Calpine Corporation is looking for a Retail Product Control Manager to oversee the financial control/risk environment for its Retail business, ensuring assets are safeguarded and financial reporting complies with US GAAP and company policies.
Requirements
- Expert in accounting processes and controls design, implementation, and testing.
- Expert in derivative and Mark to Market accounting related to energy products.
- Complete understanding of commodity products and experience with accounting for retail energy provider operations.
- Must demonstrate in-depth knowledge of GAAP and regulatory accounting practices.
- Must demonstrate proficiency in accounting software and ETRM systems; strong proficiency in MS Office Suite (particularly in Excel).
- Must demonstrate experience with managing corporate and operational accounting and driving efficiencies.
- Strong analytical and problem-solving skills.
Responsibilities
- design, implementation and maintenance of a system of internal controls that will ensure that company assets ( i.e. customer relationships/counterparties, derivatives, REC inventories, etc. ) are adequately safeguarded, and that financial reporting information is prepared in compliance with all financial policies and US GAAP, as determined with corporate oversight.
- responsible for certain financial forecasting and reconciliations processes.
- Coordinate non-energy reconciliation and management among front, middle and back office of non-energy products including but not limited to Renewable Energy Credits, Capacity, and Resource Adequacy to ensure accurate financial and management reporting.
- Monitor market trends and prices to ensure accurate valuation of commodities.
- Own and manage the unrealized to realized margin reconciliation process for all commodity components.
- Coordinate back, middle, and front office to ensure a timely, clean, and transparent revenue recognition process.
- Evaluate operational and business issues and make recommendations to management.
Other
- Expected to make business decisions related to implementation of department strategy, interdepartmental coordination resulting in significant impact on costs and achievement of Retail Business objectives.
- Will work closely with Retail executive management preparing and summarizing financial results and contributing to financial planning efforts as well as other projects as required.
- Keep up to date on industry developments and best practices in energy trading risk management and commodity accounting.
- Identify opportunities that make a difference to the performance of multiple department functions and expected to make Retail organization-wide impact.
- Works within broad guidelines; applies advanced technical knowledge of multiple functions to solve complex problems which may have long-term impact on the business.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Strong leadership and team management abilities.
- Previous experience managing teams.
- Minimum of 10+ years’ experience in finance and accounting for commodity trading or energy retail businesses.
- Experience working on a commodity or trading floor.
