Senior Regulatory Accounting Analyst

Job Description

Job Description

Join our Growing Team and see why Summit Utilities, Inc was named as one of the Fastest Growing Denver Area Private Companies 2019 and 2020; Best Places to Work in Maine 2019, 2020, 2021, 2022 and 2023; and Best Places to Work in Arkansas 2020 and 2023, Oklahoma 2022 and 2023 and Missouri 2023. Summit was also recently named one of Forbes 2023 America’s Best Small Employers.

Summit is a growing natural gas utility providing safe, reliable, and clean burning natural gas service to homes and businesses in Arkansas, Colorado, Maine, Missouri, Oklahoma, and Texas. Being part of the Summit team means embracing excellence and innovation, committing to safety each and every day, and doing all that we can to serve each other, our customers, and the communities where we live. We aim to bring warmth and energy to everything we do.

We have an exciting opportunity for a Senior Regulatory Accounting Analyst. This role may be hybrid-based in one of our offices in Arkansas, Oklahoma, Missouri, Maine; or remote in Texas.

POSITION SUMMARY

Responsible for compiling and analyzing the financial data to support all monthly and annual regulatory filings for the utility companies at Summit Utilities, Inc. This role will assist accounting teams with the proper coding of transactions according to Federal Energy Regulatory Commission (“FERC”) uniform system of accounts (“USOA”) and support the Regulatory departments.

PRIMARY DUTIES AND RESPONSIBILITIES

• Review financials to assess the proper recording of utility company accounting transactions per FERC USOA guidelines
• Partner with the Regulatory Affairs and Regulatory Finance & Rates departments to support company initiatives for regulatory processes and rate setting
• Compile and validate financial data to be used in regulatory filings, including monthly and annual reports and rate case filings.
• Review data prepared by other analysts in response to rate case data requests
• Analyze financial data by FERC account, reviewing details for accuracy and identifying variances in historical financial results trends
• Review the regulatory asset and liability balances, including cost of gas, on a monthly basis, ensuring activity in the accounts is accurate and assist with regulatory focused reconciliations.
• Comply with all FERC accounting requirements, guidance, policies, procedures and applicable laws
• Partner with Accounting staff to ensure the correct application of FERC accounting classifications and guidelines
• Complies with federal, state and local legal requirements by staying current with existing and new legislation, anticipating future legislation and advising senior management on needed actions
• Support the implementation of financial and ancillary software systems pertaining to responsible areas

SECONDARY DUTIES AND RESPONSIBILITIES

• Projects and other duties as assigned by the Regulatory Accounting Manager and/or Controller

EDUCATION AND WORK EXPERIENCE

• Bachelor’s degree in Accounting or Finance preferred
• Minimum of 7 years of progressively responsible experience in a similar role
• Experience in a regulated environment required

KNOWLEDGE, SKILLS, ABILITIES

• Knowledgeable and experienced in the administrative aspects of management in a corporation including assisting in setting and communicating goals, delegating, providing feedback to employees, handling employee issues, and providing employee recognition.
• Strong knowledge of finance and accounting, principles including Generally Accepted Accounting Principles and Federal Energy Regulatory Commission requirements.
• Work requires professional written and verbal communication and interpersonal skills.
• Ability to work in a remote environment, including managing remote team members.
• Ability to motivate staff to produce quality materials within tight timeframes while managing several projects.

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified.

Summit offers competitive pay and medical/dental/vision and other benefits that provide flexibility, choice and support to our employees when they need it most. We understand that home and family are essential pieces of your life, and our benefits are designed to support you both at work and at home.

Summit Utilities, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status and will not be discriminated against on the basis of disability or veteran status.