Sydney Audit Senior Manager (Energy Sector)
Share
Job Location:
Monthly Salary:
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
We are seeking an experienced Senior Manager with strong technical accounting capability and deep sector experience across the energy industry. This role will support a diverse portfolio of clients operating across generation retail and trading markets. Youll lead complex engagements advise on high-judgement accounting matters and work closely with partners and clients on emerging issues in one of the most dynamic sectors.
Why Energy
The energy sector is one of the most dynamic and rapidly evolving industries with significant change driven by decarbonisation market reform new technologies and increasing complexity in financial reporting. This role offers continuous learning opportunities exposure to high-profile engagements and the chance to build deep expertise in an exciting and fast-moving field.
Key Responsibilities
Lead and review technical accounting assessments across a broad range of energy sector topics.
Manage audit and advisory engagements involving complex financial instruments valuations and market-linked models.
Provide guidance on accounting for renewable energy products environmental schemes and market-based instruments.
Review and interpret contracts including leases supply agreements executory contracts and derivative arrangements (including Power purchase agreements).
Oversee financial reporting implications for major energy transactions and new asset developments.
Mentor and develop junior team members and contribute to sector knowledge capture.
Collaborate with cross-functional teams including valuation tax and risk specialists.
Required Experience & Skill Set
Energy Sector Experience
Candidates must have experience in one or more of the following:
Electricity generation (coal gas renewables thermal hybrid assets).
Energy retailing customer contracts and pricing models.
Energy trading and risk management functions.
Derivative & Financial Instrument Expertise
Comfort working with a wide range of derivative products across Level 1 to Level 3 valuation hierarchy.
Strong experience with Power Purchase Agreements (PPAs) including fair value modelling and embedded derivatives.
Complex Modelling & Impairment
Experience working with complex impairment models involving external market price curves discount rates demand assumptions capacity factors etc.
Ability to challenge management modelling and external expert reports.
Environmental Products & Scheme Accounting
Knowledge of accounting treatment measurement and classification for:
o Renewable Energy Certificates / LGCs
o ACCUs and carbon units
o Other scheme-related environmental products
Understanding of how these interact with derivative inventory or intangible classifications.
Contract Interpretation & Technical Judgement
Ability to read and interpret:
o Lease agreements
o Executory contracts
o Derivatives and structured energy contracts
Capability to assess whether contracts fall within AASB 16 AASB 9 or remain executory.
General Technical Accounting Foundation
Working knowledge of core accounting areas including PPE payables provisions revenue and financial statement disclosures.
Experience writing or reviewing technical accounting papers.
Additional Information :
KPMG is a professional services firm with global outreach and deep sector experience. We work with clients across an array of industries to solve complex challenges steer change and enable growth.
Our people are what make KPMG the thriving workplace that it is and what sets us apart is that we know great minds think differently. Collaborate with a team of passionate highly skilled professionals whove got your back. Youll build relationships with unique and diverse colleagues who will provide you with the support you need to be your best and produce meaningful and impactful work in an inclusive equitable culture.
At KPMG youll take control over how you work. Were embracing a new way of working in many ways from offering flexible hours and locations to generous paid parental leave and career breaks. Our people enjoy a variety of exciting perks including retail discounts health and wellbeing initiatives learning and growth opportunities salary packaging options and more.
Diverse candidates have diverse needs. During your recruitment journey information will be provided about adjustment requests. If you require additional support before submitting your application please contact the Talent Attraction Support Team.
At KPMG every career is different and we look forward to seeing how you grow with us.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Business Development
- Electrical Engineering
- Management Experience
- HVAC
- Territory Management
- Project Management
- Quality Control
- Contract Management
- Budgeting
- Program Development
- Public Speaking
- Contracts
About Company
KPMG's Transformational Change is seeking a highly experienced and dynamic Associate Director to play a crucial role in leading the Transformational Change team as well as steering the direction of transformation projects in our Adelaide Office. This role involves leading and executin ... View more
