Manager Revenue & Energy Accounting

PSEG•Newark, NJ

26d•Hybrid

About The Position

We’re one of the country’s largest energy companies, with a vision of powering a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. We’re also deeply connected to the communities we serve, with more than 13,000 employees working together to support our customers and make a difference every day. Here, you’ll have the stability and exciting opportunities that come with being a Fortune 500 company — along with a supportive, friendly work environment where your contributions are valued. We know life isn’t one-size-fits-all, and neither is work. That’s why we offer flexible work options depending on the role. In support of this model, roles have been categorized into one of three work location categories: 1. Onsite – roles where employees are expected to be onsite daily. 2. Hybrid fixed – roles that are a mix of remote work and onsite work fixed days each week 3. Hybrid flexible – roles that are a mix of remote work and onsite work, but the onsite requirements have greater flexibility. (i.e. 5-8 days a month vs. set days each week). As an employee, if you are regularly scheduled to work 20 or more hours per week, you will have access to a wide range of comprehensive benefits from day one, designed to support your total well-being: medical, dental, vision, parental leave and family leave programs, behavioral health programs, 401(k) with company match, life insurance, tuition reimbursement, and generous paid time off. More than 13,000 people already call PSEG their work home, taking pride in providing safe, reliable service to millions of customers. If you’re looking for a place where you can build a meaningful career and help power and support our communities, we’d love to welcome you to the team. PSEG is not offering visa sponsorship for this position. Position will manage the PSE&G's multi-billion revenue and energy accounting process. Responsibility of managing the monthly book closing by: implementing the appropriate accounting resulting from Regulatory Orders and new business transactions, planning staff's workload and approving their products under tight deadlines, partnering and troubleshooting with PSE&G & Service Company Departments to ensure the source documentation and computer systems' financial outputs are accurate; communicate to PSE&G's Senior Management monthly financial results under tight deadlines.

Requirements

Bachelor degree in finance or accounting plus 8 years of regulatory accounting experience
CPA or demonstrated active progress towards earning a CPA within 2 years
Strong knowledge of GAAP and underlying standards with knowledge of Regulatory Accounting (ASC 980) and Reporting a plus, including the Uniform System of Accounts and other issues relating to regulated utility companies
A combination of ten plus years in public and private accounting, including five or more years in a supervisory/managerial capacity directing a professional work group, demonstrating excellent management skills and technical acumen
Strong leadership skills and experience with creating and developing high performing teams
Excellent written and verbal communication skills, and ability to effectively articulate and present to management and others within the organization, as well as external regulatory stakeholders such as BPU staff, Rate Counsel, FERC staff, etc.
Department of Energy’s regulation 10 CFR 810 is required.

Nice To Haves

Masters Degree in finance or accounting
“Big 4” public accounting a plus

Responsibilities

Manage PSE&G's $8 billion Gross Revenue accounting process.
Manage the monthly book closing by organizing, reviewing and approving staff's work.
Understand new regulatory and business developments in order to record the transaction properly on the Company' s books
Manage PSE&G's $5 billion Energy and Gas Costs accounting process.
Manage the monthly book closing by organizing, reviewing and approving staff's work.
Understand new regulatory and business developments to record the transaction properly on the Company's books.
Manage PSE&G's $8 billion Deferral process.
Manage the monthly book closing by organizing, reviewing and approving staff's work.
BGS & BGSS.
Understand new regulatory and business developments to record the transaction properly on the Company's books.
Calculate the annual Securitization related tariff rate filings.
Partner with Treasury to ensure the cash remittance process is accurate.
Significant contributor to the external and internal reporting process by approving the staff's analytic schedules that form the basis of the revenue and energy footnotes & MD&A in the 10K/Q and schedules.