Manager, Technical Accounting Research and Complex Accounting

Company: NATIONAL GRID CO USA (NE POWER)
Location: Hoboken
Posted on: November 21, 2022

Job Description:

About us National Grid is hiring a Manager, Technical Accounting Research and Complex Accounting for our Controllership department in Waltham, MA or Brooklyn, NY. Every day we deliver safe and secure energy to home, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customer, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business. Job Purpose The Manager, Technical Accounting Research and Complex Accounting is responsible for researching and documenting a wide variety of technical accounting issues and complex transactions. The Manager oversees technical accounting changes over and quarterly accounting relating to certain complex accounting areas, such as pensions, environmental liabilities, derivatives and energy efficiency. Manager is also responsible for the execution of periodical controls within National Grid's internal control environment, performs reviews of manual journal entries and reconciliations, and manages the relationship with the external auditor on technical accounting topics as needed. Manages a team of five to seven people. Reports to the Director, Complex Accounting. Key Accountabilities Research and documentation of technical accounting issues and complex transactions Works closely with the Technical Accounting team and derivatives accounting team to support ongoing accounting analysis of significant or unusual transactions. Partners with subject matter experts in Finance Operations to implement, set policy and provide guidance on US GAAP and IFRS standards. Applies technical standards and analysis to complex accounting practices and transactions - includes US GAAP and IFRS conclusions. Researches a wide variety of accounting issues, documents the Company's positions in well-written accounting memos, and is able to defend key judgments with external auditors. Responsible for monitoring and identifying issues as well as overseeing accounting change impacts. Leads the development of, and participates in, technical training to ensure compliance to policy standards. Supports the preparation and review of consolidated and subsidiary financial statements in compliance with US GAAP and IFRS requirements.Manages Quarterly review and reporting of Complex Accounting areas Leads all accounting activities that support pension, environmental, energy efficiency and derivatives accounting. Oversees the complex accounting team (five to seven people). Provides perspectives and conclusions under US GAAP, IFRS and regulatory accounting principles on queries and requests that may arise in a timely basis (e.g., auditor's requests, requests from the business). Works directly with the business to lead technical accounting research, analysis and documentation on current and proposed transactions and structures in relation to Complex Accounting areas. Has strong understanding and knowledge of US GAAP, IFRS, SOX and SEC requirements, particularly in regard to pension accounting (assumption setting, required disclosures, pension accounting for curtailments and settlements) and environmental accounting (appropriate environmental reserves to record, strong familiarity with discounted cash flow models) Clearly documents accounting impacts of related transactions and accounting issues and is the primary liaison to communicate conclusion with external auditors. Provides counsel to employees, manages third-party consultants and contractors, and advises senior leaders as necessary. Ensures accurate and timely recording and processing of Complex Accounting transactions to support budgeting and forecasting activities to drive performance. Evaluates, analyzes and reviews general ledger accounts ensuring accuracy and validity for close processes. Assists in the reviewing of net income, balance sheet variances against current and historical data. Supports reporting function with the submission of mandatory filings and ensuring compliance with internal controls, including reviewing financial statement footnote requirements. Qualifications Bachelor's Degree and CPA 5+ years in accounting with increasing responsibility Big Four public accounting experience preferred Technical accounting experience and close familiarity with applying US GAAP, IFRS, Sarbanes-Oxley and SEC regulations Solid understanding of utility industry accounting, or similar industry Excellent written/oral communication skills - comfortable presenting technical details of transactions and ability to simplify messaging to senior management teams Ability to lead teams of Finance professionals and guide consultants to meet deadlines while producing quality deliverables Provides coaching and mentoring to team members, while creating a comfortable, collaborative work environment Effective collaboration and partnership capabilities to work well with other departments and external auditors Experience performing and reviewing SOX internal controls Excellent project management skills - ability to track, progress and conclude on multiple accounting issues simultaneously More Information SalaryWaltham: $115k - $162k a yearBrooklyn: $123k - $174k a yearThis position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience. National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.

Keywords: NATIONAL GRID CO USA (NE POWER), Hoboken , Manager, Technical Accounting Research and Complex Accounting, IT / Software / Systems , Hoboken, New Jersey