Job Description
WGL Energy - Derivative Accountant
Record and analyze transactions for financial reporting purposes in accordance with Generally Accepted Accounting Principles (GAAP) for WGEServices, our non-utility subsidiary, and other subsidiaries, as necessary. Maintain general ledger accounts through account reconciliations and analytical procedures, perform process improvements, due diligence and reporting, and work closely with the business to account for new transactions.
Tasks and Responsibilities
· Performs day to day accounting functions for WGEServices and other subsidiaries, as necessary.
· Assists in the development of workflow, systems, and process improvements.
· Participates in monthly due diligence meetings by interpreting and explaining variances from period to period, period to budget and period to forecast to report the company’s financial results.
· Performs account reconciliations in Black Line, including the review of customer account receivables for complete bad debt reserve analysis as well as perform monthly reconciliations between the AR sub-ledger to the general ledger.
· Work closely with the business to record and analyze power & gas revenue and cost accounts, including renewable energy credits
· Perform Monthly Derivatives Accounting and quarterly derivatives disclosure.
· Assist in Derivative designation of Large Commercial.
· Prepare Invoices for Gas and Power.
· Ensures compliance with Sarbanes-Oxley requirements, and any remedial actions, as necessary.
· Maintains strong communication with the operational team. Interprets findings to report impact on the balance sheet and income statement accounts and communicates the rest of the team.
Qualifications, Skills and Abilities
• Bachelor's Degree in Accounting, Finance, or related business discipline required
• 3+ Years of business experience required
• CPA or equivalent experience/certification preferred
• General knowledge of GAAP and SEC regulations and filing requirements; Energy industry experience preferred
• Working knowledge of PeopleSoft Financial modules (e.g., General Ledger, Fixed Assets, Projects) and Black Line or other financial systems
• Willing to learn new systems and processes necessary for strong job performance
• Ability to utilize appropriate operating systems and software applications to access data and generate reports to include Windows, Microsoft Office including Advanced Excel, and Access. Ability to analyze and interpret data and to identify relevant issues in solving business problems.
• Ability to meet numerous internal and external deadlines often under tight time constraints
• Ability to write and present diverse ideas in a logical and concise manner.
• Ability to establish rapport and effective working relationships with business partners, supervisors, and peers.
We offer a competitive salary range of $72,000 to $99,375 per year, commensurate with experience, education, and skills. In addition, we provide a comprehensive benefits package including health insurance, retirement plans, and paid time off.
Why work at AltaGas?
AltaGas is a North American energy infrastructure company with a focus on owning and operating assets that provide clean and affordable energy to our customers. AltaGas assets include Washington Gas/WGL, SEMCO, and Petrogas. Our talented team, nearly 3,000 strong, leverages the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions – from the well sites of upstream producers to the doorsteps of homes and businesses to new markets around the world.
We deliver clean and affordable natural gas to approximately 1.7 million customers’ homes and businesses through regulated natural gas distribution utilities across four jurisdictions in the United States and two regulated natural gas storage utilities in the United States. Learn more about our team, vision, and strategy.
To learn more about our mission: https://www.youtube.com/watch?v=hvYAAg21IuU
For Canadian hires: AltaGas hires personnel on the basis of job-related qualifications. All qualified applicants will receive consideration without regard to a person's ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, record of offences, marital status, family status or disability or any other characteristic protected by applicable law.
For U.S. hires: U.S. affiliates of AltaGas are committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, ethnicity, religion, gender, age, national origin, marital status, sexual orientation, gender identity, family responsibilities, matriculation, physical or mental disabilities, political affiliation, genetic information, status as a protected veteran or any other characteristic protected by federal, state, or local law.
Top Skills
What We Do
We are a leading North American infrastructure company connecting customers and markets to affordable and reliable sources of energy.
Every day, we leverage the strength of our people and our assets to connect our customers with premier energy solutions – from the well sites of upstream producers, to the doorsteps of homes and businesses, to markets around the world.
With a strong portfolio of assets in some of the fastest growing energy markets, including a prominent position in the Montney basin and Utilities in key U.S. jurisdictions, we are developing an integrated footprint capable of delivering sustained value to shareholders and customers for many years to come.
