General Accounting Associate II - Commodity

General Accounting Associate II•Commodity Sempra Services Corporation Houston, TX Job Details $75,000•$118,000 a year 5 hours ago Qualifications Statistics Financial forecasting Preparation of internal financial performance reports Data analysis reporting Balance sheet Financial statement analysis Accurate transaction records management Financial records management Industry knowledge of financial regulations Financial statement interpretation Financial performance measurement Regulatory compliance analysis Financial forecasting analysis Legal compliance Full Job Description Primary Purpose Handles moderately complex accounting activities and prepares routine financial reports. Contributes to reliable financial data that informs departmental and organizational decisions. The position is part of a collaborative accounting team supporting commodity and derivative activities across energy markets, including natural gas, and other related products. The team works closely with cross-functional partners, including Risk, Commercial, and Operations. The environment offers exposure to evolving processes, market dynamics, and technical accounting topics. Duties and Responsibilities Assists with accounting and reporting for commodity transactions and derivative instruments, including gathering data for contract terms, valuation support, settlement activity, and mark-to-market processes Prepares journal entries, account reconciliations, and supports month-end close activities related to trading and commodity operations Assists in the preparation of financial reports and supporting schedules for internal and external reporting. Helps track and summarize physical and financial transactions to support financial reporting Provides support for audit activities by gathering documentation and assisting with auditor requests Prepares journal entries for inventory valuation and cost of goods sold and completes review checklists. Reviews differences between expected and actual results, identifies key reasons for those differences, and shares meaningful observations. Creates and reviews key financial reports, such as summaries of income, assets, and cash movement, and explains what the numbers mean. Carefully checks financial records to ensure they match actual transactions, and looks into any inconsistencies to make sure everything lines up. Prepares required paperwork, answers questions from reviewers or inspectors, and ensures all work follows company rules, professional standards, and legal requirements. Performs other duties as assigned

Requirements:

Required Qualifications Education Required:

Typically requires a 4 year degree in a relevant field, or equivalent combination of relevant education and experience.

Experience Required:

Typically requires 2 years of related experience.

Knowledge, Skills and Abilities Required:

Financial Accounting•The process of recording, summarizing and reporting a company's business transactions through financial statements.

Required:

General Ledger Administration•The record-keeping system for a company's financial data, with debit and credit account records validated by a trial balance.

Required:

Financial Regulatory Reporting•Financial reporting is a standard accounting practice that uses financial statements to disclose a company's financial information and performance over a particular period, usually on an annual or quarterly basis.

Required:

Data Analysis•Measuring and managing organization data, identifying methodological best practices and conducting statistical analyses.

Required:

Regulatory Compliance•Ensuring an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes.

Required:

Account Reconciliations•Comparing sets of financial records to ensure accuracy and prevent balance sheet errors.

Required:

Financial Analysis•Analyzes the financial statements and data to provide insights about the financial performance and position of the organization over time.

Required:

Document Management•Creating, distributing, using, maintaining and disposition of recorded information maintained as evidence of business activities and transactions.

Required:

Accounting Standards•Apply financial reporting framework prescribed by the relevant governing body to ensure all transactions meet regulatory requirements.

Required:

Financial Forecasting•The ability to prepare and present financial statements and reports, such as monthly financial statements and work-in-progress reports, to stakeholders.

Preferred Qualifications Preferred:

Commodity Accounting:

understanding of accounting for commodity purchase, sale, transportation, storage/inventory, and trading related transactions

Preferred:

Derivative Accounting:

knowledge of accounting for derivative instruments, including recognition, measurement, valuation considerations, settlement accounting, financial statement presentation, and disclosure requirements

Preferred:

Experience with energy trading and risk management (ETRM) systems, such as Endur/Openlink Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.