ACCOUNTANT - ENERGY SUPPLY FINANCIAL ANALYSIS - ASSOC - SR

El Paso Electric Company•El Paso, TX

11d•$62,200 - $108,176

About The Position

Under the general supervision of the Manager – Financial Analysis, Energy Supply, the Accountant is responsible for accounting and financial analysis, project creation, Capital and O&M budgeting, forecasting and reforecasting, variance analysis, and financial reporting. The position applies an auditing background to review transactions, evaluate internal controls, document findings, and coordinate corrective actions. It works with plant personnel, management, Accounting, FP&A, and Internal Audit to improve financial accuracy and support management decisions.

Requirements

Bachelor’s degree in Accounting or Finance, or an equivalent combination of related education, training, and experience.
0–5+ years of relevant experience; position level will be determined based on total years of experience.
Experience in accounting and financial analysis with a background in internal or external auditing; utility or power generation experience is preferred.
Knowledge of Generally Accepted Accounting Principles, the FERC Uniform System of Accounts, Capital-versus-O&M classification, project accounting, financial reporting, and internal control requirements.
Knowledge of auditing principles and risk-based reviews, including transaction testing, audit workpapers, control evaluation, documentation of findings, and follow-up on corrective actions.
Knowledge of project creation, budgeting, forecasting and reforecasting, variance analysis, purchase order commitments, and financial reconciliations.
Ability to organize and prioritize multiple assignments to meet budget, reporting, reforecasting, and audit deadlines.
Detail-oriented, with the ability to validate financial information, investigate discrepancies, and produce accurate, well-supported analysis.
Self-motivated, with sound judgment and the ability to work with the level of supervision appropriate to the position.
Proficient in Excel, Word, and PowerPoint.
Verbal and written communication skills to explain accounting requirements, present variance explanations and audit findings, and provide training and guidance.
Strong interpersonal skills and an approachable, people-oriented manner; ability to build relationships, collaborate, and communicate effectively with plant personnel in different roles and with Accounting, FP&A, Internal Audit, external auditors, and regulators.
Ability to maintain confidentiality, professional integrity, and objectivity when handling financial information and reporting findings.
Must be able to explain and demonstrate, with or without reasonable accommodation, that the essential functions of the job can be performed.

Nice To Haves

Experience in a utility or power generation environment.
Experience with financial and project systems and reporting tools such as Oracle, PowerPlan, Maximo, and Power BI.

Responsibilities

Coordinate, prepare, review, and analyze annual O&M budgets for Energy Supply, working with plant personnel and management to establish requirements, validate assumptions and supporting records, and complete the annual budget process.
Coordinate, prepare, review, and analyze annual Capital budgets, including project-level spending requirements, timing, supporting documentation, and changes to planned expenditures; validate alignment with approved project scope and funding.
Coordinate project creation and setup in applicable financial and project systems; review approved business cases, budgets, and supporting documentation; establish or coordinate project and work order numbers, funding structures, expenditure types, operating segments, and FERC account assignments; verify approvals and coding, and coordinate setup changes.
Prepare monthly Capital and O&M financial reports, including budget-to-actual comparisons and current financial status; reconcile reports to accounting records, investigate discrepancies, and provide accurate information to management and other Company departments.
Analyze expense variances against budgets, prior forecasts, and historical results; verify causes of material variances, document explanations and corrective actions, and assess forecast impacts.
Review financial charges for proper classification, coding, authorization, and expense treatment; perform Capital-versus-O&M analysis, identify mischarges and unsupported transactions, and coordinate corrections.
Prepare and maintain committed cost reporting by reviewing and reconciling purchase orders, commitments, invoices, actual expenditures, and remaining budget requirements; identify potential accrual needs and improve visibility into projected year-end spending.
Prepare Capital and O&M forecasts and reforecasts using actual expenditures, open commitments, remaining work, project schedules, and expected costs to complete. Prepare and update five- and ten-year expenditure forecasts with plant personnel and management, monitor project budgets and known expenditures, resolve exceptions, enter authorized changes, validate spending timing and year-end projections, document significant adjustments and planning assumptions, and provide updates to management and FP&A.
Prepare and support financial and regulatory schedules, including rate-case requests. Report costs for planned, maintenance, and forced outages and summer preparation activities for each plant; prepare the requested Plexos report projecting unit O&M costs over 20 years using the escalation factor provided by Resource Planning; coordinate planned-outage information for the same period; reconcile submissions and maintain supporting documentation.
Provide strategic financial support to Energy Supply management through ad hoc analysis, evaluation of financial alternatives, project and spending analysis, and assessment of accounting implications and financial risks.
Prepare management reports and presentations summarizing financial performance, significant variances, forecast changes, budget risks, control concerns, and matters requiring management attention.
Assist and train plant personnel, supervisors, and managers on budgeting, project setup, accounting codes, financial systems, reporting requirements, and documentation standards.
Perform risk-based financial and process audits and control reviews within Energy Supply, coordinating with Internal Audit as appropriate; examine project setup, expenditures, commitments, forecasts, and supporting records; document testing, findings, and recommendations; track corrective actions; and provide records and explanations for audits.
Recommend and implement improvements to accounting procedures, financial reporting, controls, dashboards, and workflows; maintain procedures, audit documentation, and training materials for continuity and cross-training.
Comply with Company policies, procedures, and code of ethics, as well as applicable governmental laws and regulations, including employment, safety, and environmental standards and regulations.
Perform other related tasks within the context of the defined duties.