Finance Analyst for Inventory and Product Costing

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 for Inventory and Product Costing. This role will be based in 6750 Building, Makati City, Philippines.

Responsibilities include, but are not limited to, the following:

1. Perform month-end closing activities like:

• Prepares, monitors, and validates intercompany purchases of refined products

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

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

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

• Performs material ledger closing

• Validates and executes GAAPSTAT entries

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

• 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

• Calculatea 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 and reconciliation as necessary

2. Prepare Reports such as:

• Prepares Financial Template-Inventory Balance/ Statistics

• Prepares 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

3. Perform accounts reconciliation for assigned GL accounts in accordance with FSS Accounts

• Reconciliation Standards

4. 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.

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.

Knowledge, Skills, and Experience:

• Bachelor's degree in Accountancy

• Familiar with SAP

• 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:

• Strong SAP background, familiar w/ MM module but not required

• Familiar with automation tools (Power pivot, Power query, Power BI, etc.)

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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