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Manager, Inventory Accounting

Date: Sep 13, 2021

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!



Chevron Phillips is currently seeking a Manager, Inventory Accounting to join the Finance organization located in The Woodlands, TX. This position is responsible for providing technical inventory accounting knowledge and the management and oversight of the inventory accounting activities for CPChem’s domestic and international raw and finished product inventories. The position manages a team of 3 accounting professionals.


  • Supervision and development of inventory accountants that perform monthly inventory closing entries, inventory reconciliations, and inventory reporting for product inventory that is located domestically and internationally
  • This position provides technical inventory accounting knowledge and is responsible for properly maintaining inventory based on Dollar Value LIFO (“DVL”) inventory accounting methods
  • Oversees inventory analytics and valuations critical for monthly closing entries
  • Determines appropriate accounting treatment based on inventory accounting policies and assists with policy updates and accounting positions
  • Responsible for internal control processes and SOX testing for Inventory Accounting
  • Leads discussion and teams in various inventory accounting analysis project or policy questions
  • Prepares monthly management reports and provides overview explaining inventory valuation changes
  • Provides analysis for inventory impacts based on forecast or budget outlooks or planning scenarios
  • Provides training session to accounting staff on inventory accounting valuation method and calculations
  • Responsible for valuation calculation for inventory pools and prepares additional analysis to organization structure.

Required Qualifications

  • Bachelor’s degree in Accounting 
  • 10 years of overall accounting experience (including inventory and cost accounting experience) 
  • Previous supervisory experience of at least 4 years 
  • SAP experience 
  • Strong accounting knowledge of cost and inventory transaction flows
  • Previous experience in inventory accounting, financial analyst, plant cost analyst, or related experience
  • Proficient in Microsoft Excel
  • Excellent analytical skills and ability to articulate complex issues
  • Demonstrates the ability to lead and develop accounting staff
  • Demonstrates ability to work and communicate effectively cross-functionally
  • Strong business analytical skills, accuracy, and attention to detail
  • Strong interpersonal skills with ability to communicate with employees at all organizational levels

Preferred Qualifications

  • SAP experience with FI/CO, MM, SD 
  • Experience in the chemical or oil and gas industry 
  • Knowledge of relevant inventory accounting methods and tax treatment for Dollar Value LIFO inventory pools 
  • Experience working with, and knowledge of, inventory valuation methods for the chemical industry
  • Proficiency in Power BI


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


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 5%

Eligibility for Relocation: Yes (Internal Candidates Only)

Closing Date: 09/28/2021

Nearest Major Market: Houston

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