Plant/Fixed Asset Manager

Upper Peninsula Power Company; Marquette (MI); Remote; USD 85,000 - 110,000; Full time

Job summary

A leading company in the utilities sector seeks a Plant/Fixed Asset Manager for its Marquette, Michigan location. The successful candidate will be responsible for overseeing the fixed asset accounting processes, ensuring compliance with accounting standards, and producing timely financial reports. The position offers a competitive salary, remote/hybrid work options post-onboarding, and comprehensive benefits including performance-based incentives and health insurance.

Benefits

Competitive salary based on knowledge and experience

Performance-based incentives

Medical, dental, and vision insurance

401(k) retirement plan with up to 5% company match

Generous paid time off and nine paid holidays

Relocation assistance if needed

Qualifications

• 8 years of fixed asset accounting experience required.
• In-depth knowledge of FASB/GAAP/FERC needed.
• Understanding utility rate making, tax, and general accounting concepts is crucial.

Responsibilities

• Prepare entries and adjustments to fixed asset accounting records.
• Produce accurate reports for fixed asset additions and retirements.
• Maintain compliance with FERC/GAAP and ensure timely reporting.

Skills

Fixed asset accounting

Financial reporting

Analytical skills

Advanced Excel

Data query experience

Education

Bachelor’s Degree in Accounting, Finance, or related field

MBA

Tools

PowerPlan

SAP

Job description

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Manager of Communications and External Affairs

The Upper Peninsula Power Company (UPPCO) is seeking a Plant/Fixed Asset Managerto join their team in Marquette, Michigan.For the right candidate, working fully remote in Michigan, Wisconsin, Minnesota, or Iowa may be considered.The position offers applicants the opportunity of a remote/hybrid remote work schedule after the initial 90-day onboarding and job orientation.

In this role, you will be responsible for executing accounting processes related to fixed asset accounting, reporting, and policy.Maintain accurate fixed asset records and ensure the timely and precise reporting and analysis of the Company's fixed assets.The Plant/Fixed Asset Manager will report to the Director of Finance and Accounting.

Responsibilities

• Prepare entries, corrections, and adjustments to plant and specified asset accounting records.
• Evaluate variances and analyze the effects of transactions on various account relationships related to financial statements.
• Maintain a strong understanding of capitalization rules, regulations, and industry best practices; provide leadership and educational support to the organization to ensure costs are capitalized in accordance with FERC/GAAP and applicable regulatory orders.
• Process additions, retirements & adjustments to Projects & Fixed Asset accounting systems.
• Produce accurate and timely accounting records for all fixed asset additions, transfers/retirements, and depreciation/amortization, including journal entries, documentation, account and subsystem reconciliations, roll forward schedules (where applicable), and reports.
• Prepare monthly, quarterly, and annual reports related to Plant Accounting areas of responsibility.
• Maintain Projects, Fixed Asset, and Tax Repairs accounting systems (PowerPlan); query systems for information.
• Understand and support relationship between Projects, Fixed Assets, and General Ledger.
• Reconcile fixed assets accounts to the general ledger monthly.
• Review capital projects, including AFUDC and CPI.
• Coordinate the preparation of annual property tax filings.
• Provide support for regulatory filings (drafting testimony, responding to data requests, providing recommendations on cost recovery, testify when necessary).
• Monitor regulatory orders and developments as they impact accounting issues to ensure appropriate accounting and reporting changes are made. Ensure that the Company’s regulatory accounting records with respect to asset accounting comply with all regulatory orders and decisions.
• Provide support and timely data for tax accruals, audits, and filings.
• Perform year-end close procedures and support the annual audit.
• Stay current with industry trends/developments, particularly as they apply to utility and compliance requirements.

Requirements

• Bachelor’s Degree in Accounting, Finance, or related field required; MBA a plus.
• 8 years of fixed asset accounting experience.
• Experience with PowerPlan or a similar fixed asset system.
• In-depth knowledge of FASB/GAAP/FERC.
• Understanding of the interrelationship between utility rate making, tax, and general-purpose accounting concepts.
• Knowledge/experience in utility accounting industry and application of FERC uniform system of accounts.
• Ability to multi-task and work under pressure to meet deadlines.
• Advanced Excel skills (pivot tables, vlookups, etc.).
• ERP/Business Information Warehouse/Data Query experience.

Bonus Qualifications That Put You Over the Top

• Deferred tax and tax provision experience.
• Working knowledge of SAP or similar software and business technology applications.

What We Offer

• Competitive salary to be based on your knowledge and experience.
• Performance-based incentives.
• Medical, dental, and vision insurance.
• 401 (k) retirement plan with up to a 5% company match.
• Additional insurances at no cost to you: short and long-term disability, medical emergency transport, basic life, accidental death & dismemberment, and employee assistance.
• Generous paid time off and nine paid holidays.
• Full-time Monday-Friday schedule, generally working 8:00am - 5:00pm.
• Relocation assistance, if needed.

Summary

All successful applicants must have a valid driver's license and the ability to travel within UPPCO's service territory as needed.Join a team where your work powers communities and drives energy efficiency.Take the next step and apply online today.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Utilities

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