WGL - Sr. Corporate Accountant Non-Utility

AltaGas Ltd.; Vienna (VA); On-site; USD 95,000 - 138,000; Full time

Benefits offered by this job

Health insurance

Retirement plans

Paid time off

Job summary

AltaGas Ltd. is seeking an accounting professional to record and analyze GAAP transactions and help implement new general ledger infrastructure.

You will support the monthly close for non-utility activities in power and gas segments, perform reconciliations, review variances, and assist with consolidation and SOX compliance while coordinating with the operations team. The role emphasizes accurate reporting, process improvements, and collaboration across entities to ensure timely financial

Qualifications

• Bachelor's Degree in Accounting, Finance, or related business discipline is required.
• 5+ Years of related business experience.
• CPA or MBA with a concentration in Accounting preferred.

Responsibilities

• Record and analyze transactions for GAAP reporting and assist with new GL infrastructure.
• Support monthly close for non-utility activities in power/gas segments; analyze statements and variances.
• Assist in developing workflows and processes improvements.
• Understand contracts related to power, O&M, EPC and joint ventures for proper accounting.
• Participate in monthly due diligence meetings and consolidate financial results.
• Assist in stand-alone audits and prepare consolidated financial statements and disclosures.
• Ensure compliance with Sarbanes-Oxley requirements.

Skills

GAAP knowledge

SOX compliance

Advanced Excel

Data analysis

ERP knowledge

Education

Bachelor's Degree in Accounting/Finance

Tools

PeopleSoft Financials

Job description

Position Summary

Record and analyze transactions for financial reporting purposes in accordance with Generally Accepted Accounting Principles (GAAP). Assist the Corporate Accounting Manager in integrating new financial transactions by implementing new processes and procedures and assist with establishing new general ledger infrastructure. Maintain general ledger accounts through account reconciliation and analytical procedures, perform process improvements and assist with researching new transactions for accounting impact.

Tasks and Responsibilities

• Performs day-to-day accounting functions for the various non-utility business activities of AltaGas Ltd in the power and/or gas segments.
• Support and participate in the monthly financial statement close process, ensuring that all financial transactions are recorded accurately and timely as well as analyzing and reviewing financial statements and variances.'
• Assists in the development of workflow, systems and processes improvements.
• Understands operations contracts such as Power Purchase, O&M, purchase and sale and EPC agreements related to new and ongoing business transactions to ensure the proper accounting for each transaction based on entity structure including sale leaseback, complex flip structures, joint ventures and other equity financing.
• Participates in monthly due diligence meetings by interpreting and explaining variances from period to period, period to budget and period to forecast to report the company's financial results
• Assists in the monthly closing process for the Non-Utility reporting entities including ownership and consolidation of entities related to the Power and Gas segments including performing due diligence and other analysis on partially owned investment entities.
• Assists in the stand‑alone audits for affiliated entities and prepares the consolidated financial statements and appropriate disclosures.
• Assists in assessing the Hypothetical Liquidation at Book Value (HLBV) equity method of accounting and other alternative accounting methods for investments.
• Work closely with the business to record and analyze power & gas revenue and cost accounts, including renewable energy credits.
• Prepares deliverables for Financial Statement Review meetings, monthly and quarterly Due Diligence meetings and consolidated external financial reporting.
• Reviews customer account receivables for complete bad debt reserve analysis as well as perform monthly reconcilations between the AR sub‑ledger to the general ledger.
• Leads in preparing complex elimination and consolidation entries for balance sheet and income statement accounts.
• Ensures compliance with Sarbanes‑Oxley requirements, and any remedial actions as necessary.
• Assists in setting up and managing the Non‑Utility assets through the PowerPlant asset system to track and depreciate all capitalized assets various non‑utility entities as well as assist with the ARO process and interest capitalization.
• Maintains strong communication with the operational team. Interprets findings to report impact on the balance sheet and income statement accounts and communicates with the rest of the team.

Qualifications, Skills and Abilities

• Bachelor's Degree in Accounting, Finance, or related business discipline is required
• 5+ Years of related business experience
• Demonstrated technical knowledge and understanding accounting theory, principles, practices, and regulations including GAAP/FASB and SOX compliance and SEC regulations and filing requirements;
• Demonstrated successful use of technology to improve process efficiency
• Willing to learn new systems and processes necessary for strong job performance
• Ability to utilize appropriate operating systems and software applications to access data and generate reports to include: Windows, Microsoft Office including Advanced Excel, and Access. Ability to analyze and interpret data and to identify relevant issues in solving business problems
• Ability to meet numerous internal and external deadlines often under tight time constraints
• Ability to write and present diverse ideas in a logical and concise manner
• Ability to establish rapport and effective working relationships with business partners, supervisors, and peers
• High degree of accuracy and attention to detail in a fast-paced work environment

Preferred

• CPAor MBA with a concentration in Accounting
• Public accounting experience working with public clients
• Utility/Energy industry experience
• Working knowledge of PeopleSoft Financial modules (e.g. General Ledger, Fixed Assets, Projects) including Power Plant

We offer a competitive salary range of $95,400 to $138,075 per year, commensurate with experience, education, and skills. In addition, we provide a comprehensive benefits package including health insurance, retirement plans, and paid time off.

The Company values diversity in its workforce and encourages United States military veterans and service members who meet the qualifications to apply

Why work at AltaGas?

AltaGas is a North American energy infrastructure company with a focus on owning and operating assets that provides affordable energy to our customers. AltaGas assets include Washington Gas/WGL, SEMCO, and Petrogas. Our talented team, nearly3,000strong, leverages the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions - from the well sites of upstream producers to the doorsteps of homes and businesses to new markets around the world.

We deliver affordable natural gas to approximately1.7 million customers' homes and businesses through regulated natural gas distribution utilities acrossfour jurisdictions in the United States and two regulated natural gas storage utilities in the United States. Learn more about our team, vision, and strategy.

To learn more about our mission: https://youtu.be/k1mrKDdsYW8?si=y1k3NOyHxgf4emdL

For Canadian hires

AltaGas hires personnel on the basis of job-related qualifications. All qualified applicants will receive consideration without regard to a person's ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, record of offences, marital status, family status or disability or any other characteristic protected by applicable law.

For U.S. hires

WGL/SEMCO/AltaGas offers a total rewards package that includes competitive pay, incentive bonus plans, holiday pay, 401K matching and a wide array of benefits. These benefits including medical, dental and vision coverage are designed to help you and your family stay healthy. We also have paid time off (PTO) to balance the demands of your work and personal life. Available benefits vary depending upon the specifics of the role.

U.S. affiliates of AltaGas are committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, ethnicity, religion, gender, age, national origin, marital status, sexual orientation, gender identity, family responsibilities, matriculation, physical or mental disabilities, political affiliation, genetic information, status as a protected veteran or any other characteristic protected by federal, state, or local law.