Financial Analyst
INEOS · League City, Texas, United States · $70K–$105K/yr
Chemical Manufacturing · 1,001-5,000 employees
About the role
The Financial Analyst supports enterprise financial reporting, analysis, and forecasting to ensure accurate results for senior management. Responsibilities include managing month-end close processes, performing variance analysis, and maintaining the integrity of the P&L and balance sheet.
What they look for
Requirements
Candidates must hold a Bachelor's degree in Accounting or Finance with at least two years of relevant experience. Proficiency in SAP and advanced Microsoft Excel skills are required, along with a solid understanding of financial accounting principles.
Full description
Company:
INEOS Olefins & Polymers USA
Interested in joining a winning team? A team whose employees are empowered to make a difference?
Company: INEOS Olefins & Polymers USA
Grade: 32
Offer Range: $70,000 - $105,000 (commensurate with experience)
Job Type: Full-Time
Location: League City, TX
Organizational Context and Job Purpose
INEOS is a manufacturer of petrochemicals, specialty and intermediate chemicals and polymers. INEOS includes 68 manufacturing facilities in 24 countries throughout the world with approximately 18,500 employees. INEOS’ annual turnover is around $60bn making it the 3rd largest chemical company in the world. INEOS is a customer-focused company and our business mission is to be the supplier of choice to our customers.
INEOS Olefins and Polymers USA includes the polyethylene and polypropylene plants located on Battleground Road in La Porte, Texas and the Chocolate Bayou Plant in Alvin, Texas; also includes the Carson, California Polypropylene Manufacturing plant and the Hobbs, New Mexico Fractionation Complex.
How the Role Fits In:
This role sits within the Olefins and Polymers finance team and supports cross-functional finance functions through financial reporting, analysis, and planning. This role requires the ability to communicate with employees of all levels and work in an open environment.
Purpose of the Job:
The Financial Analyst supports enterprise financial reporting, analysis, and forecasting activities to ensure accurate and timely results for Senior Managers and members of the Executive Team. A flexible work schedule is required to meet monthly, quarterly, and especially year-end financial book close deadlines. This role is a key part of the Olefins & Polymers Finance Team ensuring the integrity of the P&L and Balance Sheet
Responsibilities and Accountabilities
- Provide support during the monthly, quarterly, and year-end close processes to ensure accurate and timely financial reporting.
- Provide support in preparing and analyzing financial results, including variance analysis vs. budget, forecast, and prior periods.
- Support consolidation of financial results across business units, including intercompany activities.
- Support month-end activities, including preparation of recurring journal entries, accruals, and variance analysis. Demonstrate a solid understanding of debits and credits.
- Develop a foundational understanding of manufacturing accounting processes, including standard costing, inventory valuation, production variances, and BOM structures, to support analysis.
- Monitor, analyze, and report on working capital components, including inventory, receivables, and payables.
- Extract, validate, and analyze financial data from SAP and other reporting systems
- Support balance sheet reconciliations and variance analysis to provide assurance on data integrity.
- Collaborate with the other members of the Finance & Accounting team.
- Support compliance efforts by providing required information to external financial auditors as required.
- Backup for other members of the Finance Team as needed.
- Participate in special projects from time to time, as directed by management.
- Other duties as assigned.
Skills & Knowledge Required
Education/Experience
- B.S. in Accounting or Finance with 2+ years of relevant experience required.
- Master’s in business, accounting or finance will be strongly considered as positives.
- Previous financial accounting experience required, preferably in the chemical industry.
- Chemical industry experiences a plus.
Skills/Competencies
- SAP FI module knowledge (knowledge of other modules also a plus)
- Advanced Microsoft Office skills, especially Excel.
- Strong analytical and problem-solving ability with attention to details.
- Strong organizational and time management skills.
- Ability to work independently and as part of a team.
- Effective communication skills with ability to explain financial concepts.
- Working knowledge of financial internal control processes.
#OPUSA
Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance. On our team, people are acknowledged for embracing new practices that help create real value for customers.