Job Information
Chevron Corporation Finance Analyst - Inventory and Product Costing in Makati City, Philippines
Total Number of Openings
1
Manages the company's accounting services and processes. This Job Category includes accounting positions embedded in BUs, in Corporate Departments, and Financial Shared Services (FSS). (Note: FSS accounting leadership/managerial positions should not be mapped to this Job Category.)
Supports medium sized clients/customers and makes significant contributions to more complex projects under periodic supervision. General knowledge of the work function and Chevron’s practices.
The Company:
Chevron Holdings Inc. (CHI) is a subsidiary and is a pioneer multi-function Shared Services Center in the Philippines located in Makati City. With a workforce of more than 1,000 employees, CHI delivers business services and solutions in areas such as finance, human resources, procurement, sales and marketing support and information technology.
Join our Finance Team:
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.
Chevron is accepting online applications for the position of Finance Analyst - Inventory and Product Costing located in Makati City, Philippines.
Responsibilities include, but are not limited to, the following:
- Perform month-end closing activities like:
Prepare, monitor , and validate intercompany purchases of refined products .
Monitor in-transit shipment at month end and related gain/loss for in-transit plant .
Monitor non-stock holding (NSH) plants at month end to ensure zero balance or appropriate explanation on timing differences.
Validate the ending volumes in SAP and coordinate with Terminal personnel for the disposition of
v ariances .
Record accruals related to inventory such as stock on water and 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 excise tax revaluation and assist w/ excise tax update as necessary .
Perform purchase price variance analysis and post adjustments .
Perform Exchange Reconciliation and Revaluation at month end to reflect latest MAP .
Perform Buy/Sell reconciliation and reclass at month end .
Facilitate back to back sale and posting in the system.
Perform material ledger closing .
Validate and execute GAAPSTAT entries .
Review CIRCA LIFO valuation reports, investigate CIRCA F orced L oss/ G ain s (FLGs) , provide commentaries on A verage A cquisition R ate (AAR) f luctuations, and answer build/draw questions as appropriate .
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 and CIRCA system .
Calculate Deferred Income Tax on the temporary difference between Statutory and Corporate
i nventory valuation and post entries in SAP .
Perform company-owned retail stations wetstock reconciliation .
Perform materials & supplies accounting .
Assist w/ LIFO forecasting and COGS analysis as required .
Assist w/ basic SAP materials movement errors troubleshooting and correction in the system.
- Prepare Reports such as:
Inventory Reports on balances, trends, and gains/losses
Prepare Commentaries template or Inventory Variance Analysis
Cost of Goods Sold
Purchase S ummary
Other reports required by the government and regional reporting
Consolidated Inventory Report – per material per plant
Metrics and Process Health Check reporting
- 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 and Cybersecurity 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.
Requirements:
Bachelor's Degree major in Accountancy, Management Accounting, Accounting Technology and related courses.
Demonstrated experience and background in Finance, Accounting, and/or Audit work
Effective communicator and able to build relationships with various stakeholders and teams
Solid analytical and problem-solving skills
Innovative and has passion for learning digital tools and technologies
Experience and knowledge in digital tools and other technology systems is an advantage
Working with us:
There are two Chevron companies operating in the Philippines: Chevron Holdings Inc orporated (CHI) and Chevron Philippines Incorporated (CPI) .
CHI is a shared services center providing transactional, processing, and consulting services in the areas of f inance and accounting , information technology, supply chain management , h uman r esources, downstream c ustomer s ervice and m arketing. 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 recognition s 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 ma rkets 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 compan y 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 i n 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 work place .
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 (https://www.facebook.com/Chevron/)
Instagram
L inkedIn (https://www.linkedin.com/company/chevron/life/ca8371ee-b5cf-419e-8620-daab24959545/)
Twitter
YouTube Chevron (https://www.youtube.com/watch?v=tg_3WcrCM_g)
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.
Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Chevron is an Equal Opportunity / Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or other status protected by law or regulation.