Senior Accountant, Property Accounting

7 days ago

Phoenix AZ, Maricopa County, AZ; Arizona, United States Liberty Full-time
Algonquin Power & Utilities Corp. (AQN), parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, reliable, and cost-effective energy and water solutions through our portfolio of utility investments to over one million customer connections, largely in the United States and Canada. At Algonquin, our vision is to be the most trusted utility service provider in North America – a premium regulated utility, known for our customer focus, commitment to sustainability, and strong community partnerships. We are building a culture that values integrity, inclusivity, and innovation. By joining Algonquin, you’ll be part of a team that is shaping the future of energy and water, while creating long-term value for our customers, communities, employees, and shareholders. The Utility Property Accountant III serves as a senior accounting professional responsible for safeguarding the integrity, accuracy, and regulatory compliance of the Company's utility plant and fixed asset records. The role is accountable for ensuring utility capital investments are properly classified, capitalized, depreciated, retired, reconciled, and reported in accordance with FERC Uniform System of Accounts (USoA), NARUC guidance, GAAP, company accounting policies, and applicable regulatory requirements. As a key member of the Fixed Asset Lifecycle team, this position provides oversight of accounting transactions supporting substantial utility infrastructure investments and serves as a trusted advisor to Engineering, Construction, Operations, Regulatory, Project Management, and Finance teams on capitalization, asset accounting, and regulatory reporting requirements. The role exercises significant judgment in evaluating complex accounting transactions, resolving financial and operational discrepancies, and ensuring the Company's plant accounting records can withstand regulatory, audit, and financial statement scrutiny. #Serve as a steward of the Company's utility plant accounting records, ensuring utility assets and capital investments are accounted for accurately, completely, and in compliance with regulatory and accounting requirements. Record and maintain utility plant additions, retirements, transfers, adjustments, and other transactions in accordance with the FERC/NARUC Uniform System of Accounts and Company accounting policies. Review capital projects and support documentation to determine appropriate plant accounts, functional classification, asset class, and in-service treatment. Establish and maintain asset records in PowerPlan, including project/asset information, plant accounts, units of property, in-service dates, cost components, depreciation attributes, and retirement information. Ensure costs are properly transferred from Construction Work in Progress (CWIP) to plant in service when the asset is placed in service. Process asset transfers, retirements, abandonments, disposals, and adjustments in accordance with Company policy and regulatory requirements. Ensure asset records agree with the Company's general ledgers and support subsidiary records. Investigate, assess and resolve complex discrepancies between PowerPlan, the SAP general ledgers, project accounting records, work orders, and other source systems. Lead reconciliation activities supporting utility plant, accumulated depreciation, CWIP, and related fixed asset balances across PowerPlan, SAP, project accounting systems, and supporting records. Support periodic asset-data cleanup and ensure the integrity and completeness of the fixed-asset database. Calculate, review, and record depreciation and amortization in accordance with approved depreciation rates, asset lives, and regulatory requirements. Maintain documentation supporting regulatory accounting conclusions and ensure transactions are adequately supported and auditable.
• Review project costs for potential misclassification, duplicate charges, unsupported costs, or other accounting issues. Assist with unit-of-property and retirement-unit determinations when required. Support the accounting treatment of AFUDC, engineering, construction, labor, materials, and other eligible capital costs in accordance with Company policy and applicable regulatory requirements. Prepare monthly journal entries and supporting schedules for plant accounting and related accounts. Perform monthly close activities, including reconciliations, variance analysis, depreciation review, and account analysis. Prepare management reports and analytical schedules related to capital expenditures, plant balances, depreciation, retirements, and CWIP. Support FERC, state commission/NARUC, and other regulatory information requests. Prepare schedules and supporting documentation for rate cases, regulatory audits, financial audits, and other examinations. Ensure plant accounting records are supported by appropriate source documentat