Finance Analyst

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 clients/customers and assists with functional projects under regular supervision. Has a general knowledge of the work group.

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 Corp. 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 located in Makati City, Philippines.

Responsibilities include, but are not limited to, the following:

1. 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 variances.
• 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 Forced Loss/Gains (FLGs), provide commentaries on Average Acquisition Rate (AAR) fluctuations, 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 inventory 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.

2. Prepare Reports such as:

• Inventory Reports on balances, trends, and gains/losses
• Prepare Commentaries template or Inventory Variance Analysis
• Cost of Goods Sold
• Purchase Summary
• Other reports required by the government and regional reporting
• Consolidated Inventory Report – per material per plant
• Metrics and Process Health Check reporting

3. Perform accounts reconciliation for assigned GL accounts in accordance with FSS Accounts

Reconciliation Standards

4. 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.

Required Qualifications:

• Bachelor's degree in Accountancy
• Familiar with SAP
• Good oral and written communication skills
• Strong analytical, teamwork and customer engagement skills
• Must have the propensity to work in a proactive, results-oriented, and customer-focused environment.
• Enjoys working with people of diverse cultural background

Preferred Qualifications:

• Strong SAP background, familiar w/ MM module but not required
• Familiar with automation tools (Power pivot, Power query, Power BI, etc.)

Working with us:   

There are two Chevron companies operating in the Philippines: Chevron Holdings Incorporated (CHI) and Chevron Philippines Incorporated (CPI).  

CHI is a shared services center providing transactional, processing, and consulting services in the areas of finance and accounting, information technology, supply chain management, human resources, downstream customer service and marketing. 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 recognitions 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 markets 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 company 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 in 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 workplace. 

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:  

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Chevron participates in E-Verify in certain locations as required by law.

Makati City, Metro Manila

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