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WGL

WGL - Sr. Benefits Accountant

WGL, Washington

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Job Description

Position Summary
Responsible for the accounting and reporting for compensation and employee benefits in accordance with Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC).

Tasks and Responsibilities

  1. Establishes and reviews required journals; ensures journal entries are properly prepared, edited, and posted; and reviews transactions which form the basis to account for the Company's compensation and benefit plans, including Pension, OPEB, stock-based compensation, paid time off, bonus accruals, and other benefit-related items.
  2. Conducts analyses of financial transactions, explains variations from year-to-date, prior year results, and budgeted and forecasted amounts.
  3. Performs reconciliations of balance sheet accounts related to benefit accounting and resolves any unreconciled items.
  4. Prepares and reviews external and internal schedules/reports on a monthly, quarterly, and annual basis.
  5. Acts as liaison for benefit matters with internal teams (Human Resources, Legal, Financial Reporting, Regulatory Affairs) and external entities (actuaries, fund managers, auditors).
  6. Coordinates the preparation of annual GAAP Financial Statements for benefit plans and participates in audit management for timely and accurate filings.
  7. Develops and implements Benefits Accounting policies and procedures.
  8. Provides responses to inquiries from management, auditors, and regulators, and prepares data for rate case filings and regulatory data requests.
  9. Collaborates with actuaries and management on benefit valuation assumptions and re-measurements.
  10. Researches and recommends accounting treatments for new employee/retiree benefits and related transactions, ensuring compliance with GAAP, DOL, SEC, and FERC requirements.
  11. Performs other projects as assigned by the Sr Manager of Technical Accounting and Benefits.

Qualifications, Skills and Abilities

  • Bachelor's Degree in accounting, finance, or related field (additional 4 years of experience may substitute).
  • Master's Degree or CPA preferred.
  • Minimum 5+ years in an accounting function.
  • Experience in benefits accounting, technical accounting, or financial reporting preferred.
  • Working knowledge of PeopleSoft General Ledger and reporting tools.
  • Strong understanding of GAAP, ASC 710-718, SEC, and FERC regulations.
  • Knowledge of the energy industry is a plus.
  • Excellent communication skills, both verbal and written.
  • Proficiency in Microsoft Office, especially Word and Excel.
  • Ability to build effective relationships and analyze data to solve business problems.

We offer a competitive salary of $94,000 to $136,000, along with comprehensive benefits including health insurance, retirement plans, and paid time off.

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