Senior Regulatory Accounting Analyst

Summit Utilities Inc • Portland, ME

2d • Hybrid

About The Position

Responsible for compiling and analyzing the financial data to support all monthly and annual regulatory filings for the utility companies at Summit Utilities, Inc. This role will assist accounting teams with the proper coding of transactions according to Federal Energy Regulatory Commission (“FERC”) uniform system of accounts (“USOA”) and support the Regulatory departments.

Requirements

• Bachelor’s degree in Accounting or Finance preferred
• Minimum of 7 years of progressively responsible experience in a similar role
• Experience in a regulated environment required
• Knowledgeable and experienced in the administrative aspects of management in a corporation including assisting in setting and communicating goals, delegating, providing feedback to employees, handling employee issues, and providing employee recognition.
• Strong knowledge of finance and accounting, principles including Generally Accepted Accounting Principles and Federal Energy Regulatory Commission requirements.
• Work requires professional written and verbal communication and interpersonal skills.
• Ability to work in a remote environment, including managing remote team members.
• Ability to motivate staff to produce quality materials within tight timeframes while managing several projects.

Responsibilities

• Review financials to assess the proper recording of utility company accounting transactions per FERC USOA guidelines
• Partner with the Regulatory Affairs and Regulatory Finance & Rates departments to support company initiatives for regulatory processes and rate setting
• Compile and validate financial data to be used in regulatory filings, including monthly and annual reports and rate case filings.
• Review data prepared by other analysts in response to rate case data requests
• Analyze financial data by FERC account, reviewing details for accuracy and identifying variances in historical financial results trends
• Review the regulatory asset and liability balances, including cost of gas, on a monthly basis, ensuring activity in the accounts is accurate and assist with regulatory focused reconciliations.
• Comply with all FERC accounting requirements, guidance, policies, procedures and applicable laws
• Partner with Accounting staff to ensure the correct application of FERC accounting classifications and guidelines
• Complies with federal, state and local legal requirements by staying current with existing and new legislation, anticipating future legislation and advising senior management on needed actions
• Support the implementation of financial and ancillary software systems pertaining to responsible areas
• Projects and other duties as assigned by the Regulatory Accounting Manager and/or Controller

Benefits

• competitive pay
• medical/dental/vision
• other benefits that provide flexibility, choice and support to our employees when they need it most

What This Job Offers

• Job Type: Full-time
• Career Level: Senior