Director Accounting Operations
Company: New York Power Authority
Location: White Plains
Posted on: June 24, 2020
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.
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
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
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
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
Self-motivated/ energetic individual with aptitude for
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
Knowledge of ERP systems such as SAP preferred.
Keywords: New York Power Authority, White Plains , Director Accounting Operations, Accounting, Auditing , White Plains, New York
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