Phillips 66 Analyst, Reporting & Position Control in Houston, Texas
Phillips 66 & YOU- Together we can fuel the future
Phillips 66 has more than 140 years of experience in providing the energy that allows people to dream bigger and go farther, faster. We are committed to improving lives. That is our promise to our employees and our communities. And we are sustained by the backgrounds and experiences of our diverse teams. We call our cultural mindset Our Energy in Action, and it is defined through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence. Phillips 66, ranked No. 23 on the Fortune 500 in 2019, has returned more than $26 billion to our shareholders since 2012.
The Analyst, Reporting & Position Control position is responsible for supporting the monitoring and reporting of all physical and paper commodity trades using the commercial department's deal capture, position reporting and risk management systems. The position serves as an expert resource to the position control and risk analysis functions, solving problems, working special projects, training new analysts and backing up analysts during transitions.
Responsibilities May Include
Producing a daily analysis and explanation for business unit positions, exposure, and P&L in a timely and accurate manner.
Preparing a daily reconciliation of physical and financial positions to systems of record and front office control spreadsheets to support reporting accuracy and controls.
Providing business explanations for the monthly financial results.
Supporting and maintaining the Company's internal control environment to ensure compliance with all risk policies and trading controls.
Providing daily exposure information used to calculate and back test VaR.
Performing regression testing of system upgrades and enhancements.
Supporting modeling analysis for possible trading scenarios and structured products.
Providing ad hoc analysis and decision support information for commercial business units.
Serving as back-up in other regions or products to allow for continuous coverage on all desks at all times.
Ensuring prices are valid for valuing and marking all open positions to market.
Legally authorized to work in the job posting country
Intermediate proficiency in Microsoft Excel
Bachelor's degree in Finance, Accounting or Engineering
Working knowledge of financial products/contracts used in commodity trading and risk management (swaps, options, futures and forwards)
Working knowledge of SolArc RightAngle
Ability to work with and be part of several different teams in an open trade floor environment
Ability to juggle tasks in a fast-paced work environment in order to drive consistent process improvement and meet deadlines
Keen attention to detail
Ability to work with minimal supervision and handle multiple priorities
Passion to excel (setting high standards, delivers results)
Solid oral and written communications skills
To be considered
In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of July 23, 2020 .
Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Phillips 66 is an EEO and Affirmative Action Employer of Females/Minorities/Veterans/Individuals with Disabilities
Requisition ID: 52603
Location: Texas - Houston
Job Field: Accounting/Finance
Division : Finance
Technical Req : No