Accounts Receivable Cash Appl Supr - CITGO Petroleum Corporation

CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.

At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.

Job Summary

Manage and direct the finance and accounting functions for Accounts Receivable and Cash Application The activities pertain to ARUBA, LDC and CITGO payments received by Wires, ACH, Lockbox and EFT. Supervise the processing of manual and rejected invoices, payment card receivables including the posting of credit card sales, fees and payments. Manage the set-up and customer control information in EBS (electronic bank system). Additionally responsible for administering and ensuring the internal control process for accounts receivables and cash application are adhered to for internal control processes. Perform internal controls yearly for all transaction codes relating to cash. Plans and direct work, provide training, facilitates interaction with other groups including Customer Services, Credit, Treasury, IT and all other accounting groups. Establish employee goals and objectives and sets performance criteria. Review and recommends salary increases and bonus payments. Provides input to establish operating budgets.

Minimum Qualifications

-Bachelor's Degree in Business with 10 years job related experience.

- Supervisory, communication, Analytical and Problem Solving Skills.

-Interpersonal skills to develop and maintain positive relationships with customers and co-workers across the industry.

-Interactive knowledge of SAP systems preferred along with proficiency in Excel, Work, Access and PowerPoint.

Job Duties

1. Manage and direct the accounting activities for Cash Application group. Observe specialist to ensure all cash receipts received from CITGO customers are processed timely and accurately. Manage clearing of the general ledger accounts relating to cash at month end and quarter balance sheet reporting. Manage and direct accounting review activities performed by subordinates within the group. Manage the customer se-up for EBS (electronic bank statement) for wires, ACH and checks ensuring that payments received are directed to the proper accounts. Manage internal control processes to ensure their adequacy. Work closely with Treasury management and IT implement changes in those processes to ensure proper controls. Ensure documentation is prepared and maintained as required for periodic audits for internal auditors and internal CITGO reporting. Manage the weekly and monthly cash receipts postings for the AR Securitization facility.

2. Manager and direct the accounting functions for Accounts Receivable group. Manager the daily posting of manual and rejected invoices, ICE correction, debit/credit memo. Manage the accounting and reconciliation for Bad Debt reserve accounts, Solvent, Prepaid. Work closely with the Credit management. Manage internal control processes to ensure adequacy. Implement changes in those processes to ensure proper controls. Ensure documentation is prepared and maintained as required for periodic audits for external auditors and internal CITGO reporting.

3. Manage and direct the accounting for the Credit Card fees, adjustments and payments. Oversee the daily postings for payments received. Direct the customer set-up for credit card payments received through EBS (electronic bank statement) Ensure documentation is prepared and maintained as required for periodic audits for external auditors and internal CITGO reporting. Work closely with the payment group to resolve any outstanding issues.

Job Duties II

4. Manage and direct the accounting for reconciliation for balance sheet accounts. Work closely with the Demurrage, Light Oils accounting and Financial service groups.

5. Develop finance personnel reporting to this position by teaching and training personnel in SAP applications, business processes, operational processes and specific accounting responsibilities related to their positions. Develop personnel in department by establishing and directing cross-training process as well as providing personal growth and opportunities through special projects and rotational job assignments. Establish department goals and objectives, and set performance criteria. Evaluate employee/Perform EDP (Employee Development Plan.

Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.

Here are the incentives we offer:

• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)

PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Requisition ID - 760