Derivatives analyst Jobs in Houston, TX

Senior Accountant - Derivatives

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Job Summary (includes but not limited to the following, other duties maybe assigned) The successful candidate will be a key contributor within the Derivative Accounting team, reporting to the Manager Derivatives Accounting. This position will work closely with other members of the broader CAO organization as well as with various trade floor functions such as Front Office, Deal Clearing, Contract Management, and Risk Management. Job requirements include but are not limited to the following :

Job Responsibilities

• Prepare monthly journal entries and hedge accounting journal entries, ensuring clerical accuracy and appropriate support documentation.
• Assist with meeting monthly close deadlines and related reporting deliverables as assigned, including quarterly and year-end financial disclosures and internal management reporting consumed by the executive management team.
• Assist in various technical accounting research and related system implementation including contract accounting review and elective accounting model application.
• Prepare monthly financial statement and risk system forward book analysis, including analysis of market area variances (price / volume and trend analysis) and other internal reporting metrics.
• Prepare compliance and support documentation for internal control and review purposes, including SOX 404 compliance requirements.
• Reconcile general ledger accounts.
• Identify process enhancements with a mind toward continuous improvement; assist with the implementation of such improvements.
• Document job processes and procedures as required based upon changes in business processes, commercial transaction life cycles, etc.
• Support the team through proactive initiative and assistance to optimize efforts across team members.
• Prepare other ad-hoc reports / schedules as required.

Job Requirements

Additional Calpine Information

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.