Financial Reporting Specialist

MEAG Power; Atlanta (GA); Hybrid; USD 110,000 - 140,000; Full time

Benefits offered by this job

Health, Vision and Dental coverage

FSAs (Health & Dependent Care)

Vacation and Sick days

10 paid Holidays

Floating holiday (prorated)

Short Term Disability

Long Term Disability

Life Insurance

Voluntary Life Insurance

403(b) with company match

457(b) Retirement Plan

Vacation Purchase Program

Job summary

MEAG Power in Atlanta, GA is seeking a Manager, Financial Reporting who will prepare MEAG Power’s annual and quarterly financial reports for public release and disclosures required by bond agreements and the U.S. Department of Energy (DOE).

The role involves coordinating with management, attorneys, auditors, and the design firm to ensure accurate reporting and timely disclosures. You will maintain Participant Information, prepare Quarterly Participant Reports and AIS disclosures, and file with

Qualifications

• Bachelor’s degree in accounting is required with 10–12 years of related experience.
• CPA designation and at least 5 years of utility accounting experience are preferred.
• Strong written and verbal skills for public disclosure documents and communications with senior management, legal professionals, and auditors.

Responsibilities

• Prepares MEAG Power’s annual consolidated financials for the Annual Report and AIS, coordinating with management, attorneys, auditors, and the design firm.
• Maintains a database of Participant financial information and prepares Quarterly Participant Reports and AIS disclosures.
• Files Annual Financials and QPRs with bond Trustees and MSRB under SEC Rule 15c2-12; prepares quarterly reports per DOE timelines and credit agreements.
• Coordinates with external auditors to facilitate comfort letters for bond closings; communicates with management, bond lawyers, and underwriters.
• Monitors FASB and GASB developments and determines accounting treatment for compliance.
• Provides financial information for special projects requested by management or rating agencies.
• Performs other duties as assigned.

Skills

Public disclosures

Attention to detail

Deadline driven

Communication skills

Education

Bachelor's degree in accounting

CPA designation preferred

Job description

Reports to: Manager, Financial Reporting

Location: Atlanta, GA (*On-site)

• During the first three (3) months of employment the incumbent will be required to work five (5) days a week onsite in the office, however thereafter they will be given the opportunity to work remotely one (1) day per week with manager approval.

Summary

Position is responsible for the preparation of MEAG Power’s annual and quarterly financial reports for public release/disclosure as well as applicable annual and quarterly public disclosures pertaining to Participant data required by bond disclosure agreements, Power Sales contracts and the U.S. Department of Energy (DOE).

Key Responsibilities/Accountabilities

The scope and duties of this position may change or be temporarily altered based on the business needs of MEAG Power. General responsibilities include:

• Prepares MEAG Power’s annual consolidated financials (Annual Financials) for inclusion in the Annual Report and Annual Information Statement (AIS) in coordination/communication with management and staff, attorneys, external auditors, and the design company (for the Annual Report), as well as presenting to the Risk Management Audit Committee of the Board of Directors.
• Maintains a database of certain Participant financial/other information, as well as Participants’ audited financial statements, (Participant Information) and uses such data to prepare Quarterly Participant Reports (QPR) and AIS disclosures to comply with requirements of the Continuing Disclosure Agreements of MEAG Power’s outstanding bonds. This involves communication with management, attorneys, bond Trustees and the Participants.
• Files the following with MEAG Power’s bond Trustees and the Municipal Securities Rulemaking Board in accordance with SEC Rule 15c2-12:
• Annual Financials in accordance with applicable bond resolutions.
• QPRs in accordance with Continuing Disclosure Agreements.
• Prepares MEAG Power’s quarterly reports for the first, second and third quarters of each year in accordance with timelines specified by the DOE and applicable credit agreements.
• Prepares and/or reviews for content/accuracy applicable MEAG Power financial or Participant-related disclosures in the AIS and MEAG Power’s Official Statements for bond issuance.
• Coordinates with the external auditors to facilitate their preparation of a comfort letter, which is part of the documents required for each bond closing. This involves communication/coordination with management and staff, MEAG Power and underwriter attorneys, as well as the external auditors. Certain Participant Information may also be needed for bond closings.
• Monitors and evaluates developments pertaining to accounting pronouncements issued by the Financial Accounting Standards Board and the Governmental Accounting Standards Board, which may impact MEAG Power’s financial statements or disclosures; determines accounting treatment/disclosures needed for compliance, as applicable.
• Provides MEAG Power financial or Participant Information as requested for special projects by management or bond rating agencies.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in accounting with at least 10-12 years of related experience demonstrating a progression in responsibilities.
• Knowledge and subject matter expertise is required to perform the position’s complete responsibilities.
• A CPA designation and at least 5 years of utility accounting experience is preferred.
• Strong written and verbal skills commensurate for public disclosure documents, as well as correspondence with senior management, financial and legal professionals.
• Maturity/judgment to work with and maintain significant confidential information.
• Detail-oriented.
• Ability to manage tasks to meet specific and required deadlines.
• Ability to “think on your feet” and adjust to and/or make decisions under time constraints.

Number of Reports: 0

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required.

MEAG Power offers a competitive benefits package including:

• Health, Vision and Dental coverage as well as Opt Out Incentives
• Health and Dependent Care FSAs
• Vacation and Sick days
• 10 paid Holidays
• 1 Floating Holiday (if hired prior to July)
• Short Term Disability (after 1 year of service)
• Long Term Disability
• Basic Life and AD&D Insurance
• Voluntary Benefits - Individual, Spouse, and Child Life Insurance
• 403(b) Tax Deferred Retirement Plan with company match contributions
• 457(b) Tax Deferred Retirement Plan
• Vacation Purchase Program

MEAG Power is an equal opportunity employer. MEAG Power provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

MEAG Power is a drug-free workplace. External candidates are required to pass a drug test and background screening before beginning employment.