Manager of Derivative and Technical Accounting

Korn Ferry has partnered with our client on their search for a Manager of Derivative and Technical Accounting.

Company Overview:

• Our client is a large, well established U.S. refining and energy supply organization with multiple refineries, terminals, pipelines, and related infrastructure assets across the United States
• Headquartered in Houston, TX, the company operates a significant crude refining footprint and employs several thousand professionals across refining, supply and trading, commercial, and corporate functions
• The organization is known for its strong operational discipline, long term stability, and commitment to values such as safety, integrity, accountability, and collaboration
• The company continues to invest in modern technology platforms, including enterprise ETRM systems, to enhance data driven decision making, risk management, and financial analytics across the business

Role Summary:

• Title: Manager, Derivatives & Technical Accounting
• Department: Accounting – Derivatives & Technical Accounting
• Reports to: Global Controller / Assistant Controller
• Team Scope: Lead and oversee the Derivatives & Technical Accounting team (1 Senior Analyst and 2 Analysts) while serving as the Company’s primary technical accounting expert
• Primary Focus: Oversight of derivative accounting, complex technical accounting matters, financial reporting compliance, and cross-functional partnership with Trading, Risk, FP&A, and executive leadership

Key Responsibilities:

• Provide leadership and direct supervision over the Derivatives & Technical Accounting department, including review of journal entries, internal controls, and quarterly disclosures
• Serve as the primary technical accounting resource for the Company, leading research, documentation, and implementation of new accounting standards and critical policies
• Assess and oversee accounting for commodity derivatives and complex trading transactions
• Review quarterly and annual financial statements and GAAP disclosure checklists to ensure compliance
• Prepare and present technical accounting position papers to senior leadership, including the CAO and CFO
• Partner closely with Trading, Risk, FP&A, and Finance teams to ensure accurate identification and reporting of derivative and other complex transactions
• Act as key liaison with external auditors to resolve accounting matters and maintain compliance
• Support the Assistant Controller and broader accounting leadership on financial reporting, intercompany transactions, and consolidations
• Lead staff development, mentoring, and departmental process improvements

Ideal Candidate Profile:

• Bachelor’s degree in Accounting, Finance, or related field
• Active Certified Public Accountant (CPA) required
• 8 years of professional experience with prior senior management experience
• Big 4 or national public accounting firm experience at the Manager or Senior Manager level STRONGLY preferred
• Strong understanding of commodity derivatives and technical accounting
• Proven ability to research and document complex accounting topics and transactions
• Previous supervisory experience required
• Strong executive-level communication skills and ability to present technical matters clearly
• Growth-oriented mindset with interest in progressing into an Assistant Controller path

Compensation & Benefits:

• Target base compensation range of $150K–$165K 20% bonus target (flexible based on experience)
• Comprehensive benefits package including:
• Competitive 401(k) with company match and pension plan
• Paid vacation, sick leave, and annual vacation incentive
• 9/80 work schedule with every other Friday off and one work-from-home day per week
• On-site amenities including gym, covered parking, cafeteria, health clinic, and credit union
• Tuition assistance, dependent scholarships, employee discounts, and leadership development programs

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