Asset Accounting Manager — Utilities Fixed Assets

CenterPoint Energy, Inc.; Houston (TX); On-site; USD 90,000 - 115,000; Full time

Benefits offered by this job

Competitive pay

Paid training

Benefits eligibility starts day one

Transit subsidies

Flexible work schedule

On-site wellness center at HQ in houst

Tuition reimbursement

401(k) company match 6%

Job summary

CenterPoint Energy is seeking a Property Accounting Manager to lead accounting for utility plant assets, CWIP, retirements, depreciation and related regulatory matters. You will ensure compliance with U.S.

GAAP, FERC accounting requirements, capitalization policies and internal controls, while guiding a team responsible for fixed asset records. You will partner with Engineering, Operations, Regulatory, FP&A, and External Reporting to deliver accurate reporting and continuous process improvement

Qualifications

• Bachelor's degree in accounting or a related field.
• CPA required.
• 7+ years of relevant experience is required, preference to utility industry.
• 2+ years of managerial or supervisory experience is required.
• Experience with SAP and PowerPlan is preferred.

Responsibilities

• Oversee accounting for utility plant activity, such as additions, retirements, transfers, unitizations, depreciation and asset retirement obligations.
• Review journal entries, account reconciliations, fixed asset rollforwards, and monthly close activities.
• Support SEC, financial reporting, and financial planning and analysis requirements involving PP&E and depreciation.
• Manage preparation of regulatory schedules supporting rate cases and capital recovery mechanisms.
• Ensure compliance with FERC Uniform System of Accounts and state regulatory requirements.
• Develop responses to regulatory audits and requests for information.
• Interpret and apply capitalization policies and retirement unit guidance.
• Partner with engineering and project management teams to evaluate capitalization of new programs, technologies, and major projects.
• Resolve complex accounting questions related to utility construction activities.
• Drive consistency in capitalization practices across business units.
• Lead, coach, and develop a team of property accounting professionals.
• Assign, monitor, and prioritize workload to ensure service levels and reporting deadlines are achieved.
• Support employee development, succession planning, and performance management.
• Foster a continuous-improvement culture focused on efficiency and internal control excellence.
• Maintain and test SOX controls related to fixed assets, depreciation, and capital accounting processes.
• Coordinate internal and external audit requests.
• Ensure proper documentation of accounting conclusions and control execution.

Skills

Team leadership

Financial reporting

Regulatory accounting

Education

Bachelor's degree in accounting or related field

Tools

SAP

PowerPlan

Job description

CenterPoint Energy is seeking a Property Accounting Manager to lead accounting for utility plant assets, CWIP, retirements, depreciation and related regulatory matters. You will ensure compliance with U.S.

GAAP, FERC accounting requirements, capitalization policies and internal controls, while guiding a team responsible for fixed asset records. You will partner with Engineering, Operations, Regulatory, FP&A, and External Reporting to deliver accurate reporting and continuous process improvement