Chocolate Bayou, Alvin, TX - USA
March 30th, 2023
Organizational context and job purpose
With LAO manufacturing facilities in Canada and Belgium, INEOS Oligomers is one of the large merchant suppliers of Linear Alpha Olefins (LAO).
LAO is used in a variety of industries, with main markets being comonomers for polyethylene, feedstock for production of lubricants, surfactants, lubricant additives, and paper sizing chemicals, and base stock for drilling fluids. PAO is a synthetic lubricant.
As part of its growth strategy, INEOS Oligomers invested $500 million in a new world-scale LAO & PAO production facility to be located on INEOS Olefins & Polymers site in Chocolate Bayou, Alvin, Texas.
INEOS Oligomers is hiring a Financial Analyst that will report to the OCB Site Controller.
Purpose of the job:
The purpose of the OCB financial analyst is to ensure accurate and timely recording of financial transactions, assist in forecasting, and preparation of reports for Site Controller, Site Leadership, and Oligomers business management. This role has frequent interaction and must build relationships within the site and Oligomers business in the Marina View office. It will require active participation in various audit activities, both internal and external. A flexible work schedule is required to meet monthly, quarterly, and year-end financial book close deadlines.
As a Responsible Care company, we encourage our employees to embrace the principles of Responsible Care® by actively practicing them, promoting awareness of Responsible Care® and encouraging others to commit to these principles. Responsible Care® is the chemistry industry's commitment to sustainability - the betterment of society, the environment and the economy. Its ethic and principles compel us to innovate for safer and more environmentally friendly products and processes, and to work cooperatively to identify and eliminate harm throughout the entire life cycle of their products.
This position has accountability, in keeping with the INEOS Responsible Care principles and ethics, for all aspects of the operation of the Plant, including safety/environment, people management, cost control, quality, production planning, project and process follow-up.
Availability and accuracy of information needed for analysis and reporting – work closely with sources to receive information in a timely manner; identify business cash needs and identify/correct variances and anomalies, and establish automated checks to ensure information accuracy.
Working relationships – develop strong relationships with site management team; support the financial processes (closings, planning/forecasting, cost control, audits, etc).
Ambiguity and/or incompleteness of information – exercise judgement and experience to best utilize ambiguous and/or incomplete information as needed
Automated analysis tools – optimize capabilities of automation to process and analyse large volumes of information.
Competing priorities – prioritize and manage complex requirements, particularly during key reporting periods (closing, forecasting, budget, year-end).
Responsibilities AND Accountabilities
Major responsibilities for the Financial Analyst include but are not limited to the following:
Provide necessary support during the monthly financial close process so that the site financial results are accurately completed on a timely basis. This includes recording and reviewing accruals, overhead costs, utilities, third party service bill-outs, variable costs, etc.
Posting transactions and monitor operational activity related to capital projects.
Assist with the consolidation and analysis of the annual site fixed and variable cost budget.
Assist with month end inventory recordings and mass balance of production and consumption activity, as well as quarterly physical inventory counts and reconciliations of process materials.
Prepare monthly financial reports that summarize plant variable and fixed cost performance. Perform necessary variance and trend analysis on operating costs, capital spending, working capital investment, etc. to clearly interpret these results for management.
Create, manage, and close capital project structures in SAP. Create assets and process project settlements to assets.
Provide support for various government requests and tax reporting packages.
Support management interpretation of financial transactions, events, and INEOS policies for users who must make economic or business decisions.
Maintain and support INEOS internal control processes and the delegation of authority. This includes regular review of internal control process documents.
Prepare monthly balance sheet reconciliations and follow up on any unresolved balance differences. Gather and provide documentation for external audit requests as required and assist with annual physical inventory observations.
Prepare monthly sales and use tax reports and assist with annual compliance reporting.
Support and follow Oligomers and CB behavioural and process safety practices.
Level of education & Experience in general
Bachelor’s degree in accounting, finance or related field with 5+ years of relevant experience.
CPA or MBA degree preferred.
Preference given to candidates with financial experience in a manufacturing environment.
Superior Microsoft Office skills, especially Excel, are required.
SAP FI/CO/MM super-user level knowledge (knowledge of other modules also a plus)
Strong analytical and problem-solving ability.
Strong organizational and time management skills
Ability to manage multiple tasks under strict deadlines.
Self-starting individual who can work with a minimum of direction preferred.
Must have good communication skills and be able to discuss and explain financial transactions and processes in a clear and concise way to individuals across the organization.
Working knowledge of financial internal control processes.
Demonstrated record of gaining trust of leadership in working on sensitive issues.
Track record of establishing strong relationship with key stakeholders at all levels of the organization to deliver creative, effective solutions in a difficult and changing business environment.
Excellent oral and written communication skills in English language.
Strong planning and organizing skills with an ability to manage several projects simultaneously.
Demonstrated ability to think strategically and innovatively to uncover new opportunities.
Successful project team leadership experience with at least small multi-functional business teams.
Possess excellent teamwork and interpersonal skills across all levels and organizational boundaries.
Demonstrated expertise with Microsoft Office products EXCEL, PowerPoint, Word, and Outlook required. Working familiarity in Microsoft Access desired.
Demonstrated SAP user reporting expertise desired.
Enjoy working in a close team environment on common goals under both normal and stressful conditions.
Confident in working closely with leadership on a variety of projects from simple to highly complex strategic levels of importance.
Self-starter, able to work independently with minimal supervision on an ongoing basis.
Willingness to learn and to assist others to learn, both within the team and with other contacts within the business.
Flexible and nonpartisan, focused on supporting the business goals.
Sensitivity to cultural differences in working with international colleagues.
ADA Physical requirements, visual acuity requirements and environmental conditions
While performing the duties of this job, the employee is regularly required to sit and perform tasks requiring repetitive use of hands. The employee must occasionally walk and stand. Exert up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects.
Employee must have the ability to see written documents, computer screens and to adjust focus.
Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction. Ability to receive detailed information through oral communication and to make discriminations in sound.
Work Environment: This job is performed mainly in a temperature-controlled office environment.
Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.