Avangrid Lead Analyst-Corporate Functions Control in Portland, Maine
Lead Analyst-Corporate Functions Control
Company: AVANGRID MANAGEMENT COMPA
Portland, ME, US Orange, CT, 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)
Acts as a single point of control and contact for assigned business units to ensure each unit 1) remains compliant with budget; 2) is accurate and compliant with applicable laws and regulations and 3) is compliant with the ONECORP model, which focuses on standardizing and aligning certain processes across Group companies. Primary activities relate to identifying discrepancies in, and driving corrections to, relevant SAP data, while maintaining a strong working relationship with units and providing influence, knowledge, and resources to help reduce future discrepancies and deviations. Core areas of responsibility include reviewing and analyzing budget entries; reviewing materials and services requisitions; maintaining SAP analytical orders (AOs); analyzing spend and other activity and generating relevant reports for management, units, and auditors; answering questions from units and providing education and training on budget, accounting, and ONECORP compliance; and other assigned areas of responsibility or special projects relevant to reviewing units Control activity against applicable standards.
Budget Control: Monitors and controls SAP budget load and budget revisions of assigned units. Prepares budget planning timelines, specifications, and instructions for all approved processes and communicates those to process owners. Works closely with units to resolve budget issues and develop solutions. Provide updates, direction, and resources to unit. Review and process budget transfer requests. Ensure that units meet ongoing planning requirements and support end users in SAP budget activities.Reporting and Analysis: Prepares and analyzes budget reports, variance reports, KPI reports, and similar. Provides reports to individual operating company affiliates, management, auditors, and other stakeholders as required. Makes recommendations based on trends, variances, and compliance with internal and external standards. Monitors and reacts to SAP system updates or errors that may impact accuracy of reporting. Requisition Control: Monitors and controls all incoming requisitions for materials and supplies. Review for accuracy and adherence to budget, accounting standards, and ONECORP model. Approve or reject as needed. Provide reports and resources to unit end users as needed, such as requisition status, direction regarding material codes and cost elements, PO analysis and direction, and related SAP support. Order and Asset Control: Creation and control of new analytical orders and assets in SAP. Review requests for new orders and ensure accuracy in creation. Close orders no longer needed, communicate changes, and support resolution of any related impacts to the units. Related Control Responsibilities: This role also includes contributing to special projects, and may also include specializing in specific areas within the department, dependingon business needs. Examples include but are not limited to: assisting with the development of short- and long-term budget projections; contributing information for regulatory and compliance reporting; participating in internal and external audits; developing end user resources and training materials to assist units in common tasks such as budget load; monitoring and controlling intercompany charges, labor recharges, and shared costs; monitoring headcount reporting; and similar.
Skills and Requirements
Associates Degree in Finance, Accounting or a related field, or the equivalent combination of education and experience. Minimum 5 years’ experience in financial analysis, accounting analysis, or a similar role, as relates to the primary tasks of the job (candidates with a minimum of 3 years’ experience may be considered for hire at a lower level). Experience using an ERP system such as SAP, Oracle, or similar. Working knowledge of US GAAP and/or IFRS (at least one is required; both is preferred) Proficiency in MS Excel. Experience with sophisticated financial models and financial statement development and analysis (experience with utility statements preferred).
Skills/Abilities: Experience using SAP Financial System modules. Experience in budgeting process development, input, and reporting. Energy industry experience. Proficiency in MS PPT and/or MS Access. Additional education or relevant certifications in Accounting or Finance fields. Experience in successfully influencing and/or securing buy-in from members of management for projects and initiatives.
Develop Self & Others
Empower to grow
Collaborate and Share
Be a role model
Focus to achieve results
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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