Regulatory Accountant

Versant Power • Bangor, ME • 2h ago

This job was posted by https://joblink.maine.gov : For more information, please see: https://joblink.maine.gov/jobs/1273692

Be a part of the team that is transforming the power industry of northern and eastern Maine.

Versant Power is building on our 100-year history of delivering efficient, safe, and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity, and innovation.

We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone.

POSITION OVERVIEW:

The Regulatory Accountant plays a key role in supporting the Companys month-end close process, monthly financial reporting and regulatory compliance. This position is responsible for preparing accurate and timely financial statements, conducting financial analysis, and ensuring the integrity of all regulatory filings. The ideal candidate will have a solid understanding of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting standards.

JOB RESPONSIBILITIES:

Applies GAAP and FERC accounting principles to ensure accurate

recording of transactions and proper financial statement presentation

Participates in the month end close process, including preparation

of journal entries and supporting schedules.

Conducts monthly variance analysis, comparing financial results to

prior periods and identifying key drivers of change in balance sheet and cash flow accounts.

Reconciles various General Ledger accounts on a monthly, quarterly

or annual basis, and implements corrective actions as needed.

Prepares quarterly and annual regulatory financial reporting filings

to the FERC and the Maine Public Utilities Commission.

Maintains strong internal controls by adhering to established

accounting policies and procedures.

Assists with internal and external audits by preparing workpapers,

explaining processes and controls, and responding to audit inquiries.

Develops a deep understanding of accounting systems and software,

generates and designs reports to support reconciliations, variance analysis, and other departmental needs.

Evaluates and improves accounting processes for efficiency and

effectiveness.

Performs other ad hoc accounting, financial, or administrative tasks

as may be required from time to time.

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