Requisition ID: 20646
Join us in building a better future for Arizona!
SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.
Why Work at SRP
At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.
SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:
- Pension Plan (at no cost to the employee)
- 401(k) plan with employer matching
- Available your first day: Medical, vision, dental, and life insurance
- Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
- Parental leave (up to 4 weeks) and adoption assistance
- Wellness programs (including access to a recreation and fitness facility)
- Short and long-term disability plans
- Tuition assistance for both undergraduate and graduate programs
- 10 Employee Resource Groups for career development, community service, and networking
Summary
The Principal Accounting Analyst is a member of SRP's Financial Reporting Technical Accounting team and serves as a key technical accounting resource for the organization. This position is responsible for interpreting and applying complex U.S. GAAP guidance and accounting standards, leading key accounting compliance and governance activities, and ensuring the completeness, accuracy, and timeliness of SRP's financial reporting. The role evaluates significant accounting matters, develops technical accounting positions, provides guidance to management and business partners, and supports internal and external audit, regulatory, and financial reporting requirements.
What You'll Do
- Serve as one of SRP's technical accounting subject matter experts within the Financial Reporting Technical Accounting team, providing guidance on the application of U.S. GAAP, emerging accounting standards, and complex accounting matters.
- Evaluate and account for complex transactions and arrangements in areas such as derivatives (ASC 815), fair value measurements (ASC 820), asset retirement obligations (ASC 410), leases (ASC 842), variable interest entities (ASC 810), and revenue recognition (ASC 606), including related financial statement disclosures.
- Evaluate, document, and communicate accounting conclusions for complex transactions, arrangements, contracts, and business initiatives, including preparation of technical accounting memoranda, policy documents, presentations, analyses, and related financial statement disclosures.
- Monitor emerging accounting standards, assess impacts to SRP, and lead implementation efforts as necessary.
- Collaborate with stakeholders across the organization to obtain and evaluate information supporting accounting conclusions.
- Execute period-end close activities, including journal entries and account reconciliations.
- Support internal and external audits, regulatory reviews, and compliance activities by preparing technical documentation and communicating accounting positions.
- Support compliance with internal control requirements over financial reporting by evaluating control design and effectiveness, identifying control gaps and risks, and recommending process and control improvements.
- Provide technical guidance, training, and mentorship to accounting personnel and business partners.
- Lead or participate in special projects, strategic initiatives, and other duties as assigned.
Education
A bachelor's degree relevant to the assignment from an accredited institution is required.
Experience
- Minimum 10 years professional experience
- Large ERP experience preferred (SAP)
- Completion of a Bachelor's Degree from an accredited institution. A degree in a business or relevant analytical field of study, including, Accounting, Finance, Business Administration, Economics, Management Information Systems, or related field is preferred.
Additional Requirements and Qualifications
- Strong analytical, problem-solving, and critical-thinking skills with attention to detail.
- Strong written, verbal, interpersonal, and presentation skills, with the ability to communicate complex accounting concepts clearly and effectively.
- Demonstrated ability to organize and prioritize competing responsibilities, work independently, and deliver accurate results within established deadlines.
- Demonstrated ability to collaborate effectively within a team environment and build productive relationships across the organization.
- Proficient in Microsoft Office applications, including advanced Excel and PowerPoint.
Certifications or Testing Required
- Certified Public Accountant (CPA) certification required.
Hybrid Workplace
SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona.
Drug/Alcohol Policy Statement
To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.
Equal Opportunity Employer Statement
Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.
Work Authorization
All candidates must be legally authorized to work in the United States. Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.