Manager Revenue Accounting

PPL Foundation; Pennsylvania; Hybrid; USD 90,000 - 120,000; Full time

Job summary

PPL Foundation is seeking a Manager of Revenue Accounting to oversee revenue processes, ensure compliance with regulations, and lead a team. This hybrid role requires expertise in financial analysis and regulatory requirements, with a focus on strategic initiatives related to revenue integrity.

Qualifications

• 5+ years of financial, accounting, ratemaking, or business planning experience.
• Demonstrated proficiency in financial statements and analysis.
• Requires proficiency in oral and written communication.

Responsibilities

• Responsible for revenue analysis, monitoring, and reporting.
• Assist with external reporting to the SEC and FERC.
• Lead compliance with US GAAP regulations.

Skills

Financial analysis

Problem-solving

Communication

Leadership

Education

Bachelor's Degree in Accounting

Job description

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.
Overview

PLEASE NOTE THIS ROLE IS HYBRID - 3 DAYS IN OFFICE - IN ONE OF OUR LOCAL OFFICES IN LOUISVILLE, KY OR ALLENTOWN, PA.

The purpose of the position is to lead the Revenue Accounting team as it relates to the development of processes and procedures to verify revenue integrity and ensure compliance with US Generally Accepted Procedures (US GAAP) and federal and state regulatory requirements for PPL Electric and Rhode Island Energy. This position is responsible for the development and execution of revenue analysis and reporting, including internal controls over financial reporting and requirements. The Manager, Revenue Accounting provides formal supervision to team members including coaching, counseling, personal development and technical support. In addition to the administrative duties of managing a work group, the Manager also completes individual technical, strategic, and business-related tasks. LI-Hybrid #INDPPL

Responsibilities

ESSENTIAL FUNCTIONS:

• Responsible for all aspects of revenue analysis, monitoring, reporting and forecasting, including compliance with state and federal regulations pertaining to financial statement preparation, analysis and reporting of a regulated utility. Must be familiar with US GAAP, Federal Energy Regulatory Commission (FERC) and U.S. Energy Information Administration (EIA) accounting and reporting.
• Responsible for determination and analysis of the allowance of uncollectible accounts in accordance with US GAAP requirements.
• Responsible for reviewing/approving journal entries recorded in the general ledger in accordance with US GAAP and FERC requirements.
• Assist with necessary external reporting requirements of the Securities and Exchange Commission (SEC), FERC and U.S. Energy Information Administration (EIA)
• Maintain strong and constructive relationships with internal and external auditors in the execution of regulatory compliance and revenue reporting.
• Inform and make recommendations regarding strategic initiatives, status, and challenges/opportunities.
• Assist teams as needed in execution of regulatory initiatives and proceedings, including base rate proceedings.
• Perform other duties as assigned.
• Comply with all policies and standards.

Qualifications

REQUIRED EDUCATION:

• Bachelor's Degree, BA or BS in Accounting.

REQUIRED EXPERIENCE:

• 5+ years of financial, accounting, ratemaking, or buisness planning experience.
• Demonstrated proficiency in and understanding of financial statements, analysis, research, and problem-solving skills.
• Knowledge of financial drivers of a regulated electric transmission and distribution company.
• Work well with individuals on all levels of the organization and external parties including auditors, regulators, attorneys, consumer advocacy groups, industry groups, and other special interest groups.
• Demonstrated ability to lead financial professionals and cross-functionals teams and build consensus, establish trust, communicate effectively and foster culture change.
• Requires proficiency in oral and written communication skills, as demonstrated by the communication of complex technical issues verbally and in writing.

PREFERRED QUALIFICATIONS:

• Master's Degree in business discipline.
• Certified Public Accountant.
• Regulatory accounting and audit experience.