Accounting Specialist, Derivatives
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Job Location:
Monthly Salary:
Posted on:
10 hours ago
Vacancies:
1 Vacancy
Job Summary
A little about Capital Power
Capital Power (TSX: CPX) is dedicated toPowering Change by Changing Power. This north star guides our ambitions focus and actions as we transform our energy system. Were a growth-oriented North American energy company headquartered in Edmonton Alberta. Our team safely delivers builds and creates balanced energy solutions for customers across North America.
Our people are at the core of our journey to deliver reliable affordable and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment and we live by our North Star. With us your contributions matter we want you to be empowered to innovate collaborate and ultimately drive results. Were here to partner with you so you can learn grow and forge a career thats meaningful to you. Join us in powering North America!
Your Opportunity
One Permanent Full Time Position.
We are currently seeking an innovative and results-oriented individual to join our Supply & Trading Finance team! The Supply & Trading Finance group manages our financial results for the Supply & Trading activities of the company. We are responsible for all aspects of Supply & Trading Finance from settlements to complex accounting transactions and monthly quarterly and annual reporting of trading results. We also assist in budget & forecast cycles across the organization and consolidate forward-looking financial information for the consideration of our executive and board.
Reporting to the Lead Trading Finance as the Accounting Specialist Derivatives you are accountable for the accounting and reporting requirements pertaining to commodity trading activities including mark to market entries for our commodity and corporate derivatives. You will monitor and interpret changes in market data such as commodity prices interest rates and currency exchange rates to provide insight on the drivers behind gains or losses on derivative portfolios.
You will contribute to our team by:
- Calculating and recording accurate accounting accruals and month-end entries for corporate IR and FX derivative activities and commodity related portfolios.
- Performing reconciliations between the energy trading treasury and risk management systems to the accounting general ledger and external statements
- Preparing support for quarterly and annual disclosures in our external financial statements that pertain to Financial Instruments and Derivatives.
- Reviewing the forecasted hedge positions designating new trades and preparing hedge documentation as required
- Maintaining updated documentation around the accounting reporting and settlement processes ensuring adherence to CSOX and other controls
- Supporting any new business initiatives by assessing the new initiatives under relevant accounting standards and incorporating changes into systems and reporting processes.
- Building & maintaining strong collaborative relationships with various internal stakeholders to understand interpret and develop business analysis.
- Adhering to internal control requirements and ensure internal controls are operating effectively.
- Participating in ad hoc analysis projects as required.
What you will bring to the role:
Education:
- Post-secondary degree in finance accounting or a related field.
- Professional accounting designation.
Experience:
- 3 years of progressive accounting and financial analysis experience.
- Working knowledge of the power generation business
- Experience accounting for commodities trading activities and derivatives accounting.
- Working knowledge of corporate treasury operations is an asset.
Technical Skills:
- Strong problem-solving and analytical abilities.
- Excellent communication skills (both written and verbal) including the ability to work effectively with non-financial individuals.
- Excellent time management skills.
- Ability to foster positive internal stakeholder relationships.
- Experience with any of the following would be considered a strong asset:
- Oracle or another enterprise-grade ERP including Oracle Hyperion
- Commodity trading systems
- Microsoft Power BI
Working Conditions:
- Hybrid office/work-from-home position.
- Overtime hours required during peak periods (Quarter End/Year End) including weekends based on timing of deadlines.
Additional Details
Clearance of Credit check is required for this position.
In order to be considered for this role you must be legally eligible to work in Canada.
The successful candidate for this position will undergo an education verification reference checks and criminal record check.
Capital Power employees that refer a successful candidate for this position are eligible for a $1000 Referral Reward!
We believe that creating a culture that supports employee physical mental financial and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits retirement savings and paid time off programs. We also provide comprehensive onboarding training and programs supporting your career development.
Depending on the posting requirements relocation assistance may be available.
How To Apply and Next Steps
Capital Power only accepts resumes via online application at If you choose to submit your resume by any other means we cannot guarantee that your application will be considered for vacancies.
Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats communication support or other accessibility assistance by contacting.
Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills experience and knowledge for each position.
Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however it is our practice to contact only those individuals selected for interviews.
Required Experience:
IC
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
Capital Power is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources.
