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Job SummaryThis position has lead responsibility for the Regulatory Finance Support organization of the Power Grid Operations (PGO) Finance Organization. This position will be responsible for supporting the PGO organization in various regulatory proceedings.
The position provides reporting to PGO for various recovery mechanisms throughout Duke Energy’s jurisdictions and provides support compiling data for rate cases and audits as needed. It requires a blended knowledge of technical and functional financial reporting and analysis skills. It is necessary for the lead to be familiar with PGO’s various recovery mechanisms in all jurisdictions and develop a working knowledge of the business to be most effective in interacting with the operations personnel we support. The position is also responsible for partnering with the manager to lead the team and coach team members. There are also responsibilities related to month end close.
This position’s initial primary focus is supporting current and future Multi-Year Rate Plans in North Carolina. The candidate will interface with business and regulatory personnel and ensure accurate monthly financial reporting and collaborate with the business to find process enhancements and reporting efficiency.
Responsibilities:Leadership responsibility for month-end close process, cost management reporting, and budget/projection development.
Lead, direct, and support team members on completion of daily and monthly tasks.
Interface with regulatory and regulatory support teams
Serve as key interface with management in Multi-Year Rate Planning.
Compile monthly reports for the Multi-Year Rate Plan.
Analyze and evaluate monthly results for reasonableness of the Multi-Year Rate Plan and work with business partners to understand variances.
Prepare, check and/or post journal entries and accruals on an as needed basis.
Serve as key interface with the customer on understanding and implementation of financial policies and procedures.
Support regulatory filings including rate cases, MYRP, the Florida Storm Protection Plan, Indiana TDSIC, storm recovery filings.
Support audits of various regulatory filings (rate cases, MYRP, storms, SPP, etc.)
Actively seek to identify and meet customer needs with a sense of urgency, taking ownership of customer issues and problems until resolved.
Lead and/or assist with special projects and requests as required including research and process improvement teams.
Lead and/or participate in peer teams when identified with other PGO finance analysts and/or Regulated Utility finance analysts to ensure consistency in processes and reporting, and sharing of best practices throughout the organization.
Prepare financial schedules required to meet monthly and quarterly business unit data requests from Corporate Accounting.
Assist in the preparation and review of governmental filings and rate cases as needed.
Work with internal and external auditors, providing necessary information and answering questions as needed.
Lead in SOX documentation updates and management testing.
Maintain good working knowledge of accounting policies and impacts as required.
Travel to other locations within the jurisdictions as required.
Overtime may be required during monthly/quarterly/annual closing processes as well as rollout of new and/or changes processes.
Required/Basic Qualifications
Bachelor’s degree in (Accounting/Finance/Economics) OR a Bachelor’s degree in a similar discipline with prior (accounting/finance/economics) work experience
Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree
Possesses and applies comprehensive and strategic knowledge of accounting and finance principles, practices, and procedures to complete complex assignments
Experience with financial applications (i.e., PeopleSoft FMIS, Power Plant, etc.) and query tool (Business Objects)
Proficient using Microsoft products such as Excel, Word, and Power Point
Additional Preferred QualificationsStrong analytical/problem solving skills and business acumen. Ability to understand business operations and apply business acumen to identify issues and propose innovative solutions.
Self-motivated with the ability to work independently and/or in a team environment to provide recommendations when only limited standardization or precedence exists.
Demonstrated analytical/problem solving skills and strong business acumen.
Ability to build relationships with customers at all levels with the organization and to influence others and achieve resolution.
Demonstrated communication and interpersonal skills.
Demonstrated leadership abilities.
Experience with financial applications (such as PeopleSoft FMIS, Power Plant, etc.) and query tools (such as Business Objects/WebI, Power BI)
Extensive experience applying GAAP accounting principles, and evaluating internal controls.
Possesses and applies comprehensive and strategic knowledge of accounting and finance principles, practices, and procedures to complete complex assignments
CPA, CIA, CFA or CMA is strongly encouraged for achieving the Lead Analyst level or higher position
Graduate degree in Accounting, Business or related fields.
Experience in regulated utility accounting.
Working ConditionsHybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to a Duke Energy facility.
Office Environment
Specific RequirementsMust have 5+ years (8+ desired) of increasingly diverse or complex experience in related field in addition to degree. Requires CFO Staff approval.
Years of prior equivalent work related experience in lieu of a degree is N/A unless grandfathered in and requires CFO Staff approval.
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Travel Requirements
5-15%Relocation Assistance Provided (as applicable)NoRepresented/Union PositionNoVisa Sponsored PositionNoPosting Expiration Date
Saturday, February 8, 2025All job postings expire at 12:01 AM on the posting expiration date.
Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.Privacy
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