The property accountant, under direct supervision, unitizes and retires assets in accordance with the BHE Pipeline group capitalization policy; assures correct asset depreciation, provides general ledger support through the completion of journal entries and supporting documentation and reconciliation of general ledger accounts; monitors capital project process from the approval through unitization and /or retirement stage to screen out non-capital plant additions or retirements, ensure proper approval is obtained, assigns appropriate FERC classification and identifies and assists in the resolution of interface issues between software systems; assists in the preparation of supplemental schedules, reports and recaps to support internal and external financial reports for company management, institutional investors, the Federal Energy Regulatory Commission (FERC) and other governmental agencies; assists with monthly balance sheet and income statement variance analyses that relate to property, plant and equipment (PP&E) activity.
Primary Job Duties and Responsibilities
Capital Project Administration Duties
Monitoring of capital work order approval process to screen out non-capital requests, ensure proper approval is obtained, assigns appropriate FERC utility account and assists in identification and resolution of interface issues between software systems; prepares monthly AFE and Work Order capital expenditure and Ready for Service compliance reports to alert project managers, directors and officers of projects that are approaching noncompliance or are noncompliant with BHE pipeline group policies.
Property Plant and Equipment Unitization and Retirement
Audits project charges to determine if actual project expenditure activity qualify as a capital expenditure and ensures that cost of non-qualifying activity is charged to the appropriate expense account. Unitize qualifying PP&E additions to the appropriate asset location for traditional or market based rates, FERC utility account, depreciation group, and unit of property and retires the appropriate units of property removed from service.
Month-end close duties include:
Recording monthly journal entries, including general ledger corrections.
Monthly analyses includes:
Preparation of monthly general ledger account reconciliation schedules;
Monthly analysis and reporting to tax of book to tax capitalization differences;
Preparation of monthly/semi-annual or annual billings O&M, capital and damage billings in accordance with contract terms or legal guidance as assigned;
Handle credit and collections for these billings, and prepare A/R aging report.
Assist in the preparation of supplemental schedules, reports and recaps to support internal and external financial reports for company management, institutional investors, the Federal Energy Regulatory Commission (FERC) and other governmental agencies. Includes FERC Form 2 and blanket certificate schedules and Form 3Q.
Special projects and assignments include:
Responding to outside auditor's requests and providing detailed support; Preparation of year-end tax schedules; Preparation of net book values;
Perform any additional responsibilities as requested or assigned.
Bachelor's degree in accounting, business administration, or related field; or equivalent work experience? (Typically six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor’s degree.)
Zero to two years of related accounting experience using computerized accounting systems.
Knowledge of generally accepted accounting principles (GAAP).
Knowledge of FERC Uniform System of Accounts (USofA) and gas plant instructions.
Research and analytical skills; experience with financial analysis methods and tools
Strong personal computer skills; proficiency in Excel, Access and Word; demonstrated ability to understand and utilize computer systems and applications as tools for analysis
Ability to maintain focus amid rapidly changing demands and priorities
Effective oral and written communication skills
Effective interpersonal skills and the ability to work independently and as part of a team
Effective analytical and problem-solving skills
Ability to prioritize and handle multiple tasks and projects concurrently
Employees must be able to perform the essential functions of the position, with or without an accommodation.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability or protected veteran status.