Description

BASIC FUNCTION

The Operations Accounting Supervisor has direct responsibility for the plant accounting closing processes of Baystar's 4 production units, the production cost accounting and inventory valuation functions, standard costing accuracy at the bill of materials level, the upkeep and accuracy of material master data in SAP, the preparation and distribution of related financial reports, and internal controls. The Supervisor must be a mentor and leader to the plant accounting team, assigning tasks and monitoring performance to achieve an effective group. The Operations Accounting Supervisor interacts both in writing and in speaking with many departments and in particular Plant Operations & Engineering, Supply Chain, R&D, FP&A, and IT. The position must possess a minimum level of prior experience in manufacturing accounting and expert level knowledge of all aspects of the company's manufacturing conversion process from ethylene to polyethylene.

RESPONSIBILITIES

Leadership
• Team mentoring and leadership including establishment of individual goals, mid year and annual performance reviews
• Strengthen internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment
• Leverage strengths of the team members, help to clarify roles and responsibilities and develop training programs to maximize and reach optimal individual and organizational goals

Plant and Cost Accounting
• Execution of month-end, quarter-end, and annual close duties, including accruals and reviewing financial information to ensure the financials are accurately and timely reported. Prepare and post journal entries, and reconcile accounts
• Maintain and validate cost models for ethylene and polyethylene products
• Support margin analysis by product grade, unit, and process stream
• New month standard cost update
• Balance sheet account reconciliations
• Monthly execution of the standard cost actualization program and reporting requirements.
• Oversee the creation of Bill of Materials for manufacturing processes along with creation of material master records
• Annual update of plant fixed/variable cost utility rates for Standard Costs
• Annual input of fixed/variable costs budget into SAP, working closely with the team throughout the budget process
• Monitoring of actual versus standard costing and adjusting as needed
• Month-end Mass Balance exercise and production output reporting used by the manufacturing teams
• Assist plant management with the cost savings/profit improvement programs. Establish the savings tracking models. Verify financial information on the cost savings/profit improvement plans to ensure accuracy
• Prepare operational KPI reports, utilities variance analysis, and energy data reports to analyze utilities and energy consumption for the plant
• Validation of costs to ensure accurate capture of expenditures.
• Unreleased service entry management and reporting.
• Monthly HDA Plant billings based on the outsourced operational agreement
• Reconciliation of utilities, maintenance, and payroll benefit accrual accounts of estimate vs. actual and making necessary postings.
• Monthly Cracker Accruals, Product Unit pricing in SAP, and Production/Consumption Costing
• Must understand accounting for ethylene transactions, exchanges, buy-sells, and costing fundamentals
• Maintain and improve Internal Controls that support the plant accounting function
• Facilitate internal and external audit needs as needed.
• Technical support for the annual financial audit
• Development of accounting manual(s)
• Monitoring of Delegation of Authority tables in SAP
• Assistance with resolving DOA "blocked" transactions
• Review GRC and coordinate with IT security and suggest solutions to resolve any SAP user role conflicts
• Monthly GR/IR reconciliation and ensure goods receipts are properly accrued and matched with vendor invoices, so that outstanding items are cleared timely (GR/IR process).

Inventory & Materials Management
• Ensure accuracy of inventories. Perform month-end inventory revaluation procedures, establish slow moving/obsolete reserves, and handle overall costing of inventory. Ensure inventory costs are accurate. Investigate month-end count variances and help with root-cause corrective actions. Support inventory reporting.
• FIFO inventory valuations and inventory reconciliation of finished goods and raw materials
• Quarterly analysis of the LC/NRV inventory valuation

CORE VALUES

Must exhibit and demonstrate our 4 Core Values
• Caring: Dedicated to Safety, Employees, Customers, Community and Environment
• Trustworthy: Living a Culture of Openness, Honesty and Collaboration
• Connected: Build Strong Partnerships
• Driven for Excellence: Commit to Continuous Improvement

COMPETENCIES
• Job Knowledge - Understands facets of job, aware of duties and responsibilities, keep job knowledge current
• Productivity - Manages workload, works efficiently, meets goals and objectives
• Quality - Strives to eliminate errors, accurate work is a priority, seeks opportunities to improve product/services
• Safety - HSSE - Works in a safe manner, uses PPE, recognizes hazards, makes safety suggestions and observations, current on Training Mine

QUALIFICATIONS / EXPERIENCE REQUIRED
• Bachelor's degree in Accounting
• A minimum of 10 years relevant experience in supervising a manufacturing and cost accounting function from an industry or enterprise with an extensive conversion process
• Proven ability to lead and mentor teams for success
• Understanding of and ability to apply IFRS and US GAAP reporting requirements
• Extensive experience using automated accounting and reporting systems
• Experience with SAP FI-CO and other integrated modules
• Ability to work independently and collaboratively with both functional and cross-functional teams
• Relationship-building skills; develop and maintain productive relationships with extended Baystar team and Service Providers
• Strong analytical, communication, and problem-solving skills
• Ability to write reports, business correspondence, and procedures
• Commitment to safety
• Personal qualities of integrity, credibility, commitment and accountability
• MS Office application competence (Excel, Powerpoint, Word)
• Adaptability and flexibility

PREFERRED QUALIFICATIONS / EXPERIENCE
• Experience in the Petrochemical Manufacturing environment
• CPA licensed
• Experience with Power Apps or Power Query tools
• ERP system implementation experience

PHYSICAL CAPACITY REQUIREMENTS

This position requires the incumbent to:
• Follow safety requirements for the role
• Wear required PPE (eye protection, noise protection, etc.) when inside plant environment, or where directed by signage
• Lift up to 10 pounds
• Walk safely in and around industrial areas
• Work under deadline pressure within an environment that demands attention to safety and detail
• Sit or stand for extended periods of time