Country USA City HOUSTON Workplace location HOUSTON(USA) Employer company TotalEnergies Gas & Power North America, Inc. Domain Finance Type of contract Fixed term position Experience Less than 3 years Context & Environment Fast paced trading environment requiring the jobholder to be able to work both autonomously and as part of a team. Position requires strong communication within the team, with other departments and externally. Both industry and contractual deadlines need to be respected to meet all of the company’s obligationsReconciliation of discrepancies and resolution of counterpart issues requires the jobholder to be able to seek out information necessary for problem solving. Reporting and monitoring obligations per the Dodd-Frank Act, Sarbanes-Oxley Act and to comply with other rules & regulations require diligence and attention to detail
  Activities Support the Power operations desk and Energy Data management team as the first point of contact for operational and invoicing queriesProvide support, perform reconciliations and invoicing in the daily and monthly power reconciliation process, and assist internal groups in any financial workflowProvide all necessary reports and statements supporting the physical power activities including ERCOT, CAISO and PJM marketsManage the REC confirmations and settlement process and reporting requirements through close coordination with power trading desk, Middle Office and Energy Data ManagementManage a portfolio of trading counterpartsCheck traders supply accurate deal-sheets/electronic download reports for all trades validated within our inhouse trading system, (the BOOK);Ensure that accurate trading information is represented within the trading BOOK by confirming deals with counterparts and brokers on a daily basisMonitor and verify exchange-traded positions and limitsReconcile the Company’s open trade equity to daily statements from our clearing housesMonitor and report financial OTC trades to the Dodd-Frank reporting regulators within 24 hours of their executionSend invoices to counterparts without exceeding deadlines set within the industry as well as contractuallyReconcile counterpart/pipeline invoices against the system in liaison with the Operations and Middle Office departments to resolve discrepanciesAgree with counterparts on settlements, provide timely payment instructions and cash forecast information to theTreasury team, and assist the accounting team with aged debt reporting and resolution and analyzing accruals;Monitor and apply payment terms and netting rules within the Simba and Contract Management systemsResponsible for pulling/analyzing settlement statements within the Simba SMS systemCheck and distribute all incoming/outgoing confirmations produced by the BOOK Confirmation Module or directly from third parties and record these against the BOOK using the Confirmation Module and chase all outstanding confirmations on a daily basisAnalyze confirmations and settlements of daily executed trades by checking pricing and volume adjustmentsOngoing onboarding of new Counterparts,Assist internally and externally with any Back Office related questionsParticipate in team and individual projects delegated by the Back Office Manager or Supervisor

Your mission as a Back Office Analyst will include the following:

Manage a portfolio of trading counterparts;Verify traders supply accurate deal-sheets/electronic download reports for all trades validated within our in-house trading system,(the BOOK);Ensure that accurate trading information is represented within the trading BOOK by confirming deals with counterparts and brokers on a daily basis;Monitor and verify exchange-traded positions and limits;Reconcile the Company’s open trade equity to daily statements from our clearing houses;Monitor and report financial OTC trades to the Dodd-Frank reporting regulators within 24 hours of their execution;Send invoices to counterparts without exceeding deadlines set within the industry as well as contractually;Reconcile counterpart/pipeline invoices against the system in liaison with the Operations and Middle Office departments to resolve discrepancies;Agree with counterparts on settlements, provide timely payment instructions and cash forecast information to the Treasury team, and assist the Accounting team with aged debt reporting and resolution and analyzing accruals;Monitor and apply payment terms and netting rules within the Simba and Contract Management systems;Responsible for pulling/analyzing settlement statements within the Simba SMS system;Check and distribute all confirmations produced by the BOOK Confirmation Module or directly from third-parties and record these against the BOOK using the Confirmation Module and chase all outstanding confirmations on a daily basis ;Analyze confirmations and settlements of daily executed trades by checking pricing and volume adjustmentsOngoing onboarding of new Counterparts,Assist internally and externally with any Back Office related questions;Participate in team and individual projects delegated by the Back Office Manager or Supervisor;Support team members and be available to help and mentor junior team members;Run management reports and ad-hoc analysisSupport, identify, and assist in the implementation of process and systems improvements, from system testing and implementations to desk level processesIdentify and communicate operational risk, define risk mitigating measures and priorities  

Your purpose as a Back Office Analyst is to be accountable for the following:

Accurate and timely processing of confirmations and invoicing/payments of all transactions and according totheir legal agreementsEnsuring all entries within the trading book are correct and verified against ICE/CME/NGX.Daily checks on open positions and deal transactions –brokers, exchanges & clearersAbility to spot errors in the process of trade verificationEffective communications with numerous internal and external parties Candidate Profile You are someone who possesses the following experience and credentials:Undergraduate degree in Accounting, Finance, Mathematics, Energy or business-related major2-3 years’ experience in the Gas and Power markets with a high data analysis componentUnderstanding of the North America power industryKnowledge of energy commodity markets is highly desirableAbility to work under pressure, attention to detail, innovation and change managementEffective communication skills and customer service mentality.Strong attention to detail and a high degree of accuracy are essential skills in an environment where an error canhave both financial and reputational ramificationsStrong drive to improve processes and systems is necessary alongside good IT skills (Excel/VBA/Python/PowerBI/Alteryx). You may be expected to develop new tools to secure and optimize the process and build new reportsadapted to the business evolutions.

**TotalEnergies regrets that it is unable to sponsor employment Visas or consider individuals on time-limited visa status for this position.

Additional Information TotalEnergies values diversity, promotes individual growth and offers equal opportunity careers.