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Technical Accounting and Derivatives Manager

Motiva Houston Full-Time
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Position Overview

This role will lead Motiva's technical accounting and derivatives accounting group. This role is key in establishing and maintaining Motiva's accounting policies under US GAAP and IFRS and providing accounting training related to Motiva's accounting policies. This role is also responsible for advanced technical accounting processes, including the accounting and financial reporting for derivatives. Further, this person will interface with various front office and commercial personnel to advise on accounting and finance matter related to new business activities and transactions.



Responsibilities

  • Provide leadership, training, vision, and direction for the Technical Accounting and Derivatives team.
  • Responsibility for monthly derivative accounting for all of Motiva.
  • Key contact for accounting due diligence and review of business development activity and significant transactions.
  • Responsibility for the Motiva Accounting Policies and Reporting Manual.
  • Advise front office and other commercial personnel on the accounting/finance implications of proposed transactions prior to contract execution.
  • On contract execution, draft/review documentation of the accounting conclusions for significant contracts.
  • Ensure new transactions/business activities are properly accounted for and integrated in the accounting close process.
  • Draft/Review whitepapers not related to execution of a contract to document significant accounting conclusions or judgements.
  • Responsible for the performance and documentation of the purchase price allocation related to an acquisition.
  • Supports management with ad hoc requests
  • Develop an accounting training regime for the broader Motiva CFO Coalition.
  • Responsibility for the implementation of new accounting standards under both IFRS and US GAAP.
  • Communication and review of conclusions with Motiva Management, Motiva's Auditor, and Motiva's Parent Company.



Special Challenges

  • Will be the Motiva subject matter expert for accounting for trading activities and derivative accounting.
  • Will be required to communicate complex accounting conclusions to a variety of stakeholders.



Required Experience and Basic Qualifications

  • Expert level knowledge in IFRS and US GAAP, with specific emphasis on derivative accounting, including Hedge Accounting, fair value determination, lease accounting, and consolidation
  • Advanced knowledge of commodity trading accounting and processes
  • Ability to communicate effectively with both internal and external stakeholders
  • 10+ years of relevant experience
  • CPA or Qualified Chartered Accountant
  • Ability to manage multiple projects and work with tight deadlines
  • Authorized to work in the United States



Preferred Qualifications

  • Big 4 Experience preferred
  • Relevant industry (refining and trading) preferred




 

Recommended skills

Financial Statements
International Financial Reporting Standards
Trading
Generally Accepted Accounting Principles
Finance
Accounting

Location

CareerBuilder Estimated Salary

Based on Job Title, Location and Skills
$140K
Below Avg. Average Above Avg.

Career Path

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Technical Accounting and Derivatives Manager
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Job ID: 1193

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