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Cleco Director - Technical Accounting & Controls in Pineville, Louisiana

Depending on the volume of applications, this position may close to external applicants before the job posting end date expires.

Role Summary

The Director, Technical Accounting is a senior level professional with deep and extensive knowledge and vast experience with Technical Accounting principles, practices and concepts, responsible for providing accounting policy expertise to senior management and business group managers. The incumbent will be able to identify, evaluate, debate, and document complex technical and Operational Accounting issues, and should be able to describe and implement complex Technical Accounting concepts and liaise directly with cross-functional teams across the organization, executive leadership, external auditors, and Finance leadership team.

The incumbent will focus on Accounting and Finance policies, Accounting Research, issue resolution, assist with periodic filings, and ensure compliance with various regulatory requirements, and drive continuous process improvement and education across the organization. The incumbent will have responsibility to develop the processes and internal controls associated with the identification, documentation, communication and implementation of proposed and new accounting standards, and the accounting for complex financing, mergers and acquisitions and other new and unusual transactions. The incumbent will also focus on Accounting related projects and overseeing financial controls, and governance and will be responsible for the performance and development of the team.

Key Responsibilities

  • Lead strategic organizational projects related to Accounting (transactions, new acquisitions etc.) and manage the review of complex Accounting areas and matters (e.g., Regulatory Accounting, revenue recognition, consolidation, acquisitions, restructuring)

  • Support the Controller in meeting business expectations for Technical Accounting, including two-way communication between finance team and business stakeholders including legal, commercial, and regulatory teams

  • Proactively monitor emerging accounting standards during the exposure draft period, interprets ambiguity and impacts to all business divisions, prepares technical accounting position papers, and works with external auditors through the review process. This includes the activities of all accounting standard setting and regulatory bodies (e.g., FASB, EITF, SEC, PCAOB, FERC, AICPA)Partner with appropriate management division and business line to implement new accounting and reporting guidance as required, to ensure Cleco is compliant on all requirements and standards considering evolving business scenario and portfolio

  • Participate in providing senior management with impact analysis of the new Accounting principles and makes recommendations on strategies to optimize the impact

  • Champion a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence

  • Plan and implement detailed Accounting policies surrounding US GAAP and other Accounting standards as relevant, and ensures that Accounting documents are prepared and organized in line with the organization’s accounting policies

  • Work closely with business leaders and other corporate control teams to prepare, determine, and maintain these policies

  • Ensure project management with respect to the adoption of new Accounting standards by preparing roadmaps and overseeing the implementation progress; and preparing and reviewing financial reporting impacts and disclosures from the adoption of the applicable new Accounting standards

  • Lead the preparation of detailed documents, identifying key controls, testing of control environment, and ensuring its stability on a continuous basis

  • Assist with other internal control matters, including design, implementation, testing and remediation

  • Assist in the coordination of all external and internal audits including the resolution of open comments and findings in close partnership with the Audit team

  • Serve as escalation point for Technical Accounting team to report risks to delivery, ensuring business expectations, goals and objectives are understood and met across the team

  • Identify and integrate new technologies/current systems and analytical techniques to enhance/streamline current Accounting processes and provides additional insights to drive positive impact for the business

  • Expand and share US GAAP and other necessary external Regulatory Accounting knowledge with various team members through Accounting issue resolution, development of policies and procedures, training and communication

  • Oversee and manages the performance of Technical Accounting team, lead and guide the work of technical staff, monitor progress, and hold them accountable to defined project milestones

  • Manage relationships with and oversee work performed by outside advisors in respect of due diligence, Purchase Accounting and other necessary deliverables in respect of special projects and transactions

  • Ensure alignment with other functions across the Enterprise

  • Leads all project teams to achieve function’s targets through highly complex objectives, milestones, obstacles and priorities while focusing on delivering 1-3-year plans aligned with Cleco’ s vision

  • Oversee, manage and accountable for departmental targets, and has ability to support strategic decisions with analytical data and deep insights

Qualifications

  • Bachelor’s degree in Finance, Accounting, or Business, Master’s preferred

  • Certified Public Accountant (CPA) designation required, Public Accounting experience highly preferred

  • 10+ years of progressive Accounting or Technical Accounting experience

  • 2 - 5+ years of people management experience

  • Experience with Transaction Accounting and Structuring

  • Experience in researching and clearly documenting Accounting issues and applicable Accounting standards

  • Experience with Accounting and Financial strategy development

  • Experience with Utility Accounting and Finance experience

  • Experience with Financial Systems

  • Experience and ability to lead staff across projects towards a common vision

  • Strong business acumen pertaining to the utility industry

  • Core knowledge of Accounting principles, theories and concepts, and strong knowledge of related Local and Federal laws and regulations

  • Ability to negotiate and influence with a consultative approach

  • Strong knowledge of leading practices for Technical Accounting practice area

  • Strong planning, project management, communications, negotiation, writing, speaking, and listening skills

  • Strong analytical and critical thinking skills to interpret business, workforce and Finance KRAs/KPIs/metrics into actionable insights and decision making

  • Maintain a strong knowledge of industry and technology trends; and regulatory requirements for Technical Accounting

  • Ability to exercise sound judgment in multiple types of businesses with little direction/guidance but also knows when to escalate issues to Controllership Vice President

  • Ability to function effectively within a team environment, present ideas and opinions in a respective and collegial manner

  • Strong customer focus with an employee experience mindset

Competencies

Behavioral

Balances Stakeholders

Builds Effective Teams

Business Insight

Ensures Accountability

Strategic Mindset

Technical

Business Partnering

Core Accounting

Financial Reporting & Data Analysis

Cleco is a privately owned regional energy holding company with two primary businesses. Cleco Power, our regulated electric utility business, owns ten generating assets with a total nameplate capacity of 3,357 megawatts and serves approximately 290,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. Cleco Cajun, our unregulated electric utility business, owns eight generating assets with a total nameplate capacity of 3,555 megawatts and contracts that serve nine Louisiana cooperatives, five wholesale municipal customers and one electric utility.

In business since 1935, Cleco has deep roots. For more than 85 years, Cleco has kept pace with the ever-changing energy industry to serve its customers. Our corporate office is in Pineville, La. We have offices and 1,500 employees across the state near major cities like New Orleans, Baton Rouge and Shreveport. If you like great music, food and nature, with a dash of eccentricity, then Louisiana is a good place to call home.

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