What are the responsibilities and job description for the Sr. Regulatory Reporting Analyst position at Targa Resources?
POSITION SUMMARY:
The Regulatory Reporting Sr Analyst must be a detail-oriented individual, and possess excellent communication skills, both verbal and written. This individual must work well with others at various levels of the organization. The ideal candidate must also be able to think and work independently; identifying potential solutions alongside the issues discovered, and the candidate must possess the ability to research and document information arising out of impromptu requests. The position will focus on regulatory financial reporting for FERC (Federal Energy Regulatory Commission) and the RRC (Railroad Commission) and will also help with certain fixed asset functions.
JOB FUNCTIONS AND KEY RESPONSIBILITIES:
Prepare and analyze FERC and RRC quarterly and annual reports.
Gather and analyze data for depreciation studies and cost of service analysis.
Work on regulatory accounting requests with various stakeholders.
Implement process improvements for company’s regulatory and fixed asset accounting function to help improve accuracy and efficiency and to support the company’s capital projects.
Recognize potential issues and risks and work with supervisors and management to mitigate the risks.
Prepare Journal Entries as needed for FERC and RRC accounting.
Prepare all assigned monthly account reconciliations.
Prepare quarterly/annual fixed asset and FERC disclosure footnotes for reporting.
Collaborate with various stakeholder groups to ensure successful completion of tasks.
Maintain desk procedures and SOX documentation for assigned areas.
Respond to inquiries from auditors ensuring accuracy and timeliness.
Assist with any special projects that may arise.
MINIMUM ESSENTIAL QUALIFICATIONS:
Bachelor’s degree in accounting and/or finance.
4 years of public accounting or corporate accounting/reporting experience.
Ability to understand the difference in reporting requirements for GAAP, FERC, and RRC
Knowledge of GAAP and an understanding of internal controls.
Knowledge of ERP and consolidation systems.
Strong analytical and critical thinking skills.
Exhibits attention to detail, ownership, and willingness to be hands-on.
Excellent verbal and written communication with ability to adjust style depending on audience.
Proficient in Excel to at least an intermediate level.
Ability to problem solve and think outside of the box.
Strong planning and organization skills; ability to handle multiple priorities and deadlines.
Ability to think strategically and demonstrates an ability to work independently and in a team environment, including with other departments.
Ability to work in a fast-paced environment and adapt effectively to new and changing environments.
Regular and reliable attendance with ability and willingness to work overtime, especially during reporting, closing, and billing cycles.
Regular and reliable attendance.
PREFERRED QUALIFICATIONS:
Certified Public Accountant or Masters
Experience with fixed asset accounting
Understanding of financial statements
Experience with regulated accounting and FERC reporting
Experience with Oracle Financials Cloud (OFC) and OneStream
Experience with Workiva or other regulatory reporting software.
Energy sector experience
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources is an equal opportunity workplace. All employment decisions are made without regard to sex, race, color, religion, national origin, citizenship, age, disability, marital or veteran status, sexual orientation, gender identity or expression, or any other legally protected categories. This includes providing reasonable accommodation if requested for disabilities or religious beliefs and practices.