Sr. Accountant

Calpine, a business unit of Constellation Energy Corporation (Nasdaq: CEG), is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpine’s fleet has the capacity to generate approximately 27,000 MW of electricity – enough to power approximately 27 million homes. 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 is not limited to the following; other duties may be assigned)     

Responsible for applying principles of accounting to analyze financial information and prepare entries to accounts such as general ledger accounts and documenting business transactions. Analyze financial information detailing commodity revenue/ expense and related assets/ liabilities.

Job Responsibilities

• Perform daily/monthly settlements of physical commodity transactions, including standard and non-standard (structured) contracts, with emphasis on gas, oil fuel, emissions and renewable transactions with assigned counterparties.
• Actualize gas, oil, emission, and renewable transaction volumes and reconcile to market operator and registry administrator records.
• Interact daily with scheduling, deal capture, legal, trading, commercial managers, plant managers, business managers and IT as applicable to ensure deals and/or contractual terms are captured and recorded accurately in trading system and/or financials.
• Perform monthly income statement reconciliation of the Allegro Trading system to the PeopleSoft 9.1 financials to ensure accurate financials.
• Complete gross margin analysis for assigned entities to ensure accurate profit and loss presentation in the general ledger.
• Support cash management process through timely preparation and analysis of invoices, payments, and collection of revenues.
• Reconcile assigned balance sheet accounts including Accounts Receivable and Accounts Payable on a monthly basis.
• Work closely with internal and external auditors to support stand-alone financial statements from a Gross Margin perspective for special financed based projects (plants).
• Knowledge of Emission and Renewable program rules a plus. Specifically, Regional Greenhouse Gas Initiative (RGGI), Assembly Bill 32 (AB32) and various state renewable portfolio standard rules.
• Knowledge of PeopleSoft 9.1 accounting software system beneficial.
• Experience with Allegro Trading System preferred but not required.
• Ability to work overtime when necessary in order to meet monthly close or project deadlines.
• Solid working accounting knowledge; works independently on problems with moderate complexity.

Job Requirements 

Job Scope & Span of Control

• Solid, working accounting knowledge.
• Experienced professional with full understanding of job, company and industry practices.
• Performs in fully-functioning capacity, with independent contributor capacity.

Decision Making & Impact

• Makes decisions regarding own work, sometimes in ambiguous situations; makes recommendations regarding own function/discipline.
• Solves operational problems and associated technical issues; modifies existing tools, techniques or processes.

Work Complexity & Independent Judgment

• Works on problems of more advanced complexity.
• Uses independent judgment within defined policies and practices.
• Interprets guidelines, select methods, techniques and analytical approach.

Self-management & Leadership

• Little instruction on day-to-day work, general instructions on new assignments.
• Begins to provide leadership through self-review of process and controls to identify improvements.

Communication & Influence

• Information sharing – gives and receives information such as options, technical direction, instruction and reporting results with others within the group.
• Resource integrator –builds professional networks and identifies and connects resources to achieve goals.

Education & Experience

• Bachelor’s Degree in Business or Accounting.
• Requires 2-6 years’ experience in related field, CPA preferred.
• Industry experienced preferred.

Additional Calpine Information:   

• Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
• Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to [email protected]. Determination on requests for reasonable accommodation are made on case-by-case basis.

Please view Equal Employment Opportunity Posters provided by OFCCP here