Senior Technical Accounting Advisor

Texas, United States of America

Job Family Group:

Finance

Worker Type:

Regular

Posting Start Date:

Business unit:

Finance

Experience Level:

Experienced Professionals

Job Description:

What’s the role?

You’ll be part of a 14-strong global team (based in London, Singapore, and Houston) who advise on the accounting treatment of new business proposals.  You’ll work collaboratively with stakeholders across finance and the business, be interested in understanding the business and deal drivers, and have a hand in how they get implemented and reported.  More specifically, your role will include:

• Supporting business growth through provision of accounting advice on new deals and input on how deals are structured and set up in trading systems
• Developing new accounting policies and guidance where needed and communicating this across the finance organisation
• Analysing complex and judgmental areas (e.g., impairments, market liquidity assessment, balance sheet presentation and derivative valuation)
• Act as the subject matter expert on IFRS derivative accounting standards and apply these to value and account for derivatives in Trading
• Support for Group led initiatives to implement new accounting standards, analysing the impact on Trading and developing practical application guidance that wider finance team can follow
• Identify accounting risks and take proactive steps to address them, including influencing other finance teams and designing new processes and controls.
• Interim accountabilities for review of IFRS derivative accounting results, in line with SOX control requirements, specific to North American physical Crude and Products
• Interim accountabilities for review of annual statutory derivative disclosures under GAAP

The successful candidate will also:

• Bring a positive, proactive approach to managing and solving problems.  Collaboration across the team is key, to ensure consistent advice, to learn (and share learnings) and to balance workload across the team
• Have a genuine interest in developing a full understanding of end-to-end deal economics and how accounting outcomes might influence the returns or presentation of a deal
• Be able to stand ground when presenting accounting recommendations.  For instance, persuading auditor why one treatment is justified over another; or delivering advice that may be unpopular with business stakeholders

What we need from you

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
• Bachelor’s degree required, Finance and Accounting degree preferred. CPA is a plus
• 5 or more years finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate entities
• At least 2 or more years Derivative accounting experience, public accounting experience a plus
• Thorough knowledge of accounting standards such as financial instruments (IFRS 9 and 7), fair value (IFRS13) and leasing (IFRS16) and U.S. GAAP equivalents.  But the ever-evolving nature of deals means equally important is the ability to identify key deal features and be able to research issues, apply concepts and provided clear written analysis and advise
• Able to handle ambiguity in deal fact pattern and apply judgment as for many deals, there will not be prescriptive policies or IFRS guidance
• Able to work across different finance teams, an ability to influence others and to make supportable and actionable recommendations – thus ensuring advice is understood and gets implemented correctly
• Able to work with various system applications, such as MS Excel, to provide support to individuals making monthly derivative accounting entries, and to be able to use their knowledge and experience to review monthly derivative accounting journal entries
• Able to understand how deal attributes are housed in ETRM systems, such as Endur, and then understand how that information flows into the financial results
• Able to work comfortably in a fast-paced environment and make independent conclusions based on appropriate accounting guidance and company policies

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing paren