Principal Technical Accounting Analyst

Requisition ID # 173940 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

Technical Accounting performs derivative accounting assessments, helps business partners understand the accounting implications of alternative structures, researches complex accounting issues, implements accounting standards, and educates others on accounting topics, including preparing and supporting the application of company accounting policies.

The work of this high profile team will provide the successful candidate with challenge and variety as well as exposure to key individuals throughout the company.

Position Summary

This role reviews and provides guidance/coaching on commodity and derivative accounting, including journal entries, disclosures, and documentation. The successful candidate will work with business partners to evaluate potential opportunities and challenges using their deep understanding of technical accounting and then synthesize research, provide perspective and develop implications for line of business and/or company. The successful candidate will lead ad hoc teams, coach junior employees and provide thought leadership to Corporate Accounting.

This position is hybrid, working from your remote office and your assigned work location one day per week on average.

This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.

Reporting

Reports into the Director, Director, External Reporting & Technical Accounting.

Major Job Responsibilities 

• Responsible for maintaining accounting policies, reporting requirements, rules and regulations:
  • Performing analyses and documenting accounting conclusions for complex issues
  • Developing recommendations to senior leadership
  • Supporting the maintenance of comprehensive accounting policies
• Ensures accuracy and compliance with U.S. GAAP and other accounting regulations:
  • Contributing and/or leading implementation of new accounting standards and quantification of accounting impacts
  • Reviewing accounting conclusions for commodity power purchase agreements
  • Reviewing journal entries and disclosures for mark-to-market, price risk management, fair value and other
• Establishes and maintains relationships with business partners:
  • Building and maintaining relationships with key business partners (e.g., Energy Procurement, Law, Treasury, Corporate and Capital Accounting) to contribute to early identification of transactions and changes that could have potential accounting / reporting impacts
  • Assisting in the development of education and training for the business on accounting topics
• Assists in the set-up of processes, procedures and other improvement efficiencies:
  • Contributing to the improvement in the effectiveness of communications with business partners, and gain efficiencies during monthly close and reporting
  • Contributing to the department and company initiatives to improve processes and understands / translates financial

Background Qualifications

Minimum

• 8+ years of relevant accounting experience including technical accounting.
• BA/BS or equivalent in Accounting, Economics, or Business.

Desired  

• CPA license.
• MA/MS in Accounting.
• Minimum of 3 years of Utility experience.
• Utility accounting experience (e.g., ASC 980)
• Technical accounting experience working with derivatives, leases, revenue recognition, etc.
• Excellent writing skills.
• Ability to manage a variety of projects and timelines.
• Excellent interpersonal and communication skills.
• SEC reporting experience.
• Public Accounting experience.
• Typically 10 years of relevant experience.
• Master’s Degree

Compensation

PG&E provides the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed between the entry point and the middle of the range, the decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs. 

A reasonable salary range is:​

• Bay Area Minimum: $128,000
• Bay Area Midpoint: $173,000
• Bay Area Maximum: $218,000