Trading Accounting Manager

Job description

Join ENGIE Mexico and be a protagonist in the energy transition
We, the 98,000 collaborators of ENGIE, are present on every continent.

We rely on our unique integrated model to accelerate growth in renewable energies, develop flexible assets, operate gas and electricity infrastructures, and support the decarbonization of our clients.

In Mexico, we have 27 years of experience, and our four Business Units allow us to supply more than 3.5 million people, generating over 20,000 direct and indirect jobs.

At ENGIE, every talent has a role to play in accelerating the energy transition.

Make a difference and enjoy a fulfilling professional experience.

Take on exciting challenges and build a career path that reflects who you are.
Position Mission:
Responsible for leading the Middle Office function across gas and power trading activities, with a focus on hedging operations and commodities controls.

Accountable for the oversight of physical position management and comprehensive P&L reporting, while designing and implementing robust internal control frameworks to ensure data integrity and mitigate operational and financial risks.

Key responsibilities include the strategic coordination and optimization of economic and accounting hedge programs, ensuring full alignment with the Group guidelines and international financial reporting standards (IFRS 9, NIF C-10, US GAAP); and assure strategic conduit between key functions, including Treasury, Risk Management, Accounting, and Controlling, facilitating effective communication and alignment of objectives.

Your Impact:
As Trading Accounting Manager, you will have the opportunity to contribute directly to our mission by performing the following key functions:

• Trading P&L management: Prepare, validate, and explain daily and monthly P&L variances, breaking down the impact of price, basis, volume, and FX movements.
  
  
• Design and implementation of cross-functional controls: Establish policies, procedures, and checklists to ensure accuracy in accounting entries and consistency in financial reporting.
  
  
• Independent valuation: Validate forward prices, energy curves, and derivative valuation models, ensuring independence from the trading function.
  
  
• Balance sheet consistency: Manage the interactions with accounting in GBS and at group level to ensure consistency over time of balance sheet of the legal entities of S&EM, including trading.
  
  
• FX strategy optimization: Identify net USD/MXN exposure, assess forwards and swaps, and propose natural hedging schemes.
  
  
• Responsible for overseeing internal controls from S&EM business side, ensuring full compliance with applicable policies and regulations.
  
  Actively develops and implements enhancements to strengthen control frameworks, guaranteeing the accurate and timely reflection of trading activities in the financial statements of the companies and Group reporting.
  
  
• Cross-functional coordination: Collaborate with trading, treasury, risk, and accounting teams to ensure the accurate valuation and documentation of derivative financial instruments, by developing and implementing mechanisms that incorporate credit and liquidity risk calculations, thereby preventing inefficiencies.
  
  
• Ensures hedge effectiveness by applying quantitative testing methods to confirm alignment between hedging instruments and underlying exposures, in compliance with IFRS 9.
  
  Maintains robust processes to monitor and document hedge performance, ensuring ongoing financial accuracy and regulatory adherence.
  
  

Requirements:
To join our team as Trading Accounting Manager, we are looking for:

• Education and Experience: Bachelor's degree in Finance, Economics, or Engineering, ideally supplemented by a specialization or postgraduate qualification.
  
  
• Technical Skills:
• In-depth knowledge of the natural gas, power, and commodities markets, including trading dynamics and regulatory frameworks.
  
  
• Advanced understanding of financial derivatives and hedge accounting, with practical experience in structuring and documenting hedge relationships.
  
  
• Strong expertise in financial reporting and risk standards, including IFRS 9, NIF C-10, and US GAAP, with the ability to interpret and apply complex accounting principles.
  
  
• Proficient in digital tools and data analytics, including advanced Excel, Power BI, Python, and R, to support quantitative analysis, reporting automation, and decision-making processes.
  
  
• Key Competencies:
• Teamwork & Collaboration
• Communication Skills
• Critical Thinking
• Adaptability
• Problem Solving
• Business Acumen
• Trustworthy
• Digital promoter
• Languages: English

Join us and be part of the adventure of the century
Our Commitment to Diversity and Inclusion:
At ENGIE, we promote an environment where you feel free to give your best.

We value diversity and it is one of our priorities.

We are committed to offering equal opportunities, focusing on your skills and career path.

Here, everyone is welcome, regardless of race, disability, religion, gender, sexual orientation, ethnicity, creed, age, or marital status.

If you are ready to face exciting challenges and build a career that reflects who you are, we look forward to your application

Unidad de negocio: Supply & Energy Management

División: BP MEXICO

Entidad legal: ENGIE MEX CONSULTORES, S.A. DE C.V.

Experiencia profesional: Preparado (más de 3 y menos de 15 años de experiencia)

Nivel de educación: Licenciatura

Required Skill Profession

Other General