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Financial Regulatory Accountant

4 weeks ago

Bangor, Maine, United States Bangor Hydro Full time
Job Summary:

The Regulatory Accountant is responsible for assisting with the Company's month end close process and monthly financial reporting, financial analysis, and the timely and accurate preparation of all regulatory financial filings. This role must demonstrate an understanding of regulatory and GAAP accounting and apply this knowledge in the preparation of journal entries and reporting.

Key Responsibilities:

Applies the principles, concepts, and practices of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting rules to ensure accounting transactions are recorded correctly and financial results are properly reflected in the financial statements.
Participates in the five business day month end close process by preparing journal entries and applicable supporting schedules.
Prepares variance analysis for internal use; including monthly analysis of financial results as compared to prior periods and analysis of changes in balance sheet accounts.
Reconciles various General Ledger FERC accounts on a monthly/quarterly or annual basis, identifies and records any corrective actions needed.
Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.

Requirements:

Bachelor's degree in Business Administration, Accounting, or Finance required.
Minimum three to five years of accounting experience preferred.
Strong knowledge of US GAAP and FERC Uniform System of Accounts preferred.
Working knowledge of financial methodologies and the ability to understand the financial impact of business decisions required.
Strong analytical skills and ability to independently analyze accounting transactions and financial statements required.

Personal Qualities:

Self-motivated and can work well in a team, deadline driven environment.
Able to deliver accurate and timely results.
Strong analytical skills, attention to detail and a 'can do' mindset are required for this position.

Notes:

Position is primarily sedentary. Some walking, standing, and driving required. Position requires strong oral and written communication skills. Position requires strong interpersonal skills. Position requires visual and mental concentration. Position can be stressful due to deadlines and multitasking requirements. Versant Power is a tobacco-free, drug-free, and fragrance-free workplace.