Senior Accountant Derivatives at Calpine

Calpine Corporation is Americas largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27000 megawatts of generation capacity. 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 addition its renewable geothermal plants use steam generated deep below the earths surface to produce clean renewable electricity.Job Summary (includes but not limited to the following other duties maybe assigned)The successful candidate will be a key contributor within the Derivative Accounting team reporting to the Manager Derivatives Accounting. This position will work closely with other members of the broader CAO organization as well as with various trade floor functions such as Front Office Deal Clearing Contract Management and Risk Management. Job requirements include but are not limited to the following:Job ResponsibilitiesPrepare monthly journal entries and hedge accounting journal entries ensuring clerical accuracy and appropriate support documentation.Assist with meeting monthly close deadlines and related reporting deliverables as assigned including quarterly and year-end financial disclosures and internal management reporting consumed by the executive management team.Assist in various technical accounting research and related system implementation including contract accounting review and elective accounting model application.Prepare monthly financial statement and risk system forward book analysis including analysis of market area variances (price/volume and trend analysis) and other internal reporting metrics.Prepare compliance and support documentation for internal control and review purposes including SOX 404 compliance requirements.Reconcile general ledger accounts.Identify process enhancements with a mind toward continuous improvement; assist with the implementation of such improvements.Document job processes and procedures as required based upon changes in business processes commercial transaction life cycles etc.Support the team through proactive initiative and assistance to optimize efforts across team members.Prepare other ad-hoc reports/schedules as required.Job RequirementsBachelors degree in accounting is required3 - 4 years experience in a relevant accounting or finance role is preferredCPA designation is a plus but not required.Computer skills including but not limited to Excel Word or equivalents (advanced Excel skills will be applied including the ability to write complex formulas)Peoplesoft experience is preferred but not required.Must have excellent oral and written communication skills.Ability to work in a fast-paced environment as a self-starting independent contributor and problem solver under limited supervision.Ability to manage multiple assignments on a timely basis with a high degree of accuracy and self-administrationAbility to work overtime during peak accounting close periods to meet deadlines (month-end and quarter-end)Additional Calpine InformationEqual 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 . Determination on requests for reasonable accommodation are made on case-by-case basis.Please view Equal Employment Opportunity Posters provided by OFCCP hereRequired Experience:Senior IC Key Skills General Ledger Reconciliation,Accounting Software,Account Analysis,GAAP,Journal Entries,QuickBooks,General Ledger Accounting,Accounting,Account Reconciliation,SOX,Microsoft Dynamics GP,NetSuite Employment Type : Full-Time Experience: years Vacancy: 1