Senior Accountant, Property Accounting (PowerPlan)

Job description

Senior Accountant, Property Accounting (PowerPlan)

nLU Service Corp.

nLondonderry, NH, US, 03053Gainesville, GA, US, 30501Tahoe Vista, CA, US, 96148Joplin, MO, US, 64801Downey, CA, US, 90241Joplin, MO, US, 64801Merrick, NY, US, 11566

nAlgonquin 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.

nAt 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. Our employees are at the heart of that vision. We believe that when people are empowered to learn, grow, and contribute their ideas, we can achieve remarkable results together.

nWe 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.

nPurpose

nThe 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.

nAs 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.

n#LI-Hybrid

nAccountabilities

nnnServe 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.

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nnRecord 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.

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nnReview capital projects and support documentation to determine appropriate plant accounts, functional classification, asset class, and in-service treatment.

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nnEstablish 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.

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nnEnsure costs are properly transferred from Construction Work in Progress (CWIP) to plant in service when the asset is placed in service.

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nnReview construction and work-order activity for appropriate capitalization versus repair and maintenance treatment.

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nnProcess asset transfers, retirements, abandonments, disposals, and adjustments in accordance with Company policy and regulatory requirements.

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nnEnsure asset records agree with the Company's general ledgers and support subsidiary records.

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nnInvestigate, assess and resolve complex discrepancies between PowerPlan, the SAP general ledgers, project accounting records, work orders, and other source systems.

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nnLead reconciliation activities supporting utility plant, accumulated depreciation, CWIP, and related fixed asset balances across PowerPlan, SAP, project accounting systems, and supporting records.

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nnReview PowerPlan depreciation calculations and investigate unusual or unexpected changes.

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nnSupport periodic asset-data cleanup and ensure the integrity and completeness of the fixed-asset database.

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nnCalculate, review, and record depreciation and amortization in accordance with approved depreciation rates, asset lives, and regulatory requirements.

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nnMaintain documentation supporting regulatory accounting conclusions and ensure transactions are adequately supported and auditable.•

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nnReview project costs for potential misclassification, duplicate charges, unsupported costs, or other accounting issues.

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nnAssist with unit-of-property and retirement-unit determinations when required.

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nnSupport the accounting treatment of AFUDC, engineering, construction, labor, materials, and other eligible capital costs in accordance with Company policy and applicable regulatory requirements.

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nnPrepare monthly journal entries and supporting schedules for plant accounting and related accounts.

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nnPerform monthly close activities, including reconciliations, variance analysis, depreciation review, and account analysis.

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nnPrepare management reports and analytical schedules related to capital expenditures, plant balances, depreciation, retirements, and CWIP.

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nnSupport FERC, state commission/NARUC, and other regulatory information requests.

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nnPrepare schedules and supporting documentation for rate cases, regulatory audits, financial audits, and other examinations.

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nnEnsure plant accounting records are supported by appropriate source documentation and maintain a clear audit trail from source transaction through the general ledger and regulatory reporting..

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n nEducation and Experience

nRequired Qualifications

nnnPreferably in fixed assets, property accounting, plant accounting, or a regulated utility environment.

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nnWorking knowledge of GAAP and fixed-asset accounting.

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nnStrong understanding of accounting reconciliations, journal entries, depreciation, capitalization, and financial close processes.

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nnAdvanced or intermediate proficiency in Microsoft Excel, including pivot tables, lookups, data analysis, and reconciliation techniques.

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nnStrong analytical and problem-solving skills.

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nnAbility to research accounting issues and document conclusions.

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nnStrong attention to detail and ability to manage multiple deadlines.

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n nPreferred Qualifications

nnnExperience with PowerPlan

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nnDirect experience with FERC Uniform System of Accounts (USoA).

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nnExperience with NARUC/state utility commission accounting requirements.

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nnUtility experience in electric, natural gas, water, or other regulated infrastructure.

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nnExperience accounting for CWIP, AFUDC, plant retirements, depreciation, asset transfers, and construction projects.

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nnExperience supporting FERC or state regulatory filings and rate cases.

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nnCPA, CMA, or progress toward professional accounting designation.

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nnExperience with SAP S4 Hana system integrated with PowerPlan

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nnKnowledge of utility units of property, retirement units, mass property, and composite depreciation.

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n nOur purpose is sustaining energy and water for life, and it is demonstrated in everything we do as a business and as an employee team.

nAs the successful candidate

nOur Mission

nWe provide safe, secure, reliable, cost-effective and sustainable energy and water solutions. Our mission is how we create value as an organization—it is what drives us every day to fulfill our purpose.

nOur Vision

nWe better the lives of our customers and communities. Our vision is what we see as possible. It's where we aspire to be, what we want to achieve and how we'll make animpact. It guides and keeps us on the right path as we work towards fulfilling our purposes.

nOur Guiding Principles

nnnCustomer Centric

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nnIntegrity

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nnEntrepreneurial

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nnTeamwork

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nnOwner mindset

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nnOutcome focused

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nnContinuous learning

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n nWhat we offer

nCollaborative environment with a genuine flexible working policy

n401k Plan with matching

nShare purchase/match plan

nLeadership Development Program

nVolunteer paid days off

nEmployee Assistance Program

nAchievement fund

nFree parking

nVariety of Health & Wellness programs

nDiscount and Perks program

nWe are focused on building a diverse and inclusive workforce. If you are excited about this role and are not confident you meet all the qualification requirements, we encourage you to apply to investigate the opportunity further.

nWe are an equal opportunity employer and value each person's unique background, diversity, experiences, perspectives and talents.

nFull participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honour this commitment in their daily responsibilities.

Worksite address

gainesville, GA, 30501, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.