Product Control Senior Associate

• Company:  Macquarie Holdings
• Salary:  Competitive
• Location: Houston < TX < USA
• Job Type: Permanent, Full time
• Posted on: 27 Nov 13

Macquarie’s Financial Management Group is seeking a Product Control Senior Associate to join our Houston team.

Summary

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. We focus on areas of business where our particular skills and expertise deliver a real advantage for clients, concentrating resources where we can add the most value. Macquarie has been active in the United States for over a decade. Today we have more than 2,400 professionals in offices in 18 US locations. This team is complemented by the resources of Macquarie's international network of 13,400 people in 28 countries.

• Managing the Macquarie balance sheet and profit and loss optimally and strategically
• Adding value to Macquarie's senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
• Ensuring Macquarie continues to meet the obligations within its regulatory and compliance framework.

Energy Markets Finance (part of FMG) is responsible for the product control, finance and accounting support for the global Energy Markets Division.

You will be responsible for:

• Preparing daily P&L report and associated reconciliations including liaising with offshore Global Financial Services Finance team
• Working with the trading organization and management to help communicate variances in the daily general ledger from the reported daily P&L
• Reconciling general ledger accounts with daily review of the daily P&L report
• Preparing journal entries ensuring clerical accuracy and appropriate support documentation
• Assisting with the month-end close and ongoing monitoring of the daily global energy P&L processes for 10+ legal entities
• Assisting with meeting monthly close deadlines, including balance sheet controls, and various other internal/external reporting requirements
• Reviewing forward book ensuring proper derivative accounting standards are followed
• Facilitating discussions across the various reporting businesses to ensure consistency is applied across all of the businesses
• Documenting job processes and procedures, including identification of process enhancements and improvements
• Ensuring compliance with all Macquarie financial policies and processes
• Assisting in the continued development of finance policies and procedures
• Preparing compliance and support documentation for internal control and review purposes
• Preparing other ad-hoc reports/schedules

To be successful in this role you will have:

• Strong accounting background, with previous experience in a commodity trading environment highly beneficial
• Strong attention to detail
• Desire to follow tasks through to completion and has a high sense of urgency
• High level of energy, commitment and flexibility
• Strong client service ethic
• Ability to work and contribute as part of a team
• Ability to develop relationships with multiple stakeholders including traders, marketers, risk & IT professionals and business managers
• Knowledge of US GAAP, knowledge of IAS/IFRS is also desirable
• Can resolve issues in a practical manner
• Sets high standards for self and team
• Team player with excellent oral and written communication and influencing skills
• Comfortable tackling new concepts and ideas associated with on-going change in the business
• Ability to re-assess / re-engineer work processes
• Self Motivated and able to work independently to complete responsibilities with limited supervision
• Ability to remain calm under pressure in a fast-paced environment with multiple competing deadlines

QUALIFICATIONS & BACKGROUND

• Minimum Bachelor's degree in Accounting or Finance, MBA or other post-graduate degree is preferred
• CPA designation is strongly preferred, active pursuit of licensing is required
• Minimum of 2 years relevant work experience is required, Big 4 experience and/or wholesale energy industry experience is desirable.
• Knowledge of the energy industry, specifically the power and/or natural gas markets is desirable
• Familiarity with commodity financial instruments, such as futures, swaps and options, as well as basic valuation methodologies is desirable
• Computer skills including, but not limited to, Excel, ACCESS, Word or equivalents
• Peoplesoft experience is preferred, but not required

Macquarie is an equal opportunity employer (M/F/D/V).

Salary:  Competitive