What are the responsibilities and job description for the Accountant (Special Projects & Business Development) position at ITC Holdings Corp.?
Job Summary
JOB DESCRIPTION
Supports non-traditional business opportunities and ad-hoc projects by analyzing accounting, financial reporting and tax implications. Opportunities may include mergers and acquisitions, competitive bidding, strategic partnerships, compliance programs and assistance with other requests as they arise. Requires strong cross-functional collaboration, both internally and externally, and analyzing financial statement impacts of various business development activities to ensure the company stays on strong financial standing and improves financial performance. Collaborates with decision makers outside of the accounting department on the company’s strategic, economical and operational goals.
Essential Duties & Responsibilities
From electric vehicles to renewables, the world is looking at electricity in a whole new way, and ITC is focused on building and maintaining a power grid that can handle it all. We are looking for individuals who are ready to work with us to build a greater grid for a greener future. In return, ITC is proud to offer industry-leading compensation, benefits and opportunities to channel your energy into community-changing solutions . As an equal opportunity employer, we feel it’s crucial to honor our differences, be inclusive, engage as a team, and maximize our individual strengths.
Please take a moment to review our Diversity Statement .
JOB DESCRIPTION
Supports non-traditional business opportunities and ad-hoc projects by analyzing accounting, financial reporting and tax implications. Opportunities may include mergers and acquisitions, competitive bidding, strategic partnerships, compliance programs and assistance with other requests as they arise. Requires strong cross-functional collaboration, both internally and externally, and analyzing financial statement impacts of various business development activities to ensure the company stays on strong financial standing and improves financial performance. Collaborates with decision makers outside of the accounting department on the company’s strategic, economical and operational goals.
Essential Duties & Responsibilities
- Assists in evaluation of accounting impacts of certain projects and supports the execution of certain projects including acquisitions, competitive bidding, greenfield development and customer business solution projects, while ensuring compliance with industry standards and regulatory requirements.
- Conducts research and benchmarking on complex accounting topics, including accounting methodologies, revenue recognition, lease and acquisition accounting, and joint venture structuring, among other complexities.
- Drafts comprehensive technical accounting memos and contributes to the resolution of complex financial reporting issues.
- Collaborates with project managers, engineers and other stakeholders to ensure accurate and timely reporting of financial information.
- Supports the design, development and implementation of accounting policies and procedures specific to business development initiatives and special projects.
- Identifies accounting implications, risks and potential threats to project development and proactively communicates key timelines and risk factors to project team and leadership to support informed decision-making.
- Collaborates with business leaders to engage, analyze and communicate complex accounting concepts and business ideas, supporting the development of financial models and the evaluation of business trends and opportunities.
- Supports managing multiple complex projects and assists in all accounting aspects of project life-cycle.
- Supports the preparation of materials and formal responses for executive leadership and external stakeholders, ensuring clarity, accuracy and alignment with organizational goals and messaging.
- Ensures adherence to internal controls and regulatory/audit requirements.
- Stays current on industry best practices, emerging trends and regulatory developments to ensure informed decision-making and continued compliance.
- Cultivates high-trust relationships and engages with company's business leaders to support informed decision-making and strategic alignment.
- Develops and sustains effective working relationships with partners, customers, third-party consultants and key stakeholders to support collaboration and long-term business success.
- Bachelor's degree in Accounting, Finance or related field or relevant, equivalent experience and/or education.
- Minimum of two (2) years accounting experience required. Utility experience preferred.
- Knowledge of GAAP, FERC accounting, and regulatory compliance.
- Analytical and problem-solving skills to resolve complex accounting and other issues.
- Proficiency in accounting software and Microsoft Office Suite.
- Excellent written and verbal communication and interpersonal skills.
- Ability to work effectively in a dynamic environment, both independently and as a team.
- Ability to research and efficiently analyze various types of data.
- Skilled relationship builder and ability to work well cross-functionally.
- Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H-1B or TN visas.
From electric vehicles to renewables, the world is looking at electricity in a whole new way, and ITC is focused on building and maintaining a power grid that can handle it all. We are looking for individuals who are ready to work with us to build a greater grid for a greener future. In return, ITC is proud to offer industry-leading compensation, benefits and opportunities to channel your energy into community-changing solutions . As an equal opportunity employer, we feel it’s crucial to honor our differences, be inclusive, engage as a team, and maximize our individual strengths.
Please take a moment to review our Diversity Statement .
