Avangrid Director - Technical Accounting in Portland, Maine
Director - Technical Accounting
Company: AVANGRID MANAGEMENT COMPA
Portland, ME, US
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com (https://www.avangrid.com/wps/portal/avangrid/home)
The Director, Technical Accounting is responsible for the accounting standards in accordance with US GAAP and IFRS, and the application of technical accounting across the Avangrid Group (AGR), which includes both regulated and non-regulated business affiliates in the Power and Utilities industry. This position will have two direct reports. He or she will be responsible for providing the strategic direction for the technical accounting team and acting as AGR’s subject matter expert for technical accounting matters.
This position will partner closely with Business Control, Financial Planning & Analysis, Investment Planning & Analysis, Tax, Treasury and other teams across the organization to provide technical accounting guidance to ensure transactions are accounted for accurately. He or she will partner with the SEC Reporting team to prepare and review sections of AGR’s quarterly SEC filings (10-Q/K) and build strong relationships with external and internal auditors.
•Provide oversight of technical accounting policies and proactively assess the impact of new U.S. GAAP and IFRS accounting standards.
•Communicate accounting policies and quality standards to the rest of the AGR Subsidiary Accounting Teams.
•Coordinate with IB.SA all Group policies regarding IFRS, related with updates, new standards implementation or accounting memos.
•Proactively participate in the analysis of complex accounting matters, communicating results succinctly for non-accountants to understand
•Ensure that accounting policies are well understood and partner with various teams to reinforce and operationalize accounting policies
•Establish themselves as a key business partner and “go-to” resource to provide technical accounting guidance to senior management and others
•Support AGR’s quarterly, annual SEC filings, and IFRS reporting, and partner with the SEC Reporting team during the quarterly reporting cycle
•Embed a culture of teamwork and continuous process improvement to drive efficiency and future scalability with excellent customer service levels
•Lead cross-functional and cross-regional implementation of various finance initiatives
•Influence decision making within a matrix management structure that positively impacts strategic business objectives
•Develop a team of high-performing professionals that add-value and contribute to AGR’s success
•Incorporate and maintain SOX controls within the Technical Accounting function
•Work closely with the external and internal auditors to ensure timely and successful resolution of technical accounting matters.
Skills and Requirements
Education & Experience Required:
•A minimum of 12 years’ experience, with regulated utility accounting preferred
•Bachelor’s Degree in Accounting, Finance or related field required
•CPA or Chartered/Certified Accountant licensed required and public accounting/auditing firm experience
•Progressive accounting or financial experience in a management role required, working in a large and fast paced environment
•Experience in preparation or audit of financial statements required
•SEC accounting, reporting and disclosure experience preferred.
•Thorough knowledge of US GAAP and IFRS, strong technical writing skills and experience in the implementation and handling of complex U.S. GAAP and IFRS accounting matters with proven ability to research and clearly articulate and document complex technical accounting issues
•Ability to work well under pressure; strong problem-solving skills and ability to manage multiple projects simultaneously
•Excellent inter-personal skills and a proven ability to build and maintain stakeholder relationships at all levels
•Ability to think strategically and support business objectives while effectively balancing risk/reward trade-offs
•Strong communication, interpersonal and influencing skills and ability to work effectively in a matrix management structure in a complex and diverse, multi-cultural environment
•Self-directed and motivated to continuously improve processes to exceed customer expectations and help promote a best-in-class organization
•Knowledge of FERC accounting standards preferred
•Strong leadership skills required
•Technical accounting knowledge for Utilities and Power industry
Please also note that AVANGRID currently has a COVID-19 vaccination Policy in place that, among other requirements, requires all employees to disclose their COVID-19 vaccination status. Any applicant who receives a conditional offer will be required to submit acceptable documentation regarding their COVID-19 vaccination status after receiving such conditional offer and prior to commencing employment. This Policy also requires all employees to either become fully vaccinated or to undergo weekly testing beginning on February 9, 2022. All AVANGRID policies may be modified or discontinued at any time, for any reason at the Company’s full and sole discretion.
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Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link (https://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)
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