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Lead Analyst - Energy & Derivative Acctg

Company:  AVANGRID SERVICE COMPANY
Location: 

Portland, ME, US

Company

Company

Iberdrola is a global energy leader, the number one producer of wind power, and one of the world's biggest electricity utilities in terms of market capitalisation. The group supplies energy to almost 100 million people in dozens of countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy and France, with a workforce of more than 35,000 people.

Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation, to offer its customers the most advanced products and services. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to sustainability and the fight against climate change.

 

 

Responsibilities

Provides leadership role for accounting, specifically in the areas of; revenue recognition involving cost allocations of indirect costs and their associated controls. Develops, prepares and analyses transactions that are of a specialized and complex in nature requiring knowledge of financial relationships and accounting principles and practices.

1. Analyzes and adjusts accounts monthly.  Responsible for reconciling general ledger accounts.  Prepares and inputs monthly journal entries and reviews accounting entries booked. Oversees the running of accounting reports from various software packages.  Ability to prepare and analyzes complex calculations.

2. Become a subject matter expert in items such as Unbilled Revenue, Accounts Receivables, Bad Debt Reserve and Revenues.  Develop a working knowledge of GAAP, FERC and IFRS principals as they apply to the department.

3. Develops, prepares and analyzes complex specialized calculations supporting complex revenue accounting transactions and prepares and processes such accounting transactions.

4. Provides primary support in the month-end closing process and prepares various energy related result analyzes.

5. Develops, prepares and processes gas commodity purchases and settlement adjustments.

6. Reviews and/or prepares and develops schedules used to support Iberdrola USA reporting requirements.

7. Maintains up-to-date knowledge of changes and proposed modifications in accounting policies, principles and procedures and updates processes and procedures accordingly.

Competencies
  • Develop Self & Others
  • Empower to grow
  • Collaborate and Share
  • Be a role model
  • Focus to achieve results
  • Be agile
Skills and Requirements

Education & Experience Required:

 

  • Bachelors Degree with a minimum of 3 years relevant experience preferred.
  • Associates Degree with a minimum of 5 years relevant experience required.
  • Advanced knowledge of applications and mainframe accounting systems is required.
  • Detailed knowledge of GAAP and utility industry practices.

Skills/Abilities:

  • Possesses and applies comprehensive knowledge of finance and accounting.
  • Strong analytical skills.
  • Project management skills.

 

Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions.  This does not include those that will work for Avangrid Renewables

AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link

If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our Human Resources department at 203-499-2777 or careers@avangrid.com

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