Senior Accounting Analyst – Regulatory Accounting

Duke Energy Corporation•Charlotte, NC

1d•Hybrid

About The Position

Carolinas Accounting & Reporting is within the Controller’s Department and provides accounting, financial analysis, and reporting support for Duke Energy. The Senior Accounting position requires technical knowledge and research capabilities to ensure reporting compliance within GAAP and FERC rules. The role interfaces with various departments including external stakeholders – e.g., E&Y. The role includes responsibility for complex analysis and research of ad-hoc requests to develop reporting and effectively present results for management review and decision making. This is the fourth level of the financial analysis classification hierarchy. Progression to this level is typically restricted based on business need. Employees at this level work independently and receive minimal guidance. Incumbents are required to have in-depth knowledge and experience and work to solve complex problems. Incumbents also act as a resource for less experienced employees.

Requirements

Bachelor’s degree in Accounting, Finance, Economics, or other closely related discipline
Three (3) years or more of increasingly diverse or complex experience in related field in addition to degree
Possesses and applies comprehensive and strategic knowledge of accounting and finance principles, practices, and procedures to complete complex assignments
Experience with financial systems including, but not limited to, Wdesk, OneStream, PeopleSoft, CAPS Online, and advanced Microsoft Office product skills (e.g., Word, Excel, PowerPoint, CoPilot, PowerBI)

Nice To Haves

Six (6) or more years of increasingly diverse or complex experience in related field in addition to degree
CPA or CPA candidate
Graduate degree in Accounting, Business, or related fields
Possesses and applies fundamental accounting and finance concepts, practices, and procedures
Previous experience in utility or regulatory accounting environment
Familiarity with rate making revenue requirements principles
Effective written and oral communication and collaboration skills
Advanced analytical and critical thinking skills, including data analytics
Demonstrated ability to effectively perform at the experienced analyst level, including ability to work independently, manage competing priorities, and adhere to strict deadlines and schedules
Demonstrated ability to work in a team environment and foster good relationships with teammates and business partners
Highly organized with attention to detail and ability to efficiently multi-task within tight deadlines
Experience with FERC form preparation and other regulatory filings
Public accounting or auditing experience

Responsibilities

Solve complex regulatory accounting issues with critical thinking and sound judgment, ensuring all tasks align with GAAP, FERC, and other regulatory requirements, while meeting internal deadlines and external reporting obligations (including Form 10-Q/K disclosures).
Effectively manage multiple fast-paced projects, including rate cases and data requests, with an emphasis on task prioritization, organization, and coordination across various teams and stakeholders.
Drive continuous process improvement efforts across regulatory accounting functions, identifying and implementing innovative solutions that streamline processes, increase efficiencies, and reduce redundancies in both DEC and DEP regulatory activities.
Collaborate cross-functionally with internal teams (Finance, Legal, Treasury, Rates & Regulatory, Tax, etc.), external auditors, and regulatory bodies (NCUC, PSCSC, FERC) to address inquiries, respond to data requests, and ensure consistent accounting treatment across various filings and projects.
Provide proactive oversight and direction for regulatory deferrals, ensuring proper documentation, accurate accounting treatment, and timely reporting.
Take ownership of high-priority regulatory matters, such as rate cases and compliance with evolving accounting standards, coordinating efforts and ensuring accurate and timely completion of deliverables.
Be collaborative in a high-performing team environment by encouraging teamwork, accountability, and development.
Be a thought partner in solving complex problems, developing regulatory accounting expertise, and project management skills.
Conduct detailed research and analysis on regulatory and accounting matters, document findings and implement practical solutions to address challenges in a dynamic, fast-paced environment.
Provide clear, effective communication with leadership and cross-functional teams, ensuring alignment on goals, expectations, and outcomes while proactively managing issues and escalating as necessary.
Specific Activities will revolve around regulatory deferrals and amortizations approved in rate cases, rate case support, and special projects related to improving reporting around regulatory assets and liabilities.