Job Information
Deloitte Audit & Assurance - Commodities and Energy Markets Senior in Houston, Texas
Are you a detail-oriented, inquisitive individual who enjoys coming up with solutions to client issues related to commodity transacting? We are seeking professionals who want to build off their existing audit knowledge or accounting experience within the energy and/or commodity trading and marketing industry and use such knowledge on exciting advisory projects that add great value to our clients within their finance, accounting, and operation departments. From technical accounting issues, to new standard implementations; from complex transaction support to internal controls, the leaders of our practice will help you in expanding your experience base to further develop your career. At Deloitte, we provide services using an approach designed to provide the flexibility to serve the unique circumstances and complexities of our clients. You'll gain exposure to a variety of industries, business models and financial accounting areas, helping your career growth and professional development.
Work you'll do
As a CEM Senior, you will interact with clients directly. Not only will you work independently, but you'll also collaborate with a diverse group of talented professionals. You'll use our cutting-edge tools and technology. Other responsibilities will include:
Perform commodities trading related audit procedures related to CEM clients' financial statements
Supervise assigned staff in executing the audit approach and perform a first level review of staff assigned work
Provide excellent timely client service, deliver high quality work and strengthen client relationships
Assist teams in providing technical accounting advice and in preparing detailed calculations related to commodity transactions in areas such as:
Derivatives and hedging
Consolidation
Revenue Recognition and related costs (ASC 606 and ASC 340-40)
Leases
Current Expected Credit Losses (CECL)
Business combinations
Be part of a team that assists clients with the accounting and reporting aspects of transactions including structured commodity transactions, normal purchase normal sale election, hedge accounting
Support clients in monthly, quarterly and annual middle-office and back-office close processes
Assist with drafting private and public company financial statements, in particular derivative instruments and hedge accounting presentation and disclosure matters
Assist clients in preparing for and completing audits, and liaising with the auditors particularly with respect to recognition and measurement of derivative instruments
Be part of a team that assist clients thinking through digital transformation, such as automation and analytics related to commodity transacting activities
Assist clients with commodity transacting related internal controls matter, including design, implementation, testing and remediation
Be part of a team that assists clients in assessing impact of market trends on commodity risk management strategies, accounting policies and valuation methodologies
Support growth efforts through pursuits, market research and maintaining a network of peers.
The team
Our team culture is collaborative and encourages team members to take initiative and seek on-the-job learning opportunities. Our audit professionals are committed to excellence and to enhancing the trust of the investing public and capital markets. Quality is our top priority, and by focusing on innovation, we continue to raise the bar on quality and deliver greater value to our clients. Learn more about Deloitte Audit.
Qualifications
Required
3+ years of public accounting or equivalent experience including energy or commodity trading/marketing industry experience
Bachelor's degree in accounting or related field
Must meet minimal educational requirements for CPA licensure (which may differ from the educational requirements to sit for the CPA exam) in the state of your assigned office location prior to beginning employment
Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve
Limited immigration sponsorship may be available
Preferred
Hold active US CPA in the state in which your home office will be located prior to beginning employment
Up-to-date technical knowledge of US GAAP accounting standards
Ability to perform research into technical accounting areas
Proficient in the use of Microsoft Office Suite especially Excel
Ability to explain accounting issues clearly and succinctly
Knowledge of IFRS or other international accounting standards an advantage
Prior experience around SOX and internal controls
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $60,410 to $135,070.
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
Information for applicants with a need for accommodation:
https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.
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