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Senior Accountant I

Company: Power Authority of the State of New York
Location: White Plains
Posted on: June 15, 2020

Job Description:

SummaryAn Accountant performs professional accounting work at NYPA as assigned relating to the compilation, treatment, and analysis of financial data. The Accountant maintains accounting records and prepares financial statements in accordance with US Generally Accepted Accounting Principles (US GAAP), and provisions of bond resolutions to maintain accountability for assets. Independently works on complex accounting activities including financial statement preparation and preparation of more difficult account analyses and journal entries. Responsible for analysis of data presented in financials on a monthly basis.Responsibilities Maintain Accounting policies and procedures and internal control documentation. Review of internal control documentation by appropriate parties to ensure documentation is updated as applicable. Monitor internal and external environment for emerging accounting and financial control issues and help to formulate NYPA's position with respect to emerging issues in accounting for and reporting its utility transactions. Determine the impact of pronouncements and rules issued by accounting standards-setting bodies, tax authorities and state legislation that affect NYPA's accounting and financial reporting. Take an active role in the preparation of financial statements and relative analyses, including the preparation of financial statement notes for the mid-year financial reporting and the annual report. Address accounting issues & internal controls relative to derivatives, hedging, and other risk management activities. Record and provide reporting on such transactions. Provide assistance and support as needed in coordinating audits conducted by external parties, including external audits of financial statements and other government mandated audits, as well as internal audit activities. Compile and prepare accounting analyses and statements when required. Ensure that the accounting/reporting processes, policies and procedures in areas of responsibility are in compliance with established NYPA policies, financial regulations and acceptable accounting practices. Identify and address problematic areas in these systems. Independently or jointly conduct special reviews, prepare analysis, and provide recommendations to management in an effort to streamline practices and procedures. Participate in special studies/projects as assigned and lend guidance on accounting, financial and tax processes, policies and procedures. Advise personnel in other departments, facilities, and outside entities on accounting, financial and tax policies and procedures. Knowledge, Skills And Abilities Strong knowledge of US GAAP-Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) pronouncements with ability to apply to real world situations. Knowledge and demonstrated analytical skills in Financial Reporting and Internal Controls. Ability to research and analyze complex transactions to determine impact on financial statements and forecasts. Knowledge and a developed understanding of internal controls and how they impact the integrity and accuracy of accounting records and financial reports. Strong researching ability and analytic skills. Strong ability to interpret financial results and present analysis to management. Established working knowledge of computerized accounting systems, as well as a good understanding of PC software systems with proficiency in the use of Microsoft Office Suite (Excel, Word, etc.). Ability to analyze and initiate change to allow for more efficient processes. Ability to organize and coordinate the assigned workload in order to meet strict deadlines. Strong and effective oral, written and interpersonal communication skills are required for dealing with internal staff and management. Strong negotiating skills and diplomacy in obtaining deliverables from other departments/facilities. Ability to assist and coordinate the work of Accountants and Accounting Assistants as needed. Basic knowledge of hedge accounting and derivatives is preferred. Knowledge of utility industry is preferred. Knowledge of statutory taxation is preferred. Education, Experience And Certifications Bachelor's degree in Accounting, Finance. Advanced degree in Accounting or Finance is preferred. Minimum of 7 years of demonstrated experience in multiple disciplines of Accounting (Financial Reporting/ Internal Controls). Experience in Accounting within the electric utility industry is preferred. Physical RequirementsLimited travel (about 10%) required primarily to our generating facilities.Military Occupational Speciality CodesMOS - ArmyMOS - Marines: MOS - NavyThe New York Power Authority is an Equal Opportunity Employer

Keywords: Power Authority of the State of New York, White Plains , Senior Accountant I, Accounting, Auditing , White Plains, New York

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