Principal Technical Accounting, Derivatives and Trading

At MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

• Leads technical accounting on all derivative items, including technical accounting research, preparation of technical memos, determination of financial reporting and disclosure impacts, and internal management reporting.
• Works with Derivatives accounting, SOX, Trading, Strategy and Derivative organizations to understand all new derivative trading activity and develop new processes and controls to ensure accurate accounting and reporting of derivative activity.
• Responsible for assessing impact and implementing any newly issued accounting pronouncements relating to derivatives.

• Leads all learning and development initiatives related to derivative accounting under ASC 815, leveraging deep technical knowledge to develop and lead training programs, as necessary, for both Controllership and other organizations across the Company.
• Counsels and advises internal partners on consistent and appropriate application of financial accounting policies and procedures related to derivatives and trading activity.
• Provides accounting advice and summarized management reporting to leadership to assist them in understanding and assessing derivative impacts on the Company
• Leads cross-functional projects related to derivative accounting initiatives.
• May assist management with team oversight and review work of others. Trains, mentors, and assists in providing direction to other team members.
• Formulates and evaluates accounting processes to ensure proper control, adherence to GAAP requirements, and compliance with Sarbanes-Oxley.
• Ensures the integrity of financial transactions with both internal and external stakeholders.
• Support accounting processes by leading and providing guidance in the management and prioritization of business requirements, system enhancements, and/or accounting standards.
• Ensure standard business processes are followed across multiple accounting functions.
• Ensures successful completion of internal and external audits.
• Ensure proper execution of controls and performance, documentation, and retention in accordance with accounting policy.

▪ Bachelor’s degree in accounting
▪ CPA required ▪ 10 years of experience preferred
 

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Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship  or any other status protected by applicable federal, state, or local laws.  If you would like more information about your EEO rights as an applicant, click here.
If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [email protected]. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.
Equal Opportunity Employer: Veteran / Disability

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.