Expert Analyst, Derivative Accounting

Found in: Talent US C2 - 2 weeks ago

Houston, United States Pilot Company Full time
Job Description

The purpose of this job is to support the financial decisions and accounting processes for Pilot Energy by investigating, collecting, and reporting operational and financial data and performing moderately complex analysis.

In this role you will: 

  1. Perform multiple derivatives and hedge accounting tasks in support of Pilot Energy.
  2. Coordinate with Risk Control, Finance/Treasury, and other departments regarding commercial commodity transactions to understand strategies and objectives, monitor volumetric forecasts, and timing performance to apply the appropriate accounting treatment to derivative transactions.
  3. Review, analyze and interpret daily exposure and Market to Market (“MTM”) P&L to ensure completeness, accuracy, and consistency with expectations.
  4. Prepare and update hedge documentation including strategies, objectives, business purpose, and method of implementation, effectiveness tests, and back-testing results to ensure compliance with accounting rules for derivatives and hedge accounting.
  5. Complete retrospective and prospective effectiveness tests using statistical regression analysis to ensure that designated hedges continue to meet the highly effective criterion.
  6. Create journal entries to record derivative transactions into the general ledger system and prepare balance sheet reconciliations to ensure the validity of financial positions and operating results.
  7. Update lead sheets and supporting schedules necessary to complete the monthly close processes and quarterly financial derivatives footnotes, and disclosures.
  8. Assist in completing the daily and monthly end-of-period processes used to generate financial positions, mark-to-market valuation results, and journal entries for profit & loss reporting
  9. Assist in reconciling financial derivative trades from internal systems to clearing broker statements and confirmations.
  10. Identify opportunities for performance and process improvement including transaction flow, systems, processes, and controls.
  11. Maintain knowledge of new finance/accounting policies and regulations.
  12. Work closely with the accounting and commercial team to ensure accurate financial reporting to banks, external and internal parties.
  13. Assist in training and coaching other team members.
  14. Assist in integration and implementation of new companies and business into Pilot Energy.

Qualifications

  • Bachelor’s degree in finance or accounting required
  • Energy trading industry experience required
  • Minimum 5 years’ experience in energy trading accounting or related area required
  • Experience with MTM Accounting required
  • Strong knowledge of technical accounting, derivative, and public accounting (Big 4 preferred)
  • Familiarity with Right Angle or similar ETRM system preferred
  • Familiarity with Lawson or other general ledger (GL) accounting ERP software preferred
  • Knowledge and understanding of generally accepted accounting principles (GAAP) preferred


Additional Information

  • Nation-wide Medical Plan/Dental/Vision
  • 401(k) Flexible Spending Accounts
  • Adoption Assistance
  • Tuition Reimbursement
  • Weekly Pay

  • Expert Analyst, Derivative Accounting

    Found in: Resume Library US A2 - 2 weeks ago

    Houston, Texas, United States Pilot Company Full time

    Job Description The purpose of this job is to support the financial decisions and accounting processes for Pilot Energy by investigating, collecting, and reporting operational and financial data and performing moderately complex analysis. In this role you will:  Perform multiple derivatives and hedge accounting tasks in support of Pilot...

  • Lead Accountant

    5 days ago

    Houston, United States Selby Jennings Full time

    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...

  • Lead Accountant

    Found in: Appcast Linkedin GBL C2 - 1 week ago

    Houston, United States Selby Jennings Full time

    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...

  • Lead Accountant

    1 week ago

    Houston, United States Selby Jennings Full time

    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...

  • Sr Derivatives Accountant

    2 days ago

    Houston, United States OPTIMUS (TX) Full time

    A key Optimus client is looking for a Sr Derivatives Accountant. The purpose of this job is to support the financial decisions and accounting processes for our client by investigating, collecting, and reporting operational and financial data and performing moderately complex analysis. The client is in office daily. Qualified candidates, please send your...

  • Derivative Accountant

    Found in: Resume Library US A2 - 2 weeks ago

    Houston, Texas, United States Vitol Full time

    Job Description The Derivative Accountant will join the Paper Ops team and be responsible for reconciling, validating and processing Vitol’s financial trading activity. The primary role is to mitigate risk surrounding Vitol’s cleared financial trading activity. This entails reconciling exchange traded financial activity to clearing statements, working...

  • Financial Application Analyst

    Found in: beBee jobs US - 3 weeks ago

    Houston, Texas, United States Abrigo Full time

    Our solutions automate key processes – from anti-money laundering to fraud detection to CECL readiness to lending workflows – empowering our customers by addressing their Enterprise Risk Management needs.Abrigo seeks a Finanical Application Analyst with basic understanding of fixed income securities such as mutual bonds, corporate bonds, collateralized...

  • Trade Settlement Analyst

    2 weeks ago

    Houston, United States CareerBuilder Full time

    Job Type Full-time, Contract Description We are seeking a Trade Settlement Analyst to join our Operations team. The successful candidate will be responsible for providing administrative support to the Physical and Paper traders in all areas of Physical and Derivative trade. The Trade Settlement Analyst will also be responsible for supporting the operations...

