Sr Property Accountant
Company: Utilities Company
Position: Sr Property Accountant
Pay: $90K-$95K
Location: Tampa, FL - 4 days on site - 1-day WFH
Work Authorization: USC and GC ONLY
Scope: The Accountant preparation, maintenance and monitoring of activities related to property, plant and equipment providing guidance and collaboration. Collaborate with the Finance team to perform unitization of plant assets based on appropriate property record as-builts, monitoring of in-service dates for plant assets, execute monthly close requirements and perform research and analysis. Assist in providing guidance and support on regulatory efforts, process analysis, and technical fixed asset utility accounting application to various areas of the business as necessary. Knowledge of power plant operations with financial acumen, including applicable federal (FERC) and state (FAC) utility regulations, and fixed asset subledger (PowerPlan) and enterprise resource planning (SAP) systems in a regulated utility environment are strongly preferred.
Education: Bachelor’s Degree in Accounting - Preferred CPA
Experience:
• 4+ years of experience in property accounting
• Experience with SAP accounting modules.
• High level understanding of GAAP or FERC accounting, property, plant and equipment, depreciation, retirements or related accounting concepts.
Preferred:
• Experience in a regulated utility in power generation, distribution and transmission engineering or utility property, plant and equipment accounting, in progressively more complex assignments
• 2 years in a senior level or lead role.
• Experience with PowerPlan and/or Work Management Systems
Responsibilities:
• Account for plant assets in accordance with generally accepted accounting principles (GAAP) and Federal Energy Regulatory Commission (FERC) rules by independently analyzing capital work orders, ensuring Sarbanes-Oxley controls and FPSC Standard List of Retirements Units criteria are met. Record, analyze, and monitor plant activity in timely unitization of Capital work orders. Apply judgment in interpreting work order charges for accuracy of spend and confirming Work Management Systems tasks are closed and all charges have ceased. Prepare manual asset transfer and retirement journal entry transactions when required. (40%)
• Communicate effectively and train field team members and other users on property accounting policies, procedures, and processes, particularly those related to Capital vs. O&M guidance and the property asset accounting system. Respond to various internal and external data requests, including requests related to financial and regulatory reporting requirements. (10%)
• Use seasoned judgment in properly accounting for new TEC assets and material stock items added to TEC inventory. Appropriately classify, code, and assign the new assets to the related systems. (10%)
• Responsible for the preparation and delivery of actual and forecasted property, plant and equipment accounting information for use in business planning models, surveillance reports and cost of service models. (10%)
• Perform month-end closing of Work Order AFUDC Calculations, Asset Unitizations, Asset Retirements and Asset Retirement Obligation Calculations and Depreciation Expense Calculations. (10%)
• Perform the fixed asset accounting compliance requirements for maintaining FERC Continuing Property Records, Capitalization Policy per the CFR Uniform System of Accounts, FAC Rule 25-6, GAAP SOX Controls, Internal and External Audits. (10%)
• Support the Supervisor with master data management to include reconciliation of PP MX location error resolution, adding new Asset locations, and clearing failed 101/106 work order activity after month close. Assist the Supervisor with TEC PPE audit selections research, documentation, and submittals. (10%)
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Apply To this Job
Position: Sr Property Accountant
Pay: $90K-$95K
Location: Tampa, FL - 4 days on site - 1-day WFH
Work Authorization: USC and GC ONLY
Scope: The Accountant preparation, maintenance and monitoring of activities related to property, plant and equipment providing guidance and collaboration. Collaborate with the Finance team to perform unitization of plant assets based on appropriate property record as-builts, monitoring of in-service dates for plant assets, execute monthly close requirements and perform research and analysis. Assist in providing guidance and support on regulatory efforts, process analysis, and technical fixed asset utility accounting application to various areas of the business as necessary. Knowledge of power plant operations with financial acumen, including applicable federal (FERC) and state (FAC) utility regulations, and fixed asset subledger (PowerPlan) and enterprise resource planning (SAP) systems in a regulated utility environment are strongly preferred.
Education: Bachelor’s Degree in Accounting - Preferred CPA
Experience:
• 4+ years of experience in property accounting
• Experience with SAP accounting modules.
• High level understanding of GAAP or FERC accounting, property, plant and equipment, depreciation, retirements or related accounting concepts.
Preferred:
• Experience in a regulated utility in power generation, distribution and transmission engineering or utility property, plant and equipment accounting, in progressively more complex assignments
• 2 years in a senior level or lead role.
• Experience with PowerPlan and/or Work Management Systems
Responsibilities:
• Account for plant assets in accordance with generally accepted accounting principles (GAAP) and Federal Energy Regulatory Commission (FERC) rules by independently analyzing capital work orders, ensuring Sarbanes-Oxley controls and FPSC Standard List of Retirements Units criteria are met. Record, analyze, and monitor plant activity in timely unitization of Capital work orders. Apply judgment in interpreting work order charges for accuracy of spend and confirming Work Management Systems tasks are closed and all charges have ceased. Prepare manual asset transfer and retirement journal entry transactions when required. (40%)
• Communicate effectively and train field team members and other users on property accounting policies, procedures, and processes, particularly those related to Capital vs. O&M guidance and the property asset accounting system. Respond to various internal and external data requests, including requests related to financial and regulatory reporting requirements. (10%)
• Use seasoned judgment in properly accounting for new TEC assets and material stock items added to TEC inventory. Appropriately classify, code, and assign the new assets to the related systems. (10%)
• Responsible for the preparation and delivery of actual and forecasted property, plant and equipment accounting information for use in business planning models, surveillance reports and cost of service models. (10%)
• Perform month-end closing of Work Order AFUDC Calculations, Asset Unitizations, Asset Retirements and Asset Retirement Obligation Calculations and Depreciation Expense Calculations. (10%)
• Perform the fixed asset accounting compliance requirements for maintaining FERC Continuing Property Records, Capitalization Policy per the CFR Uniform System of Accounts, FAC Rule 25-6, GAAP SOX Controls, Internal and External Audits. (10%)
• Support the Supervisor with master data management to include reconciliation of PP MX location error resolution, adding new Asset locations, and clearing failed 101/106 work order activity after month close. Assist the Supervisor with TEC PPE audit selections research, documentation, and submittals. (10%)
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