Job description
Company Summary Statement : As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today. Overview:
Leads team of professionals responsible for asset accounting for Rhode Island Energy, a subsidiary of PPL Corporation. Works closely with business line management by providing financial analysis and consultation on the accounting implications of decisions. Establishes effective internal controls over asset accounting. Assists in providing support for Rhode Island Energy’s financial reporting, including filings with the SEC, Rhode Island Division of Public Utilities and Carriers, and FERC as well as rate proceedings.
Responsibilities:
- Supervise and manage an accounting team to ensure financial transactions are recorded in accordance with GAAP, corporate policies and procedures, and SOX internal controls requirements, implement enhancements to controls and policies and procedures as necessary.
- Work with business line senior management to ensure that all transactions with financial implications are properly recorded.
- Supervise and manage the accurate and timely implementation of new accounting standards and other technical issues, including the review and/or writing of technical memorandum and whitepapers as applicable.
- Responsible for participating in general ledger maintenance process which includes new account set-ups and mapping for internal and external reporting purposes.
- Plans and develops rate case exhibits used in determining utility revenue requirements and responses to rate case data requests which are of major magnitude or scope.
- Maintain a competent, highly motivated, effectively utilized staff through proper training and development, appraisals, timely feedback, fair compensation practices, as well as by establishing and monitoring adherence to policies and procedures.
- Ensure compliance with administrative requirements, including:
- Maintenance and periodic testing of business continuity plan;
- Development and maintenance of records retention plan; and
- Compliance with other departmental and organizational initiatives.
- Acts as liaison with other departments within RI/PPL and other constituencies outside of RI/PPL as necessary.
- If applicable, in-person supervision of employees to ensure compliance with FLSA wage and hour issues as well as to monitor compliance with safety rules.
- If applicable physical presence in the office/on-site to engage in face-to-face interaction and coordination of work among direct reports and co-workers.
- Support of and involvement in EEI accounting teams, committees and task forces to ensure PPL influences their efforts.
Basic Qualifications
- Bachelor's degree in accounting or business discipline.
- Five years of accounting experience with extensive knowledge of GAAP and financial reporting requirements, with at least 3 years of leadership experience.
- Knowledge of regulatory accounting under ASC 980.
- Knowledge of FERC Uniform System of Accounts
- Effective leadership, interpersonal and communications skills.
- Working knowledge of computer systems and applications.
Preferred Qualifications
- CPA, MBA or other advanced accounting or business degree
- Experience in accounting for regulated utilities.
- Experience in all areas of GAAP, SEC reporting and internal controls/Sarbanes Oxley requirements.
*PpSe*
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