About the position
This position is a key role in the Retail Financial Planning and Analysis organization with responsibility for overseeing the Calpine Retail business financial control/risk environment. Key responsibilities will include 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. Additionally, the Retail Product Control Manager will be responsible for certain financial forecasting and reconciliations processes. Reporting into the Retail Risk group as a direct report to the VP of Retail Risk, this role will work closely with the Accounting, Risk, Front Office and Settlements groups to ensure both Corporate and Retail needs are met and aligned. High profile role that may depending on business needs manage a team in the future.
Responsibilities
- 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.
- 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.
- Identify opportunities that make a significant 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.
- 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.
Requirements
- Bachelor's Degree in Business, Accounting or Finance required, CPA or Master's Degree preferred.
- 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.
- 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.
Benefits
- Position eligible for annual bonus.
