Accounting Intern – Financial Closing Support

Job Description

Accounting Intern-NON-REG | CITGO

The Tone:
This is a full-time internship at CITGO, with remote work options available for eligible positions. CITGO Petroleum Corporation is a recognized leader in the refining industry, operating under its well-known brand. The company owns and operates three refineries in Lake Charles, LA; Lemont, IL; and Corpus Christi, TX, along with 43 active terminals, nine pipelines, and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of about 829,000 barrels-per-day, CITGO is positioned as one of the top-branded supplier companies in the industry, valuing its people as its most important resource with core values of Safety, Integrity, Respect, Accountability, and Care. This Accounting Intern role directly assists the Controller’s group in critical month-end and quarter-end closing processes, contributing to ensuring that all financial transactions are accurately recorded according to generally accepted accounting principles. The intern will play a key part in supporting daily accounting tasks of varying complexity and undertaking special projects to enhance financial operations within the company.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: Remote options available
• Team: Controller’s group
• Mission: Ensure financial transactions are accurately recorded according to generally accepted accounting principles by assisting with month-end and quarter-end closing processes.

What You’ll Actually Do
• Financial Reporting & Analysis: Support the Controller’s group in executing month-end and quarter-end closing processes, including preparing and analyzing financial results, comparing current period outcomes to prior periods or budget forecasts, and identifying the factors that impact these results.
• Performance Insight Generation: Undertake the preparation of price/volume or gross margin analyses. Additionally, compile essential financial information and reports for distribution to both internal stakeholders and external users, providing further analytical insights as required.
• GAAP Transaction Verification: Assist the Controller’s group in managing daily accounting tasks and transactions, which can range from simple to moderately complex. This involves evaluating transactions within assigned areas to ensure their precise recording in accordance with generally accepted accounting principles (GAAP) and proposing necessary modifications.
• Ad-Hoc Project Execution: Conduct various analyses and procedures as specifically requested by management. Present the results of these efforts along with actionable recommendations for potential improvements to internal processes or outcomes.
• General Accounting Support: Perform other diverse accounting duties as assigned to support the broader operational needs and objectives of the Controller’s group, contributing to overall departmental efficiency.

The Must-Haves
• Background: Enrolled in a Bachelor’s or Graduate degree program in Accounting, Finance, or a related business field.
• Experience: Completed freshman year of college, including coursework in Beginning and Intermediate Accounting, with an overall GPA of 3.0 or higher in Accounting/Finance courses.
• Skills: Possess basic computer proficiency and demonstrated strong written and oral communication abilities.