Technical Accounting Senior Advisor

  • Location
    Houston, Texas
  • Posted
  • Start Date
    ASAP
  • Salary
    USD100000 - USD150000 per annum
  • Expiry Date
    2024-03-01

What you’ll do:

  • Business Development Support – perform accounting reviews of business development activities and business transactions
  • Review business development transactions to determine the accounting impact referencing International Financial Reporting Standards (IFRS) and US GAAP accounting guidance and consulting with the Director of Technical Accounting, the VP Controller, Group competency center and external auditors
  • Prepare complex assessments and review assessments of less complex contracts under IFRS and US GAAP to identify derivatives, leases, revenue recognition elements, consolidation issues, or other accounting compliance or disclosure implication
  • Advise the valuation and business development teams on proposed transactions, including reviewing and validating the transaction models’ financial impacts on accounts prior to contract execution
  • Perform or coordinate financial due diligence on acquisition targets, as required
  • Prepare or coordinate the preparation of purchase price allocations for both business combinations and asset acquisitions, including reconciliation with investment case models
  • Derivative Accounting – perform activities in the monthly derivative and hedge accounting financial close and reporting processes for North America’s Energy Solutions, Renewables, Retail Supply, and Flex Gen businesses
  • Documenting hedge designations under IFRS and US GAAP, including its application, calculation of ineffectiveness, deferred tax implications and entry into Aligne, FinCad, or other hedge accounting systems
  • Preparing month-end derivative and hedge accounting entries
  • Reconciling month-end hedge status, other comprehensive income, and ineffectiveness P&L to designation information
  • Assisting in the validation and explanation of derivative results to management
  • Prepare monthly derivative account reconciliations
  • Prepare derivative and other technical accounting audit schedules and footnote disclosure support
  • Designing and refining the month-end derivative database, as needed, to achieve efficiencies in the month-end close and footnote disclosure processes
  • Perform other specific derivative accounting tasks as designated by Management
  • Performs other specific derivative and technical accounting tasks as directed
  • Performs technical accounting research and prepares accounting analysis documentation
  • Assists in preparing and presenting technical accounting training to accounting team
  • Supports the implementation of new and emerging IFRS and US GAAP accounting standards
  • Supports management with ad hoc requests
  • Carry out other duties as assigned

What you bring:

  • Bachelor’s degree in Accounting or MIS required. Master’s degree preferred
  • Minimum of ten (10) + years’ relevant experience required with 2+ years Big 4 a plus
  • CPA or equivalent (such as a Chartered Accountant) is required
  • Prior experience in understanding electricity and natural gas markets preferred
  • Strong internal controls mindset to perpetuate and amplify Management’s tone at the top
  • Strong customer service skills to internal and external customers
  • Proficient in IFRS and/or US GAAP, with special emphasis on derivative accounting, business combinations, joint ventures, revenue recognition, and leases
  • Strong accounting research and technical writing skills
  • Ability to identify significant accounting issues and prioritize work tasks accordingly
  • Ability to communicate effectively with internal customers and external auditors
  • Ability to plan and manage multiple projects across different business lines and departments to ensure delivery of in line with deadlines, including the month end close process
  • Able to work in a time sensitive environment including managing overtime, as necessary, and accommodating hours outside of usual US business hours to liaise with global businesses
  • Proficient in Microsoft Excel, Word and PowerPoint. Microsoft Access or SQL skills are a significant advantage
  • Tools used for the job may include the Microsoft Office 360 Suite including Teams and One Drive, SAP, Solomon, and Payroll/HR software (ADP & eTime)
  • Strong-interpersonal skills and self-motivated

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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