Lead Accountant - Houston, United States - Selby Jennings

Description

Selby Jennings is exclusively partnered with a leading Oil & Gas firm that is looking for a Lead Accountant with expertise in derivatives & hedge accounting. This company is experiencing incredibly exciting growth due to their high performance. This will be a highly visible role with an exciting career trajectory.

Responsibilities:

• Undertake various derivative and hedge accounting responsibilities to support the energy trading business.
• Collaborate with Risk Control, Finance/Treasury, and other departments on commercial commodity transactions to grasp strategies and goals, monitor forecasts, and ensure proper accounting treatment of derivative transactions.
• Analyze daily exposure and Mark-to-Market P&L for accuracy and alignment with expectations.
• Develop and maintain hedge documentation, including strategies, objectives, implementation methods, effectiveness tests, and back-testing results, to ensure adherence to accounting regulations.
• Conduct retrospective and prospective effectiveness tests using statistical regression analysis to confirm hedge effectiveness.
• Record derivative transactions in the general ledger and reconcile balance sheets to validate financial positions and results.
• Update lead sheets and schedules for monthly close processes and quarterly financial derivatives disclosures.
• Support daily and monthly end-of-period processes for financial position generation and profit & loss reporting.
• Reconcile financial derivative trades across internal systems and clearing broker statements.
• Identify opportunities for performance and process enhancement, including transaction flow, systems, and controls.
• Stay updated on finance and accounting policies and regulations. Collaborate closely with the accounting and commercial teams to ensure accurate financial reporting. Provide training and coaching to team members.
• Assist in integrating new companies and businesses into the firm.

Requirements:

• Bachelors degree in finance or accounting
• Derivatives/Crude Oil trading industry experience
• 5+ years of experience in energy trading accounting, back office, or any related function
• Experience with MtM Accounting
• Strong knowledge of technical, derivative, and/or public accounting.
• Familiarity with ETRM tool (RightAngle is preferred)
• Familiarity with general ledger (GL) accounting software
• Knowledge and understanding of US GAAP principles