Advisor II, Regulatory Reporting; Advisor II, Third Party Crude
Listed on 2026-10-18
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Finance & Banking
Financial Compliance, Financial Reporting
Phillips 66 & YOU - Together we can fuel the future
As Advisor II, Regulatory Reporting (Advisor, Third Party Crude), you will be at the heart of our business operations, helping to ensure our financial integrity and supporting key decisions that drive our company forward. This role offers the opportunity to work alongside talented professionals, learn from diverse perspectives, and contribute to a culture built on trust, collaboration, and continuous improvement. The Regulatory Reporting Advisor plays a critical oversight role in overseeing the production and regulatory functions handled by a managed service provider (MSP) ensuring accurate and timely regulatory filings for state, federal and tribal agencies.
This position is responsible for ensuring data integrity, compliance with state, federal and tribal regulations, and effective coordination between internal teams, the MSP and operators. This position also partners with the production and revenue advisor to support production variance reporting, data validation, trend analysis and general business decision making.
- Deliver accurate financial outcomes by compiling, consolidating, and analyzing financial data within established systems.
- Manage core accounting functions, including preparing journal entries, reconciling accounts, and supporting monthly close activities.
- Assist with internal and external audits, ensuring compliance with company policies and regulatory standards while maintaining data integrity.
- Partner with business units and teams to provide clear insights and timely information that support decision-making and operational excellence.
- Develop your capabilities through ongoing training and collaboration, staying current with industry best practices and digital tools.
- Communicate effectively with colleagues and stakeholders, resolve queries, and contribute to a culture of trust and continuous improvement.
- Monitor federal, state and tribal regulations affecting First Purchaser crude oil operations.
- Provide support in the preparation of regulatory reports, ensuring adherence to state, federal and tribal requirements. Reports include various state severance tax and royalty submissions, ONRR (federal and tribal) and production reports.
- Monitor regulatory reporting exceptions and ensure timely resolution.
- Provide support in tax rate updates to ensure the system reflects regulatory requirements.
- Ensure compliance with the latest tax laws and regulations.
- Perform monthly and quarterly general ledger reconciliations, monitor general ledger accounts and complete clearings.
- Maintain regulatory calendars, filing procedures, control documentation, and audit support.
- Research regulatory notices, agency inquiries, exceptions, and potential compliance issues.
- Oversee MSP metrics, analyze root causes of issues, and drive remediation strategies to improve process quality and efficiency.
- Advise stakeholders on regulatory impacts, corrective actions, and required documentation.
- Coordinate with regulatory agencies, operators, transporters, and internal business partners.
- Support regulatory audits, SOX activities, internal controls, and remediation plans.
- Develop procedures, training materials, compliance tools, and reporting dashboards.
- Partner with the Production Advisor to review monthly production variance reporting.
- Support the research root causes of variances, identify data-quality issues, and support timely resolution of exceptions.
- Assist the Production Advisor with ad hoc analysis and general business decision-making related to First Purchaser operations.
- Legally authorized to work in the job posting country
- Bachelor's degree or higher in Accounting, Finance, or related field
- Must be willing and able to travel…
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