JOB TITLE: REGULATORY ACCOUNTANT

LOCATION: ACCOUNTING AND FINANCE/BANGOR

REPORTS TO: MANAGER, FINANCIAL REPORTING

POSITION STATUS: EXEMPT, NON-BARGAINING UNIT

Be a part of the team that is transforming the power industry of northern and eastern Maine.

Versant Power is building on our 100-year history of delivering efficient, safe and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity and innovation.

We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone.

POSITION OVERVIEW:

The Regulatory Accountant is primarily responsible for assisting with the Company’s month end close process and monthly financial reporting, and the timely and accurate preparation of all regulatory financial filings. This role must demonstrate an understanding of regulatory and GAAP accounting and apply this knowledge in the preparation of journal entries and reporting.

JOB RESPONSIBILITIES

• Applies the principles, concepts, and practices of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting rules to ensure accounting transactions are recorded correctly and financial results are properly reflected in the financial statements.
• Participates in the five business day month end close process by preparing journal entries and applicable supporting schedules.
• Prepares variance analysis for internal use; including monthly analysis of financial results as compared to prior periods and analysis of changes in balance sheet accounts.
• Reconciles various General Ledger FERC accounts on a monthly/quarterly or annual basis, identifies and records any corrective actions needed.
• Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.
• Assist in accurate and timely entering of daily wire and ACH transactions.
• Maintans accounting controls and financial security by following policies, procedures, and internal controls.
• Supports external audit related activities by preparing workpapers and reconciliations, explanining processes and controls, and responding to requests.
• Gains and maintains a thorough understanding of the department’s job critical software and accounting systems, with problem solving capability. Able to design and run accounting reports to assist with reconciliations, variance analysis, and other department needs.
• Critique flow and efficiency of accounting processes, develop and recommend solutions, as needed.
• Performs other ad hoc accounting, financial, or administrative tasks as may be required from time to time.

QUALIFICATIONS

• Bachelor’s degree in Business Administration, Accounting, or Finance required.
• Minimum three to five years of accounting experience preferred.
• Strong knowledge of US GAAP and FERC Uniform System of Accounts preferred.
• Working knowledge of financial methodologies and the ability to understand the financial impact of business decisions required.
• Strong analytical skills and ability to independently analyze accounting transactions and financial statements required.
• The candidate should be proficient in the use of the Microsoft Office Suite, with emphasis on Excel and Word.

PERSONAL QUALITIES

• Self-motivated and can work well in a team, deadline driven environment.
• Able to deliver accurate and timely results.
• Strong analytical skills, attention to detail and a “can do” mindset are required for this position.

NOTES:

• Position is primarily sedentary. Some walking, standing and driving required.
• Position requires strong oral and written communication skills.
• Position requires strong interpersonal skills.
• Position requires visual and mental concentration.
• Position can be stressful due to deadlines and multitasking requirements.
• Versant Power is a tobacco free and fragrance free workplace.

RATE OF PAY:

Salary is commensurate with experience and qualifications.

IMPORTANT APPLICATION INFORMATION:

If you are interested in learning more please apply by submitting an application

Non Bargaining Unit, Regular and Term employees who have at least six (6) months satisfactory job performance and attendance records in their current job are eligible to apply for posted openings.

Versant Power is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

This job description is subject to change at any time.