Regulatory Accounting & Analysis Principal Manager

Company: Southern California Edison
Location: Rosemead
Posted on: October 17, 2020

Job Description:

Job DescriptionJoin the Clean Energy Revolution

The Regulatory Accounting & Analysis Principal Manager at Southern California Edison (SCE) supports key financial and regulatory functions. In this job, youll work in the Finance Organizational Unit (OU), Controllers department and will report to the Assistant Controller. You will manage a team of approximately 20 employees, with responsibility for the accurate recording of more than $12 billion of annual revenue. In addition, you will lead the regulatory accounting function following ASC 980 and be a key partner in determining our strategy for obtaining regulatory approval of critical cost recovery efforts.

Responsibilities include:

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• Responsible for the accounting for revenues authorized from the various regulatory sources, primarily the California Public Utilities Commission and the Federal Energy Regulatory Commission.
  
  
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  • Records all revenues in accordance with Generally Accepted Accounting Principles (ASC 606 and 980).
  • As necessary, establishes and maintains revenue models for each separate revenue program, utilizing robust cross-functional collaboration to ensure accuracy.
  • Assess customer write-offs and allowance for doubtful accounts.
    
  • Manages the accounting of all regulatory balancing accounts and cost recovery mechanisms, including;
    
    
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    • Monitor and assess the financial implications of all regulatory developments, including proceedings, proposed regulatory orders and decisions, and regulatory audits. Assess regulatory exposures and determine if reserves are required.
    • Analyzes over- or under-collections, including assessing the probability of cost recovery and any related financial exposures.
    • Prepares monthly, quarterly and YTD reports to support OU to manage the programs and comply with regulatory reporting requirements (proceeding or compliance filings). Owner of financial data to ensure single source of information and consistency in reporting.
      
    • Manages and reviews the accounting for all fuel and purchased power activities including:
      
      
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      • In support of SCEs nationwide leadership through its Clean Power and Electrification Pathway, reviews long-term power purchase contracts prior to and post execution for complex accounting issues (derivative, leases, variable interest entities).
      • Manage and review the preparation of multiple month-end power procurement related reports.
        
      • Provides strategic direction to identify and implement system and process improvements.
      • Manages, leads, and develops accounting staff.
      • Manages and fosters a safe work environment.
        
        
        QualificationsThe Essentials
        
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        • Bachelors Degree or higher in Accounting.
        • Certified Public Accountant (CPA).
        • Seven or more years of accounting experience.
        • Seven or more years of experience managing and leading professional accounting staff.
        • Achievement of at least senior auditor within public accounting, performing financial statement audits of public companies.
          
          
          The Preferred
          
          
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          • Strong utility industry and regulation knowledge and experience.
          • Masters Degree in Accounting.
          • Demonstrable experience in the review, interpretation and application of accounting standards within an accounting function.
          • Strong analytical skills.
          • A track record of identifying and implementing process improvements within an accounting or regulatory environment.
          • Achievement of at least senior auditor with a Big Four public accounting firm, performing financial statement audits of public companies.
          • Strong interpersonal skills, including the ability to work with all levels within the company.
          • Demonstrated strong ethics, influence and negotiation, leadership, accountability and ownership, organizational skills, ability to multi-task and the ability to effectively manage in periods of tight deadlines and engage in continuous learning.
            
            
            You should know
            
            
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            • Visit our Candidate Resource page to get meaningful information related to benefits, perks, resources, testing information, and hiring process, and more!
              
              
              About Southern California EdisonThe people at SCE don't just keep the lights on. Our mission is so much bigger. Were fueling the kind of innovation thats changing an entire industry, and quite possibly the planet. Join us and create a future with cleaner energy, while providing our customers with the safety and reliability they demand. At SCE, youll have a chance to grow personally and professionally, making a real impact in Southern California and around the world.
              
              At SCE, we celebrate our differences. We are a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.
              
              We are committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. #LI-MM1

Keywords: Southern California Edison, Rosemead , Regulatory Accounting & Analysis Principal Manager, Executive , Rosemead, California