Director Accounting Operations

Company: New York Power Authority
Location: White Plains
Posted on: June 24, 2020

Job Description:

This position is part of the Controller's organization and reports to the Controller. The Director Accounting Operations Analytics, is responsible for various aspects of accounting, controls and quantitative and qualitative analysis. This includes working with different functional departments to evaluate financial impact and viability of key projects, analyze key financial indicators, create and maintain financial dashboards, evaluate internal control environment and develop control assessment plan, review and update technical accounting policies.
The selected candidate will focus on applying lean six sigma techniques to various financial processes to improve efficiencies and identify/promote cost savings initiatives. In addition, this role is responsible for overseeing fixed and cost accounting activities that are critical to the organizations success.
(S)he will be responsible for expanding and sharing U.S GAAP accounting knowledge with various team members through an accounting issue resolution, procedures and policies development, training and communication as well as ensure compliance with various regulatory requirements such as GAAP, GASB and FASB.
Responsibilities
Operational Analytics - Ensure comprehensive preparation of flux analysis which provides, on a timely basis, management with actionable items. Review performance of various business units and communicate results to stakeholders. Develop management dashboards to include reporting, analysis and interpretation of results.
Process Efficiencies - Apply lean six sigma and other continuous process improvement techniques to identify, recommend and implement steps to financials processes. Support Controllers group in developing detailed procedures that identify gaps in transactional processes and help close the gaps. Optimize and streamline processes to increase efficiency while establishing/maintaining an effective financial process environment.
Internal Controls - Provide oversight for the company's annual compliance requirements to ensure adherence to COSO framework, including scope, design and effectiveness of controls related to key accounting controls. Develop detailed implementation plan that will lay the foundation for strengthening the control environment and meet the objectives outlined in the framework. Prepare detailed documents identifying key controls, testing of control environment and ensuring its stability on a continuous basis. Assist with other internal control matters, including design, implementation, testing and remediation.
Technical Accounting - Keep abreast of accounting changes and make recommendation quantifying the impact of those changes to the financial statements. Anticipate the impact, on NYPA financials, of proposed strategic initiatives, and compliance/regulatory changes, including the impact to financial forecast, financial/IT systems and financial processes and controls.
Develop NYPA' Finance manual incorporating therein finance policies relevant to the organization; Issue Finance newsletter to the Finance community highlighting key developments in areas of interest; account for derivatives and hedges, as entered into by risk/operational groups.
Fixed and Cost Accounting - Supervise cost and fixed assets accounting staff; apply best practices to the functional area; develop capitalization policies; recommend system Organizationifications to improve data capture from initiation to capital project in-service date; prepare and provide cost information to users to develop energy rates.
Knowledge, Skills and Abilities
Strong leadership abilities inclusive of development of talent. High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently. Strong interpersonal, organizational influencing and communications skills.
Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through on solutions. This role requires a visible leader to design and implement financial controls and processes.
Mentor employees, conduct performance evaluations, counsel and work to facilitate individual and team development that drives positive results. Organizationel adaptive behavior by demonstrating a proactive attitude and enthusiasm while exhibiting patience.
Strong business acumen, including broad exposure to business operations and an understanding of how to impact business operations. High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently.
Self-motivated/ energetic individual with aptitude for progression
Education, Experience and Certifications
Qualified candidates will have 10-15 years of finance and accounting experience, including 3-5 year experience as a senior leader and manager.
CPA is required; MBA preferred.
Knowledge of finance, accounting, budgeting and advanced analytical and quantitative skills.
Comprehensive knowledge of US GAAP/GASB/FASB and ability and aptitude to handle all aspects of technical accounting research, interpretation and policy implementation.
Experience applying Six Sigma and/or Continuous Process Improvement techniques (required).
Knowledge of ERP systems such as SAP preferred.

Keywords: New York Power Authority, White Plains , Director Accounting Operations, Accounting, Auditing , White Plains, New York