Manager Regulatory Accounting

PPL Foundation; Kentucky; Hybrid; USD 70,000 - 95,000; Full time

Job summary

A leading utility provider is seeking an Accounting Manager to oversee accounting activities and ensure compliance with regulatory standards in Kentucky. The role involves managing financial reporting, supporting various departments, and maintaining the integrity of financial records. Ideal candidates will have a Bachelor's degree in Accounting and extensive experience in utility financial practices, ensuring precise and reliable financial documentation.

Qualifications

• Minimum five years of experience in accounting, reporting, finance, planning, forecasting, or budgeting.
• Current working knowledge of accounting and financial requirements of FERC, SEC, KPSC, and VSCC.

Responsibilities

• Manage the production of monthly, quarterly, and annual financial reports.
• Ensure accuracy and integrity of accounting records.
• Coordinate filings with regulatory agencies and assist in preparing financial schedules.

Skills

Accounting principles

Financial reporting

Regulatory compliance

Team management

Education

Bachelor's degree in Accounting

Job description

Company Summary Statement

Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.
Overview

PLEASE NOTE THIS POSITION IS HYBRID - 3 DAYS IN OFFICE - FROM OUR LOCAL OFFICE IN LOUISVILLE, KY.

This position manages the accounting and regulatory reporting activities for the regulated utility companies of LG&E and KU Energy. The purpose of the position is to ensure that adequate accounting and reporting controls are in place to ensure the accuracy and reliability of the financial records in support of the internal and external financial statements in accordance with generally accepted accounting principles, Federal Energy Regulatory Commission (FERC) Uniform System of Accounts, internal controls, and other reporting requirements. This position provides support to the Revenue Accounting & Analysis, Asset Accounting, Financial Reporting, Financial Planning, State Regulation & Rates, Legal, Corporate Tax, Corporate Accounting and Budgeting departments on a regular basis.

LI-Hybrid

Responsibilities

• Manages the timely and accurate production of materials included in the monthly, quarterly and annual financial reports and filings with the Securities and Exchange Commission (SEC), FERC, Kentucky Public Service Commission (KPSC), Virginia State Corporation Commission (VSCC), Energy Information Administration (EIA) and others, including FERC Forms 1, 3 and 60.

• Coordinates the monthly closing process for the utilities’ regulatory accounting activities, ensuring that all entries are prepared, reviewed and posted in order and on time.

• Ensures the accuracy and integrity of accounting records for LG&E and KU.
• Possesses a thorough understanding of the FERC Uniform Systems of Accounts.

• Coordinates information schedules needed by the State Regulation & Rates department in order to allow compliance with periodic filings with regulatory agencies, including the Fuel Adjustment Clause (FAC), Environmental Cost Recovery (ECR) and Gas Line Tracker (GLT) mechanisms.

• Assists in preparing financial and accounting schedules, exhibits, data requests and testimony related to regulatory requirements for KPSC, FERC and VSCC proceedings and periodic filings.

• Coordinates with external and internal auditors for review of client assistance schedules, variance analysis schedules and preparation or review of ad hoc requests.

• Maintains a high level of proficiency and understanding of accounting and financial developments in the FERC, SEC, KPSC, VSCC and other areas related to the utility industry.

• Ensures proper process and systems documentation is maintained for accounting functions in compliance with internal control requirements and ensure walk-throughs of controls are performed to ensure controls are functioning as designed.

• Manages the direct accounting for the following transactions: i) Leases ii) Transmission Accounting iii) Burden Accounting iv) Natural gas fuel usage for electric generation v) Fuels, materials & supplies inventories vi) Net generation Mwh vii) Emission allowances viii) Regulatory assets and liabilities. ix) Loss contingencies x) Prepaids xi) miscellaneous billing.

• Establishes and enforces accounting policies, procedures and controls related to utility operation activities to ensure the accurate and timely preparation of applicable financial statements.

• Provides direction, supervision and training to departmental employees.

• Performs other duties as assigned.

Qualifications

Education/Experience/Qualifications

• Bachelor's degree in Accounting or related discipline and a minimum of five years of experience in accounting, reporting, finance, planning, forecasting and/or budgeting is required. Requires current working knowledge of the accounting and financial requirements of FERC, SEC, KPSC, and VSCC.