Commodity Analyst II

#25-72742

Houston, Texas, USA

Job Category

Accounting/Finance

Full-Time/Part-Time

Full-time

Job Description

Primary Purpose

Responsible for the settlement of, physical and financial, natural gas commodity transactions. Responsibilities consist of validating & confirming energy transactions within the trade capture system, along with preparing related Accounts Payable/Accounts Receivable billing statements. Performs management & regulatory reporting, develops standard operating procedures for related tasks, and provides support for credit and/or market risk analysis roles.

Duties And Responsibilities

• Performs commodity settlement process, including validation of settled transactions, counterparty checkout, preparing payable & receivable invoices, and facilitating payment requests. This includes communication with counterparties to confirm trade details and resolve discrepancies with Front Office, Mid-Office, and Business Apps.
• Reconciles monthly energy transactions through validation & confirmation of volumes, trade pricing and supporting calculations.
• Supports monthly close process with appropriate reporting, analysis, journal entries and general ledger account reconciliations.
• Supports monthly/quarterly/annual regulatory reporting requirements to ensure compliance with various governing agencies (i.e., DOE, EIA, EPA, & FERC). This includes support of the SOX compliance and audit requirements.
• Supports the credit and market risk functions, completes ad hoc reporting requests and may be responsible for the completion of moderately complex assignments/projects in support of the commodity settlement process (ex. Gathers and summarizes settlement data by pipeline for the past two years, including bilateral and pipeline settlements) and/or commodity risk management processes.
• Performs other duties as assigned (no more than 5% of duties).
  
  

Requirements

Required Qualifications

• Bachelor’s degree in finance, Business Administration, Accounting, or equivalent training and/or experience.
• 3 years’ experience in professional commodity settlement or equivalent training and/or experience.
• 1 of prior professional level energy commodity settlement experience.
• Strong spreadsheet/database skills required.
• Strong attention to detail
• Strong analytical, verbal, and written communications skills
• Strong organizational and project management skills
• Ability to work independently with little guidance from management.
• Must be able to work in team environment and effectively interact with others both internal & external customers.
• Able to work with large amounts of data, with technical skills to summarize, confirm, and reconcile its accuracy.
• Ability to convey technical information in a clear and concise manner.
• A willingness to put forth additional effort and work extra hours when critical projects arise or as necessary.
• Ability to multi-tasks and be flexible and able to switch quickly from one project to another when dictate by business need.
• Proficient with the use of OpenLink Endur Energy Trade and Risk Management (ETRM) software.
  
  

Preferred Qualifications

• Knowledge of power settlement a plus.
• Knowledge of power, natural gas and/or LNG settlement highly desirable.