Manager, Asset Accounting

Requisition ID # 174095 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

Capital Accounting plays a critical role in ensuring the accuracy of PG&E’s accounting and reporting, capital recovery and capital-related financial and regulatory forecast functions. The team works with many stakeholders across PG&E to maintain effective oversight and understanding of the Company’s capital expenditures processes.

The Company plans to spend $12 billion on capital expenditures in the coming year. 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

Responsible for ensuring the accuracy of PG&E’s accounting and disclosures over $125 billion of plant, property, and equipment. This includes working with cross-functional teams to provide effective oversight on capital work order management processes. The team is also responsible for the accounting for $5.5 billion of asset retirement obligations.

The successful candidate will be a leader who has strong organizational and planning skills, is highly detailed oriented with robust knowledge of utility accounting. The ideal candidate is self-motivated and have enthusiasm to drive the team’s focus on process improvement and automation. 

This position is hybrid, working from your remote office and the Oakland General Office based on business need.

Job Responsibilities

• Manages month-end closing process related to plant accounts to ensure accuracy and compliance with U.S. GAAP and FERC accounting requirements (journal entries, variance analysis and account reconciliations).
• Lead the resolution of more complex accounting, regulatory and disclosure issues. Ensure timely communication of issues to interested parties.
• Oversees preparation of supporting documentation for SEC and regulatory filings.
• Reviews and interprets policies, regulatory decisions and reporting requirements.
• Identify opportunities and leads continuous improvement efforts in capital related business processes across multiple functional groups by enhancing controls and gaining efficiencies through alignment of work streams.
• Support financing and securitization efforts for the Company
• Supports effort related to PowerPlan system upgrades, functionality enhancements, and system design optimization.
• Builds and maintains relationships with key business partners to contribute to early identification of unusual or complex transactions and changes that could have potential accounting / reporting impacts.
• Drives performance and manages a team of 5 individuals by setting goals and development plans, conducting performance reviews and providing ongoing feedback to direct reports.

Qualifications

Minimum

• BA/BS in Accounting or related field or equivalent work experience
• 7 years of accounting or relevant experience
• Management experience with an ability to effectively collaborate on cross functional teams

Desired

• Previous audit experience from Big 4 or a mid-sized firm
• Certified Public Accountant (CPA) or equivalent
• Knowledge of Utility ratemaking
• Ability to manage a variety of projects and timelines
• Knowledge of accounting systems, establishing business requirements for system design, and strategy development with systems which interface or integrate

• Knowledge of fixed assets, work order and estimating systems
• Knowledge of financial analysis and internal controls.

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: $126,000
• Bay Area Midpoint: $163,000
• Bay Area Maximum: $200,000