Inventory Finance Manager

At Parkland, our purpose is to Power Journeys & Energize Communities. We are a prominent independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. As One Parkland team, we proudly serve diverse retail, commercial and wholesale customers across Canada, the United States, the Caribbean region, and South America. We power a growing family of locally known brands including M&M Food Market, Fas Gas Plus, Pioneer, RaceTrac, Superpumper, Ultramar, Chevron, Esso, and ON the RUN.

We recognize that diversity gives us an edge and inclusion propels us forward. We're also a passionate team of down-to-earth achievers, committed to getting our customers, colleagues and communities further, faster. As such, we welcome talented individuals that have a variety of perspectives, backgrounds, and industry experience who will contribute to the success of our One Parkland team.

Position Title: Inventory Finance Manager

Team and Location: Finance - Calgary, AB

Salary: $115,000 per year

Position Summary:

The Finance Manager, PRBC Inventory, is responsible for leading a team of 5-7 individuals which covers the areas of Refinery Sales, Refinery Purchases, Production Accounting, and Terminal Inventory. The financial reporting of the PRBC Inventory & Production, including validating various product results to ensure accurate information and providing accurate and timely information to internal and external stakeholders. The Finance Manager will be a proactive business partner for the division, driving value-added financial analysis and providing insight and recommendations to support the divisional operational leadership teams. This role will also play an essential role in Parkland's continuous improvement journey and support the ongoing development of process improvements, system enhancements, improved analytics and automation.

Key Responsibilities:

Leadership

• Motivates and leads a team with various levels of experience
• Develops team goals and objectives
• Develops KPI's to measure team performance and set targets for continuous improvement
• Supports the team through process and technology changes
• Liaise with key members of the Business Unit including Front and Mid-Office, Logistics, and Finance
• leads a team of 5 inventory analysts and 2 crude volume analyst that oversee the processing of all product purchase, sale and production accounting transactions for the Burnaby Refinery, and inventory reconciliations at the PRBC terminals and Vancouver airport.

Financial Reporting

• Financial division lead; first point of contact for the Marketers, Operations, Logistics, Business Development and Risk
• Develop relationships with internal stakeholders to understand and stay up-to-date on business activities, trading strategies and issues, and maintain awareness of industry practices/changes in compliance requirements
• Lead the division level trading and supply financial reporting by ensuring the product P&L's are accurate, complete and in compliance with IFRS and Parkland's accounting policies
• Develop analysis and reporting to validate costs/revenues/volumes, profitability review and investigation, inventory analysis and reconciliations, NRV calculations, reconciliation to marketer expectations, month end accruals, account reconciliations, and general business support
• Support the annual budget and monthly forecasting process
• Work with Operations and Business Development on special projects, including the integration of acquisitions
• Develop accounting policies and processes to support new business initiatives

Analytics & Analysis

• Build effective monthly management reporting with a focus on understanding business drivers behind the numbers, developing and tracking key metrics and providing valuable insight
• Work collaboratively with operations to understand their financial and operational information needs to design enhanced reporting and analysis that supports their decision-making requirements to better manage the business
• Prepare commentary and presentation material for management review meetings
• Develop financial models, charts, graphs or summaries to identify trends, support new business initiatives and provide decision making support
• Responsible for understanding deal structures and market pricing and explaining the financial impacts in accounting terms
• Responsible for reviewing and understanding mark-to-market and exposure and how it relates to the division's portfolio and expected results
• Analyze hedging strategies and their effectiveness
• Act as the finance subject matter expert for Allegro enhancements

Processes and systems

• Ensures process documentation is accurate and up-to-date
• Conduct workflow review, process redesign/reengineering, and deliver solutions for effective and efficient financial transaction processing and reporting
• Functional lead or SME for various business and system projects
• Works collaboratively with cross-functional teams to manage organizational change initiatives
• Build data driven analytics
• Be an ambassador for change and new ways of working
• Manage and monitor the monthly statement of accounts under the CARM portal, and ensure all due balances of GST & duties are paid to CBSA on time.
• Reviews and provides pricing approval for all PRBC product purchase invoices and sales orders to ensure accuracy and reasonableness.

Qualifications and Skills:

• Minimum 5 - 10 years' supervisory experience
• Minimum 5 years' oil and gas experience in finance, accounting, settlements, trading or marketing
• Overall understanding of oil and gas marketing business and related technical accounting experience is preferred
• Post-secondary degree in Accounting or Finance
• CPA or similar designation required
• Excellent written and oral communication skills
• Ability to manage multiple tasks, pivot between competing priorities, and work within tight deadlines
• Detail oriented with exceptional problem solving, organizational and prioritization skills
• Proven ability to develop positive working relationships and collaborate effectively with stakeholders and key business contacts
• Self-starter with the ability to take initiative, review processes with a critical eye and implement improvements
• Customer service oriented with the ability to deal with internal and external customers in a professional manner even under stressful situations
• Experience with Allegro, JDE, Great Plains or Oracle would be an asset
• Strong proficiency in Microsoft Office with an advanced level of proficiency with Microsoft Excel
• Must be systems savvy with the ability to quickly learn new systems, troubleshoot issues, and resolve complex problems

We Offer:

• Our Performance-based Annual Incentive Plan, an annual bonus awarding your performance.
• A share in our success through the Employee Share Purchase Plan and 100% company matching.
• A flexible group benefit plan that offers health and dental coverage choices to meet the needs of each unique employee. Inclusive of life and disability insurances, Health Care and Lifestyle Spending options, and a supportive Employee and Family Assistance Program.
• Participation in Parkland Pledge, an employee-driven charitable giving program.
• An employee referral program - earn up to $2000 for your referral.
• In-house learning and development opportunities, leadership training, international opportunities.
• Discount Programs and Educational Scholarship Programs for family members.
• Save on gas at our participating gas stations across Canada (Chevron, Fas Gas, Ultramar, and Pioneer).
• A safety focused work environment and ongoing safety training.

Please note:

• Candidates must be legally able to work in Canada at this time. Parkland regrets that it is unable to sponsor employment Visas.
• Parkland Corporation is committed to the principles of Employment Equity. We strive to provide accessibility in employment to ensure equal access to employment opportunities for candidates, including persons with disabilities. Parkland Corporation will endeavour to provide accommodation to persons with disabilities in the recruitment process upon request. If you are selected for an interview and you require accommodation due to a disability, please notify us upon scheduling your interview.
• Please note that final candidates for this position will be required to undergo a confidential pre-employment background check which may include but not be limited to educational, criminal, credit, drug and alcohol and/or Fitness for Duty testing.

This position will close on March 27, 2024 or when a successful candidate is found.
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