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Sacramento Municipal Utility District Manager Accounting & Assistant Controller in Sacramento, California

Title: Manager Accounting & Assistant Controller

Department: Financial & External Reporting

Location:

Sacramento, CA, US, 95817-1899

Category: Accounting/Financial

Minimum Pay Rate: $132,080.00

Maximum Pay Rate: $174,928.00

Posting Type: Open

This posting will remain open until a sufficient quantity of qualified applicants are received and may close without notice anytime after 7/11/2024. Applicants are encouraged to apply early.

This posting intends to fill one (1) regular full-time vacancy AND establish an eligibility list that may be used to fill future vacancies for up to two (2) years.

This posting is for one of the three Manager - Assistant Controller positions. This position will manage the month-end and year-end closing activities of SMUD’s consolidated financial statements. Responsibilities will also include:

  • Managing the preparation of SMUD’s consolidated financial statements in accordance with SMUD standards, GAAP, FERC and GASB guidelines including the analysis of the financial statement actual vs. budget variances and monthly executive summary to the Board of Directors

  • Overseeing the implementation of new Governmental Accounting Standards Board (GASB) pronouncements and accounting research

  • Managing the audit of the year-end consolidated financial statements, audit schedules and coordination with our external auditors

  • Managing the accounting and billing of grants received from federal and state agencies

  • Managing the monthly and annual accounting for three external Joint Powers Agency including annual budgets and year-end audit of the financial statements

This position supervises two Principal Accountants and reports to the Director of Accounting, Controller.

Purpose

The Manager of Accounting & Assistant Controller plays a crucial role in overseeing the financial operations of SMUD. Ensures the delivery of accurate and timely financial data to support strategic decision making and compliance with financial reporting requirements in accordance with Generally Accepted Accounting Principles (GAAP), Federal Energy Regulatory Commission (FERC) and Governmental Accounting Standards Board (GASB) by providing accounting technical expertise and management over multiple accounting areas including Cash Management, Accounts Payable, Payroll, Joint Power Agencies, Property and Plant, Debt, Electric Power and Gas Commodity Costs, Electric Revenues, Grants, Financial Reporting, Accounting and Tax Research and Reporting.

Nature and Scope

Guides the development, implementation and management of department goals, objectives, policies, and priorities in partnership with the department Director; selects, trains, motivates, evaluates, and develops subordinate personnel and ensures that department strategic objectives and priorities are achieved and coordinated with other departments.

Duties and Responsibilities

  • Oversees the day-to-day operations of the accounting department, including accounts payable, accounts receivable, general ledger, property & plant, cash management, and payroll functions.

  • Ensures timely and accurate preparation of financial statements, reports and analyses in accordance with GAAP, GASB and regulatory requirements.

  • Manages the monthly and annual close processes, including the review and reconciliation of balance sheet accounts, and the assessment and preparation of the monthly financial reports.

  • Manages the annual audit process including coordination with external auditors and preparation of the year-end audited financial statements and disclosures.

  • Oversees the preparation and submission of regulatory filings, tax returns, official statements for issuing debt, and other financial documentation as required.

  • Supervises the research, evaluation and implementation of accounting regulation and tax legislation, including presentation of SMUD’s position on proposed accounting regulations to regulatory and standard-setting agencies.

  • Supervises SMUD’s Grant function by providing expertise, billing and administrative support for federal and state grant programs.

  • Implements and maintains effective internal controls to safeguard company assets and ensure compliance with policies and procedures.

  • Provides financial assessments and insights to support decision-making processes, including variance analysis and trend identification.

  • Stays current with industry trends, regulatory changes, and best practices in accounting and finance, and recommends process improvements as needed.

  • Supervises, mentors, and develops accounting staff, fostering a culture of accountability, collaboration, and continuous learning.

  • Supports the Controller with special projects, audits, and other initiatives as assigned.

  • Performs other related duties as needed to include working outside of typical business hours when necessary.

Required Education

  • A Bachelor’s degree with major course work in Accounting, Finance or other closely related discipline from an accredited college or university.

Required Experience Qualifications

  • At least seven (7+) years of progressively responsible relevant supervisory work experience in accounting, including preparation of financial statements and related disclosures, coordinating the annual independent audit process, complying with grant reporting requirements, payroll and asset accounting, management of operations such as accounts payable/receivables, and other related accounting functions.

