Senior Technical Accountant at PBF Energy

Parsippany-Troy Hills, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, Oil & GasIndustries

Requirements

Bachelor’s degree in accounting or finance required
3+ years of Public Accounting or 4+ years of relevant accounting experience required
CPA preferred
Experience in SEC reporting or public accounting required
Strong understanding of U.S. GAAP and SEC financial reporting requirements
Excellent written and verbal communication skills
Experience with XBRL tagging a plus
Experience with SAP, BPC, or SRA a plus
Experience in MLPs, oil refining, energy, or manufacturing industries a plus

Responsibilities

Research and analyze complex technical accounting and financial reporting issues; prepare and present conclusions to management and auditors
Support implementation and maintenance of corporate accounting policies in accordance with evolving GAAP and SEC requirements
Evaluate commercial contracts for derivative and hedge accounting treatment, including documentation of hedge elections and NPNS (normal purchase normal sale) designations
Stay current on new and proposed accounting pronouncements and assess their impact on the organization
Assist with preparation and review of SEC filings, including 10-Ks, 10-Qs, and 8-Ks
Collaborate with business units and corporate teams to support month-end close and reporting cycles
Support external auditors by providing documentation and explanations of accounting positions
Participate in debt compliance activities and support ad-hoc transactions, projects, or other duties as assigned

Skills

US GAAP

SEC Regulations

Technical Accounting

Hedge Accounting

Derivative Accounting

SEC Filings

Financial Reporting

Month-End Close

External Audit Support

PBF Energy

Operates oil refineries and processes crude oil

About PBF Energy

PBF Energy operates six oil refineries across the United States, processing over 1,000,000 barrels of crude oil daily. The company specializes in refining various types of crude oil into products like gasoline, diesel, and jet fuel, utilizing sophisticated facilities with a high Nelson Complexity Index. PBF Energy distinguishes itself from competitors by maximizing the yield of high-value products and maintaining a strong logistics network for crude oil shipments. The company's goal is to optimize its refining operations and manage its financial health while serving a diverse client base.

None, New JerseyHeadquarters

2008Year Founded

IPOCompany Stage

Energy, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Risks

Increasing competition from renewable energy sources may impact PBF Energy's market share.

Volatility in crude oil prices can significantly affect PBF Energy's profit margins.

Stringent environmental regulations could lead to increased compliance costs for PBF Energy.

Differentiation

PBF Energy operates six strategically located refineries across the United States.

The company's refineries have a high Nelson Complexity Index of 12.8.

PBF Energy specializes in processing various types of crude oil, including sour and sweet.

Upsides

PBF Energy's joint venture in sustainable fuels aligns with growing renewable diesel demand.

Increased crude oil prices could improve PBF Energy's profit margins.

Digital transformation trends could enhance PBF Energy's operational efficiency.

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