Director, Capital Asset Accounting
About The Position
The Director, Capital Asset Accounting is responsible for overall management of plant asset accounting functions, capital policy maintenance and support, plant asset-related tax deductions, nuclear plant decommissioning funding, and rate-case support for investment-related rate base and cost-of-service information. The role ensures compliance with Federal Energy Regulatory Commission, state public utility commission, Internal Revenue Service, Nuclear Regulatory Commission, Generally Accepted Accounting Principles, and company requirements. As a manager of staff, the director develops and leads a team to implement initiatives and achieve goals, including performing managerial duties. The position oversees property accounting and corporate capitalization policies, capital investment cost recovery, nuclear decommissioning funding, capital policy application, income tax depreciation and deferred tax calculations, plant asset forecasting, and capital asset processing and reporting. These functions support regulatory filings, rate proceedings, audits, forecasts, and internal business operations.
Requirements
- Bachelor's degree in Business, Finance, Accounting, or a related subject area.
- 10 or more years of accounting experience.
- 5 years of management experience.
- Strong written and oral communication skills to provide expert testimony in regulatory proceedings and communicate effectively with upper management.
- Strong leadership and interpersonal skills to manage and lead asset accounting staff and functional responsibilities.
Nice To Haves
- CPA.
- MBA or advanced degree.
- BPA knowledge.
Responsibilities
- Manage property accounting functions, including corporate capitalization policies and the development, enhancement, and maintenance of plant asset records, ensuring compliance with FERC requirements and GAAP.
- Manage the capital investment cost recovery process, including actuarial analysis, regulatory filings, and expert testimony supporting recovery levels in rate proceedings.
- Manage nuclear plant decommissioning funding, including engineering cost studies, financial and economic analyses, regulatory filings, and expert testimony in rate proceedings and decommissioning hearings.
- Oversee capital policy and its application to operating-unit work, consulting with business leaders, evaluating work against existing policy, and supporting processes that accurately capture capital costs in plant records.
- Maximize corporate income tax deductions through the computation and support of accelerated tax depreciation and deferred income taxes, ensuring compliance with tax law and regulatory requirements and providing support for rate proceedings and IRS audits.
- Manage the plant asset-related forecast process supporting earnings forecasts and regulatory filings in retail and wholesale jurisdictions.
- Manage capital asset processing and reporting for regulatory authorities, including FERC, SEC, and state commissions, as well as internal business information needs.
- Develop and lead the asset accounting staff, manage staff, implement initiatives, and achieve goals.
Benefits
- Annual Incentive Program
- Medical/Pharmacy Plan
- Dental
- Vision
- Life Insurance
- Dependent Care Flexible Spending Account
- Health Care Flexible Spending Account
- Health Savings Account (if enrolled in an eligible health plan)
- Limited-Purpose FSA (if enrolled in an eligible health plan and HSA)
- Transportation Reimbursement Account
- Short-term disability
- Long-term disability
- Employee Assistance Program
- Fitness Center Reimbursement (if enrolled in an eligible health plan)
- Tuition reimbursement
- Transit programs
- Employee recognition program
- Pension
- 401(k) plan
- Paid time off
- Holidays
- Volunteer Paid Time Off
- Parental Leave
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What This Job Offers
Job Type
Full-time
Career Level
Director
