General Accounting Associate II - Commodity

Sempra Infrastructure•Houston, TX

About The Position

Handles moderately complex accounting activities and prepares routine financial reports. Contributes to reliable financial data that informs departmental and organizational decisions. The position is part of a collaborative accounting team supporting commodity and derivative activities across energy markets, including natural gas, and other related products. The team works closely with cross-functional partners, including Risk, Commercial, and Operations. The environment offers exposure to evolving processes, market dynamics, and technical accounting topics.

Requirements

Typically requires a 4 year degree in a relevant field, or equivalent combination of relevant education and experience.
Typically requires 2 years of related experience.
Financial Accounting - The process of recording, summarizing and reporting a company's business transactions through financial statements.
General Ledger Administration - The record-keeping system for a company's financial data, with debit and credit account records validated by a trial balance.
Financial Regulatory Reporting - Financial reporting is a standard accounting practice that uses financial statements to disclose a company's financial information and performance over a particular period, usually on an annual or quarterly basis.
Data Analysis - Measuring and managing organization data, identifying methodological best practices and conducting statistical analyses.
Regulatory Compliance - Ensuring an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes.
Account Reconciliations - Comparing sets of financial records to ensure accuracy and prevent balance sheet errors.
Financial Analysis - Analyzes the financial statements and data to provide insights about the financial performance and the financial position of the organization over time.
Document Management - Creating, distributing, using, maintaining and disposition of recorded information maintained as evidence of business activities and transactions.
Accounting Standards - Apply financial reporting framework prescribed by the relevant governing body to ensure all transactions meet regulatory requirements.
Financial Forecasting - The ability to prepare and present financial statements and reports, such as monthly financial statements and work-in-progress reports, to stakeholders.

Nice To Haves

Commodity Accounting: understanding of accounting for commodity purchase, sale, transportation, storage/inventory, and trading related transactions
Derivative Accounting: knowledge of accounting for derivative instruments, including recognition, measurement, valuation considerations, settlement accounting, financial statement presentation, and disclosure requirements
Experience with energy trading and risk management (ETRM) systems, such as Endur/Openlink

Responsibilities

Assists with accounting and reporting for commodity transactions and derivative instruments, including gathering data for contract terms, valuation support, settlement activity, and mark-to-market processes
Prepares journal entries, account reconciliations, and supports month-end close activities related to trading and commodity operations
Assists in the preparation of financial reports and supporting schedules for internal and external reporting. Helps track and summarize physical and financial transactions to support financial reporting
Provides support for audit activities by gathering documentation and assisting with auditor requests
Prepares journal entries for inventory valuation and cost of goods sold and completes review checklists.
Reviews differences between expected and actual results, identifies key reasons for those differences, and shares meaningful observations.
Creates and reviews key financial reports, such as summaries of income, assets, and cash movement, and explains what the numbers mean.
Carefully checks financial records to ensure they match actual transactions, and looks into any inconsistencies to make sure everything lines up.
Prepares required paperwork, answers questions from reviewers or inspectors, and ensures all work follows company rules, professional standards, and legal requirements.
Performs other duties as assigned