Makati City, Philippines
11 days ago
Finance Analyst for Inventory and Product Costing

Total Number of Openings

1

Responsible for accounting activities across the enterprise, whether embedded in BU, in Corp, or FSS.

Our Finance group delivers finance and accounting services to Chevron across the globe including Upstream, Downstream, Midstream and Corporate. We are innovative leaders sought out for our insights and commitment to protect and grow value. We are one team, bringing diversity to pursue common goal. We find better ways to do business and faster ways to make decisions. We inspire though our action. These are the qualities of Chevron Finance employees, and it is who we aspire to be.


In Finance, you will have the opportunity to grow your career in different functional groups such as Accounts Payable, Midstream Accounting, Bank, Revenue and Retail, Credits and Receivables, Intercompany, Financial Accounting and Reporting, Upstream Accounting and Business Analysis and Support.


We are now accepting online applications for the Finance Analyst for Inventory and Product Costing position through July 5, 2024 at 11:59 p.m. PH Time.

Job description:

Perform month-end closing activities like:

Prepare, monitor, and validate intercompany purchases of refined products

Monitor in-transit shipment at month end and calculate in-transit gain/loss for in-transit plant

Validate the ending volumes in SAP and coordinate with Terminal personnel for the disposition of variances

Record intercompany purchase accruals to eliminate intercompany imbalances at month end

Monitor reasonableness of Moving Average price (MAP) per material per plant and perform price revaluation for material distortions

Perform Exchange Reconciliation and Revaluation at month end to reflect latest MAP

Perform material ledger closing

Validate and execute GAAPSTAT entries

Investigate Forced Loss/Gains (FLGs) and beyond threshold Average Acquisition Rate (AAR) changes in CIRCA system

Perform month-end close task taps as required by the Regional MEC coordinators

Answer Local Finance and regional reporting queries

Perform volume reconciliation Materials Management (MM) vs. Financial Accounting (FI) Modules

Calculate Deferred Income Tax on the temporary difference between Statutory and Corporate Inventory valuation and post entries in SAP

Perform company-owned retail stations wetstock reconciliation

Perform materials & supplies accounting and reconciliation as necessary

Prepare Reports such as:

Prepare Financial Template-Inventory Balance/ Statistics

Prepare 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

Perform accounts reconciliation for assigned GL accounts in accordance with FSS Accounts Reconciliation Standards

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.

Working with us:  

There are two Chevron companies operating in the Philippines: Chevron Holdings Incorporated (CHI) and Chevron Philippines Incorporated (CPI). 

CHI is a shared services center providing transactional, processing, and consulting services in the areas of finance and accounting, information technology, supply chain management, human resources, downstream customer service and marketing. Established in 1998, CHI serves Chevron affiliates in six continents around the world. Over the years, it has grown to be one of the leading members of the shared services industry in the Philippines.

CHI has received various recognitions as a top employer: the 2022 Diversity Company of the Year, 2021 Asia’s Best Employer Brand Award; 2021 Global Best Employer Brand Award; 2020 HR Asia Best Companies to Work for in Asia; 2019 Circle of Excellence, Top Employer Category at Asia CEO Awards and the 2018 Wellness Company of the Year at the same Asia CEO Awards. 

CPI markets the Caltex brand of top-quality fuels, lubricants and petroleum products through a network of service stations, terminals and sales offices.

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 lesbian, gay, bisexual and transgender equality in the workplace.

Benefits:

Competitive salary  

Allowances, medical and optical reimbursements   

Health care coverage for you and your eligible dependents   

Robust employee centred 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

Connect with us: 

Facebook

Instagram

LinkedIn

Twitter

YouTube Chevron

YouTube Caltex

Recruitment Process and Onboarding during COVID 19 pandemic:

HR initial phone screening, virtual processing for panel interview, job offer, medical assessment, onboarding and orientation.

Relocation option:

Relocation will not be considered within Chevron parameters.

International considerations:

Expatriate assignments will not be considered.

Chevron participates in E-Verify in certain locations as required by law.

Makati City, Metro Manila

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