About Us
Chevron is a leading multinational energy company with operations in over 180 countries. Founded in 1879, Chevron has a rich history of innovation and growth, making significant contributions to the global energy landscape.
Chevron markets Caltex® fuels, lubricants and other petroleum products in the Philippines. Our network of service stations, terminals and sales offices forms the backbone of our presence in the Philippines.
Chevron supports its operations in the Philippines and worldwide through two subsidiaries: Chevron Philippines Incorporated (CPI), which manages downstream operations and markets Caltex brand fuels, lubricants and petroleum products, and Chevron Holdings Incorporated (CHI), a global business services organization. Established in 1998, CHI provides business support services in finance and accounting, information technology, supply chain management, human resources, customer service and marketing. It serves Chevron affiliates around the world and has grown to be one of the leading global business services organizations in the Philippines. The company has received various recognition as one of the country’s top employers and as a champion of diversity and inclusion in the workplace.
At Chevron, we believe humanity can solve any challenge – including meeting the world’s energy needs of today, while advancing a cleaner energy tomorrow.
About the Role
We have an exciting opportunity for a Finance Analyst for Inventory and Product Costing. This role will be based in 6750 Building, Makati City, Philippines.
Responsibilities include, but are not limited to, the following:
1. Perform month-end closing activities like:
Prepares, monitors, and validates intercompany purchases of refined products
Monitors in-transit shipment at month end and calculate in-transit gain/loss for in-transit plant
Validates the ending volumes in SAP and coordinate with Terminal personnel for the disposition of variances
Records intercompany purchase accruals to eliminate intercompany imbalances at month end
Monitors reasonableness of Moving Average price (MAP) per material per plant and perform price revaluation for material distortions
Performs Exchange Reconciliation and Revaluation at month end to reflect latest MAP
Performs material ledger closing
Validates and executes GAAPSTAT entries
Investigates Forced Loss/Gains (FLGs) and beyond threshold Average Acquisition Rate (AAR) changes in CIRCA system
Performs month-end close task taps as required by the Regional MEC coordinators
Answers Local Finance and regional reporting queries
Performs volume reconciliation Materials Management (MM) vs. Financial Accounting (FI) Modules
Calculatea Deferred Income Tax on the temporary difference between Statutory and Corporate
Inventory valuation and post entries in SAP
Performs company-owned retail stations wetstock reconciliation
Performs materials & supplies accounting and reconciliation as necessary
2. Prepare Reports such as:
Prepares Financial Template-Inventory Balance/ Statistics
Prepares Commentaries template or Inventory Variance Analysis
Cost of Goods Sold Statutory vs Corporate
Other reports required by the government and regional reporting
Consolidated Inventory Report – per material per plant
LIFO Forecast Report
3. Perform accounts reconciliation for assigned GL accounts in accordance with FSS Accounts
Reconciliation Standards
4. Performs admin activities that may include, but are not limited to, the following:
Participates fully in Finance Safety Programs.
Ensures process documentations are kept current or timely updated and that records archiving and
retention policy are adhered to.
Performs other tasks that may be assigned by the Team Leader.
Prepares and updates work plan as necessary and monitor self-performance to achieve performance
goals.
Aims for continuous self-development by participating in self-study courses, reading relevant
professional materials, attends functional training, interacting with industry counterparts, etc.
About You
We know our greatest resource is the ingenuity, creativity and innovation of our people. Applications from motivated and talented individuals with a keen interest in the energy industry are encouraged.
Knowledge, Skills, and Experience:
Bachelor's degree in Accountancy
Familiar with SAP
Good oral and written communication skills
Strong analytical, teamwork and customer engagement skills
Must have the propensity to work in a proactive, results-oriented, and customer-focused environment.
Enjoys working with people of diverse cultural backgrounds
Preferred Qualifications:
Strong SAP background, familiar w/ MM module but not required
Familiar with automation tools (Power pivot, Power query, Power BI, etc.)
Everything we do at Chevron is guided by our values and our commitment to The Chevron Way (https://www.chevron.com/about/the-chevron-way). At the heart of The Chevron Way is our vision to be the global energy company most admired for its people, partnership, and performance.
Participate in world-leading energy projects, advance your professional development and expand your career within an inclusive, collaborative and high-performing workplace.
Benefits
Competitive salary
Allowances, medical and optical reimbursements
Health care coverage for you and your eligible dependents
Robust employee centered programs for health and wellness
Time-off to promote healthy work-life balance or to care for your family
Annual corporate incentive bonus when the company meets established goals
Recognition & awards program
Long-term savings plan
Life insurance
Career development opportunities to all employees through onboarding, training and development, mentoring, volunteering opportunities and employee networking groups
Hybrid work model - work remotely from home several days a week
At Chevron, we are committed to fostering diversity and inclusion at all levels of our company and at all stages of the employee experience. We constantly strive to attract, develop and retain diverse Filipino talent. Globally, Chevron Corporation has achieved a rating of 100 percent in the Human Rights Campaign Equality Index for the past 17 years. The Index ranks American companies based on their commitment to equality in the workplace.
Connect with us:
Makati City, Metro Manila
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