Financial Analyst IV

Company:

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

INEOS Organization:

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. Comprising 36 individual businesses, INEOS operates 194 facilities in 29 countries throughout the world.  INEOS Olefins and Polymers (O&P) USA is a significant business in the INEOS group of companies.  INEOS Group Limited is one of the world’s largest chemicals companies with annual revenue of ~ $30 billion, 16,000 employees, and 68+ sites.

Business Context: 

The O&P USA business includes the product lines Ethylene, Propylene, Butadiene, Polypropylene and Polyethylene.  Manufacturing sites include Chocolate Bayou Works (Alvin, TX), Battleground Manufacturing Complex (LaPorte, TX), Carson (Carson, CA), with a division office in League City, TX.

How the Role Fits in: 

The polymers financial analyst is part of a professional accounting team that supports the accounting and reporting requirements of the polyethylene business and the overall O&P accounting function.

The Main Purpose of the Role: 

The polymers financial analyst is responsible for supporting business management with operational reporting, forecasting, and financial results analysis.  This position also supports the O&P accounting team in managing financial processes including the internal control environment, payroll and benefits accounting, property tax accounting, intercompany accounting, and other tax reporting.  Additionally, this position supports balance sheet reconciliation review and transaction processing (e.g., payment and billing processes) as required.  In this role, the financial analyst must work closely with the PE business manager and commercial team, supply chain, procurement, manufacturing, the benefits department, the tax department, and other members of the O&P accounting team.

Responsibilities & Accountabilities

• Assist and provide oversight into the monthly financial closing process, including preparation of financial entries and monitoring of earnings, capital employed and cash flow.  Post and summarize polymers actual results from SAP.
• Provide financial reporting support to Polyethylene business management, the PE asset team, and functional management as necessary.  This includes detailed sales, inventory, and freight cost reporting, as well as financial statement reporting.  Perform variance and trend analysis on monthly results to point out significant changes from plan and develop explanations regarding the key events affecting financial results.  This work involves discussion of results with commercial managers, supply chain analysts, plant financial analysts, and other functional teams.
• Support business management in preparation of latest earnings estimate (Group Financial Outlook).  This includes analysis and explanation of significant sales or operating changes from previous forecasts.  In this role the analyst will advise business management on the financial impact (earnings, cash flow) related to short-term decisions on production levels, pricing action, etc.  Prepare the Polyethylene forecast summary monthly to show forecast changes and statistics associated with the latest earnings estimate.
• Coordinate and compile details associated with the annual performance plan and five-year plan for the polyethylene business.  This includes working with manufacturing, commercial, and research managers to assist with establishing cost targets, production factors, working capital metrics, and other milestones.
• Support polymers balance sheet reconciliation process and analyze account details as required on inventories, payroll and benefit liability balances, GST accounts, accrued accounts receivable, etc.
• Prepare monthly profitability analysis by asset (line) for polyethylene and provide comparison to the WebFOCUS output by revenue and cost category.
• Perform monthly benefits bill-outs from O&P to other INEOS businesses
• Post monthly impress account activity into SAP and reconcile bank statement monthly.
• Coordinate O&P property tax payments, renditions, exemption filings, and value assessments as necessary to meet payment and filing deadlines.  Interface with property tax consultants as necessary to complete the rendition filing and payment process.
• Assist in maintaining polymers financial master data in SAP as necessary, including ledger accounts, cost centers, internal orders, vendors, customers, materials, etc.
• Provide monthly reporting support to the tax department on polymers revenue breakdown by state.
• Provide oversight and support to the business unit delegation of authority and internal control environment by reviewing approvals on payment requests, price changes, inventory write offs, and other transactions.
• Advise on business process design and workflow to identify productivity improvements and efficiencies.  Maintain desk book and work instructions on the finance share point site for training and business continuity purposes.

Skills & Knowledge Required

• Bachelor’s degree in accounting, finance, or related business field and a minimum of 5 years relevant experience.  Advanced degree/education such as MBA, CPA or CMA certification is a plus.
• The candidate would preferably be familiar with the chemical industry and associated accounting practices.
• Strong Microsoft Office skills, especially Excel, are required.
• SAP FI/CO module knowledge including journal entries, line-item management, reporting, master data, etc.; (knowledge of other SAP modules such as SD/MM also a plus)
• Strong analytical and problem-solving ability
• Defines personal success in terms of the whole team.
• Good organizational and time management skills – much of the work in this role is deadline driven.
• 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 information concisely to individuals across the organization.
• Strong knowledge of internal control fundamentals and approval process workflow.

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.