Rail Cost Analyst at Marathon Petroleum

San Antonio, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Oil & Gas, Transportation, EnergyIndustries

Requirements

Bachelor’s degree in accounting, Business, Data Analytics, or related field required
1-2 years of related experience in Accounting, Data Analytics, or another related experience preferred

Responsibilities

Reconciles invoices by comparing to actual volumes transported, published tariffs and contractual terms
Processes empty freight, diversion, demurrage, switching, and detention invoices
Reviews invoices for accuracy and works with suppliers and rail carriers to resolve/reconcile accounts or create accounting disputes
Ensures all invoices are paid in a timely manner and applied to the accurate accounting buckets
Works with rail carriers to reconcile and apply unapplied funds
Verifies and accepts refunds. Provides refund back up to Accounts Payable for processing
Meets monthly with rail carriers to address any aging invoices. Gathers and provides mileage equalization data for third party review
Utilizes SAP for generating financial reports, invoice approvals and new vendor creation
Ensures documentation adheres to solid accounting practice and/or GAAP requirements
Works with rail operations, refining, and commercial teams to investigate and resolve discrepancies affecting rail-related costs
Conducts rail invoice auditing, rail demurrage auditing and rail detention auditing
Provides ad-hoc financial and operational analyses to internal customers including transportation accounting, crude accounting and product accounting, AP processing, BP&A, supply chain, Titles & Contracts and Lease Accounting
Collects required information and creates monthly scorecard reports for rail operations. Compiles and provides budget data yearly
Provides monthly accrual information for transportation accounting and assist with uploading rail freight rate information into rail transportation systems

Skills

SAP

Invoice Reconciliation

Financial Reporting

Account Auditing

GAAP

Data Analytics

Excel

Accounts Payable

Budgeting

Transportation Accounting

Marathon Petroleum

Refines and markets petroleum products

About Marathon Petroleum

Marathon Petroleum Corporation operates in the energy sector, focusing on refining and marketing petroleum products. They process crude oil into usable products like gasoline, diesel, and jet fuel at the largest refining system in the United States, located in Findlay, Ohio. Their extensive network includes branded retail locations across the country, primarily under the Marathon brand, serving individual consumers and businesses that need bulk fuel supplies. Additionally, they have a midstream subsidiary, MPLX LP, which gathers, processes, and transports crude oil and natural gas, facilitating the supply chain from raw materials to refineries. Marathon Petroleum's integrated business model allows them to control multiple stages of the supply chain, optimizing operations and reducing costs, which enhances profitability. The company's goal is to maintain strategic growth and operational excellence while serving a diverse range of clients efficiently.

Findlay, OhioHeadquarters

1887Year Founded

IPOCompany Stage

EnergyIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Parental Leave

Professional Development Budget

Performance Bonus

Risks

Volatility in crude oil prices can impact MPC's profitability.

Stricter environmental regulations may increase operational costs for MPC.

The rise of electric vehicles could reduce demand for MPC's gasoline products.

Differentiation

MPC operates the largest refining system in the United States.

The company has a strong integrated business model from refining to retail.

MPC's midstream operations through MPLX LP enhance its supply chain control.

Upsides

MPC's focus on operational excellence ensures competitive advantage and profitability.

Recognition for energy efficiency by the EPA highlights MPC's commitment to sustainability.

MPC's extensive retail network strengthens its market presence and customer reach.

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