Our global energy client is seeking a qualified General Accounting Senior to join their team in Central Houston on a 1-year contract. Possible to go permanent. Monday thru Thursday in office- work from home on Friday.
- **The most important thing for the candidate is commodity mark-to-market (MTM) accounting experience, preferably in natural gas, although experience with other commodities is acceptable. We are looking for an accountant who can book journal entries, has understanding of MTM data, and can analyze and interpret the accounting impacts.
The experience in Risk or Middle Office is valuable, but the candidate must have an accounting background and be capable of performing accounting functions, not solely risk PnL analysis; candidates who have analyzed MTM data and reported results without recording accounting entries, will not meet needs.
Job function Description
Performs general accounting activities, including the preparation, maintenance and reconciliation of ledger accounts and financial statements such as balance sheets, profit-and-loss statements and capital expenditure schedules.
Prepares, records, analyzes and reports accounting transactions and ensures the integrity of accounting records for completeness, accuracy and compliance with accepted accounting policies and principles. Provides financial support, including forecasting, budgeting and analyzing variations from budget. Analyzes and prepares statutory accounts, financial statements and reports.
Conducts or assists in the documentation of accounting projects.
Primary Purpose
Executes complex reconciliations and reporting tasks, ensuring compliance with accounting standards. Provides insights through analysis that support operational improvements and financial integrity.
Responsibilities
- Carefully reviews and compares complex financial records, identifies issues, and applies effective solutions to resolve them.
- Develops and evaluates long-term financial plans, forecasts, and budgets, offering thoughtful suggestions to support decision-making.
- Prepares and shares detailed financial reports and summaries, helping leaders understand key financial information.
- Works closely with both internal teams and outside reviewers to make sure all financial practices follow company rules, professional standards, and legal guidelines.
- Ensures that all departments follow consistent procedures for processing and labeling expenses, keeping financial records accurate and organized.
- Supports the accounting and reporting for commodity transactions and derivative instruments, including analysis of contractual terms, valuation support, settlement activity, mark-to-market accounting, hedge-related impacts, and related financial statement disclosures.
- Prepares and reviews journal entries, account reconciliations, and month-end close activities related to trading and commodity operations
- Contributes to the preparation of financial reports and supporting schedules for internal and external reporting purposes. Contributes to the accounting/analysis of physical and financial transactions, providing visibility into how business activities translate into financial performance.
- Supports audit activities by preparing documentation and responding to auditor request
Knowledge, skills and abilities
- Financial Accounting - The process of recording, summarizing and reporting a company's business transactions through financial statements.
- General Ledger Administration - The record-keeping system for a company's financial data, with debit and credit account records validated by a trial balance.
- Financial Regulatory Reporting - Financial reporting is a standard accounting practice that uses financial statements to disclose a company's financial information and performance over a particular period, usually on an annual or quarterly basis.
- Data Analysis - Measuring and managing organization data, identifying methodological best practices and conducting statistical analyses.
- Regulatory Compliance - Ensuring an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes.
- Account Reconciliations - Comparing sets of financial records to ensure accuracy and prevent balance sheet errors.
- Financial Analysis - Analyzes the financial statements and data to provide insights about the financial performance and position of the organization over time.
- Document Management - Creating, distributing, using, maintaining and disposition of recorded information maintained as evidence of business activities and transactions.
- Accounting Standards - Apply financial reporting framework prescribed by the relevant governing body to ensure all transactions meet regulatory requirements.
- Financial Forecasting - The ability to prepare and present financial statements and reports, such as monthly financial statements and work-in-progress reports, to stakeholders.
- Commodity Accounting: understanding of accounting for commodity purchase, sale, transportation, storage, and trading related transactions
- Experience with energy trading and risk management (ETRM) systems, such as Endur/Openlink
- Derivative Accounting: knowledge of accounting for derivative instruments, including recognition, measurement, valuation
- considerations, settlement accounting, financial statement presentation, and disclosure requirements
Experience
4-year degree in a relevant field, or equivalent combination or 5 years of related experience.
