Lead Accountant

Diversity of backgrounds, ideas, thoughts, and experiences is vital to our culture and the way we do business. Creating an environment where differences are embraced and where every person feels engaged and included makes us safer, stronger, and more successful.

With a history dating back to 1886, American Water is the largest and most geographically diverse U.S.publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to help make sure we keep their lives flowing. For more information, visit amwater.comand follow American Water on Twitter, Facebookand LinkedIn.

PLEASE NOTE: In order for American Water to evaluate decisions about new regulations, reintegration, and safe operating practices, all employees are required to report their vaccination status.

Primary Role

Responsible for the compilation, review and analysis of accounting/financial information for the American Water subsidiaries as assigned, and the maintenance of complete and accurate subsidiary general ledgers. Assists in the consolidation process and provides
reporting support and other services to the External Reporting, Financial Analysis and Decision Support, Budgeting and Internal Reporting, Tax and Rates Support/Regulatory Operations teams.

Key Accountabilities

  • Assists in the preparation, review and approval of journal entries and the management of the monthly close process.
  • Analyzes financial results and variances, ensuring completeness and accuracy of the subsidiary general ledgers.
  • Performs, reviews and approves key account analyses and reconciliations, including the timely investigation and resolution of discrepancies and reconciling items.
  • Analyzes, executes and owns complex/technical accounting processes and transactions, including acquisitions/divestitures, pensions/benefit plans, leases, fair value assessments, along with the ownership of "global" journal entries and operating processes.
  • Provides reporting support, information and analysis to assist in consolidation and the External Reporting team's fulfillment of the
  • Company's quarterly and annual SEC reporting requirements.
  • Prepares and reviews quarterly and annual subsidiary financial statements and state commission reporting requirements, ensuring compliance with US GAAP, state-specific utility regulation, internal controls and Company policies and practices.
  • Participates in the annual audits (both the consolidated audit and subsidiary audits) and coordination with the external auditors.
  • Interprets rate case orders/memorandums and other regulatory decisions and implements the appropriate accounting for such.
  • Interfaces/liaises with the Financial Analysis and Decision
  • Support, Budgeting and Internal Reporting, Cash/Treasury, Accounts
  • Payable, Call Center Operations and Tax teams, providing technical guidance, expertise and information for accounting and reporting matters and assistance in interpreting and analyzing financial results.
  • Assists the Rates Support/Regulatory Operations teams in fulfilling rate case requests and analyses for filings and/or other reporting requirement reports.
  • Directs special projects and initiatives to optimize the effectiveness of existing business applications, technologies and systems and to build efficiencies/improvements into current business processes.
  • Assists in the refinement and maintenance of the accounting/financial policies, practices, internal controls and operating procedures to ensure the integrity of the Company's internal control structure.


Knowledge/Skills

  • Four to seven years of relevant experience required.
  • Prior public accounting, corporate and/or multi-subsidiary company experience a strong preference.
  • Prior experience working in the utility industry and knowledge of regulatory accounting a plus.
  • Knowledge and prior experience working with SAP, PowerPlant,
  • Hyperion, Trintech/Assurenet, SharePoint a plus.
  • Strong knowledge of U.S. GAAP and the ability to apply principles and practices to complex/technical accounting matters.
  • Strong knowledge of Microsoft Office products (Excel, Word, PowerPoint), with a particular expertise in advanced Microsoft Excel functionalities (i.e. pivot and look-up tables, etc.).
  • Strong written and oral communication skills with proven ability to interact effectively with internal customers, management and external professionals (i.e. auditors).
  • Full, end-to-end ownership of assignments including, proactively engaging appropriate members to jointly resolve issues and communicate results.
  • Excellent analytical, systemic and problem solving skills, including the ability to lead/direct project teams/initiatives or effectively work independently.
  • Strong interpersonal skills, with an emphasis on initiative, knowledge sharing, team building and decision making.


Experience/Education

  • Bachelor's Degree in Accounting or Finance required.
  • CPA or advanced degree preferred.
  • Seven to nine years of relevant experience required.
  • Prior public accounting, corporate and/or multi-subsidiary company experience a strong preference.
  • Prior experience working in the utility industry and knowledge of regulatory accounting a plus.


Other

  • The Accountant IV job duties in the payroll department focus on payrollnaccounting and maintenance of complete and accurate payroll ledgers.


Competencies

Champions safety

Collaborates

Cultivates innovation

Customer obsessed

Drives Results

Nimble learning

Join American Water... We Keep Life Flowing

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because he or she is an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

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