Principal Technical Accounting Analyst

Technical Accounting performs derivative accounting assessments, helps business partners understand the accounting implications of alternative structures, researches complex accounting issues, implements accounting standards, and educates others on accounting topics, including preparing and supporting the application of company accounting policies. The work of this high-profile team provides challenge, variety, and exposure to key individuals throughout the company.

About the role

This role reviews and provides guidance/coaching on commodity and derivative accounting, including journal entries, disclosures, and documentation. The successful candidate will work with business partners to evaluate potential opportunities and challenges using their deep understanding of technical accounting, then synthesize research, provide perspective, and develop implications for the line of business and/or company. The position leads ad hoc teams, coaches junior employees, and provides thought leadership to Corporate Accounting.

This position is hybrid, working remotely and on-site at an assigned work location within the PG&E Service Territory based on business need, averaging one day per week on-site.

Reports to the Director, External Reporting & Technical Accounting.

Responsibilities

• Responsible for maintaining accounting policies, reporting requirements, rules, and regulations:
  • Performing analyses and documenting accounting conclusions for complex issues
  • Developing recommendations to senior leadership
  • Supporting the maintenance of comprehensive accounting policies
• Ensures accuracy and compliance with U.S. GAAP and other accounting regulations:
  • Contributing and/or leading implementation of new accounting standards and quantification of accounting impacts
  • Reviewing accounting conclusions for commodity power purchase agreements
  • Reviewing journal entries and disclosures for mark-to-market, price risk management, fair value, and other areas
• Establishes and maintains relationships with business partners:
  • Building and maintaining relationships with key business partners (e.g., Energy Procurement, Law, Treasury, Corporate and Capital Accounting) to contribute to early identification of transactions and changes that could have potential accounting/reporting impacts
  • Assisting in the development of education and training for the business on accounting topics
• Assists in the set-up of processes, procedures, and other improvement efficiencies:
  • Contributing to the improvement in the effectiveness of communications with business partners and gaining efficiencies during monthly close and reporting
  • Contributing to department and company initiatives to improve processes and understand/translate financial data

Qualifications

• Minimum 8+ years of relevant accounting experience, including technical accounting
• BA/BS or equivalent in Accounting, Economics, or Business
• Desired: CPA license
• Desired: MA/MS in Accounting
• Minimum of 3 years of utility experience
• Utility accounting experience (e.g., ASC 980)
• Technical accounting experience working with derivatives, leases, revenue recognition, etc.
• Excellent writing skills
• Ability to manage a variety of projects and timelines
• Excellent interpersonal and communication skills
• SEC reporting experience
• Public accounting experience
• Typically 10 years of relevant experience
• Master’s Degree

Pay

PG&E provides the salary range for this position based on the locality of the job. The actual salary will be determined by factors such as skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. The salary range for this role in the Bay Area is:

• Minimum: $128,000
• Midpoint: $173,000
• Maximum: $218,000

This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.