Senior Project Accountant, Regulatory

LS Power Development, LLC • Austin, TX

1d

About The Position

LS Power is seeking a Senior Project Accountant to join its growing Regulatory Accounting team. This role serves as a key liaison between the project management, regulatory accounting, and fixed asset accounting teams — ensuring capital project activity is accurately tracked, reported, and reflected across all three functions. The ideal candidate goes beyond recording transactions, acting as a proactive financial partner who understands financial reporting, flags budget overruns early, challenges cost classifications before they hit the ledger, and brings financial discipline and visibility to the construction process across multiple regulated entities and jurisdictions.

Requirements

• Hold a Bachelor’s degree in Accounting or Finance; Master’s degree or CPA designation is preferred.
• Have a minimum of two years of accounting experience, with meaningful exposure to capital project or construction accounting.
• Have experience with regulated utility accounting or are eager to develop this expertise; working knowledge of the FERC Uniform System of Accounts is strongly preferred.
• Have public accounting experience with a Big 4 or national firm (preferred but not required).
• Have experience with Microsoft Dynamics 365 or a similar ERP/accounting system; PowerPlan or other fixed asset systems experience is a plus.
• Have experience with budget preparation and variance analysis.
• Possess strong knowledge of U.S. GAAP, accounting principles, procedures, and practices.
• Hold strong Microsoft Excel skills, with the ability to work efficiently with large data sets and financial models.
• Can effectively manage multiple assignments simultaneously, meet deadlines, and maintain excellent attention to detail.
• Collaborative team player with the ability to work across different levels and functions of the organization, as well as with external auditors.
• Possess exceptional analytical and reasoning abilities, with strong numeric skills and quantitative acumen.
• Have excellent verbal and written communication skills, with the ability to present financial information clearly to both technical and non-technical audiences.
• Take ownership of your work and proactively communicate issues and status updates to management.

Responsibilities

• Coordinate with AP, procurement, and project development teams to ensure accurate capital project coding and timely capture of costs in the general ledger.
• Review construction contract invoices against approved budgets; maintain a change order log; and track retainage balances.
• Assist with project-related month-end close, including recording actuals, determining accruals, and reconciling project balance sheet accounts.
• Coordinate with project managers and the fixed asset accounting team to monitor CWIP balances and ensure timely plant-in-service transfers.
• Assist the fixed asset accounting team with FERC asset unitizations and support.
• Collaborate with and assist the accounting team with other tasks as they arise.
• Lead the monthly cash forecasting process for capital projects and monitor cash positions across entities to identify funding needs.
• Build and maintain a monthly project spend report for leadership and investors and support project budget preparation and variance analysis.
• Complete monthly and quarterly reporting as required by individual projects.
• Assist with financial statement preparation (quarterly and annually)
• Assist with the annual financial statement audit and related support/documentation.
• Assist with the annual budget process for capital spend and review capital project budget justifications.
• Provide accurate, timely data for regulatory reports and filings, including FERC Form 1 and other required submissions.
• Support the income tax, property tax, and sales and use tax teams with project cost detail and documentation as needed.

Benefits

• We provide our team the opportunity to share their unique perspectives, solve new challenges, and continue in their career growth.
• We are committed to supporting employees’ happiness, healthiness, and overall well-being by providing comprehensive benefits that include 100% employer paid premium healthcare, paid parental leave and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees