REGULATORY ACCOUNTANT

VERSANT POWER•Bangor, ME

60d

About The Position

The Regulatory Accountant plays a key role in supporting the Company’s month-end close process, monthly financial reporting and regulatory compliance. This position is responsible for preparing accurate and timely financial statements, conducting financial analysis, and ensuring the integrity of all regulatory filings. The ideal candidate will have a solid understanding of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting standards.

Requirements

Bachelor’s degree in Business Administration, Accounting, or Finance required.
Three to five years of accounting experience preferred.
Strong knowledge of US GAAP and FERC Uniform System of Accounts preferred.
Experience with mid to enterprise level financial systems beyond entry-level accounting software.
Solid understanding of financial principles and the ability to assess the financial impact of business decisions.
Strong analytical skills with the ability to independently evaluate accounting transactions and financial statements.
Proficiency in Microsoft Excel and Microsoft Office application. Ability to manage and analyze large data sets.
Ability to manage priorities in a dynamic, team-oriented environment.
Demonstrates accuracy, timeliness, and attention to detail in all work.
Strong critical thinking and problem-solving skills with a proactive, solution focused mindset.
Position is primarily sedentary. Some walking, standing, and driving required.
Position requires strong oral and written communication skills.
Position requires strong interpersonal skills.
Position requires visual and mental concentration.
Position can be stressful due to deadlines and multitasking requirements.

Responsibilities

Applies GAAP and FERC accounting principles to ensure accurate recording of transactions and proper financial statement presentation
Participates in the month end close process, including preparation of journal entries and supporting schedules.
Conducts monthly variance analysis, comparing financial results to prior periods and identifying key drivers of change in balance sheet and cash flow accounts.
Reconciles various General Ledger accounts on a monthly, quarterly or annual basis, and implements corrective actions as needed.
Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.
Maintains strong internal controls by adhering to established accounting policies and procedures.
Assists with internal and external audits by preparing workpapers, explaining processes and controls, and responding to audit inquiries.
Develops a deep understanding of accounting systems and software, generates and designs reports to support reconciliations, variance analysis, and other departmental needs.
Evaluates and improves accounting processes for efficiency and effectiveness.
Performs other ad hoc accounting, financial, or administrative tasks as may be required from time to time.