Marathon Petroleum

Principal Technical Accounting, Derivatives and Trading

Marathon Petroleum$120K — $145K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting
  • CPA certification required
  • 10 years of relevant experience preferred
  • Strong knowledge of ASC 815 and derivative accounting
  • Experience with financial reporting and disclosure impacts

Responsibilities

  • Lead technical accounting on derivatives and prepare related memos
  • Collaborate with various departments to ensure accurate derivative reporting
  • Assess and implement new accounting pronouncements for derivatives
  • Develop and lead training initiatives for derivative accounting
  • Advise internal partners on financial accounting policies related to derivatives
  • Provide management reporting and advice on derivative impacts
  • Lead cross-functional projects on derivative accounting initiatives

Benefits

  • Access to health, vision, and dental insurance
  • Paid time off
  • 401k matching program
  • Paid parental leave
  • Educational reimbursement
  • Eligibility for annual bonus program
Full Job Description
  • Leads technical accounting on all derivative items, including technical accounting research, preparation of technical memos, determination of financial reporting and disclosure impacts, and internal management reporting.
  • Works with Derivatives accounting, SOX, Trading, Strategy and Derivative organizations to understand all new derivative trading activity and develop new processes and controls to ensure accurate accounting and reporting of derivative activity.
  • Responsible for assessing impact and implementing any newly issued accounting pronouncements relating to derivatives.
  • Leads all learning and development initiatives related to derivative accounting under ASC 815, leveraging deep technical knowledge to develop and lead training programs, as necessary, for both Controllership and other organizations across the Company.
  • Counsels and advises internal partners on consistent and appropriate application of financial accounting policies and procedures related to derivatives and trading activity.
  • Provides accounting advice and summarized management reporting to leadership to assist them in understanding and assessing derivative impacts on the Company
  • Leads cross-functional projects related to derivative accounting initiatives.
  • May assist management with team oversight and review work of others. Trains, mentors, and assists in providing direction to other team members.
  • Formulates and evaluates accounting processes to ensure proper control, adherence to GAAP requirements, and compliance with Sarbanes-Oxley.
  • Ensures the integrity of financial transactions with both internal and external stakeholders.
  • Support accounting processes by leading and providing guidance in the management and prioritization of business requirements, system enhancements, and/or accounting standards.
  • Ensure standard business processes are followed across multiple accounting functions.
  • Ensures successful completion of internal and external audits.
  • Ensure proper execution of controls and performance, documentation, and retention in accordance with accounting policy.

• Bachelor's degree in accounting
• CPA required • 10 years of experience preferred

Location:
Findlay, Ohio

Additional locations:

Job Requisition ID:


Location Address:
539 S Main St

Education:

Employee Group:
Full time

Employee Subgroup:
Regular

Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

About Marathon Petroleum

Marathon Petroleum Corporation (MPC) is in the business of creating value for their shareholders through the quality products and services they provide for their customers. They strongly believe how they conduct their business is just as integral to their bottom line. As a result, they strive to always act responsibly with those who work for them, with those business partners who work with them, and in every community where they operate.

Marathon Petroleum Careers

Joining Marathon Petroleum means becoming part of a leading global team in the energy sector, where job opportunities abound for those eager to advance their careers in a dynamic and inclusive environment. As one of the largest refining companies in the world, Marathon Petroleum is at the forefront of transforming the energy landscape.

Work You’ll Do

At Marathon Petroleum, your work will directly contribute to the company's ongoing success and leadership in the industry. You will collaborate with skilled professionals dedicated to innovation and excellence in all aspects of the energy sector. Our team's combined expertise fuels Marathon Petroleum's commitment to sustainable energy solutions and operational excellence.

Innovate and Lead

Step into a role that challenges and excites with Marathon Petroleum. Here, innovation isn't just a buzzword—it's a call to action. Our leadership is committed to fostering a culture where new ideas lead to groundbreaking solutions. This commitment to innovation and leadership is woven into every aspect of our business, from refining operations to environmental strategies.

Grow and Develop

Marathon Petroleum is deeply invested in the professional growth and development of its employees. We offer a variety of training and development programs, including leadership development, diversity training, and technical skills enhancement. Whether you're starting as an intern or a seasoned professional, you’ll find a pathway to personal and professional growth with us.

Be Part of Our Team

Our team at Marathon Petroleum is driven by a shared mission to excel. By joining us, you'll work alongside dedicated professionals who are passionate about their roles and the impact they have on the company and the industry. Our collaborative environment supports career advancement and fosters a culture of professional enrichment.

Diversity and Inclusion

At Marathon Petroleum, we believe diversity drives innovation. Our inclusive culture welcomes all perspectives and encourages a diverse workforce that reflects the communities we serve. We are committed to providing equal employment opportunities, ensuring that all team members have the resources they need to succeed.

Explore Job Opportunities

Marathon Petroleum offers a range of job opportunities across various functions of the business. From internships that provide real-world experience to full-time positions in engineering, business, and more, there’s a place for your skills and passions here.

Future-Proof Your Career

With Marathon Petroleum, you are not just finding a job; you are building a career equipped with the tools for success in the ever-evolving energy sector. Our robust benefits package supports your health, well-being, and financial security, allowing you to focus on professional development and career advancement.

Stay Connected

Join Our Team Discover the exciting career opportunities waiting for you at Marathon Petroleum. Search open positions that match your skills and interests. We are always on the lookout for curious, creative, and driven team members.

Keep Up to Date

Stay informed with the latest company news, industry insights, and career tips—all from the people who work here. Marathon Petroleum is more than a company—it's a community where you can grow, innovate, and lead.

Job Alert Emails

Customize your experience by subscribing to receive job alerts and insider information tailored to your preferences. Explore the rewarding opportunities that await at Marathon Petroleum.

Join Marathon Petroleum—where careers fuel futures.

Learn more about Marathon Petroleum
Size
17,700 employees
Market Cap
$53 billion
Industry
Net Income
-$9.8 billion
Founded
2005
5 Year Trend
+13.8%
Revenue
$74.9 billion
NASDAQ

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