Industry: Energy & Utilities•
8 - 10 years
Posted 49 days ago
Primary Job Duties and Responsibilities (Essential Job Function) Recommends, implements and monitors the effective operation of policies, procedures and controls of the property accounting and reporting functions.
Manages the PowerPlant property accounting system to accumulate construction and retirement project cost data, to maintain continuing property records and to assure data integrity; assures that PowerPlant detail records reconcile to Oracle general ledger balances; and identifies system problems to be addressed and enhancements to make the system more productive and useful.
Assures compliance with the FERC Uniform System of Accounts and Generally Accepted Accounting Principles with respect to property accounting procedures and controls, including determinations of whether certain expenditures can be capitalized for subsequent inclusion in rate base.
Designs, manages the preparation and assures the accuracy of system-generated and manually prepared property accounting-related reports for use within the department and for external recipients, including schedules for the annual Form 2 and quarterly 3Q filings for the FERC and for other governmental requirements.
Provides detailed schedules to regulatory to support rate base, depreciation expense, asset retirement obligations and negative salvage calculations in general rate case filings. Provides periodic updates and detailed responses to related FERC staff and intervener data requests.
Provides vital property and related depreciation data to the income and property tax groups to support their compliance requirements; replacement cost estimates to the insurance function for coverage amounts and related premium costs; and detailed plant and depreciation data to financial planning for budgeting and forecasting needs.
Manages a net book value determination process that provides net book values and periodic updates to marketing and others as a required component in the asset sale and disposition process.
Collaborates with Operations to have physical inventories of fixed plant assets at various locations to assure the existence of recorded assets, identify unrecorded assets and enhance the descriptive information for those assets to improve the accuracy and usefulness of the continuing property records.
Performs administrative activities necessary for the effective management of the department, including employee safety, selection and development of employees, salary administration, budget administration, employee counseling and motivation, organization goals and objectives, and planning, organizing, integrating, measuring and reporting the work performed within the department.
Manages and assures accuracy of asset retirement obligation (ARO) and negative salvage calculations in compliance with GAAP (Statement of Financial Accounting Standards No. 143) and FERC requirements.
Performs any additionalresponsibilities as requested or assigned.
Bachelor’s degree in accounting, business administration or related field; or equivalent work experience. (Typically six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor’s degree.)
Advanced degree and public accounting background preferred. CPApreferred.
Eight or more years of related accounting experience, including three years supervisory/management responsibilities.
Accounting/finance skills to review and analyze financialreports and to interpret accounting standards, policies and procedures.
Excellent oral and written communication skills, including presentation skills.
Effective interpersonal skills and leadership abilities.
Effective analytical, problem-solving and decision-making skills.
Project management skills; ability to prioritize and handle multiple issues and projects concurrently.
Employees must be able to perform the essential functions of the position, with or without an accommodation.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.