Advisor III, Midstream FP&A - Ops

Advisor III, Midstream FP&A
- Ops

Location:

Houston, TX, US, 77042

Job Field:
Accounting/Finance

As an Advisor III, Midstream FP&A
- Ops, you will provide Midstream management with financial and operational information/analysis to optimize the business performance and drive continuous improvement. This position offers the opportunity to work closely with senior leaders, providing expert analysis and insights that inform key decisions across the organization. You'll be part of a collaborative team environment where your analytical skills and business acumen will help drive continuous improvement and operational excellence.

• Oversee day-to-day accounting and financial operations for operated joint ventures and undivided interests, ensuring complete and accurate monthly close results and coordinating resolution of identified issues across business partners.
• Prepare monthly financial reporting and variance analysis for JV partners, explaining results against board-approved budgets and prior actual performance.
• Develop monthly cash flow forecasts, including operating expenses and capital spending, determine distributable cash under JV agreements, and coordinate required notifications with Cash Management and Banking teams.
• Monitor compliance with joint venture operating agreements, coordinate corrective actions with business teams, and work with Legal when board consents or other formal approvals are required.
• Prepare and present financial results for board meetings, including board materials covering financial performance, capital projects, and forecast updates in collaboration with Engineering, PMO, and field leadership.
• Lead the annual budgeting process for operated joint ventures and support presentation of budgets for review and approval by JV Boards of Directors.
• Coordinate external and partner audits by preparing schedules, analyses, and supporting documentation needed to complete audit requirements efficiently and accurately.
• Support regulatory, tax, and control-related requirements, including property tax working capital projections, cost analyses for FERC cost-of-service filings, quarterly SOX documentation, and support for Treasury and Tax reporting.
• Perform investment and performance analysis across Midstream joint ventures, including recurring operating reviews, equity earnings variance analysis, impairment assessments, and management reporting for both operated and non-operated assets.
• Identify and implement opportunities to simplify, standardize, and automate JV reporting and analysis processes, while also providing financial support to Corporate Strategy and other cross-functional stakeholders.

• Legally authorized to work in the job posting country
• Bachelor's Degree in accounting, finance, or a related field
• 3 or more years of experience working in economic, financial, or statistical analysis
• Intermediate or greater proficiency working in financial modeling, data analysis, and reporting tools such as SAP, FR&P, and Excel

• Experience working in the Energy industry, specifically Midstream
• Self-starter that can operate independently and in a team environment
• Strong analytical skills with the ability to recognize key issues / problems in the early stages and determine the appropriate course of action

This position has a base salary range of $125,100 – $152,900. At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role's requirements.

Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an…