Product Control Manager

• Company

  Macquarie

• Location

  Houston, TX

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  Jun 15, 2013

Macquarie's Financial Management Group is seeking a Product Control Manager to join our Houston team.

The Financial Management Group (FMG) provides financial, tax and treasury services to all areas of Macquarie. The group is focused on three key outcomes:

• Managing the Macquarie balance sheet and profit and loss optimally and strategically
• Adding value to Macquarie's senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
• Ensuring Macquarie continues to meet the obligations within its regulatory and compliance framework.

The Energy Markets Division (a Division of Fixed Income, Currency & Commodities) is a global business with operations across North America, Australia, Europe and Asia. The Division provides tailored risk management solutions to an international client base through over-the-counter derivatives and physical commodities. Products traded include crude and oil products, distillates, fuel oils, natural gas, electricity and coal.

Macquarie Energy LLC is an energy trading and marketing company based in Houston servicing North America's largest natural gas and electricity producers, utilities, industrial users, and other large wholesale energy sector participants. Macquarie Energy specializes in providing natural gas and electricity supply, storage and transportation services, hedging solutions and structured transactions for customers.

Energy Markets Finance (part of FMG) is responsible for the product control, finance and accounting support for the global Energy Markets Division.

PURPOSE OF ROLE

The Energy Markets Division has an opportunity for a Product Control Manager to join the team in Houston. This position will work extensively with other members of the broader global FICC Finance team, as well as work directly with other various trading support functions.

This role will be a key participant in expanding the capabilities and responsibilities of our Energy Markets Finance team.

You will be responsible for:

• Review daily P&L report and associated reconciliations
• Assist with the month-end close and ongoing monitoring of the daily global energy P&L processes for 10+ legal entities
• Assist with meeting monthly close deadlines, including balance sheet controls, and various other internal/external reporting requirements
• Prepare journal entries ensuring clerical accuracy and appropriate support documentation
• Reconcile general ledger accounts with daily review of the daily P&L report
• Ensure compliance with all Macquarie financial policies and processes
• Assist in the continued development of finance policies and procedures
• Prepare compliance and support documentation for internal control and review purposes
• Document job processes and procedures, including identification of process enhancements and improvements
• Prepare other ad-hoc reports/schedules
• Review forward book ensuring proper derivative accounting standards are followed
• Work with the trading organization and management to help communicate variances in the daily general ledger from the reported daily P&L.
• Facilitate discussions across the various reporting businesses to ensure consistency is applied across all of the businesses.

To be successful in this role you will have:

• Strong accounting background, with previous experience in a commodity trading environment highly beneficial
• Strong attention to detail
• Desire to follow tasks through to completion and has a high sense of urgency
• High level of energy, commitment and flexibility
• Ability to work and contribute as part of a team
• Ability to develop relationships with multiple stakeholders including traders, marketers, risk & IT professionals and business managers
• Knowledge of US GAAP, knowledge of IAS/IFRS is also desirable

QUALIFICATIONS & BACKGROUND

• Minimum Bachelor's degree in Accounting or Finance, MBA or other post-graduate degree is preferred
• CPA designation is strongly preferred, active pursuit of licensing is required
• Minimum of 5 years relevant work experience is required, Big 4 experience and/or wholesale energy industry experience is desirable
• Knowledge of the energy industry, specifically the power and/or natural gas markets is desirable
• Familiarity with commodity financial instruments, such as futures, swaps and options, as well as basic valuation methodologies is desirable
• Computer skills including, but not limited to, Excel, ACCESS, Word or equivalents
• Peoplesoft experience is preferred, but not required

Macquarie is an equal opportunity employer (M/F/D/V).