Accounting Supervisor Crude Oil - Calgary, Canada - Enbridge

Enbridge

Verified Company

Calgary, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Posting End Date:
June 01, 2023

Employee Type:
Regular-Full time

Union/Non:
This is a non-union position

If you're looking to build a career with a successful and innovative company that shares its successes with its employees, then Enbridge is the place for you.

We are thrilled to welcome a Supervisor Crude Oil onto our Tidal Energy Marketing team The group is comprised of 4 business units: Tidal Canada

Oil & NGL's, Tidal Canada-Natural Gas, Tidal Canada Power, and Tidal US. Each business unit is accountable for the backoffice functions which involve accounting, settlements, reporting and financial controls.

What you will do:
Supervision

Work with each direct report to establish goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff
Provide training to new and existing staff as needed, advise staff on nonroutine transactions, handle other staff issues
Manage all daytoday activities of Crude Oil accountants

Management Reporting, Forecasting and Budgets

Lead the development and maintenance of Tidal's operational and financial reporting processes, which includes analysis of Tidal's strategies and market impacts on these strategies.
Detailed analytical support for Tidal Front Office
High level analysis for Corporate Financial Reporting Teams
Assist with the development and maintenance of the earnings forecasting and budget process.

Derivatives Accounting

Analyze and account for realized derivatives, normalization adjustments for realized derivatives and inventory lower of cost or net realizable value.
Prepare and analyze Normalization Adjustments for Corporate Book.
Assist in the distribution of Portfolio Hedges to individual Trading Strategies for Crude Oil and NGL.
Ensure accuracy of intercompany accounting with derivative company.

Financial and Operations accounting for Oil

Coordinate relationships between internal and external partners
Coordinate assigned Government Reports
Work with Auditors
Coordinate interface of operating subsystems to Oracle Financials

Accounting Input and Verification

Verifies and approves journal entries, AP invoices, and AR invoices into Oracle Financial system
Ensures accountants are complying to SOX processes

Financial Reporting

Preparation of the monthly Crude Oil detailed earnings report
Coordinate input to the Enbridge corporate accounting process (monthly, quarterly and yearend).

Account Analysis

Analysis and verification of revenue margins
Analysis of inventories
Analysis and reconciliation of balance sheet accounts
Other financial account analysis

Financial Controls and Processes

Support development and maintenance of effective financial controls across Tidal's finance functions.
Maintain effective working relationships with Audit Services, Corporate Internal Controls and external auditors.
Provide expert guidance on the development of Tidal's financial systems and processes, to ensure these systems and processes are well aligned with Tidal's risk and operating systems.

Project Management and Continuous Improvement

Manage the execution of special projects which increase the capabilities and efficiencies of the financial functions which support Tidal.
Support the continuous improvement process, across Tidal Finance.
Assists with development, documentation, and effective operation of financial controls
Assists with design and implementation of process and accounting system improvements

Who you are:

You have:

Large public accounting firm experience along with strong analytical abilities with a willingness to grow in new areas

You can:

Show a strong commercial focus with the ability to organize and complete projects aimed at improving financial and system processes
Perform effectively under tight time constraints managing contending priorities for both functional and project type work assignments
Lead financial projects which span the entire Tidal Energy Marketing organization and are aligned with Enbridge enterprisewide processes

You are:

An excellent written and verbal communicator with strong interpersonal skills
Able to anticipate and respond to needs of various corporate office groups to include Corporate Accounting, Enterprise Risk, Audit Services, Internal Controls, Budgets, Forecasts, and IT

The following are considered assets:

Working knowledge of oil marketing and risk systems

Working Conditions:

Dynamic working environment involving Front Office, Middle Office, and Back Office
Enbridge provides competitive workplace programs that differentiate us and offer flexibility to our team members. Enbridge's FlexWork (Hybrid Work Model) offers eligible employees the opportunity to work variable daily schedules with a flexible start and end time, to opt for a compressed workweek schedule, and the option to work from home on Wednesdays and Fridays. Role requirements determine your elig