Sr Accountant, Technical Accounting for Commodities

Requisition ID:  76847 

 

NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources’ generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client’s needs? Join our world-class team today!

 

Position Specific Description

NextEra is seeking to hire a Sr Accountant to perform accounting due diligence and research functions for NextEra Energy commodity and commodity-related business activities with a focus on derivative, lease, revenue recognition, consolidation (VIE) and fair value issues surrounding structured commodity contracts.
 
In this position, employees will take a lead role in conducting accounting due diligence for structured commodity contracts. This encompasses a thorough examination of structured commodity contracts, in-depth accounting analysis, policy research, and a comprehensive understanding of the commercial aspects of assigned transactions. Successful team members will develop the essential technical accounting, commercial, and professional skills through hands-on training with subject matter experts. They will also collaborate closely with experienced leaders from business units across the company, such as energy marketing and trading, market risk, renewables development, business management, project valuation, legal, and more. 
 
•    Perform accounting review and due diligence for assigned contracts and prepare supporting documentation
•    Develop and maintain expert knowledge of derivative, lease, revenue recognition and fair value guidance and related GAAP such as consolidation (VIEs), etc.
•    Develop and maintain a comprehensive commercial understanding of assigned transactions, products, and markets
•    Implement NextEra’s existing accounting policies and draft new policies as needed
•    Determine the appropriate derivative, lease, and revenue accounting conclusions for assigned contracts
•    Prepare and maintain written documentation of these contracts, including positions papers and standard documentation
•    Respond to transaction review requests and manage the deal review process with commercial personnel
•    Identify and analyze key provisions in contracts to reach appropriate accounting conclusions
•    Resolve complex accounting issues related to assigned transactions
•    Articulate positions taken on these issues to team leader and commercial personnel
•    Maintain strong working relationships with front office personnel, attorneys, internal accounting personnel and internal and external auditors
•    Manage multiple tasks and projects
•    Work with internal and external auditors
•    Perform additional due diligence and research projects, as assigned
 
Ideal candidate will possess
 
•    Ability to manage multiple tasks in a fast-paced, time-sensitive environment
•    Analytical skills for applying technical GAAP and NextEra accounting policy to complex transactions
•    Verbal and written communication skills
•    Process management skills
•    Ability to negotiate with internal customers
•    Ability to work independently and within team environment
•    Self-motivation and sense of ownership and responsibility
•    Willingness and aptitude for reading and understanding complex transactions, products, and commercial drivers
•    Willingness and aptitude for working with technical accounting guidanc

Job Overview

Employees in this job take the lead role in special projects, including researching, analyzing and reporting on issues that affect the company, making recommendations for solutions, and following through to resolution.

Job Duties & Responsibilities

•   Prepares financial reports that are in compliance with GAAP, in a timely manner, to accurately reflect the financial status of the company
•   Maintains a good understanding of, and applies, GAAP, SEC regulations, and relative company policies, practices and procedures
•   Assures accounting integrity of corporate financial data through the implementation of appropriate internal controls
•   Prepares schedules and journal entries
•   Provides guidance and direction to other team members
•   Performs other job-related duties as assigned

Required Qualifications

•  Bachelor's - Accounting / Finance / Business
•  Experience: 4+ year