New York Power Authority Looking for Sr Manager Cost & Plant Accounting at White Plains, NY  Full Time

The Senior Manager is responsible for the proper accounting of New York Power Authority (NYPA) Fixed Assets; the correct classification of cost between Capital, O & M, and Administrative and General Expenses following US Generally Accepted Accounting Principles (US GAAP), Federal Energy Regulatory Commission (FERC) system of accounts and Governmental Accounting Standards Board (GASB) pronouncements.

Responsible for ensuring all costs are properly accounted for and classified in accordance with Federal Energy Regulatory Commission’s (FERC) system of accounts and NYPA policy.

The Senior Manager will lead the team responsible for maintaining monthly activities in the fixed assets area, ensure controls and compliance over all such activities and provide complete oversight over cost accounting aspects that lead to FERC filings. #LI-JP1

• Manage the Fixed & Cost Plant accounting team to ensure day to day activities are executed in accordance with NYPA’s policies and procedures. Provide a leadership role in the identification and implementation of opportunities for process improvements.
• Provide guidance to Controllers team and other non-finance stakeholders on technical accounting matters.
• Develop Fixed and Cost Plant Accounting team by mentoring and providing adequate training and guidance.
• Maintain accurate accounting records for fixed assets and maintain the FERC chart of accounts for cost of service. Establish and maintain chart of accounts to accurately reflect current and future costs.
• Prepare/oversee monthly, quarterly, and annual reports related to Plant Accounting areas of responsibility.
• Perform monthly analyses/review of CWIP project activity and status.
• Research and implement solutions on new accounting (GAAP) and regulatory issues (FERC).
• Use available tools to query systems for information; understand & support relationship between Projects, Fixed Assets and General Ledger modules of SAP Financials.
• Develop and maintain Policies and Procedures for fixed asset capitalization.
• Determine the impact of pronouncements and rules issued by accounting standards-setting bodies that affect NYPA’s accounting and financial reporting.
• Develop relevant schedules that support finalization of revenue requirements for customers including FERC Form 1; work with FP&A on a continuous basis to ensure timely and accurate of financial analysis.
• Support ad hoc projects related to Fixed assets and cost Accounting and prepare selected management reports as needed.

• Strong working knowledge of US GAAP/GASB & FERC Accounting.
• Strong knowledge of general ledger structure and financial reporting.
• Strong analytical skills are required with the ability to investigate/analyze and develop solutions to multi-faceted problems and complex issues.
• Demonstrated leadership skills with the ability to effectively manage a team of professionals
• Excellent organizational and planning skills are required.
• Ability to identify and recommend continuous improvement.
• Strong knowledge of Utility Project Management Systems is preferred.

• Bachelor’s Degree in Accounting or Finance.
• CPA Preferred
• Minimum of 10 years of financial accounting experience
• Minimum 5 years of supervisory experience
• Minimum of 5 years relevant experience working utility fixed assets and cost Accounting (preferred).