Treasury Intern (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
Internship position will participate in the Treasury Rotation Intern Program ("TRIP"). TRIP program participants may rotate roles within four unique rotational tracks: (1) Corporate Finance and Investor Relations, (2) Insurance, (3) Cash Operations and (4) Credit Management. Responsibilities will vary dependent on rotational assignment and will be assigned during each rotation (see job duties below). TRIP program provides interns the opportunity to develop valuable skills in respective field of study across multiple areas of Treasury while providing networking opportunities with professionals throughout the organization.
Minimum Qualifications
Specialized knowledge, skills, abilities, and experience required (this will be included on the job posting):
- Must be at least a Junior status in college (completion of sophomore year) prior to start of internship.
- Overall GPA of 3.0 or above in Finance courses.
- Preferred to be enrolled in a Finance or Economics, Bachelor or Graduate degree program
- Strong written and oral communication skills
• Is highly motivated and has a passion to succeed.
• Has desire to work in Oil & Gas industry.
• A confident, ambitious outlook and the ability to work effectively under pressure.
• A willingness to cooperate collaboratively and to work independently on your own initiative. Ability to coordinate and handle tasks within a broader project.
• Knowledge of corporate finance principles including ability to perform balance sheet analysis, income statement analysis, cash flow statement analysis, capital structure analysis.
• Familiarity in use of common financial tools (ROIC, NPV, IRR, etc.) and basic accounting principles.
• Has excellent written and verbal communication skills, with specific ability to present financial information in an organized and concise manner.
Job Duties
1. Corporate Finance & Investor Relations - Assist Treasury personnel with corporate debt analysis, capital structure, and financing related materials, development of earnings call materials, investor Q&A items, financial modeling and other requested analysis. Assist with Board of Director slides as needed.
2. Insurance - Assist in the annual renewal process where needed, analyze the insurance markets, risks, trends, and regulations. Assist with the processing of insurance claims and collation of information used in insurance reserve and coverage assessments. Support management with activities related to our insurance programs and coverage, insurance reporting, economic evaluations, collaboration with insurance brokers and other supporting activities.
3. Cash Operations - Assist in the execution, analysis, and optimization of daily liquidity management and working capital needs. Assist in the preparation and compilation of daily cash positioning, payment processing, investment management, daily cash forecasting and reporting processes. Assist with Board of Director and CEO monthly accountability meeting slides as needed.
4. Credit Management - Assist in financial evaluations and credit reviews of domestic and international companies, Aide with managing liquidity and trade credit to support business needs. Analysis of various metrics, improve dashboard reporting and assist in collection reporting, monitoring of accounts receivables and aging. Assist in the preparation in Ad Hoc credit analysis, as needed.
5. Special Projects - Assist in special projects or other duties assigned by Chief Financial Officer, Treasurer or Assistant Treasurers.
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 - 1122
