Senior Accountant

New York ISO•Rensselaer, NY

1d•$80,800 - $135,000•Hybrid

About The Position

This position leads the organization’s daily financial reporting, regulatory reporting and budgetary analysis processes. Financial Reporting includes preparation and analysis of company financial statements in accordance with GAAP, as well as company financial statements in accordance with NYISO Tariff requirements, and benefit plan specific financial statements. Regulatory Reporting includes preparation of Internal Revenue Service tax returns, Federal Energy Regulatory Commission (FERC) financial reports, and other Federal and State financial reports. In addition, this position is a leadership role for NYISO’s budget preparation and monitoring processes, working with NYISO’s business owners on analyses of spend patterns and budgetary funding needs. Interacts routinely with Manager of Accounting, Controller & Assistant Treasurer, and Chief Financial Officer positions. Occasionally supervises Accountants in their daily activities.

Requirements

Bachelor's Degree (BS, Accounting) required
Seven years accounting experience, including significant leadership of month-end close processes
Demonstrated expert knowledge of generally accepted accounting principles (GAAP)
Extensive experience developing and monitoring complex corporate budgets
Extensive or equivalent combination of education, training and experience.
Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal 3 documents.
Ability to respond to common inquiries or complaints from market participants, regulatory agencies or members of the business community.
Ability to write speeches and articles for publication that conform to prescribed style and format.
Ability to effectively present information to senior executives, market participants, public groups and/or Board of Directors.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, present value, quick ratios and other advanced finance calculations.
Ability to apply concepts of basic algebra and geometry; ability to apply concepts such as fractions, percentages and ratios to practical situations.
Ability to define problems, collect data, establish facts and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet programs.

Nice To Haves

MBA highly desirable.
Certified Public Accountant (CPA) strongly preferred.
Knowledge of Oracle Financials desirable.

Responsibilities

Prepare journal entries and provide correct supporting documentation
Prepare account reconciliations for assigned general ledger accounts on a daily/and or monthly basis depending on the account.
Prepare schedules for inclusion in Monthly Financial Report.
Cross-train other Accounting and Senior Accounting staff on direct responsibility and accept cross-training from other members of the Accounting team.
Assist Finance Management in the development of administrative policies and procedures.
Suggest process enhancements along with improvements to internal control structure.
Lead and participate in coordination of internal and external audits. Maintain confidentiality of designated information.
Assist with special projects as assigned and complete other financial analysis and reporting, as requested.
Coordinate all activities needed for development of NYISO’s annual budget.
Compile budget requests from departmental representatives, and prepare financial analyses of budget trends and historical data.
Manage the review of NYISO’s budget vs. actual monitoring processes.
Obtain updated budget projections, trends, and other data from department representatives.
Prepare budget vs. actual status reports for review by Senior Management and Market Participants.
Prepare the monthly project budget vs. actual reconciliation and accordingly prepare the capitalized software entry that result from the reconciliation.
Assist in the preparation for month-end close.
Specifically review the prepaid and accrued expense schedules.
Coordinate with Manager to prepare the annual income tax return (Form 990).
Review with external auditors before submitting to IRS.
Coordinate with Manager to prepare the annual Char 500 filing.
Assist in the preparation of the annual and quarterly reports to FERC.
Review annual report with external auditors before submitting to FERC
Prepare annual census reports.
Review with Finance Management prior to submission.
Prepare excise sales tax filings.
Review with Finance Management prior to submission.
Lead monthly departmental Budget vs Actual reviews with management and senior leadership
Record receipts of services in Financial Reporting software.
Serve in a backup role to Senior(s) primary responsible for Financial Reporting.
Serve in a backup role to present the monthly budget vs. actual report to NYISO’s Market Participants at monthly Business Priority Working Group (BPWG) meetings.
Coordinate activities needed for month-end close.
Ensure all account reconciliations are performed and reviewed.
Prepare monthly financial statements for Finance Management review.
Perform variance analyses on key financial statement line items.
Assist in the development of NYISO’s annual budget.
Compile budget requests from departmental representatives and prepare financial analyses of budget trends and historical data.
Research implications of new accounting pronouncements on NYISO’s financial statements, systems and procedures.
Coordinate with Manager to prepare the annual income tax return (Form 990).
Review with external auditors before submitting to IRS.
Coordinate with Manager to prepare the annual Char 500 filing.
Coordinate with Manager to prepare the preparation of the annual and quarterly reports to FERC.
Review annual report with external auditors before submitting to FERC
Prepare annual census and lobbying reports.
Review with Finance Management prior to submission.
Prepare excise sales tax filings.
Review with Finance Management prior to submission
Develop recommendations for debt financings and interest rate management.
Coordinate with Finance Management to negotiate financing terms with NYISO’s lenders.
Review loan and other financing documents.
Prepare information required for financing approval petitions.
Conduct certain treasury functions, such as monitoring compliance with debt covenants and preparing cash flow projections.
Lead all activities required to complete the annual financial statement audit.
Prepare monthly reconciliation and analysis of tax deferred 457b and tax deferred benefit plan (flex spending, dependent care)
Prepare monthly benefit plan reporting (pension, post-retirement (VEBA) and 401k) to NYISO management and senior leadership
Prepare semi-annual benefit plan reporting to NYISO Board of Directors.
Review with Finance Management prior to submission.
Lead annual external audits of the NYISO’s pension plan, 401k plan, and postretirement plan.
Coordinate with Human Resources on the submission of annual DOL Form 550
Oversee the coordination and recording of NYISO’s fixed assets schedule while working with the appropriate departments to ensure that NYISO’s fixed asset policies and procedures are adhered to.
Record receipts of services in Financial Reporting software.
Serve in a backup role to the Senior(s) primary responsible for the Budget Process.