Senior Accountant, Derivatives

As an NRG employee, we encourage you to take charge of your career and development journey. We invite you to explore exciting opportunities across our businesses. You’ll find that our dynamic work environment provides variety and challenge. Your growth is key to our ongoing success—take the lead in shaping your career development, goals and future!

Job Summary: 

Responsible for day-to-day derivative accounting activity and supporting NRG Commercial Operations.  The position also has responsibility for ASC 815 (FAS 133) compliance including commodities, foreign exchange, and interest rate transactions.

Essential Duties/Responsibilities:

• Responsible for recording month-end derivative accounting journal entries.
• Responsible for preparing monthly and quarterly reconciliations and analysis of derivative results.
• Responsible for meeting with regional accounting teams to review the impact of derivative activity.
• Responsible for ensuring all documentation requirements of ASC 815 are met on a timely, accurate basis.
• Perform derivative accounting research including writing technical accounting memos.
• Work with the Commercial Operations and Risk Management groups to proactively address the accounting implications related to new derivative transactions.
• Support derivative accounting system updates.
• Partner with other business units and/or departments to identify and facilitate business process improvements.
• Assist with tracking, analyzing and reporting all derivative transactions including the preparation of related footnotes in NRG’s SEC filings.
• Monitor the internal control environment and ensure compliance with Sarbanes Oxley Sec. 404 legislation as it relates to the work processes within the derivative accounting department.
• Assist with special projects as requested.

Working Conditions:

• Hybrid work schedule; a combination of working remotely from home and 3 days a week in the office.
• Open office environment.
• Some overtime required as special projects arise.
• Limited travel (<5% of the time)

Minimum Requirements:

• Bachelor’s degree in accounting with at least two years of experience in general financial accounting and reporting.
• Demonstrated ability to communicate with all levels of internal and external customers.
• Ability to work independently in team-oriented culture in a fast-paced environment.
• Proficient with Microsoft Office applications.

Preferred Qualifications:

• Experience with complex accounting issues, derivative accounting, or technical accounting is preferred. 
• Experience with SAP or similar ERP system is a plus.
• Knowledge of Aligne/Zai*net or similar trading system is a plus.
• Prior experience in the energy industry or similar commodity-based business a plus but not required.
• CPA or MBA a plus.

Additional Knowledge, Skills and Abilities:

• N/A

Physical Requirements:

• N/A

Why NRG is a great place to work:

• Great company culture!! Voted as a BEST employer by Forbes
• A competitive total compensation package, including annual incentive and/or commission
• Stock Purchase Plan 
• Benefits on the first day of employment - Medical, Dental, Vision, Life Insurance, and Short Term Disability, Wellness program, etc.   
• Company-paid life insurance and disability insurance
• 401 (k) plan to help save for retirement
• Generous Flexible FTO plan, where you take the time you need; also includes 11 company holidays, and 1 floating holiday
• Numerous discounts, including electricity discounts on NRG brands

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** No Outside Recruiters or Agencies **

NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills. Official description on file with Talent.