Manager of Accounting Research

Company: Avangrid
Location: Milford
Posted on: May 8, 2022

Job Description:

Avangrid is seeking a Manager, Technical Accounting & Research to join their team in their Orange, CT location.
Job Summary
This position has the responsibility for the accounting standards , policies and application of technical accounting decisions/conclusions across the Avangrid Group (AGR), which includes both regulated and non-regulated business affiliates in the Power and Utilities industry . This position also m anages the research and documentation of accounting/financial data related to AGR' s accounting strategy and decisions. Provides advice and guidance on accounting policy revisions to senior management. The ideal candidate will be able to identify, evaluate, debate and document complex technical and operational accounting issues , and has an ability to describe complex technical accounting concepts in simple easy to understand terms and present to audiences.
The candidate will assist in r eporting processes for AGR in accordance with US GAAP through required filings with the SEC and in accordance with IFRS within prescribed reporting forms for Iberdrola's global external reporting. A portion of the responsibilities will be spent in coordinating with external and internal audits and strong relationships will be required . The candidate will liaise with Iberdrola 's global finance and operations organization, and will be involved in several initiatives for new accounting standard implementations, clarifications, and updates .
This position will have no direct report s.
MAJOR ROLES AND RESPONSIBILITIES :

Research, p lan and implement detailed accounting policies surrounding US GAAP and IFRS and oversee new standard implementation s at the underlying businesses. Work closely with the business and other corporate control teams to prepare, determine, and maintain these policies. Reviews complex accounting areas and matters (e.g., regulatory accounting, revenue recognition, consolidation, equity method accounting including tax equity, business combination, goodwill, derivatives) Project-manage and determine impacts of complex operations and ad-hoc transactions under US GAAP and IFRS. Manages data on accounting practices and periodically updates the f inancial Reporting team on the disclosures of other public energy companies. Assist in the coordination of all external and internal audit s including the resolution of open comments and findings.
Independent re view of US GAAP and IFRS financial statements and its disclosures. Ensure accurate reporting by assisting in challenging variances and unusual items in monthly P&L and key performance indicators and coordinating with AGR Subsidiary Accounting Teams and across departments (tax, regulatory, etc.) to resolve issues. Develops regular internal reports to communicate accounting developments of relevance to management. Ensures that the bases for accounting decisions are properly documented.
JOB REQUIREMENTS:

Education & Experience Required :

Bachelor's Degree in Accounting, Finance or related field at minimum M inimum of 7 years in accounting/auditing C ertified P ublic A ccountant or CPA-eligible candidate Accounting or financial experience in a management role required Direct and recent e xperience with SEC and US GAAP technical accounting and disclosure requirements E xperience with the Sarbanes-Oxley compliance including design of internal controls, evaluation, testing and remediation Public accounting/auditing firm experience preferred Skills/Abilities:

Detailed knowledge of US GAAP required Knowledge of power and/or utility accounting preferred Strong understanding of the economic and financial impact of all relevant documents (i.e. financing agreements, operating contracts, partnership agreements, etc.) Knowledge of IFRS accounting standards preferred Knowledge of FERC accounting standards preferred Strong leadership skills required Strong project management skills required Strong analytical and problem-solving ability required Excellent oral and written communication skills AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com
Please also note that AVANGRID currently has a COVID-19 vaccination Policy in place that, among other requirements, requires all employees to disclose their COVID-19 vaccination status. Any applicant who receives a conditional offer will be required to submit acceptable documentation regarding their COVID-19 vaccination status after receiving such conditional offer and prior to commencing employment. This Policy also requires all employees to either become fully vaccinated or to undergo weekly testing beginning on February 9, 2022. All AVANGRID policies may be modified or discontinued at any time, for any reason at the Company's full and sole discretion.
This job has been posted by TalentBoost on behalf of Avangrid. TalentBoost is committed to the fundamental principle of equal opportunity and equal treatment for every prospective and current employee. It is the policy of TalentBoost not to discriminate based on race, color, national or ethnic origin, ancestry, age, religion, creed, disability, sex and gender, sexual orientation, gender identity and/or expression, military or veteran status, or any other characteristic protected under applicable federal, state or local law.
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Keywords: Avangrid, Milford , Manager of Accounting Research, Accounting, Auditing , Milford, Connecticut