Knowledge Of

Accounting fundamentals, financial reporting standards, and regulatory requirements applicable to electric utilities or similar industries; financial systems and software, such as SAP, Oracle, or similar ERP systems; fundamentals and techniques of supervision and management; business planning methods and techniques; Human Resources record keeping systems; budgeting methods and techniques; federal, state and local laws and regulations governing supervision of staff; safety policies, practices and procedures.

Skills To

Analytical skills with the ability to interpret complex financial data and communicate insights effectively to non-financial stakeholders; interpret complex financial data and communicate insights effectively to non-financial stakeholders; demonstrate strong leadership abilities, with a track record of building and motivating high-performing teams, coaching, mentoring and developing staff; demonstrate detail-oriented abilities with a commitment to accuracy and integrity in financial reporting and compliance; exhibit excellent organizational skills; manage multiple priorities and meet deadlines in a fast-paced environment; demonstrate strong interpersonal and communication skills, with the ability to collaborate effectively across departments and at various levels within the organization; work with People Services & Strategies to administer all human resource programs, processes and procedures; manage staff, including but not limited to, performance evaluations, disciplinary action, separation, timecard administration, training, scheduling work, and assigning and monitoring work; utilize a personal computer, computer systems and software relevant to the job.

Desirable Qualifications

• Utility experience

• Active CPA license

• Work experience in GASB & FERC accounting

Physical Requirements

Applicants must be able to perform the essential job functions with or without a reasonable accommodation.

Sacramento Municipal Utility District (SMUD) - Who We Are

As the nation's sixth-largest community-owned electric service provider, we're proud of our reputation as one of the best places to work in Sacramento. Our employees tell us in our engagement surveys they're "Happy, satisfied and engaged" which helps create a workplace that best serves our customers. Sacramento was named as the 2nd happiest place to work in America by Forbes Magazine. Lake Tahoe, San Francisco and the world-renowned Napa Valley are within easy driving distance of our locations.

Our Commitment to Diversity & Inclusion

SMUD celebrates diversity, and inspires an inclusive culture based on trust and respect to create belonging and connection among our employees, customers, and communities. By working together, we are powering positive, equitable opportunities for all. We aspire to be a workplace where you can be yourself, achieve your best, and thrive together.

An example of our commitment to Diversity, Equity, Inclusion, and Belonging is when SMUD signed the California Equal Pay Pledge in 2020. This requires equal pay for employees who perform “substantially similar work,” when viewed as a composite of skill, effort, and responsibility at the time those employees started within that classification. As such, initial hiring salary range is not subject to negotiation and salaries will vary over time based on performance.

SMUD is proud to be an equal opportunity employer. We do not discriminate in employment decisions on the basis of race, color, religion, gender (including pregnancy), national origin, political affiliation, sexual orientation, gender identity or expression, marital status, disability, genetic information, age, veteran status, or any other applicable legally protected characteristic. All employment decisions are made on the basis of individual qualifications, merit, and business needs and interests.

Why Sacramento, California?

The capitol of California, Sacramento is the state's sixth-largest city, and the 35th largest in the U.S. Local universities include California State University, University of the Pacific's McGeorge School of Law, and the University of California, Davis and several competitive community colleges. The UC Davis Medical Center, a world-renowned research hospital, is one of more than a dozen hospitals and shared services centers in the Sacramento region. Part of the agriculturally-rich Central Valley, Sacramento is at the forefront of the farm-to-fork food movement. Northern California is home to some of the country's top technology companies, including Google and LinkedIn, and a multitude of startups in many industries. Sacramento is home to the NBA Kings, the River Cats (AAA baseball), the Republic FC (soccer) and the San Francisco Giants, NBA Warriors and NFL 49er's aren't far away. Sacramento offers an affluent liberal arts community with Broadway, Mondavi Center, Crocker Museum and summer musical theater to name a few.

Hybrid Work

This position may be eligible for SMUD's remote work employee benefit, the schedule of which will be determined by the successful candidate and the Hiring Manager. SMUD takes pride in powering the Sacramento region community where we live and work. We value the strong working relationships we develop with our colleagues. Our approach to remote work will continue to evolve. Please be aware that should SMUD’s business needs change, emergencies occur, or various other reasons arise, you may be required to report onsite on a part-time or full-time basis.

SMUD provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. SMUD complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

SMUD expressly prohibits any form of unlawful employee harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of SMUD employees to perform their expected job duties is absolutely not tolerated.

Req ID: 1511

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