Director, Business Accounting

Director, Business Accounting Osaka Gas USA Houston, TX Job Details Full-time $218,000 - $218,400 a year 1 day ago Qualifications Accounting systems Spreadsheets Presentations for conferences or internal meetings Oil & gas English Windows Working in the energy & utilities sector Finance experience within energy industry Bachelor's degree

GAAP ERP

systems development Productivity software Commodities financial market experience Trade settlement Cross-functional communication Full Job Description General Position Summary The Director, Business Accounting, is responsible for leading, managing and supervising all business level financial accounting, tax, finance and transaction settlements that support activities across OGUSA and its affiliated companies, including OLIQ (OG's subsidiary) and future new businesses. The Director, Business Accounting, also takes on a role of head of back office of OGUSA's commodity service team (CST) who is responsible for financial derivatives executed across OGUSA and its affiliated companies. Responsible for all business level accounting of OGUSA group routine/non-routine work and collaborates with other team members, other departments, affiliated companies and OG headquarters. Communicates with and works closely with outsourced companies and external advisers such as CPA/Tax specialists and banks to resolve issues. Leads and manages necessary accounting and tax considerations for further company's improvement and growth. Implements the best-practices of the industry into OGUSA. Ensures compliance with regulatory requirements. Essential Job Functions Accounting Leads, manages and supervises all accounting functions related to all OGUSA's businesses including OLIQ and future new businesses. Supervises closely with and provides backup support to Finance & Accounting group members for accurate completion of the day-to-day functions in the Finance & Accounting Department, subsidiaries and outsourced companies o Oversees, monitors, coordinates and/or performs the day-to-day, week-to-week and month-to-month duties. o Performs monthly/quarterly/year-end accounting procedures o Manages necessary journal entries and prepares financial reports; meets reporting schedules and regulatory filing deadlines Responsible for compliance with organizational and governmental policies and procedures Creates and analyzes summary of financial results and provides results to management Coordinates and manages external/internal audits Manages budgets and forecasts for P/L, B/S and C/F Develops and implements accounting policies, accounting methods, and procedure manuals Performs continuous improvement/development and integration of ETRM (Allegro) and ERP (SAP Business ByDesign) systems. Collaborates with external advisers and internal departments to resolve issues Researches and responds to accounting inquiries from business team, supervisor or OG headquarters Creates explanatory materials for accounting issues and reports to business team, supervisor and management, including OG headquarters Recommends enhancements to general accounting activities for effective and efficient operations Other duties assigned Derivatives and Settlement Functions Acts as a head of back office function for all commodity and financial transactions performed by OGUSA businesses Oversees settlement functions including confirmation, recording accrual, actualization and invoicing in ETRM and ERP systems as well as cash receipts and disbursements o Coordinates with front and middle office members o Serves as primary interface with counterparty settlement personnel Oversees margin call procedures Performs continuous improvement of the operation and compliance for further growth of transactions Ensures sales tax returns accuracy including resale certificate collections and preparations Ensures the tax hedge documentation to meet the regulatory requirements Reports transaction details including cash-flows periodically Financial Reporting Manages monthly/quarterly financial statements (BS/PL/CF) of all OGUSA's businesses reports Oversees on-time financial reporting accuracy to OG headquarters including financial data input into a consolidated accounting reporting system (DIVA) Ensures complete, accurate, on-time financial reporting on a recurring basis Tax & Compliance Functions Leads, manages and conducts all tax functions directly related to business Works closely with outside accounting firms and provide backup support to Finance & Accounting group members as needed to compute taxes owed and in the preparation of tax returns, ensures payment processing and reporting or other tax requirements/regulations Oversees bilateral APA between OG and

OGUSA/OGTX

Finance Leads, manages and conducts all finance functions related to OGTX, Turbo and OLIQ Maintains financial security by following internal controls, implementing policies and procedures Oversees overall cash flows; creates, updates and reports overall cash flow plans and actuals periodically Due Diligence Supervise all due diligence studies for existing and future new businesses from business perspective. Communicates with and works closely with businesses. Supervisory Responsibilities Accomplishes department objectives by supervising staff and organizing and monitoring work proces Maintains staff by recruiting, selecting, orienting, and training employees and developing personal growth opportunities Maintains transparent communication, builds strong relationships, communicates organizational information through team meetings, one-on-one meetings, etc. Provides useful and ongoing performance feedback, coaching, counseling, performance appraisal, and disciplinary action as needed Completes operations by developing schedules, assigning and monitoring work, gathering resources, implementing productivity standards, resolving operations problems, maintaining reference manuals, and implementing new procedures Physical Typical office environment with normal office temperature and noise levels Job may require extended sitting or standing, use of standard office equipment Minimal lifting less than 15 lbs.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive or exhaustive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Requirements Requirements Education Bachelor's degree in Accounting, Finance or other closely related field CPA a plus Experience 15+ years accounting experience in the natural gas industry, experience in the power industry. Experience in natural gas trading business, including settlement Experience in inventory cost accounting Experience in applying Generally Accepted Accounting Principles (GAAP) Experience in developing business processes and accounting best-practices, a plus Experience with ETRM (Allegro) and ERP system (SAP Business ByDesign, a plus) Experience in preparing federal/state taxes, a plus Skills Ability to write, read, analyze and interpret general business documents, forms and instructions in English Ability to effectively deliver presentations to managers, staff and clients in English Proficient in Microsoft Windows, Word, Excel, and PowerPoint with the ability to design custom Excel reports as necessary Ability to work in intercultural business environment, effectively communicates with other team members and all levels of the organization Time management skills and ability to simultaneously coordinate multiple tasks in a deadline-oriented environment Benefits A benefits summary can be found by clicking on the Osaka Gas USA Benefits Overview. Do you like what you see? We encourage you to visit the Osaka Gas USA Careers Page to learn more about working at our company. Osaka Gas USA participates in the U.S. Government's E-Verify program. Please read the E-Verify Notice in English/Spanish and the Right to Work Notice in English or Spanish before proceeding with your job application.