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Job Summary:
Responsible for day-to-day derivative accounting activity and supporting NRG Commercial Operations. The position also has responsibility for ASC 815 (FAS 133) compliance including commodities, foreign exchange, and interest rate transactions.
Essential Duties/Responsibilities:
- Responsible for recording month-end derivative accounting journal entries.
- Responsible for preparing monthly and quarterly reconciliations and analysis of derivative results.
- Responsible for meeting with regional accounting teams to review the impact of derivative activity.
- Responsible for ensuring all documentation requirements of ASC 815 are met on a timely, accurate basis.
- Perform derivative accounting research including writing technical accounting memos.
- Work with the Commercial Operations and Risk Management groups to proactively address the accounting implications related to new derivative transactions.
- Support derivative accounting system updates.
- Partner with other business units and/or departments to identify and facilitate business process improvements.
- Assist with tracking, analyzing and reporting all derivative transactions including the preparation of related footnotes in NRG’s SEC filings.
- Monitor the internal control environment and ensure compliance with Sarbanes Oxley Sec. 404 legislation as it relates to the work processes within the derivative accounting department.
- Assist with special projects as requested.
Working Conditions:
- Hybrid work schedule; a combination of working remotely from home and 3 days a week in the office.
- Open office environment.
- Some overtime required as special projects arise.
- Limited travel (<5% of the time)
Minimum Requirements:
- Bachelor’s degree in accounting with at least two years of experience in general financial accounting and reporting.
- Demonstrated ability to communicate with all levels of internal and external customers.
- Ability to work independently in team-oriented culture in a fast-paced environment.
- Proficient with Microsoft Office applications.
Preferred Qualifications:
- Experience with complex accounting issues, derivative accounting, or technical accounting is preferred.
- Experience with SAP or similar ERP system is a plus.
- Knowledge of Aligne/Zai*net or similar trading system is a plus.
- Prior experience in the energy industry or similar commodity-based business a plus but not required.
- CPA or MBA a plus.
Additional Knowledge, Skills and Abilities:
- N/A
Physical Requirements:
- N/A
Why NRG is a great place to work:
- Great company culture!! Voted as a BEST employer by Forbes
- A competitive total compensation package, including annual incentive and/or commission
- Stock Purchase Plan
- Benefits on the first day of employment - Medical, Dental, Vision, Life Insurance, and Short Term Disability, Wellness program, etc.
- Company-paid life insurance and disability insurance
- 401 (k) plan to help save for retirement
- Generous Flexible FTO plan, where you take the time you need; also includes 11 company holidays, and 1 floating holiday
- Numerous discounts, including electricity discounts on NRG brands
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** No Outside Recruiters or Agencies **
NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills. Official description on file with Talent.
