Senior Director, Accounting (Regulatory Accounting of Regulated Utility)

Position Purpose

The Senior Director of General Accounting is a key leadership role responsible for overseeing and directing the company's general accounting, regulatory accounting, and management & services (M&S) accounting functions. This role will serve as a strategic partner to senior finance leadership, ensuring the integrity of accounting records, compliance with regulatory requirements, and the continuous improvement of accounting processes.

Primary Duties/Responsibilities

• Provide day-to-day leadership, direction, and oversight to the General Accounting, Regulatory Accounting, and M&S Accounting teams, ensuring accurate and timely execution of all accounting activities.
• Monitor and review journal entries, account reconciliations, and transactional activity to ensure accuracy and compliance with GAAP, IFRS and applicable regulatory accounting standards.
• Ensure timely and accurate completion of regulatory accounting entries, regulatory assets and liabilities roll-forward, and deferred cost tracking in accordance with ASC 980 and applicable regulatory requirements.
• Review M&S cost allocations and inter-company billings to ensure proper recording and compliance with cost allocation methodologies.
• Review and approve balance sheet account reconciliations, ensuring all reconciling items are properly documented and resolved within established timelines.
• Support Rates and Regulatory Affairs (RRA) during rate case proceedings, providing financial data, testimony support, data requests and accounting analysis as required.
• Oversee the preparation and submission of annual regulatory reports and support RRA for any other required regulatory filings.
• Partner with FP&A, Tax and business unit leaders to provide accounting insights and historical data analysis to support budgeting and forecasting, business decision making, and process optimization.
• Serve as a point of contact for external auditors during the annual audit, managing the preparation of audit schedules, responding to auditor inquiries, and ensuring timely resolution of audit findings.
• Conduct periodic performance reviews for direct reports, establish individual development plans, and identify training and growth opportunities to build team capabilities.
• Identify, champion, and lead process improvement initiatives across the general accounting, regulatory accounting, and M&S accounting functions to enhance efficiency, accuracy, and scalability.
• Partner with Internal Control and Compliance to strengthen the internal control environment and proactively address control gaps or deficiencies.

Qualifications

• Bachelor’s degree desired in Accounting, Finance or related field.
• Masters in Business Administration or CPA license is a plus.
• 10-15 years of progressive accounting experience with experience managing accounting teams.
• Demonstrated experience managing month-end and year-end close processes in a multi-entity environment.
• Proven ability to lead, develop, and retain high-performing accounting teams.
• Experience with the implementation of State Public Utility Commission Rate Orders.
• Knowledge and Expertise in:
• Regulatory accounting of regulated utilities in the United States
• Generally Accepted Accounting Principles (GAAP) requirements
• IFRS accounting requirements