Lead Accountant- Transmission Revenue

A great UHY client is seeking a Lead Accountant – Transmission Revenues. The ideal candidate will have transmission revenue accounting experience, strong knowledge of FERC/GAAP/regulatory accounting, and advanced Excel and financial analysis skills.

The Lead Accountant – Transmission Revenues role is a hybrid position with Tuesday-Thursday in the office. This is a direct hire position.

Lead Accountant – Transmission Revenues Responsibilities

• Prepare, analyze, and reconcile monthly billed transmission revenue, formula rate true-ups, amortization schedules, and other regulatory accounting data.
• Ensure accounting processes produce complete and accurate information for transmission revenue requirement calculations.
• Maintain and administer spreadsheets used to calculate network and billing loads, including tracking historical load changes.
• Develop and manage revenue models supporting joint zone revenue distribution and billed revenue recording for Midcontinent Independent System Operator (MISO) and Southwest Power Pool (SPP).
• Administer accounting and billing activities in accordance with legacy transmission revenue agreements.
• Lead or participate in the annual MISO and SPP formula rate actual protocols process in coordination with Finance and Regulatory teams.
• Develop and maintain spreadsheets supporting prior-year formula rate true-ups, interest calculations, and current-year billing adjustments.
• Support regulatory accounting activities under ASC 980, including evaluating the recoverability of regulatory and intangible assets and ensuring proper recording of regulatory liabilities.
• Prepare quarterly, annual, and ad hoc financial reporting support for SEC filings, including Forms 10-Q and 10-K, as well as FERC reporting requirements.
• Ensure compliance with Sarbanes-Oxley (SOX) internal controls and provide documentation supporting internal and external audits.
• Serve as a primary accounting contact for MISO, SPP, transmission partners, customers, auditors, and other stakeholders regarding settlements and transmission revenue matters.
• Collaborate with Regulatory, Legal, Engineering, Finance, and Accounting teams to resolve settlement, ratemaking, and regulatory accounting issues.
• Identify and implement process improvements that enhance reporting accuracy, efficiency, and compliance.
• Maintain and improve accounting procedures, documentation, and workflows supporting settlements and regulatory accounting.
• Mentor team members and provide leadership on complex accounting and regulatory matters.

Lead Accountant – Transmission Revenues Requirements

• Bachelor's degree in Accounting, Finance, or a related field, or equivalent professional experience.
• Minimum of 7 years of progressive accounting experience with increasing responsibility; utility or public accounting experience preferred.
• Strong knowledge of FERC regulations, GAAP, FASB guidance, SEC reporting requirements, and regulatory accounting principles.
• Experience with ASC 980 (Regulated Operations) and utility regulatory accounting is strongly preferred.
• Solid understanding of formula rate true-ups, transmission settlements, and revenue accounting.
• Knowledge of Sarbanes-Oxley (SOX) compliance and internal control requirements.
• Advanced Microsoft Excel skills, including complex formulas, data analysis, and financial modeling.
• Ability to interpret contracts and agreements related to transmission revenue accounting.
• Strong analytical and problem-solving skills with the ability to identify and resolve data anomalies.
• Excellent organizational skills with the ability to manage multiple priorities and meet critical deadlines.
• Strong written and verbal communication skills with the ability to collaborate across departments and with external stakeholders.
• Demonstrated leadership experience with the ability to mentor others, lead initiatives, and drive continuous process improvements.
• Ability to work independently while contributing effectively within a collaborative team environment.

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UHY Advisors' Resource Solutions Group provides clients with accomplished professionals to support finance, accounting, internal audit and tax teams. Whether it is permanent placement, project work, loaned staff support or business process outsourcing–we are ready to meet your needs.

Our team has extensive experience with a wide range of clients from middle market, closely held organizations to large Fortune 500 companies. We focus on finance and accounting, internal audit, IT audit and tax. We offer direct, personal involvement from senior practitioners and strive to meet clients' needs rapidly.

Pay: $110,000.00 - $120,000.00 per year

Application Question(s):

• This is a direct hire position. Please confirm your understanding.
• Do you have transmission revenue accounting experience?
• Do you have a strong knowledge of FERC/GAAP/regulatory accounting?
• Are you proficient in Microsoft Excel?
• Do you have strong financial analysis skills?
• Do you have at least 7 years of progressive accounting experience?
• Do you have excellent written and verbal communication skills?
• This is a hybrid position. Are you able to commute to the office 3 days a week (Tuesday-Thursday)?

Work Location: In person

Salary : $110,000 - $120,000