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POSITION SCOPE:
This position is responsible for overseeing all revenue accounting activities for US Utilities. The role involves directing an accounting team to ensure that financial deadlines are consistently met through timely and accurate reporting. A significant aspect of the work includes meeting month-end accounting close requirements and addressing the needs of other functions that depend on information provided by Revenue Accounting.
The position necessitates successful collaboration and interaction with various departments including Accounting and Finance, Operational departments, Financial Planning and Analysis, Tax, Business Development, Human Resources, Legal, Engineering, among others. The goal is to provide essential and appropriate accounting services related to revenue accounting and customer contracts, while ensuring compliance with AES Corporate and regulatory standards.
PRIMARY RESPONSIBILITIES:
Responsible for all revenue accounting activities for the US Utilities, supervise and direct activities of 1-2 accountants and consistently meet financial deadlines in a timely and accurate reporting manner. Activities to include but not limited to:
• Lead, train, coach and mentor a team of accountants.
• Lead revenue accounting close process for AES Indiana and AES Ohio and assure that the financial records are properly maintained.
• Ensure that revenue from contracts with customers is recognized in accordance with US GAAP.
• Direct critical estimate (including unbilled revenue, provisions for bad debts) process in accordance with established policies.
• Implement issued regulatory rate case orders as they pertain to retail revenue.
• Ensure that unbilled revenue estimation model is maintained in accordance with the established policies and current regulatory rate orders.
• Be prime contributor to rate case process from revenue accounting perspective.
• Review MD&A analysis and provide discussion commentaries.
• Plan, organize and prioritize work assignments to meet required deadlines.
• Review schedules for quarterly FERC financial reports.
• Review and approval of journal entries and oversee account reconciliations.
• Ensure proper internal accounting controls are in place, functioning as intended and compliance is maintained.
• Be subject matter expert for revenue and accounts receivable business process and an integral contributor to system upgrades and enhancements.
• Perform ad hoc accounting duties as requested by management.
• Handle and resolve all revenue control and accounting matters on a timely basis with internal & external auditors, throughout the year.
• Foster good dialogue and working relationships with other finance and accounting areas as well as other parts of the organization served by these functions.
BASIC REQUIREMENTS:
- BS in Accounting/Finance
- Minimum of eight years relevant accounting experience
- Proven Leadership skills with strong organizational skills and a high degree of professionalism
- In-depth knowledge of US GAAP
- Strong interpersonal skills to interface with teams within the accounting and business operation areas
- Excellent analytical, written and oral communication skills
- Ability to work independently and be self-motivated
PREFERRED REQUIREMENTS:
- Experience in a public utility environment and previous supervisory experience
- Knowledge of US Utility industry accounting practices and rate making principle
- Knowledge of account for contracts with customers (PPAs) and RTO/ISO transactions.
- In-depth knowledge of the FERC Uniform System of Accounts strongly preferred
- Experience in SAP ERP accounting system strongly preferred