Utility Accounting Specialist

4 days ago

Newark, Delaware, United States ComTec Information Systems (IT) Full time $90,000 - $120,000 per year

Title: Utility Accounting Specialist

Location: Remote (Newark, NJ)

Duration: Long Term

We are seeking an experienced Utility Accounting Specialist with deep expertise in public electric utility accounting standards, specifically in the classification and treatment of Capital vs. Operations & Maintenance (O&M) expenditures. The ideal candidate will have hands-on experience applying FERC accounting rules, GAAP principles, and utility regulatory frameworks to determine the appropriate categorization of costs related to utility assets, projects, and operational activities.

Key Responsibilities:

  • Evaluate project activities, expenditures, and initiatives to determine appropriate capitalization vs. O&M treatment in accordance with FERC accounting rules and company accounting policies.
  • Guide project managers, engineers, and finance teams on the correct accounting treatment of costs.
  • Review and interpret the scope of IT projects, application support, and system upgrades to ensure accurate cost classification.
  • Support financial reporting teams in ensuring accurate representation of capitalized and expensed activities.
  • Develop and maintain accounting guidelines, documentation, and internal controls related to capital/O&M classification.
  • Collaborate with regulatory and audit teams to support regulatory reporting and compliance reviews.
  • Train internal staff on accounting classification principles and changes in applicable regulations.
  • Stay current on industry best practices, FERC updates, and regulatory rulings impacting cost classification.

Required Qualifications:

  • Minimum 5 years of experience in accounting within the electric utility industry.
  • In-depth knowledge of FERC and utility regulatory accounting principles.
  • Proven experience applying capital vs. O&M accounting rules to IT projects.
  • Strong analytical and documentation skills with attention to detail and compliance.
  • Experience developing capitalization guidelines, accounting guidelines, or training programs.
  • Ability to communicate effectively with IT, project management, and regulatory teams.

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