Director, Commodity Accounting
About The Position
The Director, Commodity Accounting is responsible for leading all accounting activities related to complex physical and financial commodity transactions. This role requires the ability to read, interpret, and determine appropriate accounting treatment for sophisticated and often non-standard trading contracts and structures. This role ensures the accurate and timely recording of commodity and derivative transactions, compliance with U.S. GAAP, strong internal controls, and effective collaboration with commercial, risk, and finance teams. The Director will provide strategic leadership, drive process developments and/or improvements, and support the Company's growth and operational objectives within the commodities value chain. This is an on-site role.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field required
- CPA designation required
- 15+ years of progressive commodity accounting experience within the energy industry
- Minimum of 8 years of leadership experience managing accounting teams
- Extensive knowledge of U.S. GAAP and accounting principles related to energy and commodity transactions
- Experience with complex physical and financial commodity accounting
- Proven experience accounting for high-volume, structured transactions and interpreting master trading agreements to determine appropriate accounting treatment
- Strong background with intercompany activities and month-end close processes
- Experience working with ERP and commodity trading and risk management systems/ETRM required
- Strong understanding of marketing, commercial operations, and risk management concepts
- Strong leadership and team development skills
- Excellent analytical, organizational, and problem-solving abilities
- Excellent written and verbal communication skills
- Ability to manage multiple priorities and deadlines in a fast-paced environment
- Advanced proficiency with Microsoft Excel and financial reporting systems
- Strong attention to detail and commitment to accuracy
- Ability to build effective relationships across accounting, commercial, operations, and executive leadership teams
Nice To Haves
- Master's degree in Accounting, Finance, or Business Administration preferred
- Prior experience with a global physical and financial commodities trading organization (merchant trading house, physical marketer, or major commodity trading desk) strongly preferred
Responsibilities
- Lead the commodity and derivatives accounting and reporting function for LNG, natural gas, crude oil and NGL trading and marketing activities (physical and financial)
- Oversee month-end, quarter-end, and year-end close processes related to commodity and derivatives accounting
- Ensure accurate accounting treatment for physical and financial transactions
- Read, interpret, and determine appropriate accounting treatment for complex and non-standard contracts, including master trading agreements, structured transactions, and optionality-embedded deals
- Assess contracts for embedded derivatives, normal purchase/normal sale (NPNS) elections, and lease classification under U.S. GAAP
- Evaluate contracts in the drafting phase and provide guidance to achieve the optimal accounting outcome
- Manage accounting for derivatives, mark-to-market activities, and hedge programs, where applicable, including intercompany transactions within a complex organization structure
- Review and approve account reconciliations, journal entries, and financial analyses
- Partner with Marketing, Risk , Middle Office and Commercial teams to resolve accounting issues
- Maintain and strengthen internal controls, accounting policies, and procedures
- Support internal and external audits, including preparation of audit schedules and documentation
- Lead process improvement initiatives, system enhancements, and automation efforts
- Monitor changes in accounting standards and assess impacts on commodity accounting activities
- Develop, mentor, and manage a high-performing accounting team
- Provide financial insights and reporting to senior leadership
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What This Job Offers
Job Type
Full-time
Career Level
Director
