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Sr Manager - Middle Office

Location: 

Wyomissing, PA, US

Company:  UGI Energy Services, LLC

UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.

We are a supplier, marketer, and midstream services provider – one backed by 135 years of natural gas experience, plus our own expanding energy infrastructure. Along with buying and selling energy commodities at the wholesale level, UGIES owns and operates key electric generation and midstream natural gas assets throughout Pennsylvania.

With headquarters and supply sources near the heart of the Marcellus Shale, UGIES is well positioned to meet the changing energy demands of commercial, industrial, institutional, and government customers for years to come.

 

We offer comprehensive benefits, some of which are:

  • Paid Vacation time starts with 3 weeks off
  • 8 Paid Holidays
  • Sick time
  • Short term & Long term disability
  • Medical plan options from Aetna and Blue Cross
  • Vision coverage from Vision Benefits of America
  • Dental coverage from United Concordia
  • Extended Maternity Leave - 8 weeks pay at 100% with the option of 2 more weeks paid at 100% or 4 weeks paid at 50%
  • Paternity Leave - 2 weeks pay at 100% or 4 weeks pay at 50%
  • Company provided 401K match of 100% of the employee's 5% contribution
  • Tuition Reimbursement of 80% of tuition costs capped at $6,300 per year
  • Pet Plan Insurance

Job Summary (Purpose):

 The Sr. Manager – Middle Office will be responsible for the hedge strategy and forward pricing validation, daily P&L forecasting and monitoring compliance with the company’s Risk Management policy.

 

Duties and Responsibilities:

  • Support the supply department by taking ownership of the capacity management and peaking forecasts
  • Re-engineer the existing forecasting process to leverage automation and improve accuracy
  • Work closely with the CFO, Controller, accounting group and FP&A group during and after month-end close in the preparation and analysis of results for capacity management and peaking
  • Monitor compliance with UGI’s Corporate Risk Management policy and review effectiveness of current approach
  • Monitor compliance with operational procedures for pipelines and LDCs
  • Validate forward price curves by applying mid-point pricing methodology for all open positions (financial and physical)
  • Implement monitoring process to track open, but not confirmed deals at the end of each quarter
  • Perform NPNS analysis by performing an annual lookback analysis on deals recorded as NPNS and assess the frequency of financial settlement
  • Look for IT solutions for hedging mechanisms that are currently tracked on Excel spreadsheets

 

Knowledge, Skills and Abilities:

  • Strong financial analysis and accounting skills
  • Strong working knowledge of internal controls
  • A working knowledge of the UGI Corp. Risk Management Policy
  • Ability to work independently

 

Education and Experience Required:

  • Bachelor’s Degree in accounting or finance required, CPA or MBA preferred.
  • 8-10 years’ experience in financial analysis/accounting

UGI Energy Services, is an Equal Opportunity and Affirmative Action Employer.  The Company does not discriminate on the basis of race, color, sex, national origin, disability, age, gender identity, veteran status, or any other legally protected class in its practices.


Nearest Major Market: Reading PA

Job Segment: Medical, Risk Management, Manager, Supply, CPA, Healthcare, Finance, Management, Operations