Region Pricing Manager (Finance)
CITGO PETROLEUM CORPORATION
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
- Manage the daily CITGO posted rack pricing activities for a given region
- Analyze competitive conditions by product and terminal and present recommendations to management
- Manage Market Related Pricing Agreements
- Evaluate pricing decisions, impact on sales and profit margins.
- Communicate with Sales, Supply, Terminals, Customer Service and Business Analysis departments to maintain coordination of efforts. Interact with our sales force and marketers to provide and receive relevant pricing and supply information.
- Direct the efforts of the After Hours Allocation Hotline with respect to a given region/terminals
- Consult with Sales and Supply to assist in establishing demand planning forecasts and allocations in line with product inventories and sales projections, consistent with pricing strategies, to maximize long term profitability
- Region Pricing Managers may be assigned various duties within the Pricing Department such as management of the DTN TABS allocation system, pricing for Branded Gasoline, pricing for Unbranded Gasoline and Distillates, Pricing Analytics or MRP Management.
- Required to provide 24/7 support when not on vacation
Minimum Qualifications
- Prefer: High Level expertise in SAP, Power BI, Excel and BI/BW
- The minimum number of years of job related experience required by this job is: 5 years with a college degree OR 10 years of experience without a college degree.
Job Duties
1. Perform price decisions, based on price analysis, trends and market conditions. Price analysis includes, but is not limited to analysis of sales trends, inventory conditions (both CITGO and competitive) (macro and micro), competitive pricing trends, competitive responses to changing condition, and marketer responses to changing conditions. Analysis also includes interpretation of unsolicited market intelligence from marketers, salesmen, terminal managers, and supply schedulers; in addition to identification of abnormal market conditions that require the solicitation of market intelligence and rational interpretation.
2. Daily communication and negotiations with marketers, sales personnel and other departments to support/explain pricing decisions or allocation decisions that have conflicting consequences to the negotiating party's best interest.
3. Analyze and develop the historical pricing data in support of the annual IMP process. This economics evaluation is critical in the decisions for branding new business or purchases of assets to support marketing. Perform special request studies and analyses as needed from management, sales, terminals, and marketers. Special requests must be completed timely and accurately.
4. Manage product sales allocation strategies during market disruptions to minimize the impact of outages given the business trends, pricing trends, seasonal trends, legal requirements and new business expectations. Strive for continuous improvement in the department's Business Continuity Plan.
5. Collaborate with all Supply and Marketing areas to assure prices, costs and product allocation are set and maintained accurately. Coordinate with assigned back-up and After Hours Allocation Hotline (Tconsole) to ensure quick and timely customer service is maintained in your respective region/terminals
6. Manage Market Related Pricing Agreements (MRP) and Forward Price agreements by maintaining pricing records, evaluation performance criteria and developing recommendations. These agreements might include MRPs varying from "lower of" type agreements to quarterly adders, rack forward price or bulk forward price. Utilize IT resources, as available, to automate as much as possible
7. Consult with Sales and Supply in establishing the demand planning forecast for terminals in the region. Regularly review ZVALLOC file ahead of day 1 of each month to make appropriate adjustments to support normal business.
Job Duties II
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Here are the incentives we offer:
• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
Requisition ID - 1329
