An energy trading firm focused on energy transition-related themes seeks a highly motivated and detail-oriented middle office professional to support the power and natural gas trading teams. The company is small and growing quickly, focusing on power, environmental, and natural gas markets. Therefore, this role has a range of responsibilities covering both middle-office and accounting functions, and it requires flexibility to adapt to changing business conditions. It supports the team's trading and risk management functions, including trade capture, profit-and-loss reconciliation, reporting, and ledger accounting.
A background in either Accounting or the Middle Office will be considered, but the candidate must be willing to learn and perform each side of this role. The ideal candidate will have a strong understanding of the power and natural gas trading industry.
Middle Office Function:
Supports the team's trading and risk management functions, including trade capture, reconciliation, and reporting.
Ensures the fund’s profitability by providing accurate and timely information to the trading and risk management teams.
Works closely with the trading and risk management teams to identify and implement process improvements that enhance the efficiency and effectiveness of the group.
Responsible daily for accurate and timely PnL reporting to the trading and risk management teams.
Works closely with the trading and risk management teams to identify reporting requirements and develop reporting solutions that meet the team’s needs.
Understands the lifecycle of a cleared trade and has the ability to read and understand earned FCM statements
Reconciles daily trades to FCM trade details, account balance reconciliation, fee reconciliation, and management and margin reporting.
Reconciles settlements and records accounting entries to the general ledger.
Reconciles end-of-month reconciliations and records unrealized trade accruals to the general ledger.
Works with controller and middle office to ensure all differences between accounting and risk pnl are understood and minimized
Data Analytics Function (depends on the Candidate):
Analyzes data to support the team's trading and risk management functions.
Has, or is willing to acquire, a strong understanding of general data analytics and be able to use this knowledge to identify trends and patterns in trading and market data.
Over time, this role will work closely with the trading and risk management teams to develop and implement data analysis solutions that meet the team’s needs.
Educational and professional requirements include a bachelor's degree in finance, economics, or a related field; 5+ years of experience in a trading environment, preferably in power and/or natural gas in a middle office, risk control, or accounting position; strong analytical and problem-solving skills; entrepreneurial spirit; excellent attention to detail; ability to work independently and as part of a team; strong communication and interpersonal skills; proficiency in Microsoft Excel and other data analysis tools (Python and SQL is a plus); and a background in accounting is a plus.