Manager, Asset Accounting

Requisition ID # 168762 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

Capital Accounting plays a critical role in ensuring the accuracy of PG&E’s accounting and reporting, capital recovery and capital-related financial and regulatory forecast functions. The team works with many stakeholders across PG&E to maintain effective oversight and understanding of the Company’s capital expenditures processes.

The Company plans to spend $12 billion on capital expenditure in the coming year. The work of this high-profile team will provide the successful candidate with challenge and variety as well as exposure to key individuals throughout the company.

Position Summary

The Asset Accounting Manager will be responsible for ensuring the accuracy of PG&E’s accounting and disclosures over $125 billion of plant, property, and equipment. This includes working with cross-functional teams to provide effective oversight on capital work order management processes. The team is also responsible for the accounting for $5.5 billion of asset retirement obligations.

The successful candidate will be a leader who has strong organizational and planning skills, is highly detailed oriented with robust knowledge of utility accounting. The ideal candidate is self-motivated and has enthusiasm to drive the team’s focus on process improvement and automation.

This position is hybrid, working from your remote office and the Oakland General Office generally once a week or based on business need.

Disclosure:

PG&E is providing the salary range that can reasonably be expected for this position at the time of the job posting. This salary range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, internal equity, specific skills, education, licenses or certifications, experience, market value, and geographic location. The decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

Pay Range display:

Bay Area – $126,000 - $179,300/year

Job Responsibilities

• Manages month-end closing process related to plant accounts to ensure accuracy and compliance with U.S. GAAP and FERC accounting requirements (journal entries, variance analysis and account reconciliations).
• Lead the resolution of more complex accounting, regulatory and disclosure issues. Ensure timely communication of issues to interested parties.
• Oversees preparation of supporting documentation for SEC and regulatory filings.
• Reviews and interprets policies, regulatory decisions, and reporting requirements.
• Identify opportunities and lead continuous improvement efforts in capital related business processes across multiple functional groups by enhancing controls and gaining efficiencies through alignment of work streams.
• Support financing and securitization efforts for the Company.
• Supports effort related to PowerPlan system upgrades, functionality enhancements, and system design optimization.
• Builds and maintains relationships with key business partners to contribute to early identification of unusual or complex transactions and changes that could have potential accounting / reporting impacts.
• Drives performance and manages a team of ten individuals by setting goals and development plans, conducting performance reviews, and providing ongoing feedback to direct reports.

Qualifications 

Minimum:

• BA/BS in Accounting or related field or equivalent work experience
• 7 years of relevant accounting experience to include previous management experience with an ability to effectively collaborate on cross functional teams

Desired:

• Certified Public Accountant (CPA) or equivalent
• Ability to manage a variety of projects and timelines
• Knowledge of Utility ratemaking
• Knowledge of accounting systems, establishing business requirements for system design, and strategy development with systems which interface or integrate
• Knowledge of fixed assets, work order and estimating systems
• Knowledge of financial analysis and internal controls.