Product Control Manager

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Job Summary (includes but is not limited to the following, other duties may be assigned)

This position is a key role in the Retail Financial Planning and Analysis organization with responsibility for overseeing the Calpine Retail business financial control/risk environment. Key responsibilities will include design, implementation and maintenance of a system of internal controls that will ensure that company assets ( i.e. customer relationships/counterparties, derivatives, REC inventories, etc. ) are adequately safeguarded, and that financial reporting information is prepared in compliance with all financial policies and US GAAP, as determined with corporate oversight. Additionally, the Retail Product Control Manager will be responsible for certain financial forecasting and reconciliations processes. Reporting into the Retail Risk group as a direct report to the VP of Retail Risk, this role will work closely with the Accounting, Risk, Front Office and Settlements groups to ensure both Corporate and Retail needs are met and aligned. High profile role that may depending on business needs manage a team in the future.

Job Responsibilities

- Expected to make business decisions related to implementation of department strategy, interdepartmental coordination resulting in significant impact on costs and achievement of Retail Business objectives.

- Will work closely with Retail executive management preparing and summarizing financial results and contributing to financial planning efforts as well as other projects as required.

- Keep up to date on industry developments and best practices in energy trading risk management and commodity accounting.

- Coordinate non-energy reconciliation and management among front, middle and back office of non-energy products including but not limited to Renewable Energy Credits, Capacity, and Resource Adequacy to ensure accurate financial and management reporting.

- Monitor market trends and prices to ensure accurate valuation of commodities.

- Identify opportunities that make a significant difference to the performance of multiple department functions and expected to make Retail organization-wide impact.

- Works within broad guidelines; applies advanced technical knowledge of multiple functions to solve complex problems which may have long-term impact on the business.

- Own and manage the unrealized to realized margin reconciliation process for all commodity components.

- Coordinate back, middle, and front office to ensure a timely, clean, and transparent revenue recognition process.

- Evaluate operational and business issues and make recommendations to management.

Job Requirements

- Bachelor’s Degree in Business, Accounting or Finance required, CPA or Master’s Degree preferred.

- Expert in accounting processes and controls design, implementation, and testing.

- Expert in derivative and Mark to Market accounting related to energy products.

- Complete understanding of commodity products and experience with accounting for retail energy provider operations.

- Must demonstrate in-depth knowledge of GAAP and regulatory accounting practices.

- Must demonstrate proficiency in accounting software and ETRM systems; strong proficiency in MS Office Suite (particularly in Excel).

- Must demonstrate experience with managing corporate and operational accounting and driving efficiencies.

- Strong analytical and problem-solving skills.

- Excellent communication and interpersonal skills.

- Ability to work under pressure and meet tight deadlines.

- Strong leadership and team management abilities.

- Previous experience managing teams.

- Minimum of 10+ years’ experience in finance and accounting for commodity trading or energy retail businesses.

- Experience working on a commodity or trading floor.

Salary Information - Position eligible for annual bonus.

Salary range $114,914.90 – 169,499.65

Additional Calpine Information

- Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.

- Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

Please view Equal Employment Opportunity Posters provided by OFCCP here

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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