What are the responsibilities and job description for the Associate Accountant (Fixed Assets) position at ITC Holdings Corp.?
JOB SUMMARY
The Associate Accountant performs fixed asset accounting activities to ensure accurate and timely processing of information in accordance with Federal Energy Regulatory Commission (FERC), Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) regulations and guidelines. May also assist with reporting requirements during peak times.
ESSENTIAL DUTIES & RESPONSIBILITIES
Performs fixed asset accounting activities for capital projects/construction work; creates work orders to accumulate construction project costs; with the assistance of engineering personnel, movement of assets into service and close out of work orders to ensure that fixed assets are properly included in rate base; reviews charges to completed work orders to ensure accurate accounting records in accordance with GAAP and FERC guidelines.
Prepares capital expenditure reports for monthly asset and depreciation activity.
Researches and applies FERC accounting guidelines to fixed asset transactions as necessary; prepares fixed asset reports for management and FERC reporting.
Assesses fixed asset accounting and other business processes to identify potential areas of improvement.
Prepares journal entries, and analyzes and reconciles accounts to ensure proper accounting of transactions; researches and resolves accounting issues.
Assist with compilation, quality review and data checks for external filings (SEC, Form 10-Q, 10-K and various other regulatory and GAAP financial statements).
Assists with internal and external audit document requests.
REQUIREMENTS
Bachelor’s degree in accounting or finance or relevant, equivalent experience and/or education.
Basic knowledge and understanding of accounting and financial reporting.
Ability to research and analyze various types of data.
Strong written, verbal and interpersonal communication skills.
Strong organizational skills.
Knowledge of Excel and other Microsoft Office Applications.
Ability to utilize technology to complete daily assignments
Ability to work well on a team or independently.
Ability to work extended hours during peak periods to meet compliance driven deadlines
Applicants must be authorized to work in the United States for any employer, ITC does not sponsor employment visas, such as H-1B or TN visas.
The Associate Accountant performs fixed asset accounting activities to ensure accurate and timely processing of information in accordance with Federal Energy Regulatory Commission (FERC), Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) regulations and guidelines. May also assist with reporting requirements during peak times.
ESSENTIAL DUTIES & RESPONSIBILITIES
Performs fixed asset accounting activities for capital projects/construction work; creates work orders to accumulate construction project costs; with the assistance of engineering personnel, movement of assets into service and close out of work orders to ensure that fixed assets are properly included in rate base; reviews charges to completed work orders to ensure accurate accounting records in accordance with GAAP and FERC guidelines.
Prepares capital expenditure reports for monthly asset and depreciation activity.
Researches and applies FERC accounting guidelines to fixed asset transactions as necessary; prepares fixed asset reports for management and FERC reporting.
Assesses fixed asset accounting and other business processes to identify potential areas of improvement.
Prepares journal entries, and analyzes and reconciles accounts to ensure proper accounting of transactions; researches and resolves accounting issues.
Assist with compilation, quality review and data checks for external filings (SEC, Form 10-Q, 10-K and various other regulatory and GAAP financial statements).
Assists with internal and external audit document requests.
REQUIREMENTS
Bachelor’s degree in accounting or finance or relevant, equivalent experience and/or education.
Basic knowledge and understanding of accounting and financial reporting.
Ability to research and analyze various types of data.
Strong written, verbal and interpersonal communication skills.
Strong organizational skills.
Knowledge of Excel and other Microsoft Office Applications.
Ability to utilize technology to complete daily assignments
Ability to work well on a team or independently.
Ability to work extended hours during peak periods to meet compliance driven deadlines
Applicants must be authorized to work in the United States for any employer, ITC does not sponsor employment visas, such as H-1B or TN visas.
