Senior Accountant

About the role

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit‑miles of high‑voltage transmission lines, dispatching power from hundreds of generating units across the state. This position leads the organization’s daily financial reporting, regulatory reporting, and budgetary analysis processes.

Responsibilities

• Prepare journal entries and provide correct supporting documentation.
• Prepare account reconciliations for assigned general ledger accounts on a daily and/or monthly basis.
• Prepare schedules for inclusion in the Monthly Financial Report.
• Cross‑train other Accounting and Senior Accounting staff and accept cross‑training from team members.
• Assist Finance Management in developing administrative policies and procedures.
• Suggest process enhancements and improvements to internal control structure.
• Lead and participate in coordination of internal and external audits.
• Maintain confidentiality of designated information.
• Assist with special projects and complete other financial analysis and reporting as requested.
• Coordinate all activities needed for development of NYISO’s annual budget.
• Compile budget requests from departmental representatives and prepare financial analyses of budget trends and historical data.
• Manage the review of NYISO’s budget vs. actual monitoring processes.
• Obtain updated budget projections, trends, and other data from department representatives.
• Prepare budget vs. actual status reports for review by Senior Management and Market Participants.
• Prepare the monthly project budget vs. actual reconciliation and the resulting capitalized software entry.
• Assist in preparation for month‑end close, specifically reviewing prepaid and accrued expense schedules.
• Coordinate with Manager to prepare the annual income tax return (Form 990) and review with external auditors before IRS submission.
• Coordinate with Manager to prepare the annual Char 500 filing.
• Assist in preparation of annual and quarterly reports to FERC and review with external auditors before submission.
• Prepare annual census reports and lobbying reports; review with Finance Management prior to submission.
• Prepare excise sales tax filings; review with Finance Management prior to submission.
• Lead monthly departmental Budget vs Actual reviews with management and senior leadership.
• Record receipts of services in Financial Reporting software.
• Serve in a backup role to Senior(s) primary responsible for Financial Reporting.
• Serve in a backup role to present the monthly budget vs. actual report to NYISO’s Market Participants at monthly Business Priority Working Group (BPWG) meetings.
• Coordinate activities needed for month‑end close; ensure all account reconciliations are performed and reviewed.
• Prepare monthly financial statements for Finance Management review and perform variance analyses on key financial statement line items.
• Research implications of new accounting pronouncements on NYISO’s financial statements, systems, and procedures.
• Develop recommendations for debt financings and interest rate management; coordinate with Finance Management to negotiate financing terms with lenders.
• Review loan and other financing documents; prepare information required for financing approval petitions.
• Conduct treasury functions such as monitoring compliance with debt covenants and preparing cash flow projections.
• Lead all activities required to complete the annual financial statement audit.
• Prepare monthly reconciliation and analysis of tax‑deferred 457b and tax‑deferred benefit plans (flex spending, dependent care).
• Prepare monthly benefit plan reporting (pension, post‑retirement VEBA and 401k) to NYISO management and senior leadership.
• Prepare semi‑annual benefit plan reporting to the NYISO Board of Directors; review with Finance Management prior