Derivatives Associate Accountant-230018T
Posted on: 5 Jun 2023
San Antonio, TX
Job Description
Valero is looking for a Derivatives Associate Accountant to join the Risk Management and Trading Controls department at the headquarters in San Antonio. The Associate Derivatives Accountant is responsible for recording, reviewing, and analyzing transactions related to commodity derivatives and the reconciliation of gains and losses from hedging activity.
Responsibilities may include:
Ensures the timely and accurate reconciliation of daily broker accounts containing existing commodity contracts.
Communicates and reports reconciling items to traders and issues to management.
Assists in the coordination of daily margin wire transfers to and from third parties.
Processes monthly broker commission invoices with third parties and records in SAP.
Responsible for reconciling the month end balance sheet and income accounts for the derivatives activity to ensure accuracy in the general ledger.
Assists in providing management with ongoing vital information where speed, accuracy, and quality are essential.
Assists with quarterly disclosures and special projects for management and/or other accounting/operational areas as needed.
This position is salaried exempt status, which means you are not eligible for overtime pay.
Qualifications
Bachelor’s degree, or higher, in accounting or a related field required.
1+ year of accounting experience preferred.
Microsoft Excel experience, including pivot tables and formulas, preferred.
Valero
San Antonio, TX
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
As of December 31, 2018, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. It markets its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brand names. The company also produces and sells ethanol, distiller grains, and corn oil primarily to refiners and gasoline blenders, as well as to animal feed customers.
It owns and operates 14 ethanol plants with a combined ethanol production capacity of approximately 1.73 billion gallons per year. In addition, the company owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets that provides transportation and terminaling services. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
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IndustryOil and Gas
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No. of Employees10,261
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Website
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Jobs Posted182
