Product Control - Executive


Company:: Macquarie
Location:: Houston, TX
Job Type:: Full Time
Category:: Sales & Trading

Yrs of Exp:: 1 to 2 years
Posted:: 2/12/2013

Related Jobs

APPLY NOW

Job Description

Macquarie Energy LLC is an energy trading and marketing company based in Houston servicing North America's largest natural gas and electricity producers, utilities, industrial users, and other large wholesale energy sector participants. Macquarie Energy specializes in providing natural gas and electricity supply, storage and transportation services, hedging solutions and structured transactions for customers.

Energy Markets Finance is responsible for the product control, finance and accounting support for the global energy division.

PURPOSE OF ROLE

As Macquarie Energy continues to grow, the Group seeks a talented individual to join the Product Control team in Houston. This position will work extensively with other members of the broader global FICC Finance team, as well as work directly with other various trading support functions.

This role will be a key participant in expanding the capabilities and responsibilities of our Energy Markets Finance team.

KEY RESPONSIBILITIES

• Assist with the month-end close and ongoing monitoring of the daily global energy P&L processes for 10+ legal entities

• Assist with meeting monthly close deadlines, including balance sheet controls, and various other internal/external reporting requirements

• Prepare journal entries ensuring clerical accuracy and appropriate support documentation

• Reconcile general ledger accounts with daily review of the daily income statement

• Ensure compliance with all Macquarie financial policies and processes

• Assist in the continued development of finance policies and procedures

• Prepare compliance and support documentation for internal control and review purposes

• Document job processes and procedures, including identification of process enhancements and improvements

• Prepare other ad-hoc reports/schedules

• Review forward book ensuring proper derivative accounting standards are followed

• Work with the trading organization and management to help communicate variances in the daily general ledger from the reported daily P&L.

• Facilitate discussions across the various reporting businesses to ensure consistency is applied across all of the businesses.

KEY SKILL REQUIREMENTS

• Strong accounting background, with previous experience in a commodity trading environment highly beneficial

• Strong attention to detail

• Desire to follow tasks through to completion and has a high sense of urgency

• High level of energy, commitment and flexibility

• Strong client service ethic

• Ability to work and contribute as part of a team

• Ability to develop relationships with multiple stakeholders including traders, marketers, risk & IT professionals and business managers

• Knowledge of US GAAP, knowledge of IAS/IFRS is also desirable

• Can resolve issues in a practical manner

• Sets high standards for self and team

• Team player with excellent oral and written communication and influencing skills

• Comfortable tackling new concepts and ideas associated with on-going change in the business

• Ability to re-assess / re-engineer work processes

• Self Motivated and able to work independently to complete responsibilities with limited supervision

• Ability to remain calm under pressure in a fast-paced environment with multiple competing deadlines

QUALIFICATIONS & BACKGROUND

• Minimum Bachelor's degree in Accounting or Finance, MBA or other post-graduate degree is preferred

• CPA designation is strongly preferred, active pursuit of licensing is required

• Minimum of 2 years relevant work experience is required, Big 4 experience and/or wholesale energy industry experience is desirable

• Knowledge of the energy industry, specifically the power and/or natural gas markets is desirable

• Familiarity with commodity financial instruments, such as futures, swaps and options, as well as basic valuation methodologies is desirable

• Computer skills including, but not limited to, Excel, ACCESS, Word or equivalents

• Peoplesoft experience is preferred, but not required

APPLY NOW