Requisition: 74141
PSEG Company: PSEG Long Island
Salary Range: $ 53,000 – $ 95,400
Incentive: PIP 5%
Work Location Category: Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
As a key member of the Accounting Services Department, the Associate Accountant will report to the Special Billing and Financial Controls Manager. The selected candidate will be someone who is highly motivated and an analytical thinker, working through problems in order to reach justifiable conclusions to support their team, by utilizing hands-on accounting experience and an in-depth understanding of US GAAP and Regulatory accounting principles. Provide support with Storm invoice validation and deliverables, also assisting with Month-End close and Purchase Power processes. Provide support with annual revalidation of internal key controls and liaise with Internal Audit regarding testing of annual finance controls.
Job Responsibilities
Key Accountabilities:
• Preparation of Storm Invoicing in accordance with the Amended and Restated Operating Services Agreement.
• Preparation of Storm Cost Reporting for O&M and Capital.
• Record journal entries with appropriate supporting documentation.
• Perform account reconciliations with explanations and supporting documentation.
• Support annual revalidation of Finance Key controls and support audit related to testing of annual Finance controls.
• Review SAP financial statements with the ability to identify and correct errors with respect to master data, processing of data, and reporting of data.
• Submit a detailed invoice listing with funding total to ensure bank account is pre-funded, verifying all invoices have been paid accurately and timely.
• Record receipt of funding in SAP and submit payment request in Catalyst – with appropriate support and documentation.
• Develop and maintain analytical and processing tools, spreadsheets, upload programs and databases to ensure financial data integrity, and enhance overall use of FI/CO modules.
• Review classification of balance sheet and income statement in the general ledger report and prepares necessary adjustments in accordance with generally accepted accounting principles (GAAP).
• Assists with various audit tasks, including providing support/and or documentation for internal and external audit and various ad-hoc projects and reports needed.
• Ensure the integrity of the books and records of the company.
• Responds to and resolves issues and requests from management teams (PSEG Long Island Lines of Business) and client (LIPA) regarding various accounting issues and reports, including Profit and Loss statements.
• Researches open accounting issues and recognize potential issues and/or conflicts so corrective actions can intercept and minimize issues.
• Develop relationships with key stakeholders in order to fully explain and support the implementation of PSEG-LI accounting policies and processes.
• Promote and implement procedural best practice by standardizing control checks and reporting in order to ensure all working practices are compliant with PSEG-LI policies, US GAAP and regulatory requirements.
• Protects organization’s value by keeping information confidential.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintain personal networks; participating in professional organizations.
• Keep up to date with financial regulatory developments in order to ensure the optimization of best practice for PSEG-LI.
• Participate in ad hoc projects; assist other areas and processes within Finance as needed.
Job Specific Qualifications
Required Qualifications, Competencies, Education or Experience:
• BS or BA in Accounting.
• Proven analytical and problem solving abilities.
• Proficient in MS Office (Word, Excel, PowerPoint).
• Knowledge of accounting and finance principles and practice under US GAAP.
Preferred Qualifications:
• CPA
• Strong interpersonal and communication skills.
• Ability to make sound judgments within established policies and procedures as well as challenge current processes in order to achieve greater efficiencies
• Experience in responding to audit requests and preparing audit responses with adequate support
• Strong analytical skills, with the ability to think from an objective perspective
• Proficient in SAP (FI module)
• Experience in working with data analysis tools (SAP BO/BI, SQL, SAAS, etc.)
• Advanced Excel skills and prior experience with MS Access
• Ability to work in a highly regulated field
• Knowledge and work experience with GASB accounting
This is a multli-level growth series position.
Minimum Years of Experience
Data Needed
Education
Certifications
None Noted
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
Candidates must foster an inclusive work environment and respect all aspects of diversity. Successful candidates must demonstrate and value differences in others’ strengths, perspectives, approaches, and personal choices.
As an employee of PSE&G or PSEG LI, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
Certain positions at the Company may require you to have access to 10 CFR Part 810 controlled information. If the position does require access to this information, the Talent Acquisition representative will provide further details upon making an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.
This site (http://www.pseg.com) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers.
PEOPLE WITH DISABILITIES:
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com. If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
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