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Inventory Accountant

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Date: Sep 20, 2024

Location: USA: Woodlands, TX, US, 77380

Company: CPChem

You may not realize it, but you’ve likely used a product today made possible by the plastics and chemicals manufactured by Chevron Phillips Chemical. From medical supplies and electronics to food packaging and cosmetics, we create the building blocks for more than 70,000 consumer and industrial products.

 

Even as a global company with 5,000 employees, we maintain a “small company feel” and uphold a culture of respect, diversity, and inclusion. Ask any Chevron Phillips Chemical employee what they like best about their job, and universally, the answer is “the people I work with!” We value work-life balance, and love to see our employees thrive both professionally and personally. There has never been a better time to work for Chevron Phillips Chemical. If you’re ready to grow with us and become part of our vision of being the premier Chemical Company, apply today!

 

Purpose/Introduction

The Inventory Accountant position is located at The Woodlands Headquarters office and reports to the Inventory Accounting Manager/ Supervisor. This position has the unique opportunity to be exposed to all product lines at CPChem’s domestic and international locations.

 

Responsibilities include month/quarter close ending inventory calculations and journal entries, balance sheet account and plant inventory book-to-book and book-to-physical reconciliations, and year-end inventory financial and tax reporting for CPChem’s product inventories in accordance with company policies and accounting standards.

 

The accountant makes practical application of technical accounting practices and concepts, and should raise questions about unusual items and suggest possible solutions to the Inventory Accounting Manager/Supervisor.

Responsibilities

  • Calculate Average Acquisition Rates (i.e. product cost rates) and Inventory valuation adjustments and obtain business line approvals
  • Compute monthly Profit-in-Inventory adjustments
  • Perform quarterly Lower of Cost or Market analysis in accordance with company policy
  • Complete monthly/quarterly dollar and plant reconciliations by company deadlines
  • Prepare and record general ledger entries for month close or reconciliations in accordance with delegation of authority policy
  • Participate in periodic physical inventory counts at third-party warehouse locations
  • Assist with review and testing of SOX key controls and significant spreadsheets
  • Support internal and external audits of Inventory Accounting processes
  • Prepare various reports for Tax, Insurance and Corporate Reporting groups
  • Other ad-hoc or special requests as assigned by the Inventory Accounting Manager/Supervisor

Responsibilities (continued)

Required Qualifications

  • Bachelor’s degree in Accounting, Finance, or Business with a strong preference in the disciplines of Accounting
  • A minimum of 1 year of accounting or financial analyst experience
  • Proficiency in Microsoft Office computer applications with a strong emphasis on Excel skills
  • Demonstrates the ability to develop strong working relationships with team members, colleagues and customers
  • Strong oral and written communication skills and attention to detail

Preferred Qualifications

  • At least 1 year of related work experience in the chemical industry
  • Experience with SAP FI/CO, Materials Management (MM), and Sales & Distribution (SD) modules
  • Blackline experience
  • Data analytics (e.g., PowerBI and/or Alteryx) experience
  • Ability to improve processes and implement changes
  • Demonstrates a good understanding of accounting principles, ability to apply pertinent accounting policies and practices, and can analyze issues and transactions with financial implications

 

Chevron Phillips Chemical offers competitive salaries, a comprehensive benefits package and at most locations, alternate work schedules. To learn more about Chevron Phillips Chemical and to be considered for a position, please visit us online today at www.cpchem.com.

 

Paper resumes will not be accepted. All job seekers must go to the web site to be considered for positions. If you are interested in applying for this position and need an accommodation to apply, please contact our Human Resources Service Center at 1-800-446-1422, option 4.

 

Chevron Phillips Chemical Company is an Equal Opportunity / Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, ancestry, age, disability, veteran status or marital status.

 

To all recruitment agencies: We are not responsible for any fee related to unsolicited resumes from 3rd party staffing and recruiting agencies (whether submitted through this website or sent directly to employees) unless a written agreement is in place between the agency and Chevron Phillips Chemical Company LP (“Company”) and an authorized Company representative makes a written request to the agency to assist with this requisition. Similarly, no fee will be paid for candidates who apply and claim to be represented by an agency. Any unsolicited resumes, CVs, or other candidate information submitted by an agency will become the property of Company, and no fee will be paid in the event such candidate is hired.

 

Travel Requirements: Up to 10%

Eligibility for Relocation: Yes (Internal Candidates Only)

Closing Date: 10/06/2024


Nearest Major Market: Houston
Job Segment: Financial Analyst, Accounting, Inventory, ERP, SAP, Finance, Operations, Technology