Accounting Specialist- Trading Finance

Capital Power; Calgary; Hybrid; CAD 80,000 - 110,000; Full time

Benefits offered by this job

Benefits package

Retirement plan

Paid time off

Career development

Job summary

Capital Power, a North American energy company, seeks an Accounting Specialist – Trading Finance to support our growing energy trading business across power, natural gas, and renewables. Hybrid role based in Canada with travel to facilities as needed.

You will manage month-end close, settlements, and data reconciliation, while partnering with Finance, Supply & Trading, and IT to optimize processes and controls.

Qualifications

• Degree in accounting, business or related field.
• Progression toward CPA or CFA designation is an asset.
• 3-5 years accounting experience, preferably in energy trading finance or risk management.
• Experience with trade accounting applications Allegro or TriplePoint ETRM; EPM like Oracle or SAP is an asset.
• Experience in accounting/settlements for wholesale and retail (load following) transactions; Excel models to reconcile large data and understand electricity markets.
• Strong MS Excel modelling and data reconciliation skills.

Responsibilities

• Supporting month-end general ledger close processes and reporting through analysis of results, reconciliations, daily reconciliation and check-out for trading transactions, entries incl. accruals.
• Coordinating data between 3rd party counterparties and internal partners (Finance, Supply and Trading, IS, Legal, Risk).
• Becoming proficient with energy trading systems (ETRM) and EPM applications.
• Supporting new business initiatives and process improvements to strengthen controls and efficiency.
• Maintaining documentation and checklists around accounting processes to CSOX standards.
• Assisting with quarter-end interim reviews and year-end audits.
• Adhering to HSE procedures and standards.

Skills

MS Office

Excel

Analytical skills

Communication

Time management

Project management

Education

Degree/diploma in accounting, business or related field

CPA/CFA designation pursued (asset)

Tools

Allegro

TriplePoint ETRM

Oracle

SAP

Job description

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!

One Permanent Full-Time Position.

We’re growing and are currently seeking an innovative and results-oriented individual to join our Supply and Trading Accounting team!

We are seeking a highly motivated Accounting Specialist to join our dynamic team at Capital Power. As an Accounting Specialist – Trading Finance, you will play a vital role in supporting our growing energy trading business by ensuring accounting results and cash flow at the transactional level accurately represent the trading activity through a combination of accounting and analytical skills, business understanding, leveraging technology, and collaboration with multiple teams and customers. The scope of the role covers power, natural gas, and/or environmental trading activities including new business initiatives and ongoing continuous process improvements. This is an exceptional opportunity to contribute to a world-class organization and make a significant impact in supporting our business.

You will contribute to our team by

• Supporting month-end general ledger close processes and reporting through analysis of results, account reconciliations, daily reconciliation and check-out process for trading transactions, preparation of entries including accruals, and settlement activities including timely counterparty invoicing, collection and payment activities.
• Applying continuously expanding industry and accounting skills and knowledge to support the growing trading activities across North America’s power, natural gas, and renewables sectors.
• Coordinating and aligning transaction details and other data between 3rd party counterparties and ISOs, and internal business partners including but not limited to Finance, Supply and Trading, Information Services, Legal, and Risk Management groups.
• Becoming proficient working with the energy trading and risk management system (ETRM), EPM system and various other applications to execute daily and monthly activities.
• Supporting new business and systems initiatives including identification, recommendations, planning, and execution of continuous process improvement projects positively impacting the effectiveness of controls, and efficiency and effectiveness of processes.
• Establishing and maintaining a strong working rapport with both internal and external parties, including accurately responding to inquiries in a timely and professional manner.
• Assisting with deliverables associated with quarter-end interim reviews and year-end audits.
• Maintaining updated documentation and checklists around the accounting processes, ensuring adherence to CSOX and other internal controls.
• Adhering to HSE procedures/rules and standards.

What you will bring to the role

Education

• Degree/diploma in accounting, business or related field.
• Progression toward a CPA or CFA designation is an asset.

Experience:

• 3-5 years of demonstrated accounting experience with preference given to those with energy trading finance or risk management, or equivalent experience.
• Previous experience with trade accounting applications such as Allegro or TriplePoint ETRM systems, and EPM applications such as Oracle or SAP is considered an asset.
• The ideal candidate will be experienced in accounting/settlements for both wholesale and retail (load following) transactions, competent in developing Excel models and tools required to reconcile large amounts of data between disparate sources and understand the wholesale electricity markets and charges.

Technical Skills

• Proficiency with MS Office suite of applications, Excel in particular.
• High attention to detail, analytical and strong problem-solving skills.
• Excellent communication skills (both written and verbal), including the ability to work effectively with others and cultivate strong relationships across functional teams.
• Excellent time management and organizational skills. Preference will be given to those with demonstrated project and/or change management skills to keep pace with our growing business.

Working Conditions:

• Hybrid Office/Work from home position, with possible travel to meet business users at Capital Power facilities or other offices.
• Overtime hours required during peak periods including weekends based on timing of deadlines.

This position will remain open until a suitable candidate is found.

To be considered for this role you must be legally eligible to work in Canada.

The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.