  • Trade Settlement Analyst

    2 weeks ago

    Houston, United States Unipec America , Inc Full time

    Job Type Full-time, Contract Description We are seeking a Trade Settlement Analyst to join our Operations team. The successful candidate will be responsible for providing administrative support to the Physical and Paper traders in all areas of Physical and Derivative trade. The Trade Settlement Analyst will also be responsible for supporting the operations...

  • Trade Accountant

    2 days ago

    Houston, United States Collabera Full time

    Job Title: Sr. Trade Accountant - Refined Products Trading and ETRM Expert Duration: Full time Location: Houston, TX Responsibilities Prepare and analyze financial statements related to refined products trading activities such as blending, rack sales (gasoline and diesel), and other trading strategies. Monitor and report on key financial...

  • Trading Analyst

    Found in: beBee jobs US - 3 weeks ago

    Houston, Texas, United States NES Fircroft Full time

    Position Title: Trading Analyst The Trading Analyst will be required to support the execution of trades, monitor trade activity, and perform the required market data analysis to advise the Vice President, Commercial and marketing team on emerging trends. The incumbent will be accountable for coordinating the creation and maintenance of supply/demand models,...

  • Inventory Accounting Analyst

    6 days ago

    Houston, United States GameChange Solar Full time

    **Inventory Accounting Analyst** GameChange Solar is one of the fastest growing, most dynamic companies in the rapidly growing utility scale solar industry. We have top quality solar racking and tracker products that generate the most amount of energy, are the fastest to install, and the most cost effective. The company grew over 100% last year approaching...

  • Trading Analyst

    Found in: beBee S US - 3 weeks ago

    Houston, Texas, United States NES Fircroft Full time

    Position Title: Trading Analyst The Trading Analyst will be required to support the execution of trades, monitor trade activity, and perform the required market data analysis to advise the Vice President, Commercial and marketing team on emerging trends. The incumbent will be accountable for coordinating the creation and maintenance of supply/demand models,...

  • Oracle Functional Analyst

    2 weeks ago

    Houston, United States CareerBuilder Full time

    Oracle Functional Analyst (OM and Pricing) Plano, TX Job Status : Open Posted On : April 8, 2023 Job Category : Information Technology Position Type : Full Time Desired Experience : 5+ years Desired Education : Bachelors Compensation : Relocation : Yes Work locally in a permanent job directly for a global manufacturer, with long term stability, less travel,...

  • Cost Accountant/Analyst

    2 weeks ago

    Houston, United States CareerBuilder Full time

    Cost Accountant/Analyst The Pailin Group Professional Search Consultants THE PAILIN GROUP PROFESSIONAL SEARCH CONSULTANTS About Us Job Search Client Services Diversity Candidate Services Pailin Group Store Contact Us March 1, 2017 Cost Accountant/Analyst Texas Job Description Looking for a challenge? Desire to achieve your true potential? Our client is a...

  • Analyst - Investor Accounting

    2 weeks ago

    Houston, United States JLL Full time

    JLL supports the Whole You, personally and professionally. Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and...

  • Senior Data Analyst

    2 days ago

    Houston, United States Comtec Consultants Full time

    Title: Senior Data Analyst Location: Hybrid (Houston, TX or New Orleans, LA) Duration: Full Time We are looking for Sr. Data Analyst. The ideal candidate should be detail-oriented and have strong experience with Data Extraction, Data Manipulation, and Data Visualization. Must have strong experience with SQL, Power BI and advanced Excel formulas and...

  • Senior Financial Analyst Internal Reporting

    2 weeks ago

    Houston, United States Richard, Wayne & Roberts Full time

    Senior Financial Analyst / Accountant World technology leader in Oil & Gas services. industry. With over 100 offices in more than 35 countries located in Oil & Gas provinces, The Financial Analyst / Accountant Analyses and assesses financial data and Reports findings for the manager to review. Work directly with business management. Key projects include...

  • Odoo ERP and Accounting Functional Analyst

    5 days ago

    Houston, United States SHUFE Media Full time

    Job DescriptionJob DescriptionJob Description:We are seeking a talented Odoo ERP and Accounting Functional Analyst to join our team in Houston, TX. As an Odoo Functional Analyst, you will play a crucial role in implementing and optimizing Odoo ERP solutions for our clients, with a focus on accounting modules. This role requires a deep understanding of...

  • Odoo ERP and Accounting Functional Analyst

    2 weeks ago

    Houston, United States SHUFE Media Full time

    Job DescriptionJob DescriptionJob Description:We are seeking a talented Odoo ERP and Accounting Functional Analyst to join our team in Houston, TX. As an Odoo Functional Analyst, you will play a crucial role in implementing and optimizing Odoo ERP solutions for our clients, with a focus on accounting modules. This role requires a deep understanding of...