SEC Financial Research and Reporting Specialist

Overview

Job Description Responsible for internal and external financial statements to Board of Directors, enterprise management, enterprise staff, and external third parties. Responsible for reporting financial information in conformity with United States (US) Generally Accepted Accounting Principles (GAAP), the Securities and Exchange Commission (SEC), and the Federal Electric Regulatory Commission (FERC). Prepares and files reports in accordance with the SEC, researches and tracks GAAP to FERC differences for reporting purposes, researches the potential impact on financial statements and disclosures of new GAAP accounting, SEC, and FERC standards/regulations, ensuring the main general ledger is GAAP compliant.

Provides technical and oversight direction to the corporate accounting team as needed. Prepares written analyses and conclusions of monthly, quarterly, and annual financial reports for audit purposes.

• Research, prepare, and perform multi-level consolidating financial statements (income statement, indirect cash flow statement, and balance sheet), ensure compliance with GAAP, FERC guidelines (FERC Form
  1), and SEC requirements (10K, 10Q, 8K, proxy statements) for reporting to the Board, management, staff, and external reporting agencies.
• Prepare required financial statements for internal and external distribution, including footnotes and Management Discussion and Analysis (MD&A) for periodic filings.
• Research potential impact of new GAAP accounting, FERC accounting, and SEC standards on financial statements and disclosures to ensure compliance with GAAP, SEC, and FERC reporting requirements.
• Research technical accounting issues and treatment to assure compliance with GAAP, providing technical assistance to team members and acting as liaison to other departments to facilitate the proper flow of information.
• Research and assist in tracking GAAP to FERC differences, ensuring all differences are captured and reconciled for FERC reporting requirements.
• Collaborate with functional groups and contributors to SEC reports to draft descriptions and wording for footnotes and disclosures in the 10-K and 10-Qs, including Legal, Finance, Tax, FP&A, Supply Chain, Operations, IT, Environmental, People Resources and Marketing.
• Collaborate with Transmission Contracts, Rates & Policy group to provide information for FERC-filed OATT rates.
• Coordinate information requests and prepare supporting documentation and analyses for financial statements, footnotes and MD&A disclosures, including disclosure checklists and tie-out binders.
• Assist with detailed XBRL and Inline (iXBRL) tagging of financial statements and footnotes.
• Work with external auditors during year-end audits and interim reviews, providing flux analysis explanations, preparing audit schedules and reports, and resolving accounting matters with auditors.
• Resolve management and auditor review comments.
• Determine impact of new accounting standards and regulations from EITF, FASB, and internal controls implications related to SOX.
• Review contracts for proper revenue recognition and lease accounting treatment.
• Continuously assess financial reporting and equity processes for improvements.
• Prepare reports/analyses and participate in other projects as needed.
• Ensure compliance with SOX requirements.
• Coordinate activities within the corporate accounting group regarding the general ledger close process to facilitate timely and efficient monthly closes.
• Plan, implement, and assure compliance with procedures for all general ledger functions.
• Advise employees and management on policies and procedures, FASB decisions and changing interpretations of GAAP.
• Prepare special reports, financial analyses, calculations, and allocations as required and make recommendations as appropriate.
• Cross-train colleagues to maintain workload during absences.
• Ensure adherence to contractual commitments and ensure transactions are recorded properly.
• Adhere to regulatory requirements in the electric utility industry, remain knowledgeable of developments in regulations and standards (e.g., NERC, SOX), and comply with Corporate Policy C-54, Compliance.
• Demonstrate Tri-State values and…