Senior Accountant - Derivatives

Company Overview

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets.

Its fleet of 76 power plants in operation and one under construction represents nearly 26,000 megawatts of generation capacity.

Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states, Canada and Mexico. 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

• Bachelor’s degree in accounting is required
• 3 - 4 years’ experience in a relevant accounting or finance role is preferred
• CPA designation is a plus, but not required.
• Computer skills including, but not limited to, Excel, Word or equivalents (advanced Excel skills will be applied including the ability to write complex formulas)
• Peoplesoft experience is preferred but not required.
• Must have excellent oral and written communication skills.
• Ability to work in a fast-paced environment as a self-starting independent contributor and problem solver under limited supervision.
• Ability to manage multiple assignments on a timely basis with a high degree of accuracy and self-administration
• Ability to work overtime during peak accounting close periods to meet deadlines (month-end and quarter-end)

Additional Calpine Information

• Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
30+ days ago