Accounting Consultant - Revenue & Regulatory Accounting

APS (Arizona Public Service); Phoenix (AZ); Hybrid; USD 85,000 - 110,000; Full time

Job summary

Arizona Public Service seeks an Accountant Consultant for the Revenue & Regulatory Accounting Team. The role focuses on managing accounting, reporting, and regulatory compliance for revenue and regulatory matters, including ACC and FERC regulatory issues, rate cases, formula rates, and regulatory adjustors.

The position offers exposure to scenario analysis, strategy discussions, and collaboration with stakeholders across APS.

Qualifications

• BS degree in accounting, finance or related field.
• Five (5) years of experience, preferably within an electric-utility environment.
• MBA, MS in Accounting or CPA certification preferred.
• Thorough knowledge of GAAP, FERC and ACC requirements, and working knowledge of accounting systems.
• Strong analytical, research and problem solving skills with the ability to communicate with Executive management.

Responsibilities

• Prepares a variety of accurate and timely financial reports including participant billings and rate case studies.
• Analyzes and reconciles accounts and reports; maintains financial reporting systems.
• Performs complex economic studies to evaluate proposals and alternatives.
• Models financial activity to develop targets and forecasts.
• Supports regulatory and competitive strategies, analysis and findings.
• Contributes to department policies, accounting manuals and FERC regulations.

Skills

Analytical skills

Communication skills

Regulatory accounting

GAAP knowledge

Education

BS degree in accounting, finance or related field

MBA/MS in Accounting or CPA

Tools

Accounting systems

Job description

Arizona Public Service generates reliable, affordable and clean energy for 2.7 million Arizonans. As the state's largest and longest-serving energy provider, our more than 6,000 dedicated employees power our vision of creating a sustainable energy future for Arizona.

Summary

The Accountant Consultant for the Revenue & Regulatory Accounting Team is primarily responsible for managing the accounting, reporting and regulatory compliance related to revenue and regulatory matters. This role will primarily support ACC and FERC regulatory matters including ACC Retail Rate Cases, ACC Ratemaking Policies and Formula Rates, as well as other regulatory adjustor mechanisms, revenue recognition, jurisdictional financials and compliance filing matters. The candidate selected for this role will have the opportunity to expand their knowledge and expertise in the ever-changing regulatory environment, including regulation (ACC and FERC), rate cases, formula rates, adjustor mechanisms, testimony preparation, and much more. This role will serve as an F&A liaison across the organization and partner with stakeholders throughout the company in scenario analysis, strategy, decision-making, alignment and communication in a wide range of regulatory matters. There is also opportunity to network with regulatory experts and professionals outside the organization.

Minimum Requirements

• BS degree in accounting, finance or related field
• PLUS five (5) years of experience (2 years preferred within an electric-utility environment) or an equivalent combination of education and experience.
• MBA, MS in Accounting or CPA certification preferred.
• Thorough knowledge of accounting theory (GAAP), FERC and ACC requirements, and working knowledge of accounting and related systems.
• Strong analytical, research and problem solving skills and ability to communicate effectively with Executive management.
• Must possess a broad business perspective, problem solving skills, strong interpersonal, communication and consulting skills.

Desired Skills for this Position

• Strong analytical skills to interpret complex regulations and financial data.
• Attention to detail for accurate reporting and compliance.
• Proficiency in financial modeling, forecasting, and data analysis.
• Excellent communication and collaboration abilities to work with cross-functional teams.
• Understanding of regulatory frameworks, such as FERC (Federal Energy Regulatory Commission) rules for utilities.
• Knowledge of industry-specific regulations.

Major Accountabilities

1) Prepares a variety of accurate and timely financial reports that are highly complex, participant billings, rate case studies and responds to information requests.

2) Analyzes and reconciles a variety of accounts and reports that are highly complex, and maintains financial reporting systems.

3) Perform a variety of highly complex economic studies to evaluate a range of standard business issues, proposals and alternatives.

4) Models financial activity to produce a variety of highly complex corporate financial targets and forecasts.

5) Supports regulatory and competitive strategies, analysis and findings.

6) Contributes to the development of department policies and procedures, accounting manuals and FERC regulations.

Export Compliance / EEO Statement

This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.

Hybrid: Employees in hybrid roles work both in their home offices (virtually) and alongside their colleagues (in person).

In order for employees to build strong relationships and to promote meaningful in-person interactions, hybrid employees are expected to work about 40% of their time in-person at an APS or other (non-home office) location.

• Employees are expected to reside in Arizona (or New Mexico for Four Corners-based employees).
• Working from a home office requires adequate technology and an appropriate ergonomic set up.
• Role types are subject to change based on business need.