Business Controller

About US (GEMS)

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,300 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our +120,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 expertise:

• Asset management
• Energy transition services
• Energy supply & global commodities
• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEM Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context

The GEMS Finance division is hiring a Business Controller who will work on the perimeter of the Business Platform “Downstream” in France. He will join a bi-localized team - the FinOps Downstream team – composed today of seven Business Controllers (four in Paris, three in Brussels) covering the Group’s supply activities in France, Belgium and the Netherlands.

The Finance and Operations (FinOps) “Downstream” team has the responsibility to monitor the P&L of the “Downstream” Business Platform – part of GEMS entity – and ensure a correct reporting (IFRS and local GAAP) of its results.

The Downstream Business Platform’s role is to guarantee the physical sourcing in gas and electricity of ENGIE’s supply entities, BtC and BtB.

The opened position covers the full aspects of the Downstream activity for the supply businesses, namely:

• Sourcing of gas and electricity quantities to be supplied to BtC and BtB customers
• Hedging of volume and price risks embedded in ENGIE’s customer portfolio
• Purchase and reinvoice of gas and power transport capacities to the supply entities
• Purchase of certificates (Guaranty of Origin, Guaranty of Capacity…) for the supply entities

The role of the Controller is twofold:

• A role of “Middle-Officer”, focused on the daily monitoring of P&L and Cash Flows generated by the Front Office
• A role of “Business Controller”, focused on the monthly financial closures and budget exercises

Role

You will be involved in the P&L monitoring of the Business Platform Downstream :

• Follow and validate on a daily basis the economic P&L with the Front-Office, report and explain the variations observed
• Have recurrent exchanges with Front-Office teams to ensure a sound understanding of portfolio structures, modelized assets and hedging strategies
• Ensure that the reported results are compliant with accounting principles
• Support the deals’ management throughout their lifecycle: discuss deal validation rules, follow invoicing issues in collaboration with the Back-Office

Monthly closing of accounts:

• Control the accounting entries in SAP
• Control the consistency between the economic P&L and the accounting P&L: building of eco-accounting bridge and investigation of unexplained deltas

Preparation of Monthly Dashboards and Business Reviews:

• Provide timely and accurate information and business reporting
• Analysis of YTD results and Best Estimates through several Key Financial Indicators (Gross Margin, Cash Flows, WCR) with the contribution of the Front-Office

Mid-Term Planification: validation and valuation of business assumptions with supply entities and Downstream Front-Office teams

Digitalization and change management: express business needs, test and provide feedback to IS teams on the softwares developed to support our processes

To fulfill your missions, you will work in close collaboration with Front-Office teams and also have regular contacts with Back-Office, Accounting, and Risk teams. You will notably have to:

• Handle accounting topics relating to products used for market finance such as hedges, options, etc.
• Understand the energy supply chain of gas and power
• Work on a trading oriented system

Travels

The position is located in Paris.

Hard skills

You have advanced excel skills

A knowledge of “business analytics” tools such as PowerBI would be an asset

You have already an experience with SAP. Knowing consolidation softwares would be an asset

Soft Skills

You have a sense of analysis and synthesis

You are rigorous

You are proactive

You are interested in the energy sector and the commodity markets

Education and professional experience

You have a Master in Finance, Economics or equivalent degree

You have a professional experience of at least 5 years

An experience in audit or accounting (at least 2 years) would be an asset

Languages

Good written and verbal communication skills in English and French.

If you meet these requirements, then you are the talent we are looking for. Do not waste time!

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provide equal employment opportunities for all individuals.

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you.

About ENGIE

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress