Regulated Utility Property Accountant Position Summary Our client is seeking an experienced Regulated Utility Property Accountant to support property accounting activities within a regulated utility environment. This role is responsible for utility plant accounting, fixed asset accounting, rate case support, regulatory reporting, and plant-related information requests. The individual will partner closely with accounting, operations, engineering, project management, and regulatory teams to ensure accurate reporting and compliance with regulatory requirements. This position requires a highly proactive professional who can operate independently, take ownership of deliverables, and drive assignments to completion with minimal oversight. The successful candidate will be comfortable working in an environment where some processes are evolving and will be expected to identify gaps, ask questions, document procedures, and establish sustainable processes.
Key Responsibilities
- Perform utility property accounting activities in support of regulated utility operations.
- Maintain and analyze utility plant, construction work in progress (CWIP), fixed assets, retirements, transfers, and capital project accounting.
- Support rate case preparations by gathering, validating, organizing, and reconciling plant and asset-related data.
- Compile and provide supporting information for regulatory filings and information requests.
- Coordinate with engineering, operations, project managers, regulatory affairs, and accounting personnel to obtain documentation and explanations supporting utility plant balances.
- Research accounting issues and proactively follow up with stakeholders to resolve outstanding items and drive projects forward.
- Develop, document, and improve accounting processes and procedures where formal documentation is limited or nonexistent.
- Take assignments from concept through execution, requiring minimal direction while maintaining accuracy and timeliness.
- Support Month-End Close (MEC), Quarter-End Close (QEC), and Year-End Close (YEC) activities related to property accounting and fixed assets.
- Assist with annual regulatory filings and reporting requirements, including periods of increased activity surrounding January regulatory submissions.
- Adapt to changing priorities and effectively balance day-to-day accounting responsibilities with regulatory and rate case support initiatives.
- Build strong working relationships across multiple departments and serve as a trusted accounting resource for both financial and operational stakeholders.
- Communicate effectively with non-accounting personnel to obtain information, explain accounting requirements, and facilitate collaboration.
Preferred Qualifications
- Experience with SAP.
- Experience with PowerPlan.
- Prior experience supporting regulated electric, gas, water, or other utility organizations.
- Knowledge of utility regulatory reporting requirements and rate case documentation support.
- Experience working directly with engineering, operations, and regulatory affairs teams.
Success Factors The ideal candidate is a self-starter who thrives in a collaborative environment and does not require extensive handholding. This individual consistently takes initiative, follows up diligently, and works through ambiguity to achieve results. They are organized, detail-oriented, and capable of managing multiple information requests while maintaining strong relationships across the business. Success in this role will be measured by the ability to independently manage property accounting responsibilities, support critical regulatory and rate case activities, improve processes, and effectively collaborate with both accounting and non-accounting stakeholders to ensure timely and accurate deliverables.