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Madison Gas & Electric Utility Accounting Analyst II in Madison, Wisconsin

Utility Accounting Analyst II

Location Madison

Job Category Accounting/Finance

# of openings 1

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This key role will provide advanced support in the accurate calculation, reconciliation, and reporting of gas costs and recoveries. The role will also provide advanced accounting support under general direction to accomplish accounting and finance department initiatives.


  • Prepares estimated gas-related cost information for reports and journal entries for actual gas-related cost information.

  • Reviews details and calculations for reasonableness.

  • Evaluates nature of charges and properly assigns costs to detailed general ledger and rate-based accounting.

  • Reconciles and amends reports and prepares journal entries for actual gas-related cost information.

  • Analyzes budget vs. actual and year-over-year variances. Provides written explanations for monthly, quarterly, and annual variances.

  • Performs calculation of monthly unbilled gas revenues.

  • Prepares the monthly purchased gas adjustment regulatory filing by compiling gas recoveries and cost information.

  • Updates and reconciles summary reports to general ledger account activity and balances.

  • Provides analysis of gas-related supply and transportation service purchases and sales for payment or issuance of monthly invoices.

  • Performs general accounting functions, including analytics, journal entries, and project transactions for jointly owned facilities, which are owned and operated by other Wisconsin utilities.

  • Participates as liaison between the Company and other Wisconsin utilities for jointly owned facilities.

  • Evaluates potential process improvements to create efficiencies.

  • Participates in effective relations and communications with internal and external auditors. This role supports, documents, and analyzes auditor requests for Internal Audit, Sarbanes-Oxley, PricewaterhouseCoopers, and the Public Service Commission of Wisconsin.

  • Provides additional reports and updates to internal departments as requested, further analysis on special projects or issues, and advanced statistical development for the Company.


Education and Experience

  • Bachelor's degree in Accounting, Finance, or a related field.

  • Interest in obtaining CPA (paid for by employer) preferred.

  • A minimum of two years of relevant work experience preferably within the energy/utilities industry or another highly regulated field.

  • Prior auditing experience is desired.

Knowledge and Skills

  • Advanced financial and data analysis techniques.

  • Advanced computer skills and ability to use software applications for analyzing andreporting data.

  • Advanced understanding of accounting systems and financial statements.

  • Excellent attention to detail and commitment to producing accurate, timely work.

  • Advanced ability to multitask, work under pressure, manage workload, meet deadlines, and quickly adapt to changing priorities.

  • Advanced ability to be an inclusive and effective team player.

  • High standard of written and oral communication skills.


MGE is a community energy company dedicated to planning and providing reliable energy that balances the needs and values of those we serve. MGE has ranked in the top three utilities in the country for the fewest number of outages in each of the last 15 years. MGE is an investor-owned, government-regulated public utility that generates and distributes electric power to 159,000 customers and purchases and distributes natural gas to 169,000 customers in south-central and western Wisconsin. MGE's parent company is MGE Energy, Inc., a public utility holding company. Its common stock trades on the NASDAQ Stock Market. For more information, visit and


The position is hybrid, and office days are in downtown Madison, Wisconsin, where MGE is an active participant in community efforts to preserve the area's extraordinary quality of life. Madison is the capital of Wisconsin and a major research and technology city. The area's strong quality-of-life factors include a vibrant economy; urban, suburban, and rural living options; nationally acclaimed public university and public secondary school systems; rich cultural, recreational, and outdoor offerings; and a favorable cost of living.

For more information about Madison's advantages as a place to live, please visit

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