminate intercompany imbalances at month end
• Monitors reasonableness of Moving Average price (MAP) per material per plant and perform price revaluation for material distortions.
• Performs excise tax revaluation and assist w/ excise tax update as necessary.
• Performs purchase price variance analysis and post adjustments.
• Performs Exchange Reconciliation and Revaluation at month end to reflect latest MAP.
• Performs Buy/Sell reconciliation and reclass at month end.
• Facilitates back to back sale and posting in the system.
• Performs material ledger closing.
• Validates and execute GAAPSTAT entries.
• Reviews CIRCA LIFO valuation reports, investigate CIRCA Forced Loss/Gains (FLGs), provide commentaries on Average Acquisition Rate (AAR) fluctuations, and answer build/draw questions as appropriate.
• Performs month-end close task taps as required by the Regional MEC coordinators.
• Answers Local Finance and regional reporting queries.
• Performs volume reconciliation Materials Management (MM) vs. Financial Accounting (FI) Modules and CIRCA system.
• Calculates Deferred Income Tax on the temporary difference between Statutory and Corporate inventory valuation and post entries in SAP.
• Performs company-owned retail stations wetstock reconciliation.
• Performs materials & supplies accounting.
• Assist w/ LIFO forecasting and COGS analysis as required.
• Assist w/ basic SAP materials movement errors troubleshooting and correction in the system
• Prepare Reports such as:
• Inventory Reports on balances, trends, and gains/losses
• Prepare Commentaries template or Inventory Variance Analysis
• Cost of Goods Sold
• Purchase Summary
• Other reports required by the government and regional reporting
• Consolidated Inventory Report – per material per plant
• Metrics and Process Health Check reporting
• Perform accounts reconciliation for assigned GL accounts in accordance with FSS Accounts Reconciliation Standards
• Performs admin activities that may include, but are not limited to, the following:
• Participates fully in Finance Safety and Cybersecurity Programs.
• Ensures process documentations are kept current or timely updated and that records archiving and retention policy are adhered to.
• Performs other tasks that may be assigned by the Team Leader.
• Prepares and updates work plan as necessary and monitor self-performance to achieve performance goals.
• Aims for continuous self-development by participating in self-study courses, reading relevant professional materials, attends functional training, interacting with industry counterparts, etc.
  
  

About You

We know our greatest resource is the ingenuity, creativity and innovation of our people. Applications from motivated and talented individuals with a keen interest in the energy industry are encouraged.

Required Qualifications

Knowledge, Skills, and Experience:

• Bachelors degree in accounting, and other Accounting related courses
• Good oral and written communication skills
• Strong analytical, teamwork and customer engagement skills
• Must have the propensity to work in a proactive, results-oriented, and customer-focused environment
• Enjoys working with people of diverse cultural backgrounds
  
  

Preferred Qualifications

• Experience in S4 Hana is an advantage, but not required.
• Strong Accounts Payable background is preferred.
  
  

Everything we do at Chevron is guided by our values and our commitment to The Chevron Way (https://www.chevron.com/about/the-chevron-way). At the heart of The Chevron Way is our vision to be the global energy company most admired for its people, partnership, and performance.

Participate in world-leading energy projects, advance your professional development and expand your career within an inclusive, collaborative and high-performing workplace.

Benefits

• Competitive salary
• Allowances, medical and optical reimbursements
• Health care coverage for you and your eligible dependents
• Robust employee centered programs for health and wellness
• Time-off to promote healthy work-life balance or to care for your family
• Annual corporate incentive bonus when the company meets established goals
• Recognition & awards program
• Long-term savings plan
• Life insurance
• Career development opportunities to all employees through onboarding, training and development, mentoring, volunteering opportunities and employee networking groups
• Hybrid work model - work remotely from home several days a week
  
  

At Chevron, we are committed to fostering diversity and inclusion at all levels of our company and at all stages of the employee experience. We constantly strive to attract, develop and retain diverse Filipino talent. Globally, Chevron Corporation has achieved a rating of 100 percent in the Human Rights Campaign Equality Index for the past 17 years. The Index ranks American companies based on their commitment to equality in the workplace.

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