Principal Accounting Analyst

Principal Accounting Analyst

The Principal Accounting Analyst is an SAP Controlling (CO) subject matter expert within the Corporate Accounting Services organization responsible for leading and executing all matters relating to SRP's managerial accounting including overhead loads, allocation processes and procedures, and accounting cost flows. The Principal Accounting Analyst is a critical role supporting complete, accurate, and timely budgeting, accounting, and reporting.

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.

The Principal Accounting Analyst is responsible for :

• Direct and execute all matters associated with overhead loads and allocations processes
• Lead projects and teams with broad visibility
• Understand relationship between cost-flow, accounting fundamentals, and financial statements
• Direct business areas related to cost center organizational changes, allocations, and clearings
• Monitor overhead load rates and propose adjustments to management
• Communicate load rates changes and other information to stakeholders and management
• Participate in and provide key data during the annual budgeting cycle
• Prepare overhead load rate allocation studies by working with business areas and analyzing data to develop and update load rates needed for budget / actuals reporting
• Provide guidance for master data creation identifying appropriate use of costing sheets, cost center clearings and allocations, and FERC indicator
• Utilize SAP and available reporting to execute tasks, collect data and conduct analyses
• Prepare and present information to executive management and other stakeholders
• Execute period-end close activities related to load rate allocation and settlement activities
• Coordinate and work closely with other areas including SAP technical support
• Provide technical input, mentor and train others on SAP functionality, reporting and analysis
• Prepare supporting monthly, quarterly and annual reports for stakeholders
• Troubleshoot accounting and SAP issues related to assigned areas
• Perform FERC module duties and respond to information needs and inquiries
• Provide accounting and SAP direction, information and analysis as requested
• Provide support to internal and external auditors as required
• Develop and maintain back-up capabilities by engaging in knowledge sharing and training efforts
• Identify opportunities for process changes and improvements where appropriate
• Perform various, often complex accounting procedures (e.g., journal entries, account reconciliations, etc.)
• Work with other utility industry representatives on various matters of mutual concern
• Contributes to the overall success of the department by performing all other duties and responsibilities as assigned, maintaining high levels of accuracy, maintaining a professional demeanor and appropriate levels of confidentiality, and providing excellent customer service
• Complete other miscellaneous projects and ad hoc assignments

What It Takes To Succeed :

Experience :

Education :

Completion of a Bachelor's Degree from an accredited institution that prepares the employee for the assignment.