Advisor II, Regulatory Reporting (Advisor II, Third Party Crude)

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.

What You'll Do

• 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.

What You'll Bring - Required

• 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 as needed to support the business, no more than 5%
• 2 or more years of accounting experience
• Experience supporting internal and external audits, internal controls, SOX activities, and compliance reviews
• Experience working with outsourced operations or serving in a lead role, including reviewing deliverables, resolving exceptions, validating data, and coordinating process improvements
• Intermediate proficiency in Microsoft Suites (Word, Excel, Outlook, and PowerPoint)

What Makes You Stand Out - Preferred

• 2 or more years of experience in SAP FI and MM
• Knowledge of SAP and BlackLine, or similar accounting system
• Knowledge of Crude Oil First Purchaser processes including regulatory, run tickets, purchaser statements, ownership and revenue distribution
• Understanding of production reporting, volume reconciliation, variance analysis, and related decision support
• Experience with regulatory reporting and compliance related to crude oil purchasing, severance taxes, royalties, withholding, and federal or state reporting
• Experience developing procedures, work instructions, reporting tools, or compliance dashboards
• Experience in managing outsourced operations
• Strong understanding of accounting principles, financial controls, and data reconciliation
• Strong analytical and problem-solving skills, including the ability to research variances, identify root causes, and recommend solutions
• Ability to support production variance reporting and provide data-driven advisement
• Strong written and verbal communication skills for effective coordination with external providers, regulatory agencies, and internal teams
• Ability to work independently, manage competing priorities, and thrive in a self-directed position
• Demonstrated attention to detail and ability to meet recurring reporting and compliance deadlines
• Ability to interpret requirements and translate them into practical procedures, controls, and business recommendations

Compensation Range

This position has a base salary range of $108,900 - $133,100.

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 candidates 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.

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being - physical, emotional, social, and financial - is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results - personally and professionally. 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 annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

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.

Learn more about Phillips 66 and how we are working to meet the worlds energy needs today and tomorrow, by visiting phillips66.com.

To be considered

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 10/14/2026.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.

Phillips 66 is an Equal Opportunity Employer