Industry: Energy & Utilities•
5 - 7 years
Posted 184 days ago
Do you have a long-term vision for your career? Isn’t it time you joined a company that thinks the same as you do? At Koch, 90% of earnings are reinvested in the company so that we can create opportunities and long-term value for our customers, employees, and society. Our culture is defined by the Market-Based Management® philosophy which guides everyday decision making and provides employees with opportunities to contribute and personally benefit from the value they create.
Koch Energy Services, LLC (KES) and Koch Canada Energy Services, LP are natural gas supply, marketing and distribution companies with offices located in Wichita, Kansas, Houston, Texas and Calgary, Alberta and is a subsidiary of Koch Ag & Energy Solutions, LLC. KES and Koch Canada Energy Services manage approximately 2.5 BCFD of natural gas demand throughout North America. The companies lease transport and storage and actively trade across all major natural gas hubs. Koch Energy Services adds value through its expertise in market analysis, physical gas and power trading, marketing capabilities, and innovative energy solutions.
THE OPPORTUNITY: We are seeking a highly motivated and self-driven Settlement Analyst to provide execution of the natural gas settlement accounting and related analysis activities for Koch Energy Services (KES).
Settlement Analysts within Koch Energy Services are involved with business transactions and decisions and interact with a diverse group of people within accounting, information technology, trading, marketing, operations, risk, and other Koch companies. Additionally, you will gain a solid understanding of the company you support, including profit drivers, industry, competitors, and the market in which the business competes. Opportunity exists for the analyst to bring innovative ideas and solutions through automation to the team.
The Settlement Analyst is responsible for the following activities for their regional team:
Participate in daily, weekly, and monthly settlement of physical and paper trading activity (Accounts Payable/Receivable)
Coordinate with counterparties to resolve invoice reconciliation discrepancies proactively and timely with others across capabilities including scheduling and trading team to improve overall customer experience
Assure accuracy and integrity of activity recorded in general ledger
Assist with generation of invoicing statements and cash forecasting, communicating progress with settlements lead and accounting team
Work within accounting team on responsibilities during busy times with cross training, ad-hoc reporting, audit inquiries, and process improvements
Prepare regulatory filings for various government entities
Develop an understanding of the market structure and build relationships with internal and external counterparties, traders, position managers, operations and other KES capabilities
Reconcile commodity activity between facility statements and ETRM system to ensure data integrity, as well as communicating impacts to commercial and accounting teams
Understand contract details, fees, rates, and payment schedules to ensure all items for payment are captured in a timely manner
Identify, recommend, and implement process improvements around settlement and accounting processes
Be knowledgeable of and ensure compliance with trading standards and other compliance requirements
Assist with related projects and analysis
Work outside of normal business hours may be required at times
What You Will Need:
General accounting knowledge of payables, receivables and inventory
Bachelor's or Master's degree in Accounting, Finance or business-related degree OR Associates Degree in Accounting, Finance or business with 5+ years’ experience in accounting or business
Strong analytical, critical and economical thinking and problem-solving skills
Strong communication skills in a team-oriented, open work space environment
Ability to multi-task, grasp complex issues, as well as pay strict attention to details
Proficient with Microsoft Office applications including MS Excel
What Will Put You Ahead:
1+ years Commodity Settlement experience
Bachelor's or Master's degree in Accounting, Finance or Business
OpenLink Endur or similar ETRM system experience
Proven change agent and success with automation/ bot building, light IT skills