Job Description - Senior Analyst, Gross Margin Accounting and Reporting (241704069)

Job Description

Senior Analyst, Gross Margin Accounting and Reporting - ( 241704069 )

Description

As part of the Gross margin accounting and reporting team, you will ensure completeness, accuracy, and validity of all revenues and associated costs with settlements accounting including gross margin reporting, volumetric reporting, and associated reconciliations including accruals and certain derivate positions. You will report to the Manager, Gross Margin Accounting and Reporting.You will partner with our Risk, Commercial, and Finance teams for month end close including reporting and analysis of monthly and periodic actuals and variances, perform associated balance sheet reconciliations, and assist the Accounting, FP&A, and Treasury teams in ensuring a timely and accurate closing cycle.You will also own the revenue reporting process and gross margin performance explanations and assist in explanations of variances against the budget in coordination with the FP&A team.

The ideal candidate has worked in Big4 firm with 3+ years experience auditing banks or energy companies with commodity trading floors. Preferrably a banking, energy or commodity trade floor background, providing back office support in settlements with P&L. The ideal candidate is a CPA or Chartered accountant.

You must be a self-starter who can meet deadlines, challenge the status quo while maintaining a silent running state, and ensure the integrity of gross margin results and balance sheet reconciliations. You will collaborate cross-functionally with the Company to deliver results timely, efficiently, and accurately.

What tasks you will perform:

• Reconcile accounts associated with the commodity trade floor including inventories, accruals, renewables, options, and sundry accounts as part of the monthly closing cycle. Partner with accounting personnel to ensure compliance with US GAAP, including preparation of journal entries.

· Tie source records to estimates and forecasts provided by other Finance teams, and lead research and explanation of settlement account differences with the Finance and Operations teams.

• Perform detailed analysis utilizing information from various sources to accurately forecast monthly unbilled accounts receivables to ensure accruals are complete and accurate as part of the monthly closing cycle.
• Maintain and enhance the design of the revenue and back-office commodity trade reporting processes in collaboration with cross-functional teams to ensure compliance with Just Energy's control frameworks.
• Monitor markets (power, gas, and green) to identify rules and changes affecting settlement results and impacts to new or existing contracts in conjunction with the settlements, accounting, and regulatory teams; enhance existing processes to comply with regulatory changes within markets in which we operate and internal policies and practices.
• Document detailed analytical analyses related to the commodity accounts and provide explanatory analysis as part of the monthly accounting and FP&A reporting packages.
• Coordinate with other teams and external auditors to support information requests and explanations timely.
• Proactively respond to business questions and propose solutions to various levels within the organization up to the Executive Leadership Team as requested.
• Assist cross-functionally within the Finance team as requested.

What experience we ask for:

We require:

• A minimum of 5 years of experience, of which 3 years include practice as a CPA/CA or other professional designation.
• A working knowledge of Excel, including building pivot tables, intermediate formulas
• A demonstrated ability to utilize SQL, including writing queries
• A demonstrated understanding of commodity markets including gas or power, with associated accounting, control, and finance concepts
• An ability to research accounts, perform and review reconciliations with limited coaching
• Strong decision making based on quantitative measurements and providing analytical and reasoning capabilities on accounting information
• A bias to listen, challenge, and learn versus assume without evidence
• A self-starter with strong attention to detail and focus on meeting reasonable deadlines, with an ability to multi-task, prioritize issues and propose solutions to the Finance Leadership Team
• The ability to perform work as both an individual contributor and as a leader of a team to ensure all deadlines are met

We prefer:

• A master's degree in accounting
• Energy experience within a trading environment, and Big 4 audit for financial advisory experience in an Energy practice
• A working knowledge IFRS and US GAAP
• A higher-level experience in Excel including building VBAs or macros
• Implementation experience of Financial systems/databases and change management abilities while maintaining a silent running function
• An ability to communicate at different levels across functions which may not have a detail understanding of Finance

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