Manager, Property Accounting

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 and its predecessor companies have been in business for more than 150 years.

Our Vision:

Our vision is to become the most admired utility in the United States through the execution of our long-term growth strategy. We have an unwavering commitment to safely and reliably deliver electricity and natural gas to millions of people.

Our Commitment:

CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.

At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.

Job Summary

The Property Accounting Manager leads the accounting and reporting of utility plant assets, construction work in progress (CWIP), retirements, depreciation, and related regulatory accounting matters. This role ensures compliance with U.S. GAAP, FERC accounting requirements, company capitalization policies and internal controls. The manager oversees a team responsible for maintaining the utility's fixed asset records and serves as a key business partner to Engineering, Operations, Regulatory, Financial Planning & Analysis, and External Reporting.

Essential Functions

Asset Accounting & Financial Reporting

• 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.

Regulatory & FERC Compliance

• 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.

Capital Governance & Business Partnership

• 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.

Essential Functions Continued

Team Leadership

• 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.

Internal Controls

• 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.

Education Description

• Bachelor's degree in accounting or a related field
• CPA required

Experience

• A minimum of seven (7) years of relevant experience is required, with preference to experience in the utility industry
• A minimum of two (2) years of managerial or supervisory experience is required
• Experience with SAP and PowerPlan is preferred

We want you to know

Being a part of the CenterPoint Energy team is more than a career alone. It's an opportunity to make a positive impact. You will be an integral part of enabling everyday life and the pursuit of possibilities for the customers we serve and the communities we share. The vital services we provide are at the core of making our world work, and by sharing your energy with us, we'll create a better tomorrow together.

What we bring to you

• Competitive pay
• Paid training
• Benefits eligibility begins on your first day
• Transit subsidies
• Flexible work schedule, paid holidays and paid time off
• Access to discounts at fitness clubs and an on-site wellness center at our headquarters in Houston
• Professional growth and development programs including tuition reimbursement
• 401(k) Savings Plan featuring a company match dollar-for-dollar up to 6% and a company contribution of 3% regardless of your contribution

Job Type:Full Time
Posting Start Date: 09/01/2026
Posting End Date: 09/11/2026

This contractor and subcontractor shall abide by the requirements of 41 CFR * 60-1.4(a), 60-300.5(a), and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability.

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