Upstream Oil & Gas Financial Analyst

Company:

INEOS Olefins & Polymers USA

Interested in joining a winning team? A team whose employees are empowered to make a difference?

OrganiZational context
and job purpose

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products that is vertically integrated with global upstream assets for both oil and gas. INEOS production network spans 194 manufacturing facilities in 29 countries throughout the world.  INEOS is a dynamic company that has grown through a series of related acquisitions to become one of the world’s largest chemical company with global sales today of approximately $60 billion and 26,000 employees.

INEOS Olefins & Polymers USA is one of the primary INEOS businesses, based in the U.S. From its “Marina View” headquarters office in League City, TX, INEOS Olefins and Polymers USA manages three product line businesses Olefins, Polypropylene (PP), and Polyethylene (PE) and four manufacturing facilities.

INEOS USA Oil & Gas is actively drilling in its Austin Chalk position and has over 100 producing legacy wells. The company office is located in League City, TX and operations are currently centered around the towns of La Grange, TX and Brenham, TX. The Field Office is located in La Grange, TX.

How the Role Fits In:

The Oil and Gas asset team is an integrated, multi-disciplinary team of professionals responsible for operating and developing INEOS USA Oil & Gas properties. The Finance and accounting team members are a group of financial professionals who are responsible for ensuring the integrity of the Accounting and Financial Records of INEOS. The team provides financial reporting, analysis, monitoring and transaction processing support management.  This role requires the ability to communicate with the financial lead and ensure no interruptions to daily operations.

The Main Purpose of the Role: 

The Financial Analyst, reporting to the Controller, will have responsibility to provide direct support and analysis in Financial Planning and Accounting for INEOS USA Oil & Gas. This role is a key role supporting the field development, production, accounting, and finance teams. A flexible work schedule is required to meet monthly, quarterly, and year-end financial book close deadlines.

Responsibilities AND Accountabilities

• Work closely with the Controller and other members of the Oil & Gas team
• Work closely with the Production Superintendent to record transactions in the field with service vendors
• Provide necessary support during the monthly financial close process so that the financial results of the business are accurately completed on a timely basis
• Prepare monthly financial reports that recap asset performance and perform necessary analysis to clearly interpret these results for management including variable and fixed cost variances, working capital investment, etc.
• Analyze trends and prepare/compile financial forecasts for the business as required.
• Performs a broad range of accounting functions including routine reconciliations, allocations, recurring journal entries and invoicing
• Assists with cash, accounts payable, accounts receivable, invoicing and/or processing expenses
• Prepares journal entries, cash receipts documentation and A/P & A/R statements
• Compiles monthly necessary documentation and statements
• Handles calls and certain requests for information related to the accounting department
• Updates monthly account reconciliation registers
• Performs data entry and maintains more complex spreadsheets that support various cost analysis
• Assigns codes, identifies accounts and prepares data transaction sheets
• Assists with special projects as needed
• Filing and record keeping
• Prepares monthly forecast and price volume analysis
• Organizes monthly accruals and provides analysis of PPAs
• Works with operations to analyse actual results to prepare future AFE’s
• Runs economic models to deliver IRR, NPV and paybacks
• Reviews financial statements to ensure accuracy

Skills & Knowledge Required

Education/Experience

• Bachelors degree in Finance or Accounting
• 4-8 years’ relevant experience
• Experience with oil & gas accounting preferred

Technical skills

• Ability to use Microsoft Office to support business presentations, reporting and communications
• Strong Microsoft Excel user
• Provides multiple, creative alternative solutions as required.

Behavioural skills

• Demonstrated problem solver, and is the primary resource to help improve performance.
• Very good communication skills (both written and verbal) and the ability to influence both peers and management.  Uses communication skills to share knowledge and expertise.
• Skilled at tailoring the communication to the audience in a clear, concise, manner. 
• Challenges the status quo without creating conflict. 
• Comfortable with all levels in the broader organization.
• Uses consensus and participation in decision making appropriately; sees connections/trends

External candidates must be fully vaccinated against COVID-19.

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.