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This position is for a Senior Accounting Analyst within the Asset Accounting department of Duke Energy. The role is responsible for providing financial analysis, accounting, and reporting support related to fixed assets, asset retirement obligations (AROs), nuclear decommissioning trust funds, and various regulatory assets and liabilities. The group also coordinates and provides reporting and analysis related to fixed assets that are used within rate cases and various regulatory initiatives and filings across multiple jurisdictions within Duke Energy.
This position requires a blended knowledge of technical and functional financial reporting and analysis skills. The analyst will work closely with teammates and managers on various accounting activities including monthly journal entry preparation, account reconciliations, financial statement analysis, ARO evaluations and settlements, and preparation of internal and external reporting. The analyst will also be responsible for preparing reports and information used within regulatory filings and rate cases including standard reporting requirements as well as responding to data requests. This position works to ensure that accounting and reporting in this area meets FERC, GAAP and State Regulatory requirements.
This role will require strong organization skills, project and time management skills, attention to detail, and collaboration within Asset Accounting, Rates and Regulatory, Finance, and other areas of the Company. The analyst will interact frequently with various groups to support business transactions, decisions, and filing requirements. The position will help to analyze and research ad-hoc requests and develop reporting to support data requests. This position will work with moderately complex asset accounting and regulatory matters; therefore, strong analytical skills and the ability to exercise judgment are essential. Employees at this level are expected to work independently and act as a resource for less experienced employees.
Responsibilities
Preparation of monthly journal entries, account reconciliations, analysis, and reporting for balance sheet and income statement accounts primarily related to asset retirement obligations, nuclear decommissioning, and regulatory assets
Prepare workpapers and other financial schedules that support internal and external reporting (including SEC and FERC financials)
Interact with Finance and Operational contacts to understand key operational decisions and changes which could impact accounting, including ARO remeasurements
Prepare and review various regulatory and rate case requests across the regulated jurisdictions within Duke Energy, with focus on completing deliverables to meet deadlines
Prepare and review data requests, discovery requests, and regulatory reporting requirements ensuring that responses and reports are accurate and complete
Assist with preparation of depreciation studies; including managing third party consultants, providing data requirements, and consulting on questions or changes as needed. Responsible for implementation of new studies once approved.
Implement accounting impacts resulting from regulatory orders
Perform research on various GAAP and regulatory accounting issues and preparation of accounting position papers, as needed
Work with internal and external auditors, providing necessary information and addressing questions, as needed
Understand and maintain proper business and financial processes to ensure adherence to internal controls and policies. Assist in SOX documentation updates and testing.
Champion process improvements to produce efficiencies at all stages of the accounting process
Overtime may be required during monthly/quarterly/annual closing processes as well as around regulatory filing and discovery periods
Bachelor’s degree with major in Accounting/Finance or related discipline
Three (3) plus years of increasingly diverse or complex experience in related field in addition to degree
Possesses and applies fundamental accounting and finance concepts, practices, and procedures
Experience with financial applications (i.e., PeopleSoft, HFM, PowerPlan, etc.) and query tool (WebI)
Experience using Microsoft products such as Excel, Word and Power Point
CPA or working toward CPA
Advanced degree, preferably in Accounting
Six (6) years or more of professional work related experience
Public accounting or auditing experience
Experience with monthly close process, general accounting, and financial reporting (FERC/GAAP)
Previous experience in utility asset or regulatory accounting environment
Advanced analytical and critical thinking skills
Demonstrated ability to effectively perform at the experienced analyst level, including ability to work independently, manage competing priorities, and adhere to strict deadlines and schedules.
Familiar with capital project and asset accounting concepts (Construction Work in Progress, plant in service, salvage, cost of removal, retirement, and unitization)
Proven ability to work in a team environment and foster good relationships with teammates and business partners.
Developing process improvements and best practices based on expertise and institutional knowledge.
Effective communication skills, including ability to document and support work performed.
Proficient using Microsoft products such as Excel, Word, and Power Point
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Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to the assigned Duke Energy facility.
Travel Requirements
5-15%Posting Expiration Date
Monday, September 30, 2024All job postings expire at 12:01 AM on the posting expiration date.
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Full Time
$88k-106k (estimate)
05/26/2024
10/16/2024