National Grid

Manager, Accounting

National Grid$153K — $179K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree; Master's preferred in Accounting, Finance, or Business Administration
  • 7+ years in fixed asset accounting
  • Strong understanding of federal, state, and municipal utility regulations
  • Experience with general ledger platforms; knowledge of PowerPlan preferred
  • Proficient in MS Office, especially Excel, Word, and PowerPoint
  • Demonstrated leadership capabilities in managing a diverse team
  • Knowledge of US GAAP and Sarbanes-Oxley policies

Responsibilities

  • Lead process and system improvement across the team
  • Manage timely processing of requests from business partners
  • Identify discrepancies in submission requests from Operating Companies
  • Monitor and reconcile asset information for CWIP and RWIP
  • Conduct analysis to resolve issues affecting CWIP status
  • Coordinate with internal managers to support service level agreements
  • Supervise clerical staff and develop their professional growth

Benefits

  • Hybrid work model
  • Career advancement opportunities and pathways
  • Collaborative work environment
  • Opportunity to implement new technologies in operations
  • Leadership development for diverse workforce
Full Job Description
About the Role

The Manager, Work Order Life Cycle is responsible for managing accurate recording and reconciliation in PowerPlan and SAP of all constructing work in progress (CWIP) and retirement work in progress (RWIP) for the individual Operating Companies. Accountable for effectively facilitating the asset life cycle process from installation to retirement.

Reports to the Director, Plant Accounting and manages work orders and reconciliation of plant accounting transactions.

What You'll Do
• Lead the process and system improvement efforts within the team. This will involve planning out initiatives and coordinating with the appropriate resources to execute those plans. This will also involve leveraging the appropriate tools such as AI and bots to achieve objectives.
• Manages requests received from the business through the clerical teams SharePoint site to ensure requests are processed timely and appropriately.
• Identifies process and system improvements to continually reduce the number of requests the team receives as well improve the turn around time of requests.
• Monitors and reviews requests submitted from Operating Companies to identify discrepancies
• Manages activities across multiple Operating Companies to properly record and reconcile asset information associated with up to 100,000 construction work in progress (CWIP) orders received annually and account for the correlating retirement work in progress (RWIP).
• Monitors and reviews information submitted from Operating Companies to identify financial errors or clerical discrepancies.
• Conducts period analyses of CWIP in PowerPlan to troubleshoot errors or impediments resulting in delaying CWIP to movement to plant in service (PIS) status.
• Performs analyses around asset additions and retirements to ensure accuracy.
• Coordinates with other Managers to communicate with internal stakeholders and provide support to ensure National Grid delivers against service level agreements.
• Processes financial reconciliations and provides feedback to Process & Analytics in order to ensure accurate reporting.
• Ensures the accuracy and validity of manual entries prepared by the clerical staff for CWIP.
• Coordinate with the Manager, Process & Analytics to ensure journal entries are entered for month-end close and reporting purposes.
• Support/Supervise the clerical staff in the review of work orders and Automatic Review for Closing (ARC) errors/ utilization errors with the ability to troubleshoot errors and apply corrections.
• Supervise a culturally diverse workforce through coaching, counseling, and team building to ensure tasks are carried out in an efficient manner and individual professional growth is developed. This staff includes both analysts as well as clerical team members.
• Exercise independent judgment in managing daily operations and resolving issues while remaining accountable for all actions to next-level management.
• Ensures proper support to meet business requirements of financial and non-financial controls.
• Manages Month End close activities within PowerPlan.
• Responsible for PowerPlan table maintenance including managing system updates to PowerPlan.
• Provides capitalization guidance to the business through the capital ruling process.

What You'll Need
• Bachelor's degree, Master's Preferred in Accounting, Finance or Business Administration, minimum of 7 years of progressive work experience in a fixed asset accounting environment
• Possesses a solid understanding of federal, state and municipal utility regulations and policies
• Knowledge of general ledger platforms
• Proficient in Excel, Word, PowerPoint and other MS Office applications
• Knowledge and/or exposure to Maximo, STORMS, SAP and other work management systems
• Knowledge and/or experience using PowerPlan preferred
• Prior experience managing a team with the ability to build effective working relationships while providing support. Experience supervising represented employees a plus.
• Demonstrated ability to implement new processes, technologies, and operating models and lead a team from training to implementation
• Able to assess business issues, define the process, and develop resolutions
• Possesses above average analytical skills and organizational management skills
• Possesses good interpersonal skills and team working capabilities

Experience in:
• Capital and fixed asset accounting
• Process centric operations
• Utility industry accounting
• US GAAP policy and procedures
• Sarbanes-Oxley policy and procedures

More Information

#LI-NK1 #LI-HYBRID #LI-Fixed asset accounting

Annual Salary:

Syracuse, NY: $127,000-$149,000

Waltham, MA: $142,000-$167,000

Brooklyn, NY: $153,000-$179,000

National Grid utilizes an assessment that evaluates the job qualifications/characteristics using AI or statistically based scoring. For more information, please view NYC Local Law 144.

This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.

About National Grid

National Grid plc is a British multinational electricity and gas utility company headquartered in London, United Kingdom. Its principal activities are in the United Kingdom (where it owns and operates electricity and gas transmission networks) and in the Northeastern United States (where as well as operating transmission networks, the company is a producer and supplier of electricity and gas). National Grid has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £31.4 billion as of 23 September 2021, the 26th-largest of any company with a primary listing on the London Stock Exchange.
Learn more about National Grid
Size
23,500 employees
Market Cap
$44 billion
Industry
Net Income
$1.4 billion
5 Year Trend
+4%
Revenue
$14.7 billion

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