Phillips 66 Jobs/Careers

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Job Information

Phillips 66 Investment Recovery Specialist in Bartlesville, Oklahoma

Phillips 66 & YOU - Together we can fuel the future

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. 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, create an environment of trust, seek different perspectives and achieve excellence. Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2021.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow by visiting

The Investment Recovery Specialist coordinates with internal company clients to sell or otherwise dispose of scrap and surplus materials. The Investment Recovery Specialist will request and compare quotes from potential buyers, assemble sales agreements with the successful buyer(s), and will track all sales for reporting purposes. Additionally, the role is responsible for providing support to the BU/sites in managing and optimizing inventory assets to attain best in class materials management.

Responsibilities May Include:

  • Provides investment recovery, analysis to the BU/sites regarding scrap or surplus material.

  • Establishes measures for key performance metrics to ensure that success can be measured and appropriate courses of action/changes are made to achieve best in class performance.

  • Provides backup/support of Materials Management job responsibilities.

  • Coordinates Management of Change activities for Materials Management initiatives.

  • Supports and contributes to the Procurement agenda by applying advanced investment recovery analysis and techniques.

  • Routinely communicates openly and with integrity with business stakeholders to align direction between Procurement and the BU/site strategy.

  • Networks and develops working relationships with a variety of stakeholders across Procurement teams and business groups.

  • Ensures Investment Recovery success through active leadership, participation and contribution.

  • Maintains and strengthens effective relationships and communication avenues with the BU/sites.

  • Maintains current knowledge of applicable investment recovery opportunities to optimize value recovered to BU/sites.

  • Actively influences key business stakeholders regarding results of investment recovery.

  • Complies with relevant standards and policies and minimizes risk and cost exposure.

  • Performs investment recovery analysis to identify opportunities such as material sales, surplus usage, scrapping opportunities…etc.

  • Interacts with internal customers regarding development of strategies.

  • Interacts with external scrap/surplus partner regarding development of strategies.

  • Identifies potential buyers, solicits, and compares quotes, selects the buyers, and documents the private sales utilizing standard Sales Agreements.

  • Partners with external partner to market the sale of P66 assets when private buyers cannot be identified.

  • Recommend opportunities due to obsolescence or surplus, utilizing investment recovery options

  • Prepares Investment Recovery reports monthly or on request, using various databases, systems, and reporting tools

  • Creatively prepares charts and analyses supporting Investment Recovery performance metrics.

  • Assists in annual inventory reduction goals and driving BU toward goal achievement.

  • Leads decision making processes for Investment Recovery.

  • Leads monthly development and review of investment recovery metrics to monitor performance of the Materials Management function.

  • Leads global SAP enhancement requests for the Investment Recovery function.

  • Visits BU/sites as required to ensure high support service levels and to identify improvement opportunities and/or best practices.

  • Assists BU/sites in capturing and reporting savings/value contributions.

  • Provides continuous education, communication and support to the BU/sites in accomplishing best in class knowledge sharing and development opportunities.

  • Drives for continuous improvement in the IR process to maximize efficiency and revenue, while maintaining high levels of customer engagement and satisfaction.

  • Coordinates Investment Recovery Program and effectively manages corporate IR service companies.

Required Qualifications:

  • 3-5 years of relevant experience in investment recovery and materials management.

  • High School Diploma or GED

  • Strong understanding of investment recovery concepts and methods.

  • Analytical approach to problem solving with an ability to resolve tough problems that arise on a daily basis.

  • Strong communication skills (verbal and written) with the ability to present ideas in an organized manner.

  • Proven track record of achieving objectives through effective collaboration and alignment. Strong interpersonal skills with the ability to "influence without authority" across multiple disciplines.

  • Proven self-motivator who sets clear direction and priorities.

  • Ability to foster effective teamwork and collaboration.

  • Strong project management skills with the ability to handle multiple activities and changing priorities and arrive at planned outcomes.

  • Flexible and creative approach with willingness to embrace change.

  • Ability to learn and adapt quickly.

  • Passion for continuous improvement.

  • Ability to manage organization and behavioral change.

  • Ability to develop internal networks.

  • Ability to develop external networks.

  • Demonstrated understanding of financial impact and treatment of inventory for operational and capital projects.

Preferred Qualifications:

  • Bachelor’s degree

  • 3 years of experience with SAP MM module.

  • 3 years of inventory management experience in the oil & gas industry.

  • Proficient computer skills with experience in formulating reports and extracting data from various computer programs including SAP, IBM MRO, and Microsoft Excel.

  • Working knowledge of SAP MM and investment recovery tools and systems (i.e., IBM MRO, Asset Zones).

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, with an additional 0-4% Company 401k contribution based on the Company’s financial performance

  • 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 at

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 09/26/2023 .

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 EEO and Affirmative Action Employer of Women/Minorities/Veterans/Individuals with Disabilities

Requisition ID: 58196

Location: Oklahoma - Bartlesville

Job Field: Procurement

Division : Procurement

Technical Req : No