Sr. Settlements Accountant
Job Description:
Our client, a large energy conglomerate in the Houston area, is looking for an advanced settlements accountant. Bachelor's degree in Business is required, as is prior experience in a commodities environment. Responsibilities include:
Ensure the accurate settlement of physical and financial transactions.
· Validate and reconcile energy transactions.
· Prepare invoices to counterparties.
· Perform mid-month and month-end checkouts with counterparties.
· Settle and actualize transactions within applicable deal capture systems.
· Produce monthly A/R Aging reports and identify and address collections issues.
· Ensure the accuracy of data and compile data to meet the reporting needs of others.
· Analyze data for trends and anomalies.
· Assist in resolving deal capture system issues that result in downstream inconsistencies.
· Ensure invoices and remittance statements are generated and submitted for timely settlement.
· Oversee daily broker margining, including reconciliation of reported equity and margin requirements.
· Interact with traders, scheduling and counterparties to resolve invoice discrepancies.
· Assist with the settlement of shipping and LNG cargoes.
· Develop, document, and maintain procedures for related activities, and modify procedures as required.
· Review departmental processes and recommend ways to improve efficiency.
· Assist with coordination of all audit requests and help ensure adherence to governance frameworks
· Identify issues and develop, recommend and implement solutions.
· Identify weaknesses in internal controls and recommend improvements.
· Perform special projects as dictated by business needs.
Job Requirements:
Bachelor's degree in Business is required, as is prior experience in a commodities environment.
| Industry: | Energy | Job Location: | Houston, Texas |
| Employment type: | Full Time |
| Job Category: | Accounting / Senior Accountant/Associate [ View All Accounting Jobs ] |
| Job Skills: | Unspecified |
| Job Software Skills: | Microsoft Excel, SAP R/3 |
| Other Required Software Skills: | |
| Certifications: | |
| Career Level: | Unspecified |
| Education Required: | Unspecified |
| Minimum Years of Experience Required: | 3 |
| Salary: | 65 to 85K |
| Travel Requirements: | Unspecified |
| Accept Relocation? | no |
| Relocation Assistance? | no |
| Address: | 3200 Southwest Freeway  |
| Company Type | Recruiter |
| Post Date: | 11/05/2009 / Viewed 305 times |
Contact Information |
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| Company: | Mackey and Tanner |
| Contact Email: | lhall@mackeytanner.com |