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Senior Technical Accounting Advisor
Shell
IT, Accounting & Finance
Houston, TX, USA
Posted on Wednesday, September 27, 2023
Texas, United States of America
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What’s the role?
You’ll be part of a 14-strong global team (based in London, Singapore, and Houston) who advise on the accounting treatment of new business proposals. You’ll work collaboratively with stakeholders across finance and the business, be interested in understanding the business and deal drivers, and have a hand in how they get implemented and reported. More specifically, your role will include:
- Supporting business growth through provision of accounting advice on new deals and input on how deals are structured and set up in trading systems
- Developing new accounting policies and guidance where needed and communicating this across the finance organisation
- Analysing complex and judgmental areas (e.g., impairments, market liquidity assessment, balance sheet presentation and derivative valuation)
- Act as the subject matter expert on IFRS derivative accounting standards and apply these to value and account for derivatives in Trading
- Support for Group led initiatives to implement new accounting standards, analysing the impact on Trading and developing practical application guidance that wider finance team can follow.
- Identify accounting risks and take proactive steps to address them, including influencing other finance teams and designing new processes and controls.
- Interim accountabilities for review of IFRS derivative accounting results, in line with SOX control requirements, specific to North American physical Crude and Products.
- Interim accountabilities for review of annual statutory derivative disclosures under GAAP.
The successful candidate will also:
- Bring a positive, proactive approach to managing and solving problems. Collaboration across the team is key, to ensure consistent advice, to learn (and share learnings) and to balance workload across the team.
- Have a genuine interest in developing a full understanding of end-to-end deal economics and how accounting outcomes might influence the returns or presentation of a deal.
- Be able to stand ground when presenting accounting recommendations. For instance, persuading auditor why one treatment is justified over another; or delivering advice that may be unpopular with business stakeholders.
What we need from you
- Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
- Bachelor’s degree required, Finance and Accounting degree preferred. CPA is a plus.
- 5 or more years finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate entities
- At least 2 or more years Derivative accounting experience, public accounting experience a plus
- Thorough knowledge of accounting standards such as financial instruments (IFRS 9 and 7), fair value (IFRS13) and leasing (IFRS16) and U.S. GAAP equivalents. But the ever-evolving nature of deals means equally important is the ability to identify key deal features and be able to research issues, apply concepts and provided clear written analysis and advise.
- Able to handle ambiguity in deal fact pattern and apply judgment as for many deals, there will not be prescriptive policies or IFRS guidance.
- Able to work across different finance teams, an ability to influence others and to make supportable and actionable recommendations – thus ensuring advice is understood and gets implemented correctly.
- Able to work with various system applications, such as MS Excel, to provide support to individuals making monthly derivative accounting entries, and to be able to use their knowledge and experience to review monthly derivative accounting journal entries.
- Able to understand how deal attributes are housed in ETRM systems, such as Endur, and then understand how that information flows into the financial results.
- Able to work comfortably in a fast-paced environment and make independent conclusions based on appropriate accounting guidance and company policies.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents. Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html
An innovative place to work
There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.
An inclusive place to work
To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.
- We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
- We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
- We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
- We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
A rewarding place to work
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
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