Settlement Accountant

2019-12-03
Full Time

Description

Our client is seeking a Settlement Accountant on a temporary basis.

 

The Settlement Accountant is responsible for performing confirmation, settlement, inter-company cash movement and booking of all transactions including but not limited to; natural gas, electricity, other commodity and financial transaction activities.

 

Location: Houston, TX

Salary: $33.00 - $38.00/hr

 

Responsibilities:

  • Performs confirmation of trades with counterparties and Exchange Broker
  • Conducts actualization and settlement in ETRM and ERP systems
  • Serves as a primary interface with counterparty settlement personnel
  • Reconciles AP/AR with counterparties by invoicing/payment due dates
  • Reconciles ETRM data with ERP general ledger data
  • Prepares Inter-company margining and inter-company cash movement data
  • Communicates with various departments to understand contractual terms and appropriately resolve volume or price discrepancies
  • Prepares and reports monthly transaction details including cash flows to management monthly
  • Maintains tax hedge documents and records each transaction accurately.
  • Prepares invoices and payment requests consistent with the terms of transactions such as natural gas purchase and sales agreements and natural gas transportation agreements
  • Assists in the preparation of journal entries related to all transactions including but not limited natural gas, electricity, other commodity and financial transaction activities
  • Assists with eligibility study of hedge accounting
  • Assists with development of accounting policies and procedure manuals
  • Assists with overall back-office operations related to physical & financial transactions as required
  • Files sales tax returns accurately, collects and prepares necessary resale certificates by filing due dates
  • Performs treasury functions
    • Monitors daily margin balances
    • Updates cash flow projections


Requirements:

  • Bachelor’s Degree required; Accounting focus preferred
  • 3+ years in natural gas trading or commodity settlements required
  • 3+ years of experience in general accounting
  • Working experience with ERP, ERTM, MS Excel
  • Experience supporting preparation of federal/state tax returns
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