REGULATORY ACCOUNTANT

Bangor Hydro; Bangor (ME); On-site; USD 70,000 - 95,000; Full time

Job summary

Versant Power is seeking a Regulatory Accountant to support the month-end close, financial reporting, and regulatory filings.

The ideal candidate will have GAAP and FERC knowledge, plus experience with enterprise financial systems and strong Excel skills. This on-site role supports compliance with FERC and Maine PUC requirements while maintaining internal controls and aiding audits.

Qualifications

• Bachelor's degree in Business Administration, Accounting, or Finance is required.
• Three to five years of accounting experience is preferred.
• Strong knowledge of US GAAP and FERC accounting standards is preferred.
• Experience with mid to enterprise level financial systems beyond entry-level accounting software.
• Proficiency in Microsoft Excel and ability to analyze large data sets.

Responsibilities

• Applies GAAP and FERC accounting principles to ensure accurate recording of transactions and proper financial statement presentation.
• Participates in the month end close process, including preparation of journal entries and supporting schedules.
• Conducts monthly variance analysis, comparing financial results to prior periods and identifying key drivers of change.
• Reconciles various General Ledger accounts on a monthly, quarterly or annual basis, and implements corrective actions as needed.
• Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.
• Maintains strong internal controls by adhering to established accounting policies and procedures.
• Assists with internal and external audits by preparing workpapers, explaining processes and controls, and responding to audit inquiries.
• Develops a deep understanding of accounting systems and software, generates reports to support reconciliations and variance analysis.
• Evaluates and improves accounting processes for efficiency and effectiveness.
• Performs other ad hoc accounting, financial, or administrative tasks as may be required.

Skills

GAAP knowledge

FERC accounting

Analytical skills

Excel proficiency

Education

Bachelor's degree in Business Administration, Accounting, or Finance

Tools

ERP systems

Job description

JOB TITLE: REGULATORY ACCOUNTANT

LOCATION: BANGOR

REPORTS TO: SUPERVISOR, ACCOUNTING

POSITION STATUS: EXEMPT, NON-BARGAINING UNIT

Be a part of the team that is transforming the power industry of northern and eastern Maine.

Versant Power is building on our 100-year history of delivering efficient, safe, and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity, and innovation.

We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone.

POSITION OVERVIEW

The Regulatory Accountant plays a key role in supporting the Company's month-end close process, monthly financial reporting and regulatory compliance. This position is responsible for preparing accurate and timely financial statements, conducting financial analysis, and ensuring the integrity of all regulatory filings. The ideal candidate will have a solid understanding of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting standards.

JOB RESPONSIBILITIES

• Applies GAAP and FERC accounting principles to ensure accurate recording of transactions and proper financial statement presentation
• Participates in the month end close process, including preparation of journal entries and supporting schedules.
• Conducts monthly variance analysis, comparing financial results to prior periods and identifying key drivers of change in balance sheet and cash flow accounts.
• Reconciles various General Ledger accounts on a monthly, quarterly or annual basis, and implements corrective actions as needed.
• Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.
• Maintains strong internal controls by adhering to established accounting policies and procedures.
• Assists with internal and external audits by preparing workpapers, explaining processes and controls, and responding to audit inquiries.
• Develops a deep understanding of accounting systems and software, generates and designs reports to support reconciliations, variance analysis, and other departmental needs.
• Evaluates and improves accounting processes for efficiency and effectiveness.
• Performs other ad hoc accounting, financial, or administrative tasks as may be required from time to time.

QUALIFICATIONS

• Bachelor's degree in Business Administration, Accounting, or Finance required.
• Three to five years of accounting experience preferred.
• Strong knowledge of US GAAP and FERC Uniform System of Accounts preferred.
• Experience with mid to enterprise level financial systems beyond entry-level accounting software.
• Solid understanding of financial principles and the ability to assess the financial impact of business decisions.
• Strong analytical skills with the ability to independently evaluate accounting transactions and financial statements.
• Proficiency in Microsoft Excel and Microsoft Office application. Ability to manage and analyze large data sets.

PERSONAL QUALITIES

• Ability to manage priorities in a dynamic, team-oriented environment.
• Demonstrates accuracy, timeliness, and attention to detail in all work.
• Strong critical thinking and problem-solving skills with a proactive, solution focused mindset.

NOTES

• Position is primarily sedentary. Some walking, standing, and driving required.
• Position requires strong oral and written communication skills.
• Position requires strong interpersonal skills.
• Position requires visual and mental concentration.
• Position can be stressful due to deadlines and multitasking requirements.

Versant Power is an equal opportunity employer.

Versant Power is a tobacco-free, drug-free, and fragrance-free workplace.