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Manager Revenue & Energy Accounting
Manager Revenue & Energy AccountingNYC Staffing • Newark, NJ, US
Manager Revenue & Energy Accounting

Manager Revenue & Energy Accounting

NYC Staffing • Newark, NJ, US
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Job Opportunity At PSEG Services Corp.

We're one of the country's largest energy companies, with a vision of powering a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever. We're also deeply connected to the communities we serve, with more than 13,000 employees working together to support our customers and make a difference every day. Here, you'll have the stability and exciting opportunities that come with being a Fortune 500 company along with a supportive, friendly work environment where your contributions are valued. We know life isn't one-size-fits-all, and neither is work. That's why we offer flexible work options depending on the role.

In support of this model, roles have been categorized into one of three work location categories :

  • Onsite roles where employees are expected to be onsite daily.
  • Hybrid fixed roles that are a mix of remote work and onsite work fixed days each week
  • Hybrid flexible roles that are a mix of remote work and onsite work, but the onsite requirements have greater flexibility.

As an employee, if you are regularly scheduled to work 20 or more hours per week, you will have access to a wide range of comprehensive benefits from day one, designed to support your total well-being : medical, dental, vision, parental leave and family leave programs, behavioral health programs, 401(k) with company match, life insurance, tuition reimbursement, and generous paid time off.

More than 13,000 people already call PSEG their work home, taking pride in providing safe, reliable service to millions of customers. If you're looking for a place where you can build a meaningful career and help power and support our communities, we'd love to welcome you to the team. PSEG is not offering visa sponsorship for this position.

Job Summary

Position will manage the PSE&G's multi-billion revenue and energy accounting process. Responsibility of managing the monthly book closing by : implementing the appropriate accounting resulting from Regulatory Orders and new business transactions, planning staff's workload and approving their products under tight deadlines, partnering and troubleshooting with PSE&G & Service Company Departments to ensure the source documentation and computer systems' financial outputs are accurate; communicate to PSE&G's Senior Management monthly financial results under tight deadlines.

Job Responsibilities

  • Manage PSE&G's $8 billion Gross Revenue accounting process. Manage the monthly book closing by organizing, reviewing and approving staff's work. Understand new regulatory and business developments in order to record the transaction properly on the Company's books.
  • Manage PSE&G's $5 billion Energy and Gas Costs accounting process. Manage the monthly book closing by organizing, reviewing and approving staff's work. Understand new regulatory and business developments to record the transaction properly on the Company's books.
  • Manage PSE&G's $8 billion Deferral process. Manage the monthly book closing by organizing, reviewing and approving staff's work. BGS & BGSS. Understand new regulatory and business developments to record the transaction properly on the Company's books.
  • Calculate the annual Securitization related tariff rate filings. Partner with Treasury to ensure the cash remittance process is accurate.
  • Significant contributor to the external and internal reporting process by approving the staff's analytic schedules that form the basis of the revenue and energy footnotes & MD&A in the 10K / Q and schedules.
  • Job Specific Qualifications

    Bachelor degree in finance or accounting plus 8 years of regulatory accounting experience. CPA or demonstrated active progress towards earning a CPA within 2 years. Strong knowledge of GAAP and underlying standards with knowledge of Regulatory Accounting (ASC 980) and Reporting a plus, including the Uniform System of Accounts and other issues relating to regulated utility companies. A combination of ten plus years in public and private accounting, including five or more years in a supervisory / managerial capacity directing a professional work group, demonstrating excellent management skills and technical acumen. Strong leadership skills and experience with creating and developing high performing teams. Excellent written and verbal communication skills, and ability to effectively articulate and present to management and others within the organization, as well as external regulatory stakeholders such as BPU staff, Rate Counsel, FERC staff, etc. Department of Energy's regulation 10 CFR 810 is required.

    Desired :

  • Masters Degree in finance or accounting
  • "Big 4" public accounting a plus
  • Some positions at PSEG require access to information covered by the Department of Energy's regulation 10 CFR 810 (Part 810). If applicable, the successful applicant must prove they are : (1) a citizen or national of the USA; OR (2) a lawful permanent resident of the United States (Non-Conditional Permanent I-551 / Green Card / Permanent Resident Card holder); OR (3) a citizen, national, or permanent resident of a "Generally Authorized" destination on the attached list not also a citizen, national, permanent resident of any country not listed; OR (4) a "Protected Individual" under the Immigration and Naturalization Act (8 U.S.C 1324b(a)(3)).

    As an employee of PSEG, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations. For all roles, PSEG's drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident / accident testing. Employees who are hired or transfer into a federally regulated role (including positions covered by USDOT, PHMSA, or NRC regulations) are subject to random drug and alcohol testing, inclusive of marijuana. Although numerous states throughout the country have legalized marijuana / cannabis products recreationally and medically, the use of these products are prohibited for employees in federally regulated roles. Please note that the use of CBD products may result in a positive drug test for THC / Marijuana and such use is not a legitimate medical explanation for a positive result.

    If you are a current PSEG Long Island (PSEGLI) employee and offered an opportunity with PSEG or any of its subsidiaries other than PSEGLI, you will be treated as a new hire. Please note that as a new hire to PSEG, your benefits will change and generally will be consistent with other similarly situated PSEG new hires. Similarly, for PSEG employees who accept job opportunities with PSEGLI, your benefits will change and generally be consistent with other similarly situated new hires of PSEGLI.

    PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals. PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com. If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

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