Portland General Electric

Asset Accounting Manager

Portland General Electric$90K — $120K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in engineering, business, or related field preferred.
  • 8+ years of experience in accounting or finance management.
  • CPA certification preferred for certain roles.
  • Advanced knowledge of GAAP, regulatory accounting, and internal controls.
  • Familiarity with financial systems and utility industry regulations.

Responsibilities

  • Manage a team of accounting professionals overseeing ledger accounts and financial statements.
  • Ensure compliance with GAAP and company policies in all accounting transactions.
  • Monitor and manage team performance to meet strategic financial targets.
  • Collaborate with HR on job definitions and recruitment for the accounting team.
  • Provide analysis and consultative support on budgeting and forecasting variances.

Benefits

  • Comprehensive total rewards package for employee contributions.
  • Support for well-being and professional development.
  • Opportunities for professional growth and advancement.
  • Engagement in company emergencies and storm response activities.
Full Job Description

As Manager of our Asset Accounting group, you will play a critical role in supporting PGE’s strategic investment plans. You’ll be responsible for the accounting and controls related to the lifecycle of capital projects, such as construction, allowance for funds used during construction (AFUDC), depreciation, cost of removal, asset retirement obligations, and retirement. You’ll be responsible for accounting transactions and ensuring the integrity of internal controls and accounting records for completeness, accuracy, and compliance with generally accepted accounting principles (GAAP), regulatory accounting, and the company’s capital policy. In this role you’ll perform accounting activities that include review and approval of journal entries and reconciliations of ledger accounts and financial statements, such as balance sheets and profit and loss statements that support our SEC and FERC filings. In addition, you will plan, align, review, and supervise accounting research, application and interpretation of the capital policy, ratemaking activities (e.g. general rate cases, stand-alone ratemaking, and other filings). You’ll also be a subject matter expert that provides analysis and consulting support to the business to help understand forecasting and budgeting variances that will assist in decision-making. In this role, you will collaborate frequently with multiple departments, such as corporate planning, rates and regulatory affairs, and various utility operations departments.

Our ideal candidate is someone that is proactive about improving processes, has a collaborative mindset, and is ready to jump into leading a team to achieve strategic outcomes.

As an Asset Accounting Manager, you will:

  • Manage professionalemployeesand/or supervisors
  • Accountable for the performance and results of a team
  • Adapts departmental plans and priorities to address resource and operational challenges
  • Decisions are guided by policies, resources and business plan;receives moderate guidance from manager
  • Provides subject matter guidance toemployees, colleagues and/or customers

Key Responsibilities

Accounting/ Finance ManagementManagesteam of accounting and/or finance professionals responsible for general accounting activities, including the preparation, maintenance and reconciliation of ledger accounts and financial statements, such as balance sheets and profit-and-loss statements; provides technical management of an accounting/finance team, ensuring that agreed objectives are met and all relevant standards/procedures are followed; ensures that operational problems are identified and resolved; overseesaccounting transactions and ensures the integrity of internal controls and accounting records for completeness, accuracy and compliance with generally accepted accounting principles, company policies and regulatory accounting.

FinancialManagement

Monitors and manages expenditures, ensuring that all financialtargets are met, and examinesany areas where budgets/expenditures vary from plan; assists with the definition and operation of effectivefinancial controls and decisionmaking.

Resourcing

Oversees resourcing decisions and planning for team; partners with HR in the definition of jobs, recruitment, evaluation and selection processes.

Professional Development

Reviews organizational development needs and training strategies to determine required learning and development outcomes for the team; provides guidance in the creation of development plans; monitors ongoing progressandprovides coaching and mentoring and provides feedback; completes annual performance management reviews.

Education/Experience/Certifications

Education Requires a bachelors degree in engineering, business or other related field or equivalent experience.

ExperiencePrefer eight or moreyears in related field.

Certifications, Licenses andTrainingFor certain roles, CPA is preferred.

Competencies (Knowledge, Skills, Abilities)

Functional Competencies

  • Advanced knowledge of accounting principles and concepts, including GAAP and regulatory accounting theory and practices; working knowledge of otheraccounting disciplines,such as tax
  • Advanced knowledge of internal controls,including the requirements of SOX
  • Advanced knowledge of accounting policies and procedures
  • Advanced knowledge of related financial systems
  • Advanced knowledge of relevant utility industry operations and financial regulations

General Competencies

  • Intermediate knowledge of enterprise/business awareness
  • Advanced decision-making skills
  • Advanced written and oral communication skills
  • Advanced interpersonal skills
  • Advanced organization and prioritization skills

Leader Practices

  • Drives Results
  • Plans and Aligns
  • Decision Quality
  • Drives Engagement
  • Courage

Physical and Cognitive Demands

Cognitive Level

Substantial:Consistent use of logic or scientific thinking to define problems, collect information, establish facts and draw valid conclusions

Cognitive

  • Ability to adhere to set response times, deadlines and time-sensitive tasks
  • Ability to follow accuracy standards
  • Ability to follow through on decision-making tasks
  • Ability to interact effectively and collaboratively within a team environment
  • Ability to communicate and problem solve when under stress
  • Ability to respond and adapt to frequent change
  • Ability to accept and demonstrate self-awareness when provided constructive feedback
  • Ability to discern feedback and acknowledge ownership of areas of improvement
  • Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks
  • Ability to successfully collaborate with peers, managers and others within the organization Demonstrates sound memory
  • Ability to process new information to be applied consistently to work tasks

Schedule/Attendance

  • Ability to work long hours
  • Ability to work a variable schedule
  • Ability to report to work and perform work during periods of severe inclement weather
  • Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance

Physical Capabilities

  • Driving/travel/commute: Daily within service territory - Frequently (at least once a week or more)
  • Driving/travel/commute: Overnight inside/outside the service territory - Occasionally (one to two times a month or less)
  • Computer use (use computer regularly for entire work shift)

Environment - Indoor/Outdoor

  • Office

Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity.

PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click .

Join us today and power your potential!

Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.

To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.

About Portland General Electric

Portland General Electric Company is a vertically integrated electric utility that serves approximately 900,000 customers in the Portland/Salem metropolitan area of Oregon. The company generates, purchases, transmits, distributes, and sells electricity. PGE's service area covers approximately 4,000 square miles and includes 51 cities, 24 unincorporated communities, and six counties. The company's generating facilities include thermal, hydroelectric, and wind power plants. PGE also purchases power from other utilities and independent power producers. The company was founded in 1888 and is headquartered in Portland, Oregon.
Learn more about Portland General Electric
Size
2,839 employees
Market Cap
$4.3 billion
Industry
Net Income
$155 million
Founded
1930
5 Year Trend
+4.5%
Revenue
$2.1 billion
NASDAQ

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