Manager, Gross Margin Accounting - Mississauga, Canada - Just Energy

Just Energy

Verified Company

Mississauga, Canada

3 weeks ago

Posted by:

Sophia Lee

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Description

Description

Job Title:
Manager, Gross Margin Accounting and Reporting**
Location:Canada (Remote)**
Reports to:Director of Settlements**
Who is Just Energy?

What you will do:

The
Gross Margin and Reporting Manager will assist in building and maintaining a commodity accounting and reporting team as part of our settlements function, including coaching two team members (hands-on managerial approach).

This team will ensure the completeness, accuracy, and validity of all revenues and associated costs with our settlements accounting including gross margin reporting, volumetric reporting, and associated reconciliations including accruals and certain derivate positions.

With your team and reporting to the Director of Settlements, you will interface with our Risk, Commercial, and Finance teams for month end close including reporting and analysis of monthly and periodic actuals and variances, perform and/or review associated balance sheet reconciliations, and assist the Accounting, FP&A, and Treasury teams in ensuring a timely and accurate closing cycle.

You will also own the revenue reporting process and gross margin performance explanations and assist in explanations of variances against the budget in coordination with the FP&A team.

You must be a self-starter who can meet deadlines, challenge the status quo while maintaining a silent running state, and ensure the integrity of gross margin results and balance sheet reconciliations.

You will collaborate cross-functionally with the Company and report to the Director of Settlements Accounting, while building and leading a small accounting team to deliver results timely, efficiently, and accurately.

What tasks you will perform:

Maintain and enhance the design of the revenue and backoffice commodity trading process, with the Director of Settlements, Director of Accounting, and Internal Control team, to ensure compliance with Just Energy's compliance frameworks.
Monitor markets (power, gas, and green) to identify rules and changes affecting settlement results and impacts on new or existing contracts in conjunction with the settlements and accounting teams.
Tie source records to estimates and forecasts provided by other Finance and Risk teams, and lead research and explanation of settlement account differences with the Finance and Operations teams.
Reconcile and/or review accounts associated with the commodity trade floor including inventories, accruals, renewables, options, and net settlement accounts as part of the monthly closing cycle.
Perform detailed analysis utilizing information from various sources to accurately forecast monthly unbilled revenue (accounts receivables) to ensure accruals are complete and accurate as part of the monthly closing cycle.
Document detailed variance analysis related to the commodity accounts and provide explanatory analysis as part of the monthly accounting and FP&A reporting packages.
Continuously enhance existing processes to comply with regulatory changes within markets in which we operate and internal policies and practices.
Coordinate with other teams and auditors to support information requests and explanations timely.
Answer business questions and propose solutions to various levels within the organization up to the Executive Leadership Team when requested.
Provide agile leadership to a small team and ability to coach by doing with a job that will evolve over time, with the ability to interface with several teams and manage competing interests.
Partner with accounting personnel to always ensure compliance with US GAAP for journal entries.
Assist crossfunctionally within the controllership team when requested.

What experience we ask for:

We require:
A minimum of 8 years of experience, of which minimum 5 years include practice as a CPA/CA, CFA, or other substantially equivalent professional designation.
A working knowledge of Excel, including pivot tables, intermediate lookup and match functions, and formula use.
A demonstrated understanding of commodity markets including gas or power, with associated accounting, control, and finance concepts.
Experience implementing a strong controls framework, including validation of large data sets feeding into Excel files.
Experience working in or with operational accounting teams with an understanding of the revenue and cost of sales (gross margin) accounting function.
General ledger experience, including creation and review of journal entries, account reconciliations and standard controls related to these processes.
An ability to research accounts, perform and review reconciliations with limited coaching and coach others to higher performance in a positive development environment.
Strong decision making based on quantitative measurements and providing analytical and reasoning capabilities on accounting information.
A bias to listen, challenge, and learn versus assume without evidence.
A selfstarter