Overview
Accounting Manager role at Avangrid. This position has responsibility for accounting standards, policies and application of technical accounting decisions across the Avangrid Group (AGR), including Networks (regulated) and Renewables (non-regulated) within the Power and Utilities industry. The role also manages research and documentation related to AGR’s accounting strategy and decisions, including acquisitions, dispositions and investor/non-controlling interest transactions. The candidate provides advice on accounting policy revisions to senior management and interacts with business managers throughout Avangrid, translating complex accounting concepts into clear guidance. The role supports reporting processes for AGR under US GAAP and IFRS reporting for Iberdrola’s global external and internal management reporting. Base pay range: $151,800.00/yr - $189,800.00/yr.
Key Responsibilities
- Research, plan and implement detailed accounting policies under US GAAP and IFRS and oversee new standard implementations at the underlying businesses.
- Work closely with the business and other corporate control teams to prepare, determine, and maintain these policies.
- Review complex accounting areas and matters (e.g., regulatory accounting, revenue recognition, consolidation, equity method accounting including tax equity, business combination, goodwill, derivatives, capitalization issues, impairments).
- Project-manage and determine impacts of complex operations and ad-hoc transactions under US GAAP and IFRS, including key contracts and orders, acquisitions, divestitures, and outside investments.
- Manage data on accounting practices and update the Financial Reporting team by benchmarking disclosures of other public energy companies.
- Assist in coordinating external and internal audits at consolidated and subsidiary levels and resolve open comments and findings.
- Support the financial reporting team with US GAAP and IFRS financial statements and disclosures, including Forms 10-K and 10-Q.
- Develop regular internal reports to communicate accounting developments to management, including accounting change impacts, hot topics and standard-setting developments, and internal accounting training.
- Ensure that the basis for accounting decisions is properly documented to support significant transactions, including internal controls.
Required Qualifications
Education & Experience Required:
- Bachelor’s Degree in Accounting, Finance or related field
- Minimum of 7 years in accounting/auditing or accounting/financial experience in a management role
- Direct and recent experience with SEC and US GAAP technical accounting, disclosure and internal control requirements
Skills/Abilities:
- Strong understanding of the economic and financial impact of documents (e.g., financing agreements, operating contracts, partnership agreements) and ability to partner with the business to reach accounting policy conclusions and communicate impacts.
- Strong self-starter and project management skills
- Strong analytical and problem-solving ability; excellent oral and written communication skills
Preferred Qualifications
- Certified Public Accountant or CPA exam eligible candidate
- Public accounting/auditing firm experience
- Knowledge of IFRS accounting standards
- Knowledge of power and/or utility accounting and FERC standards
- Initiative & Change; Focused on Results
- Customer Centric (internal and external)
- Communication
Employment details
- Job type: Full-time
- Seniority level: Mid-Senior level
- Job function: Accounting/Auditing, Management, and Finance
- Industries: Electric Power Generation, Utilities, and Natural Gas Distribution
Other job-related information and typical benefits may be included in job postings, but are not guaranteed.