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Accountant III

Company: American Water
Location: Camden
Posted on: December 1, 2019

Job Description:

Founded in 1886, American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Camden, NJ, the company employs over 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 46 states. To learn more about American Water and additional career opportunities, visit RoleResponsible for the compilation and analysis of accounting/financial information for the American Water subsidiaries as assigned, and the maintenance of complete and accurate subsidiary general ledgers. Assists in the consolidation process and provides reporting support and other services to the External Reporting, Financial Analysis and Decision Support, Budgeting and Internal Reporting, Tax and Rates Support/Regulatory Operations teams.Key Accountabilities

  • Prepares journal entries and assists in the facilitation of the monthly close process.
  • Analyzes financial results and variances, ensuring completeness and accuracy of the subsidiary general ledgers.
  • Performs key account analyses and reconciliations, including the timely investigation and resolution of discrepancies and reconciling items.
  • Provides reporting support, information and analysis to assist in consolidation and the External Reporting teams fulfillment of the Companys quarterly and annual SEC reporting requirements.
  • Prepares quarterly and annual subsidiary financial statements and state commission reporting requirements, ensuring compliance with US GAAP, state-specific utility regulation, internal controls and Company policies and practices.
  • Participates in the annual audits (both the consolidated audit and subsidiary audits) and coordination with the external auditors.
  • Assists in the interpretation of rate case orders/memorandums and other regulatory decisions and implements the appropriate accounting for such.
  • Interfaces/liaises with the Financial Analysis and Decision Support, Budgeting and Internal Reporting, Cash/Treasury, Accounts Payable, Call Center Operations, Regulatory and Tax teams, providing information for accounting and reporting matters and assistance in interpreting and analyzing financial results.
  • Assists the Regulatory Services/Regulatory Operations teams in fulfilling rate case requests and analyses for filings and/or other reporting requirement reports.
  • Assists with special projects and initiatives to optimize the effectiveness of existing business applications, technologies and systems and to build efficiencies/improvements into current business processes.
  • Assists in the refinement and maintenance of the accounting/financial policies, practices, internal controls and operating procedures to ensure the integrity of the Companys internal control structure.Knowledge/Skills
    • Three to six years of relevant experience required.
    • Prior public accounting, corporate and/or multi-subsidiary company experience a strong preference.
    • Prior experience working in the utility industry and knowledge of regulatory accounting a plus.
    • Knowledge and prior experience working with SAP, PowerPlant, Hyperion, Blackline, SharePoint, Workiva a plus.
    • Knowledge of U.S. GAAP and the ability to apply principles and practices to accounting matters.
    • Knowledge of Microsoft Office products (Excel, Word, PowerPoint), with a particular expertise in advanced Microsoft Excel functionalities (i.e. pivot and look-up tables, etc.) a plus.
    • Strong written and oral communication skills with proven ability to interact effectively with internal customers, management and external professionals (i.e. auditors).
    • Excellent analytical, systemic and problem solving skills, including the ability to work in teams or effectively work independently.
    • Strong interpersonal skills, with an emphasis on initiative, knowledge sharing, team building and decision makingExperience/Education
      • Bachelor's Degree in Accounting or Finance required.
      • CPA or advanced degree preferred.
      • Four to seven years experience.
      • Prior corporate and/or multi-subsidiary experience desired.
      • Minimum of two (2) years experience in the utility, or multi-company corporation industry desired.CompetenciesChampions safetyCollaboratesCultivates innovationCustomer obsessedDrives ResultsNimble learning
        • Join American Water...We Keep Life Flowing*
        • American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants* based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because he or she is an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

Keywords: American Water, Camden , Accountant III, Accounting, Auditing , Camden, New Jersey

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