Senior Manager, General Accounting & Securities and Exchange Commission (SEC) Reporting

Oncor Electric Delivery•Dallas, TX

About The Position

As the Senior Manager, General Accounting & Securities and Exchange Commission (SEC) Reporting at Oncor, you’re responsible for the management and support of Oncor Electric Delivery’s general accounting activities, accounting systems, processes, internal control and external reporting. This includes managing all activities and processes related to processing, reviewing and maintaining the financial books and records of the electric transmission and distribution business units. This position is accountable for maintaining the integrity of the accounting records in a manner that ensures financial information is reliable, accurate and in compliance with Generally Accepted Accounting Principles (GAAP). Additionally, this role is responsible for coordination of the preparation, processing, and reviewing of Oncor’s 10-Ks, 10-Qs and registration statements filed with the Securities and Exchange Commission (SEC). You’ll monitor, analyze, and determine impacts of changes in SEC Regulations and GAAP, and assisting in the implementation of new accounting standards.

Requirements

Extensive knowledge of Controllership function, accounting cycle, and underlying business processes
Extensive knowledge of GAAP, SEC regulations, and accounting for regulated operations
Knowledge of the rate-regulated electric utility industries accounting practices and policies
Strong leadership skills, problem solving/analytical skills, written skills, and interpersonal/teamwork abilities
Ability to select, direct and develop a professional accounting staff.
Bachelor’s Degree in Accounting, Finance, or related and 8+ years of relevant experience is required.

Nice To Haves

Applicants with a Master’s of Business Administration (MBA) are encouraged to apply.
Applicants that are designated as a Certified Public Accountant (CPA) are encouraged to apply.

Responsibilities

Directs general accounting processes to ensure timely and accurate recording of transactions. Ensures that monthly closing deadlines are met and consolidated reports are available for internal and external reporting.
Prepares consolidated Statement of Cash Flows, documentation and analysis for financial statement footnote disclosures, Management’s Discussion and Analysis (MD&A) year over year variance analysis and equity roll forward.
Directs the preparation of the company’s 10-Qs and 10-Ks, including the drafting of the documents, distribution of drafts, processing of comments received, fielding audit inquiries of the document, and management of supporting documentation to meet Sarbanes Oxley Act (SOX) controls.
Manages the accounting and timely payment of Municipal Franchise Fees in accordance with terms of individual franchise agreements with over 400 cities.
Records pension and Other Post-Employment Benefits (OPEB) cost per actuarial studies for Oncor’s pension and OPEB plans. Prepares financials for benefit plan audits conducted by external auditors for the retirement plan, thrift plan and employee health and welfare plans.
Records transactions for the employees’ benefits plan.
Manages recording of short and long-term debt transactions, including accrual of interest and amortization of expense, discount and premium by debt issuance.
Analyzes and manages accounting for debt exchanges, reacquired debt losses and hedging transactions in other comprehensive income.
Coordinates and monitors Oncor’s leasing activity, including documenting and accounting for GAAP and regulatory requirement differences.
Directs accounting research including accounting for regulated operations and SEC regulation research including monitoring and analyzing changes in SEC Regulations S-K and S-X.
Develops and maintains ongoing lines of communication with Financial Support, Treasury, Planning and other cross-functional managers to support business decisions and proactively plan and respond to changes in the business environment.

Benefits

Annual incentive program.
Competitive health and welfare benefits (medical, dental, vision, life insurance).
Ability to earn wellness incentives (up to $2,300 in 2026 as an Employee only) and other wellbeing resources.
401k with dollar-for-dollar company match up to 6%.
401k match with student debt program.
Cash balance pension plan.
Adoption Assistance.
Mental health resources.
Employee resource groups.
Tuition reimbursement.
Competitive vacation, 10 company holidays and 2 personal holidays.
Paid parental leave.
Salary continuation for up to 6 months for approved employee illness or injury.
Other perks such as commuter benefits, electric vehicle incentive program, appliance purchase plan.