Arizona Public Service

Accounting Consultant - Revenue & Regulatory Accounting

Arizona Public Service$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • BS degree in accounting, finance or related field
  • 5+ years of experience, including 2 years in electric-utility environment strongly preferred
  • MBA, MS in Accounting or CPA certification preferred
  • Thorough knowledge of GAAP, FERC and ACC regulatory requirements
  • Strong analytical, research, and problem-solving skills

Responsibilities

  • Prepare timely and accurate complex financial reports and participant billings
  • Analyze and reconcile complex accounts and reports while maintaining financial systems
  • Conduct complex economic studies to evaluate business proposals and alternatives
  • Model financial activities to forecast corporate financial targets
  • Support regulatory and competitive strategies and analyses
  • Contribute to the development of accounting policies and FERC regulations

Benefits

  • Hybrid work model promotes balance between remote and in-office collaboration
  • Opportunity to expand knowledge in regulatory accounting and compliance
  • Network with regulatory experts and professionals outside the organization
  • Collaborative work environment with cross-functional teams
Full Job Description
Summary

The Accountant Consultant for the Revenue & Regulatory Accounting Team is primarily responsible for managing the accounting, reporting and regulatory compliance related to revenue and regulatory matters. This role will primarily support ACC and FERC regulatory matters including ACC Retail Rate Cases, ACC Ratemaking Policies and Formula Rates, as well as other regulatory adjustor mechanisms, revenue recognition, jurisdictional financials and compliance filing matters. The candidate selected for this role will have the opportunity to expand their knowledge and expertise in the ever-changing regulatory environment, including regulation (ACC and FERC), rate cases, formula rates, adjustor mechanisms, testimony preparation, and much more. This role will serve as an F&A liaison across the organization and partner with stakeholders throughout the company in scenario analysis, strategy, decision-making, alignment and communication in a wide range of regulatory matters. There is also opportunity to network with regulatory experts and professionals outside the organization.

Minimum Requirements

  • BS degree in accounting, finance or related field
  • PLUS five (5) years of experience (2 years preferred within an electric-utility environment) or an equivalent combination of education and experience.
  • MBA, MS in Accounting or CPA certification preferred.
  • Thorough knowledge of accounting theory (GAAP), FERC and ACC requirements, and working knowledge of accounting and related systems.
  • Strong analytical, research and problem solving skills and ability to communicate effectively with Executive management.
  • Must possess a broad business perspective, problem solving skills, strong interpersonal, communication and consulting skills.


Desired Skills for this Position
  • Strong analytical skills to interpret complex regulations and financial data.
  • Attention to detail for accurate reporting and compliance.
  • Proficiency in financial modeling, forecasting, and data analysis.
  • Excellent communication and collaboration abilities to work with cross-functional teams.
  • Understanding of regulatory frameworks, such as FERC (Federal Energy Regulatory Commission) rules for utilities.
  • Knowledge of industry-specific regulations.


Major Accountabilities

1) Prepares a variety of accurate and timely financial reports that are highly complex, participant billings, rate case studies and responds to information requests.

2) Analyzes and reconciles a variety of accounts and reports that are highly complex, and maintains financial reporting systems.

3) Perform a variety of highly complex economic studies to evaluate a range of standard business issues, proposals and alternatives.

4) Models financial activity to produce a variety of highly complex corporate financial targets and forecasts.

5) Supports regulatory and competitive strategies, analysis and findings.

6) Contributes to the development of department policies and procedures, accounting manuals and FERC regulations.

Hybrid: Employees in hybrid roles work both in their home offices (virtually) and alongside their colleagues (in person).

In order for employees to build strong relationships and to promote meaningful in-person interactions, hybrid employees are expected to work about 40% of their time in-person at an APS or other (non-home office) location.

*Employees are expected to reside in Arizona (or New Mexico for Four Corners-based employees).

*Working from a home office requires adequate technology and an appropriate ergonomic set up.

*Role types are subject to change based on business need.

About Arizona Public Service

Arizona Public Service (APS) is the largest electric utility in Arizona, serving more than 1.2 million customers across the state. The company was founded in 1886 and is headquartered in Phoenix, Arizona. APS is a subsidiary of Pinnacle West Capital Corporation, a publicly traded company on the New York Stock Exchange. APS generates and distributes electricity to customers in Arizona, and also provides energy efficiency programs and renewable energy options. The company has a diverse portfolio of power generation resources, including natural gas, nuclear, and renewable energy sources like solar and wind. APS is committed to sustainability and has set a goal to provide 100% clean energy to customers by 2050.
Learn more about Arizona Public Service
Size
6,500 employees
Industry
Founded
1981

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