Job Information
Duke Energy Lead Accounting Analyst (Carolinas One Utility) - Asset Accounting in Charlotte, North Carolina
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Asset Accounting is within the Controller’s Department and provides accounting, financial analysis and reporting support for Duke Energy’s Capital Projects and Assets. The Lead Accounting position requires strong technical knowledge and research capabilities to ensure reporting compliance within GAAP and FERC rules. The role interacts with various departments while leading projects, setting priorities, and working on special projects. The role includes responsibility for complex analysis and research of ad-hoc requests to develop reporting and effectively present results for management review and decision making.
This is the fifth level of the financial analysis classification hierarchy. Progression to this level is typically restricted based on business need. Employees at this level solve complex problems and interpret internal or external business issues and recommend solutions. The role requires specialized depth and breadth of expertise to provide leadership (advising and providing direction) to others in financial areas of specialization including coordination of daily work activities or review the work of other teammates. Employee may also regularly lead projects. Employee works independently, with guidance in only the most complex situations.
Responsibilities
Duke Energy Carolinas (“DEC”) and Duke Energy Progress (“DEP”) are pursuing an analysis of combining the two electric utilities into one legal entity. Initial studies show significant savings through 2038 from operational improvements, simplified regulatory processes, optimized investment of future resources, and ability to address rate disparity. There is a need for additional experience and leadership because of pursuing a merger of the two utilities. This role is responsible for managing the accounting and reporting work that will need to be completed in anticipation of a merger. The position, as a project lead, will interfaces with business representatives at all levels, at different jurisdictions/registrants, and in different departments/function including Rates & Regulatory, FP&A and Treasury.
The role is responsible to ensure that GAAP and FERC reporting requirements are met. This position also works with internal and external auditors as well as other regulatory parties to answer questions and provide information through written data requests or direct verbal inquiry. This position will handle moderately complex reporting issues and require occasional research and documentation of significant accounting issues/conclusions. Therefore, strong analytical skills and the ability to exercise judgment are essential. Examples of tasks could include preparation of monthly journal entries relating to the Costs-To-Achieve (“CTA”), preparation of various reports to the overall project leads and sponsors, ad-hoc data requests from regulatory bodies including the NCUC, PSCSC, and FERC, preparation, and review of associated footnote disclosures (“Form 10-Q/K”), and preparation of quarterly earnings release financial information. This position will work to ensure all stakeholders (internal and external) are satisfied and understand all accounting and reporting impacts. This position will work to ensure consistent processes and reports are adopted and well understood between the DEC and DEP registrants.
Specific Activities
System Changes/Updates (e.g. PowerPlan, State Specific Financials)
Depreciation Study (e.g. combined study) and Rate Case Support
Decommissioning including dismantlement studies, nuclear decommissioning alignment and NDTF impacts
ARO Remeasurement
Lease Accounting Support
Nuclear Fuel Accounting Process Changes
Asset/Depreciation Reporting Consolidation of DEC/DEP (including SEC data requests, PP&E rollforwards, etc.)
AFUDC Rate Combination
Account Reconciliation Impacts
SOX Control Documentation and Updates
Required Qualifications
Bachelor’s degree in Accounting, Finance, Economics, or other closely related discipline
Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree
Possesses and applies comprehensive and strategic knowledge of accounting and finance principles, practices, and procedures to complete complex assignments
Experience with financial systems including, but not limited to, Wdesk, OneStream, PeopleSoft, CAPS Online, and advanced Microsoft Office product skills (e.g., Word, Excel, PowerPoint, PowerBI)
Desired Qualifications
Eight (8) or more years of increasingly diverse or complex experience in related field in addition to degree
CPA or CPA candidate
Graduate degree in Accounting, Business, or related fields
Public accounting or auditing experience with a demonstrated ability to complete technical accounting documents for management
Effective written and oral communication and collaboration skills
Possesses and applies fundamental accounting and finance concepts, practices, and procedures
Previous experience in a utility or in a regulatory accounting environment with a focus on securitizations
Familiarity with rate making revenue requirements principles
Ability to perform detailed analyses, recognize trends and irregularities in complex calculations, and explain variances by researching and identifying relevant, underlying causes of changes in results
Highly organized with attention to detail and ability to efficiently multi-task within tight deadlines
Advanced analytical and critical thinking skills, including data analytics
Demonstrated ability to project manage, including ability to work independently, manage competing priorities, and adhere to strict deadlines and schedules
Demonstrated ability to work in a team environment and foster good relationships with teammates and business partners
Experience with FERC form preparation and other regulatory filings
#LI-JC1
#LI-Hybrid
Working Conditions
Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to a Duke Energy facility.
Some overtime is likely to occur but intended to be infrequent and align with peak workloads on the quarters and during the year-end close process.
Infrequent travel may be required to attend Commission meetings or other regulatory driven needs in Raleigh, NC and Columbia, SC.
Travel Requirements
5-15%
Relocation Assistance Provided (as applicable) No
Represented/Union Position No
Visa Sponsored Position No
Posting Expiration Date
Tuesday, September 3, 2024
All job postings expire at 12:01 AM on the posting expiration date.
Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.
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Brighter opportunities. Brighter futures. Duke Energy values ideas that come from a diverse and inclusive workforce, and we’re dedicated to providing a work environment where all people are valued, respected and able to reach their full potential. Duke Energy is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, childbirth or related medical conditions, including but not limited to lactation, religion, national origin, ancestry, ethnicity, citizenship, sexual orientation, gender identity, gender expression, age, marital status, physical or mental disability, genetic information, medical condition, military status, or protected veteran status. Duke Energy complies with all applicable state, federal and local laws, regulations and ordinances prohibiting discrimination.
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