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Job - Principal Derivative Accountant in Florida

Florida, United States
Job type
Commercial, Financial and Legal Jobs
Job Reference
Posted on
3 Oct 2016
View all Jobs from Energy_Jobline

About the Role:

Position Title: Principal Derivative Accountant

Company: NextEra Energy Power Marketing, LLC

Reports to: Director, Accounting Contract Review

Summary: NextEra is seeking to hire an accountant to perform accounting due diligence and research functions for NextEra Energy Resource's energy business activities, with a focus on derivative, lease, revenue recognition, consolidation (VIE) and valuation issues surrounding structured commodity contracts.

This individual will utilize technical accounting skills in conjunction with in-depth knowledge of the energy markets and products while analyzing complex energy transactions.

Position Description:

  • Own the accounting due diligence process for each assigned deal
  • Develop and maintain expert knowledge of derivative, lease, revenue recognition and fair value guidance and related GAAP such as consolidation (VIEs), etc.
  • Implement NextEra's existing accounting policies and draft new policies as needed
  • Read and understand structured commodity and commodity-related contracts
  • Determine the appropriate derivative and lease accounting treatment for contracts
  • Prepare and maintain written documentation of these contracts
  • Identify and communicate key provisions in contracts
  • Resolve complex accounting issues related to transactions
  • Maintain strong working relationships with front office personnel, attorneys, internal accounting personnel and internal and external auditors
  • Work with internal and external auditors
  • Manage multiple tasks and projects
  • Develop commercial knowledge of the wholesale and retail energy industry and markets
  • Prepare accounting position papers
  • Perform additional due diligence and research projects
  • Manage implementation and transition tasks related to the new revenue and lease accounting standards

Preferred Qualifications:
Minimum Qualifications - Required.
  • Undergraduate Accounting degree or Masters in Accounting
  • Licensed CPA
  • 5 years total post-undergraduate work experience
  • 4 years at an auditing / accounting firm or 4 years at an energy company, commodities company or financial institution
  • Ability to manage multiple tasks in a fast-paced, time-sensitive environment
  • Strong analytical skills for applying technical GAAP to complex transactions
  • Strong verbal and written communication skills
  • Strong process management skills
  • Ability to negotiate with internal customers
  • Strong ability to work independently and also within team environment
  • Strong self-motivation and sense of ownership and responsibility
  • Willingness and aptitude for reading and understanding complex transactions, products and commercial drivers
  • Willingness and aptitude for working with technical accounting guidance

Required Qualifications:
Certified Public Accountant (CPA):Yes;High School Grad / GED:Required;Bachelor's Degree:Required;Experience:3 years;

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