Product Control Senior Associate

Company:
Macquarie
Location:
Houston, TX
Job Type:
Full Time
Category:
Sales & Trading
Yrs of Exp:
1 to 2 years
Posted:
2/8/2013

Job Description


At Macquarie we offer you the experience and freedom to grow your career whilst making your mark within a highly successful organization. Key to our success is the entrepreneurialism we encourage in all our people. We give you the opportunity to progress your career as quickly as you can demonstrate your ability.

The Financial Management Group (FMG) provides financial, tax and treasury services to all areas of Macquarie. The group is focused on three key outcomes:
  • Managing the Macquarie balance sheet and profit and loss optimally and strategically
  • Adding value to Macquarie's senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
  • Ensuring Macquarie continues to meet the obligations within its regulatory and compliance framework.

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 (part of FMG) is responsible for the product control, finance and accounting support for the global Energy Markets Division.

You will be responsible for:
  • Prepare daily P&L report and associated reconciliations
  • 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 P&L report
  • 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.

To be successful in this role you will have:
  • 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

Macquarie is an equal opportunity employer (M/F/D/V).

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