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WGL- Sr Derivatives Accountant

AltaGas
paid time off, 401(k)
United States, D.C., Washington
1000 Maine Avenue Southwest (Show on map)
Mar 24, 2025
Job Description

Position Summary
The Senior Accountant (Derivatives) role will be responsible for derivatives related technical research, accounting, compliance, reporting and analysis.

Tasks and Responsibilities
* Review retail and wholesale contracts to determine proper accounting treatment, notably under FASB ASC Topic 815 (Derivatives and Hedging)
* Perform technical research on complex accounting issues related to derivatives and provide accounting consultation advice to business partners
* Perform research and prepare justification memos in support of accounting treatment for retail and wholesale contracts
* Conduct analysis and implement the changes needed related to new FASB derivatives guidance
* Perform monthly accounting close, including invoicing (in ePRO). recording journal entries (in PeopleSoft), and G/L account reconciliations
* Prepare monthly management reports, schedules and explanations, including monthly variance analysis of derivatives balances
* Prepare quarterly (10-Q/10-K) footnote disclosures related to Derivatives under FASB ASC Topic 815 (Derivatives and Hedging) and FASB ASC Topic 820 (Fair Value Measurement and Disclosure)
* Respond to requests for information regarding derivatives from all Business Units
* Assist with quarterly and annual external audits; provide reports as requested to External and Internal Audit
* Ensure all derivatives accounting policies and procedures are documented and maintained
* Maintain effective internal controls and ensure compliance with Internal Controls of Financial Reporting (ICFR) and risk management policies and procedures
* Completes special projects as assigned

Qualifications, Skills and Abilities
* Bachelor's Degree in Accounting or Finance or related business discipline is required
* 5+ Years of accounting experience, including at least two years in financial reporting or researching relevant accounting standards is required
* Audit/project team management experience is preferred

* Knowledge of internal accounting controls and SOX guidance
* Knowledge of FASB ASC Topics 815 (Derivatives and Hedging) and 820 (Fair Value Measurement and Disclosure) preferred

We offer a competitive salary range of $94,000 to $136,000 per year, commensurate with experience, education, and skills. In addition, we provide a comprehensive benefits package including health insurance, retirement plans, and paid time off.

The Company values diversity in its workforce and encourages United States military veterans and service members who meet the qualifications to apply

Why work at AltaGas?

AltaGasis a North American energy infrastructure company with a focus on owning and operating assets that provide clean and affordable energy to our customers. AltaGas assets include Washington Gas/WGL, SEMCO, and Petrogas. Our talented team, nearly3,000strong, leverages the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions - from the well sites of upstream producers to the doorsteps of homes and businesses to new markets around the world.

We deliver clean and affordable natural gas to approximately1.7 million customers' homes and businesses through regulated natural gas distribution utilities acrossfour jurisdictions in the United States and two regulated natural gas storage utilities in the United States. Learn more about our team, vision, and strategy.

To learn more about our mission: https://youtu.be/k1mrKDdsYW8?si=y1k3NOyHxgf4emdL

For Canadian hires: AltaGas hires personnel on the basis of job-related qualifications. All qualified applicants will receive consideration without regard to a person's ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, record of offences, marital status, family status or disability or any other characteristic protected by applicable law.

For U.S. hires: WGL/SEMCO/AltaGas offers a total rewards package that includes competitive pay, incentive bonus plans, holiday pay, 401K matching and a wide array of benefits. These benefits including medical, dental and vision coverage are designed to help you and your family stay healthy. We also have paid time off (PTO) to balance the demands of your work and personal life. Available benefits vary depending upon the specifics of the role.

U.S. affiliates of AltaGas are committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, ethnicity, religion, gender, age, national origin, marital status, sexual orientation, gender identity, family responsibilities, matriculation, physical or mental disabilities, political affiliation, genetic information, status as a protected veteran or any other characteristic protected by federal, state, or local law.

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