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Depending upon the desired qualifications of the successful applicant, the hiring manager may elect to fill this position at a higher level within the job hierarchy

Job Summary

The role and responsibility of this Manager position is to manage and develop a team of individuals who perform tasks associated with the company’s accounting close and financial reporting processes.  

In this role, the Manager Accounting is responsible for ensuring that the accounting impacts of the company’s business activities and transactions are understood and properly recorded to the general ledger, and that such accounting impacts and related variances to budget and prior year results, if applicable, are clearly explained and properly presented in internal and/or external financial reports as needed.  The accounting manager of Asset Accounting Research also has responsibility as the primary business contact for capitalization decisions, owning and maintaining the company’s Capitalization Guidelines policy, performing technical research for asset accounting related issues and writing accounting position papers, reviewing Transaction Review Committee projects for asset accounting impacts, accounting for Asset Retirement Obligations (including coal ash, nuclear, etc.), as well as other tasks that may be nonrecurring and not maintained in other areas of Asset Accounting. The position interacts with all levels of management to communicate technical opinions on capitalization issues as well as frequent interaction with external auditors.  The Manager Accounting is also responsible for ensuring that the team performs its tasks in an accurate and timely manner in accordance with published deadlines while strictly adhering to company policies and controls. 

Responsibilities

Accounting Close Process 

Understand assigned responsibilities, relevant GAAP and FERC accounting guidance, and operational matters that affect the accounting cycle

Review month-end deliverables (primarily journal entries)

Review account reconciliations

Work with the appropriate parties to resolve accounting issues as they arise

Ensure SOX control structure is in place and monitored with respect to the close process

Prepare or review documentation for accounting conclusions on accounting matters

Ensure strict adherence to closing deadlines

Financial Reporting Process 

Review monthly internal financial reports as assigned

Review quarterly SEC and FERC financial reports, including supporting schedules

Review periodic state regulatory financial reports

Ensure SOX control structure is in place and monitored with respect to the reporting process

Work with independent auditors on annual audited financial statements

Work with the appropriate parties to resolve issues as they arise

Additional Responsibilities  

Develop and coach staff

Support regulatory filing efforts including rate cases and rider filings for retail business

Support wholesale and transmission data requests

Lead and/or participate in efficiency and process improvement efforts

Assist with special projects

Research asset related regulatory matters and related impacts and document appropriate accounting treatment

Attend business related meetings as needed

Basic/Required Qualifications

Note: This posting is for one position. Dependent on relevant experience, the level to which a candidate is aligned is outlined below.

Manager I

Bachelor’s degree in accounting, finance, or related degree

8 plus years of increasingly diverse or complex work experience in related field.

Manager II

Bachelor’s Degree in accounting, finance, or related degree

8 years of related work experience, including at least 2 years of successful direct people management experience

Desired Qualifications

Certified Public Accountant or graduate degree in accounting, business, or related field

Public accounting or external auditing experience

Experience in an accounting research role

Experience in utility accounting or regulatory environment

Experience with monthly close process, general accounting, and financial reporting (GAAP)

Familiarity with the FERC Uniform System of Accounts

Knowledge of capitalization principles (Capital vs O&M decisions)

Experience with Asset Retirement Obligation (ARO) accounting

Knowledge of capital project accounting concepts (CWIP, plant in service, cost of removal, retirement, and unitization)

Familiarity with PowerPlan

Proficiency in learning and working with a variety of financial systems applications

Proven ability to perform analysis and evaluate large amounts of data

Demonstrated ability to forge and maintain constructive relationships within a team and with business partners

Demonstrated ability to communicate be effective with verbal and written communication with all levels of the organization

History of driving process efficiency improvements

Working Conditions

Hybrid 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 the assigned Duke Energy facility. 

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Travel Requirements

5-15%

Relocation Assistance Provided (as applicable)No

Represented/Union PositionNo

Visa Sponsored PositionNo

Posting Expiration Date

Tuesday, March 11, 2025

All 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.

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