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Senior Accountant, Derivatives

3 months ago


Princeton, United States NRG Full time

As an NRG employee, we encourage you to take charge of your career and development journey. We invite you to explore exciting opportunities across our businesses. You’ll find that our dynamic work environment provides variety and challenge. Your growth is key to our ongoing success—take the lead in shaping your career development, goals and future

Job Summary:

Responsible for day-to-day derivative accounting activity and supporting NRG Commercial Operations.  The position also has responsibility for ASC 815 (FAS 133) compliance including commodities, foreign exchange, and interest rate transactions.

Essential Duties/Responsibilities:

  • Responsible for recording month-end derivative accounting journal entries.
  • Responsible for preparing monthly and quarterly reconciliations and analysis of derivative results.
  • Responsible for meeting with regional accounting teams to review the impact of derivative activity.
  • Responsible for ensuring all documentation requirements of ASC 815 are met on a timely, accurate basis.
  • Perform derivative accounting research including writing technical accounting memos.
  • Work with the Commercial Operations and Risk Management groups to proactively address the accounting implications related to new derivative transactions.
  • Support derivative accounting system updates.
  • Partner with other business units and/or departments to identify and facilitate business process improvements.
  • Assist with tracking, analyzing and reporting all derivative transactions including the preparation of related footnotes in NRG’s SEC filings.
  • Monitor the internal control environment and ensure compliance with Sarbanes Oxley Sec. 404 legislation as it relates to the work processes within the derivative accounting department.
  • Assist with special projects as requested.

Working Conditions:

  • Hybrid work schedule; a combination of working remotely from home and 3 days a week in the office.
  • Open office environment.
  • Some overtime required as special projects arise.
  • Limited travel (