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Description
Description:
- Director Property Acctg (1100755)
Job Description
Director Property Acctg-1100755
Description
Position: Asset/Property Accounting Director
Reports to: VP, Controller and CAO
General Description:
The responsibilities of this position are to ensure the veracity of financial reporting (both GAAP and regulatory) for all asset related transactions especially those relating to property, plant, equipment and inventories; both fuel inventories and materials and supplies. In addition, this manager ensures that related overheads and capitalized interest is properly recorded. This position is responsible for consultative support to the business units for reporting and accounting for asset related special projects and the related regulatory support. The property accounting team is responsible for providing oversight to all the primary functional business units as it relates to asset accounting.
Specific Responsibilities:
Financial and Management Reporting:
1. Ensure that property ledgers provide accurate, readily available information in form required to ensure external reporting requirements as defined by generally accepted accounting principles are met and in accordance with specific Commission order (FPSCO) and FERC as required by SFAS No. 71.
2. Ensure that fuel accounting is properly performed and recorded in fuel accounting ledger and/or systems
3. Provide periodic summary reporting to management which reflects necessary information whether detailed actuals or planning related information encompassing estimates.
4. Provide required reporting on capitalized costs by business unit to support budget and incentive goals.
5. Develop, maintain and communicate appropriate capitalization policies for the utility.
6. Maintain retirement unit catalogs.
Transaction Processing:
1. Perform unitization of plant costs as required.
2. Determine appropriate depreciation rates for plant in accordance with Commission directives.
3. Ensure AFUDC is properly recorded and at the proper rate.
4. Ensure depreciation and depreciation related activities are properly reported in the sub ledger.
Projects:
1. Perform specialized accounting and reporting activities for significant operational activities or projects such as storm accounting, storm secure plan, and nuclear license extensions.
2. Perform analyses as needed including identification of economic opportunities through prospective analytical planning and forecasting.
3. Responsible for all aspects of implementation of nuclear cost recovery rule including accounting, transaction processing, reporting and regulatory support.
End of Life Accounting:
1. Perform all end of life accounting entries, analysis and planning including decommissioning, dismantlement and depreciation and asset retirement obligations for all long lived assets.
2. Prepare all required regulatory filings related to these end of life accounting matters.
3. Ensure that functional unit processes comply and support end of life accounting transactional requirements as provided for by FPSC and FERC.
Regulatory Support:
1. Provide active regulatory support to ensure that asset related costs are recovered in rates (return of and on) in accordance with Commission rules.
2. Ensure that both project specific or detailed reporting is performed in support of regulatory initiatives including rate filings, storm filings etc.
3. Assist regulatory accounting in the preparation of all asset related testimony in any proceeding in front of the Public Utility Regulatory Commission and FERC.
4. Ensure adequate support for audits including those of the FPSCO, intervenor customers and external auditors.
Management, Leadership and Process Disciplines:
1. Responsible for managing staff of approximately 35 exempt and non-exempt employees. Manages supervisors and first line managers for each of the major asset areas.
2. Responsible for maintaining strong collaboration with business unit work groups whose activities give rise to much of the asset capitalization to ensure that costs are recorded accurately and timely and that business user needs are supported.
3. Ensures that processes are efficient and robust so that activities that give rise to costs are captured and recorded in most cost effective way possible inclusive of people resources, systems and other user and accounting tools.
Asset and Fuel Accounting Business System Management:
1. Responsible for collaboration with corporate IM department to ensure that financial ledger systems and tools adequately interface with work management tools to support accurate financial reporting both for SEC, FERC and FPSCO purposes.
2. Collaborate with IM department to perform system functionality planning to ensure that data processing for company assets and fuel is stable and robust in anticipation of changing needs of corporation and its regulators.
3. Specifically responsible for managing the CATS asset subsidiary ledger.
Experience and Educational Requirements:
1. Bachelor''s Degree in Accounting or undergraduate degree in related discipline with CPA license.
2. Minimum of five years accounting experience in a public company.
3. Minimum of ten years leadership experience as either, project manager, supervisor or manager.
4. Experience with asset accounting in a public utility a plus.
5. Proficient in Microsoft Excel, Word, Access and other commonly used business tools.
6. Experience with operational work management and financial systems from a business perspective preferred.
Other:
1. Excellent written and oral communication skills and negotiation skills.
2. Proficient project management skills
3. Ability to lead with out direct hierarchical authority.
4. Excellent analytical skills
5. Strong financial system experience in implementing new finance systems from a business user perspective or hands on system management experience as a business user.
Employee Group
Exempt
Employee Type
Full-time
Job
Accounting/ Finance
Organization
Florida Power & Light Company
Primary Location
USA-FL-Juno Beach
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Details:
Job Id:
25434473
Posted / Updated:
3/31/2012 3:52:18 AM
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