Job Summary

The Accountant I - Plant is responsible for preparing and maintaining records to support the Company’s plant balances. This includes releasing of work orders within the capital forecasting tool, correspondence with operational personnel related to assets, preparation of monthly closing entries, recording of assets and retirements, completion of monthly account reconciliations, and variance analysis on plant-related account balances.

Duties and Responsibilities

• Monthly Close:
  • Prepare of standard and non-recurring journal entries associated with plant balances.
  • Complete account reconciliations.
  • Complete and document SOX controls associated with plant process.
  • Perform PowerPlan close processes.
  • Prepare balance sheet variance analysis for plant accounts.
  • Respond to auditor requests associated with areas of responsibility.
  • Assist with Political Action Committee (PAC) by providing PAC accounting services through the role of the Assistant Treasurer (As needed).

• Evaluation of Capital Projects (CWIP/Jobbing/PS&I):
  • Monitor outstanding CWIP balances.
  • Follow up with project managers related to long-outstanding balances or unusual adjustments.
  • Correspond with project managers, operations and/or the marketing department related to short-term jobbing, preliminary project costs, and customer contributions, ensuring the appropriate tracking and timely capitalization of such amounts.
  • Prepare journal entries to transfer projects between categories (i.e. jobbing and PS&I to capital work orders, order to order adjustments, etc.), including related overheads.

• Release Orders:
  • Release orders within SAP for new projects and reauthorizations.
  • Complete review of this projects, to include the following:
  • Appropriate approval in line with the Company’s DOA policy.
  • AFUDC flag.
  • Appropriate nature of the project (i.e. capitalizable).
  • Set up of estimate for allocation of costs between plant accounts.

• Record Retirements & Unitize Projects:
  • Receive completion notices from project managers.
  • Record final assets in the company’s plant records based on the completion notices received and/or information from the GIS department.
  • Record retirements of existing assets based on completion notices received.
  • Follow up with project managers on completion notices not received in a timely manner.

• Process Improvements (Reducing Risk and Manual Processes):
  • Perform testing of system developments in areas of responsibility.
  • Assist in identifying opportunities where risk and manual process can be reduced in areas of responsibility.

• Perform other duties as requested.

Knowledge, Skills and Abilities

• Knowledge of GAAP including technical accounting principals.
• Familiarity with regulatory accounting practices as well as FERC accounting preferred
• Strong computer skills a must. Experience with ERP accounting systems, fixed asset systems and Excel.
• Ability to independently research and resolve issues, presenting potential solutions to management.
• Strong written and oral communication skills.
• Attention to detail and high degree of organizational skills.

Education and Experience

• Bachelor’s degree in accounting or related field preferred.
• 1 - 2 years’ experience preferred.