Marathon Petroleum

Senior Technical Accountant - Derivatives & Trading

Marathon Petroleum • $95K — $115K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in accounting
  • CPA certification required
  • Minimum 6 years of relevant experience
  • Combination of public accounting and industry experience
  • 2 years of Big 4 audit experience preferred

Responsibilities

  • Conduct technical accounting research on derivatives and prepare related memos
  • Collaborate with various departments to understand new derivative trading activities
  • Implement new accounting standards related to derivatives
  • Develop training programs on ASC 815 derivative accounting
  • Ensure consistent application of financial policies related to derivatives
  • Support cross-functional projects on derivative accounting
  • Maintain and enhance SOX compliance for derivative-related processes
  • Identify process efficiencies and improvement opportunities

Benefits

  • Opportunity for professional growth in a leading energy company
  • Collaborative working environment with finance and trading teams
  • Involvement in high-impact projects related to derivative accounting
  • Access to training and development initiatives
  • Engagement with external audit partners for professional learning
Full Job Description
Position Overview:


Reporting to the Technical Accounting & Financial Reporting Director, the Senior Technical Accountant, Derivatives and Trading, is responsible for researching, drafting, and communicating technical accounting policy related to derivatives under US GAAP. This position will have significant integration across the finance and trading organizations and require partnering with the company’s external audit firm and various members of management.



Key Responsibilities:


  • Performs technical accounting research on all derivative related items, including 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.
  • Works on projects to implement newly issued accounting pronouncements relating to derivatives.
  • Prepares training programs to support learning and development initiatives related to derivative accounting under ASC 815 for both Controllership and other organizations across the Company.
  • Collaborates with internal partners on consistent and appropriate application of financial accounting policies and procedures related to derivatives and trading activity.
  • Assists with cross-functional projects related to derivative accounting initiatives.
  • Assists in maintaining and improving SOX compliance as it relates to derivative and technical accounting processes
  • Identifies efficiencies and recommends ways to improve processes and standards.



Minimum Qualifications:

  • Bachelor’s degree in accounting
  • CPA required
  • Minimum of 6 years relevant experience
  • A mix of public accounting and industry experience
  • 2 years of big 4 audit experience (strongly preferred)



Skills/Competencies:


  • Adaptability
  • Building Partnerships
  • Communication
  • Problem Solving
  • Project Management
  • Regulatory Compliance
  • Researching
  • Technical Knowledge
  • Technical Writing
  • Training & Development
  • Work Standards

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location:

Findlay, Ohio

Additional locations:

Job Requisition ID:

Location Address:

539 S Main St

Education:

Bachelors: Accounting (Required)

Employee Group:

Full time

Employee Subgroup:

Regular

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.

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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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