Osaka Gas USA→
Director, Business Accounting at Osaka Gas USA in Houston, TX
Skills
Job Description
General Position Summary
The Director, Business Accounting, is responsible for leading, managing and supervising all business level financial accounting, tax, finance and transaction settlements that support activities across OGUSA and its affiliated companies, including OLIQ (OG’s subsidiary) and future new businesses. The Director, Business Accounting, also takes on a role of head of back office of OGUSA’s commodity service team (CST) who is responsible for financial derivatives executed across OGUSA and its affiliated companies. Responsible for all business level accounting of OGUSA group routine/non-routine work and collaborates with other team members, other departments, affiliated companies and OG headquarters.
Communicates with and works closely with outsourced companies and external advisers such as CPA/Tax specialists and banks to resolve issues.
Leads and manages necessary accounting and tax considerations for further company’s improvement and growth. Implements the best-practices of the industry into OGUSA.
Ensures compliance with regulatory requirements.
Essential Job Functions
Accounting
Leads, manages and supervises all accounting functions related to all OGUSA’s businesses including OLIQ and future new businesses.
Supervises closely with and provides backup support to Finance & Accounting group members for accurate completion of the day-to-day functions in the Finance & Accounting Department, subsidiaries and outsourced companies
o Oversees, monitors, coordinates and/or performs the day-to-day, week-to-week and month-to-month duties.
o Performs monthly/quarterly/year-end accounting procedures
o Manages necessary journal entries and prepares financial reports; meets reporting schedules and regulatory filing deadlines
Responsible for compliance with organizational and governmental policies and procedures
Creates and analyzes summary of financial results and provides results to management
Coordinates and manages external/internal audits
Manages budgets and forecasts for P/L, B/S and C/F
Develops and implements accounting policies, accounting methods, and procedure manuals
Performs continuous improvement/development and integration of ETRM (Allegro) and ERP (SAP Business ByDesign) systems.
Collaborates with external advisers and internal departments to resolve issues
Researches and responds to accounting inquiries from business team, supervisor or OG headquarters
Creates explanatory materials for accounting issues and reports to business team, supervisor and management, including OG headquarters
Recommends enhancements to general accounting activities for effective and efficient operations
Other duties assigned Derivatives and Settlement Functions
Acts as a head of back office function for all commodity and financial transactions performed by OGUSA businesses
Oversees settlement functions including confirmation, recording accrual, actualization and invoicing in ETRM and ERP systems as well as cash receipts and disbursements
o Coordinates with front and middle office members
o Serves as primary interface with counterparty settlement personnel
Oversees margin call procedures
Performs continuous improvement of the operation and compliance for further growth of transactions
Ensures sales tax returns accuracy including resale certificate collections and preparations
Ensures the tax hedge documentation to meet the regulatory requirements
Reports transaction details including cash-flows periodically Financial Reporting
Manages monthly/quarterly financial statements (BS/PL/CF) of all OGUSA’s businesses reports
Oversees on-time financial reporting accuracy to OG headquarters including financial data input into a consolidated accounting reporting system (DIVA)
Ensures complete, accurate, on-time financial reporting on a recurring basis Tax & Compliance Functions
Leads, manages and conducts all tax functions directly related to business
Works closely with outside accounting firms and provide backup support to Finance & Accounting group members as needed to compute taxes owed and in the preparation of tax returns, ensures payment processing and reporting or other tax requirements/regulations
Oversees bilateral APA between OG and OGUSA/OGTX Finance
Leads, manages and conducts all finance functions related to OGTX, Turbo and OLIQ
Maintains financial security by following internal controls, implementing policies and procedures
Oversees overall cash flows; creates, updates and reports overall cash flow plans and actuals periodically
Due Diligence
Supervise all due diligence studies for existing and future new businesses from business perspective.
Communicates with and works closely with businesses. Supervisory Responsibilities
Accomplishes department objectives by supervising staff and organizing and monitoring work proces
Maintains staff by recruiting, selecting, orienting, and training employees and developing personal growth opportunities
Maintains transparent communication, builds strong relationships, communicates organizational information through team meetings, one-on-one meetings, etc.
Provides useful and ongoing performance feedback, coaching, counseling, performance appraisal, and disciplinary action as needed
Completes operations by developing schedules, assigning and monitoring work, gathering resources, implementing productivity standards, resolving operations problems, maintaining reference manuals, and implementing new procedures
Physical
Typical office environment with normal office temperature and noise levels
Job may require extended sitting or standing, use of standard office equipment
Minimal lifting less than 15 lbs.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive or exhaustive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Requirements
Education
Bachelor’s degree in Accounting, Finance or other closely related fieldCPA a plus Experience15+ years accounting experience in the natural gas industry, experience in the power industry.Experience in natural gas trading business, including settlementExperience in inventory cost accountingExperience in applying Generally Accepted Accounting Principles (GAAP)Experience in developing business processes and accounting best-practices, a plusExperience with ETRM (Allegro) and ERP system (SAP Business ByDesign, a plus)Experience in preparing federal/state taxes, a plus SkillsAbility to write, read, analyze and interpret general business documents, forms and instructions in EnglishAbility to effectively deliver presentations to managers, staff and clients in EnglishProficient in Microsoft Windows, Word, Excel, and PowerPoint with the ability to design custom Excel reports as necessaryAbility to work in intercultural business environment, effectively communicates with other team members and all levels of the organizationTime management skills and ability to simultaneously coordinate multiple tasks in a deadline-oriented environment
A benefits summary can be found by clicking on the Osaka Gas USA Benefits Overview.
Do you like what you see? We encourage you to visit the Osaka Gas USA Careers Pageto learn more about working at our company.
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