Advisor II, Product Control

About the role

As the Advisor II, Product Control, you’ll independently execute daily and monthly product control activities for assigned books or portfolios while strengthening the quality, accuracy, and transparency of P&L and risk reporting. This role is best suited for someone who can manage routine and moderately complex deliverables, investigate variances with sound judgment, and collaborate effectively across Trading, Front Office, Operations, Risk, FP&A, and Accounting. You’ll apply a solid understanding of commodity valuation, trade lifecycle activity, settlements, and control processes to resolve issues, communicate insights, recommend improvements, and escalate complex exceptions appropriately. You’ll also serve as a knowledgeable resource to less experienced team members and contribute to initiatives that improve reporting quality and control effectiveness.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, cultivate an environment of trust, seek different perspectives and pursue excellence.

Responsibilities

• Prepare timely and accurate exposure and profit and loss reporting for assigned books or portfolios with increasing independence and accountability.
• Perform daily and monthly product control activities, including P&L explained, value at risk, and drawdown analysis; investigate material and moderately complex variances.
• Interpret position, exposure, and valuation data; challenge assumptions and identify issues affecting trade capture, valuation, settlements, or reporting accuracy.
• Partner with Trading or Front Office, Operations, Risk, FP&A, and Accounting to investigate and resolve issues and align reporting outcomes.
• Support month-end close and mark-to-market to GAAP processes for assigned areas, including the preparation of appropriate control support and audit evidence.
• Apply working knowledge of commodity valuation concepts and trade lifecycle activity to explain results, identify trends, and escalate complex valuation or methodology questions.
• Contribute to process improvements that increase efficiency, control effectiveness, reporting clarity, or stakeholder transparency; lead smaller improvements as appropriate.
• Share technical knowledge, provide informal guidance to less experienced analysts, and contribute to team capability development.
• Continue professional development while building broader commercial, systems, and cross-functional knowledge.

Requirements

• Legally authorized to work in the United States
• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Math, or a related field
• 3 or more years of experience in product control, middle office, finance, accounting, or a related field
• Advanced proficiency in Microsoft Excel
• Intermediate proficiency in PowerBI
• Strong quantitative, critical reasoning, and problem-solving skills, including the ability to investigate variances, challenge assumptions, and work through moderately complex issues with limited oversight
• Strong attention to detail and communication skills, with the ability to explain financial and risk information clearly to technical and nontechnical stakeholders

Skills

• Experience in a market risk or energy commodity trading environment, especially in Renewables
• Experience with ETRM platforms such as Openlink, Endur, Allegro, or SAP
• Working knowledge of ETRM systems, trade lifecycle activity, settlements, and accounting
• Rightangle, Openlink
• Understanding of commodity valuation concepts such as basis, location spreads, and storage
• Basic to intermediate SQL, VBA, or