Full Job Description
Job Title: Commodity Accountant II (Power)
Location: Houston, Texas
Key Responsibilities:
- Apply accounting principles to analyze financial information and prepare entries to general ledger accounts.
- Perform daily and monthly settlements with bilateral counterparties for power and associated commercial revenue hedge products.
- Engage with scheduling, deal capture, legal, trading, commercial managers, and plant managers to ensure accurate recording of deals and contractual terms in ETRM and ERP systems.
- Validate billing inputs and calculations, including structured contract inputs such as indices, inflators, and plant operations-related inputs.
- Reconcile the Allegro Trading system with PeopleSoft 9.1 financials for monthly income statements.
- Conduct monthly trend analysis and reporting for assigned plants, explaining variances.
- Complete gross margin analysis to ensure accurate profit and loss presentation in the general ledger.
- Support cash management through timely preparation and analysis of invoices and payments.
- Maintain professional relationships with counterparty contacts and internal teams to ensure timely settlement and collection.
- Reconcile balance sheet accounts, including Accounts Receivable and Accounts Payable.
- Collaborate with auditors on financial statements for special projects.
- Utilize PeopleSoft 9.1 accounting software; experience with Allegro Trading System is a plus.
Qualifications:
- Bachelor's Degree in Business or Accounting.
- 1-3 years of related experience; CPA preferred.
- Strong accounting knowledge and experience in finance/accounting roles.
- Intermediate to advanced Excel skills for automation and analytics.
- Experience in process improvement and solving complex operational problems.
- Ability to make independent decisions and recommendations.
- Strong communication skills and a collaborative mindset.
Job Information
Job Category:
Other
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