Principal Technical Accounting Analyst

PG&E•Oakland, CA

4d•Hybrid

About The Position

Technical Accounting performs derivative accounting assessments, helps business partners understand the accounting implications of alternative structures, researches complex accounting issues, implements accounting standards, and educates others on accounting topics, including preparing and supporting the application of company accounting policies. The work of this high profile team will provide the successful candidate with challenge and variety as well as exposure to key individuals throughout the company. This role reviews and provides guidance/coaching on commodity and derivative accounting, including journal entries, disclosures, and documentation. The successful candidate will work with business partners to evaluate potential opportunities and challenges using their deep understanding of technical accounting and then synthesize research, provide perspective and develop implications for line of business and/or company. The successful candidate will lead ad hoc teams, coach junior employees and provide thought leadership to Corporate Accounting. This position is hybrid, working from your remote office and your assigned work location one day per week on average. This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.

Requirements

Minimum 8+ years of relevant accounting experience including technical accounting.
BA/BS or equivalent in Accounting, Economics, or Business.
Excellent writing skills.
Ability to manage a variety of projects and timelines.
Excellent interpersonal and communication skills.

Nice To Haves

Desired CPA license.
MA/MS in Accounting.
Minimum of 3 years of Utility experience.
Utility accounting experience (e.g., ASC 980)
Technical accounting experience working with derivatives, leases, revenue recognition, etc.
SEC reporting experience.
Public Accounting experience.
Typically 10 years of relevant experience.
Master’s Degree

Responsibilities

Responsible for maintaining accounting policies, reporting requirements, rules and regulations: Performing analyses and documenting accounting conclusions for complex issues
Developing recommendations to senior leadership
Supporting the maintenance of comprehensive accounting policies
Ensures accuracy and compliance with U.S. GAAP and other accounting regulations: Contributing and/or leading implementation of new accounting standards and quantification of accounting impacts
Reviewing accounting conclusions for commodity power purchase agreements
Reviewing journal entries and disclosures for mark-to-market, price risk management, fair value and other
Establishes and maintains relationships with business partners: Building and maintaining relationships with key business partners (e.g., Energy Procurement, Law, Treasury, Corporate and Capital Accounting) to contribute to early identification of transactions and changes that could have potential accounting / reporting impacts
Assisting in the development of education and training for the business on accounting topics
Assists in the set-up of processes, procedures and other improvement efficiencies: Contributing to the improvement in the effectiveness of communications with business partners, and gain efficiencies during monthly close and reporting
Contributing to the department and company initiatives to improve processes and understands / translates financial