Finance Analyst for Inventory and Product Costing

Total Number of Openings

1

Responsible for accounting activities across the enterprise, whether embedded in BU, in Corp, or FSS.

Our Finance group delivers finance and accounting services to Chevron across the globe including Upstream, Downstream, Midstream and Corporate. We are innovative leaders sought out for our insights and commitment to protect and grow value. We are one team, bringing diversity to pursue common goal. We find better ways to do business and faster ways to make decisions. We inspire though our action. These are the qualities of Chevron Finance employees, and it is who we aspire to be.

In Finance, you will have the opportunity to grow your career in different functional groups such as Accounts Payable, Midstream Accounting, Bank, Revenue and Retail, Credits and Receivables, Intercompany, Financial Accounting and Reporting, Upstream Accounting and Business Analysis and Support.

We are now accepting online applications for the Finance Analyst for Inventory and Product Costing position through July 5, 2024 at 11:59 p.m. PH Time.

Job description:

Perform month-end closing activities like:

• Prepare, monitor, and validate intercompany purchases of refined products

• Monitor in-transit shipment at month end and calculate in-transit gain/loss for in-transit plant

• Validate the ending volumes in SAP and coordinate with Terminal personnel for the disposition of variances

• Record intercompany purchase accruals to eliminate intercompany imbalances at month end

• Monitor reasonableness of Moving Average price (MAP) per material per plant and perform price revaluation for material distortions

• Perform Exchange Reconciliation and Revaluation at month end to reflect latest MAP

• Perform material ledger closing

• Validate and execute GAAPSTAT entries

• Investigate Forced Loss/Gains (FLGs) and beyond threshold Average Acquisition Rate (AAR) changes in CIRCA system

• Perform month-end close task taps as required by the Regional MEC coordinators

• Answer Local Finance and regional reporting queries

• Perform volume reconciliation Materials Management (MM) vs. Financial Accounting (FI) Modules

• Calculate Deferred Income Tax on the temporary difference between Statutory and Corporate Inventory valuation and post entries in SAP

• Perform company-owned retail stations wetstock reconciliation

• Perform materials & supplies accounting and reconciliation as necessary

Prepare Reports such as:

• Prepare Financial Template-Inventory Balance/ Statistics

• Prepare Commentaries template or Inventory Variance Analysis

• Cost of Goods Sold Statutory vs Corporate

• Other reports required by the government and regional reporting

• Consolidated Inventory Report – per material per plant

• LIFO Forecast Report

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 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.

Recruitment Process and Onboarding during COVID 19 pandemic:

HR initial phone screening, virtual processing for panel interview, job offer, medical assessment, onboarding and orientation.

Relocation option:

Relocation will not be considered within Chevron parameters.

International considerations:

Expatriate assignments will not be considered.

Chevron participates in E-Verify in certain locations as required by law.

Makati City, Metro Manila

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