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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.
What We Do
NRG is one of the leading integrated power companies in the U.S, powered by people and built on dynamic retail brands with diverse generation resources. Our purpose is to create a sustainable energy future by bringing the power of energy to people and organizations.
A Fortune 500 company, NRG creates value through best-in-class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we continually innovate, embrace and implement sustainable solutions for producing and managing energy.
We aim to be pioneers in developing smarter energy choices and delivering exceptional service as our retail electricity providers serve over 3.7 million residential and commercial customers through the country. In addition, we actively contribute to the local communities where NRG employees live and work. Since 2004, our positiveNRG program has provided millions of dollars to organizations and charities that have a direct impact on the lives of the people in our communities, including food banks and those that foster self-sufficiency, improve housing and provide supplemental education to people in need. NRG has also organized special responses for victims of extreme catastrophe, such as the Haitian earthquake and the Japanese tsunami in 2010 and most recently Houston Hurricane Harvey relief in 2017.
More information is available at www.nrg.com.
