Job Description
As part of the Gross margin accounting and reporting team, you will ensure completeness, accuracy, and validity of all revenues and associated costs with settlements accounting including gross margin reporting, volumetric reporting, and associated reconciliations including accruals and certain derivate positions. You will report to the Manager, Gross Margin Accounting and Reporting.
You will partner with our Risk, Commercial, and Finance teams for month end close including reporting and analysis of monthly and periodic actuals and variances, perform associated balance sheet reconciliations, and assist the Accounting, FP&A, and Treasury teams in ensuring a timely and accurate closing cycle. You will also own the revenue reporting process and gross margin performance explanations and assist in explanations of variances against the budget in coordination with the FP&A team.
The ideal candidate has worked in Big4 firm with 3+ years' experience auditing banks or energy companies with commodity trading floors. Preferably a banking, energy or commodity trade floor background, providing back-office support in settlements with P&L. The ideal candidate may be a CPA/Chartered accountant/ have master's degree in accounting or related specialization.
You must be a self-starter who can meet deadlines, challenge the status quo while maintaining a silent running state, and ensure the integrity of gross margin results and balance sheet reconciliations. You will collaborate cross-functionally with the Company to deliver results timely, efficiently, and accurately.
What Tasks You Will Perform
• Reconcile accounts associated with the commodity trade floor including inventories, accruals, renewables, options, and sundry accounts as part of the monthly closing cycle. Partner with accounting personnel to ensure compliance with US GAAP, including preparation of journal entries.
• Tie source records to estimates and forecasts provided by other Finance teams, and lead research and explanation of settlement account differences with the Finance and Operations teams.
• Perform detailed analysis utilizing information from various sources to accurately forecast monthly unbilled accounts receivables to ensure accruals are complete and accurate as part of the monthly closing cycle.
• Maintain and enhance the design of the revenue and back-office commodity trade reporting processes in collaboration with cross-functional teams to ensure compliance with Just Energy’s control frameworks.
• Monitor markets (power, gas, and green) to identify rules and changes affecting settlement results and impacts to new or existing contracts in conjunction with the settlements, accounting, and regulatory teams; enhance existing processes to comply with regulatory changes within markets in which we operate and internal policies and practices.
• Document detailed analytical analyses related to the commodity accounts and provide explanatory analysis as part of the monthly accounting and FP&A reporting packages.
• Coordinate with other teams and external auditors to support information requests and explanations timely. - Proactively respond to business questions and propose solutions to various levels within the organization up to the Executive Leadership Team as requested.
• Assist cross-functionally within the Finance team as requested.
You will partner with our Risk, Commercial, and Finance teams for month end close including reporting and analysis of monthly and periodic actuals and variances, perform associated balance sheet reconciliations, and assist the Accounting, FP&A, and Treasury teams in ensuring a timely and accurate closing cycle. You will also own the revenue reporting process and gross margin performance explanations and assist in explanations of variances against the budget in coordination with the FP&A team.
The ideal candidate has worked in Big4 firm with 3+ years' experience auditing banks or energy companies with commodity trading floors. Preferably a banking, energy or commodity trade floor background, providing back-office support in settlements with P&L. The ideal candidate may be a CPA/Chartered accountant/ have master's degree in accounting or related specialization.
You must be a self-starter who can meet deadlines, challenge the status quo while maintaining a silent running state, and ensure the integrity of gross margin results and balance sheet reconciliations. You will collaborate cross-functionally with the Company to deliver results timely, efficiently, and accurately.
What Tasks You Will Perform
• Reconcile accounts associated with the commodity trade floor including inventories, accruals, renewables, options, and sundry accounts as part of the monthly closing cycle. Partner with accounting personnel to ensure compliance with US GAAP, including preparation of journal entries.
• Tie source records to estimates and forecasts provided by other Finance teams, and lead research and explanation of settlement account differences with the Finance and Operations teams.
• Perform detailed analysis utilizing information from various sources to accurately forecast monthly unbilled accounts receivables to ensure accruals are complete and accurate as part of the monthly closing cycle.
• Maintain and enhance the design of the revenue and back-office commodity trade reporting processes in collaboration with cross-functional teams to ensure compliance with Just Energy’s control frameworks.
• Monitor markets (power, gas, and green) to identify rules and changes affecting settlement results and impacts to new or existing contracts in conjunction with the settlements, accounting, and regulatory teams; enhance existing processes to comply with regulatory changes within markets in which we operate and internal policies and practices.
• Document detailed analytical analyses related to the commodity accounts and provide explanatory analysis as part of the monthly accounting and FP&A reporting packages.
• Coordinate with other teams and external auditors to support information requests and explanations timely. - Proactively respond to business questions and propose solutions to various levels within the organization up to the Executive Leadership Team as requested.
• Assist cross-functionally within the Finance team as requested.
💡 Quick Summary
Seeking a career-building opportunity? The Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Bangalore offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.