The Assistant Controller provides support to the Controller - Avangrid, through reliance on underlying departments, that the financial statements satisfy all requirements on both a GAAP and regulatory basis. The position partners with the operational, support business areas, and other corporate functions to ensure that the tactical and strategic initiatives are realized through optimizing regulatory accounting. The position provides effective, timely, and actionable financial information and bus... more details
The base salary range for this position is dependent upon experience and location, ranging from: $200,000 - $250,000
Job Summary
The Assistant Controller provides support to the Controller - Avangrid, through reliance on underlying departments, that the financial statements satisfy all requirements on both a GAAP and regulatory basis. The position partners with the operational, support business areas, and other corporate functions to ensure that the tactical and strategic initiatives are realized through optimizing regulatory accounting. The position provides effective, timely, and actionable financial information and business analytics, including monthly, quarterly, and annual reporting and analysis on Avangrid and its subsidiaries’ financial performance, treasury management, as well as ad hoc reporting and analysis as required. The position identifies and evaluates operational and business issues that impact financial performance and effectively communicate the results to various stakeholders, including business partners in other areas of finance, as well as senior management and outside investors. The position will act on behalf of the Controller in their absence .
Key Responsibilities
Serve as a key member of management within Control, overseeing critical business processes, including consolidations, general accounting, taxes, and other shared-service processes.
Review, evaluate, and interpret current and proposed GAAP policies.
Responsible for the oversight of all Avangrid accounting in accordance with GAAP, FPSC, and FERC standards and rules.
Sign off on balance sheet, income statement, and cash flow produced monthly by accounting transactional teams.
Prepare detailed financial statement analytics and present information to the Chief Financial Officer and Controller.
Prepare and analyze monthly forecasts, including the evaluation of assumptions, to ensure effective, timely, and actionable financial information.
Prepares timely and accurate internal and external operating reports, and other reports as required by financing and partnership agreements.
Provides high-quality analytics and valuable variance commentary on actual and forecasted financial information.
Prepares ad hoc financial analyses, reports, and models as required (scenario/impact analysis on potential transactions and business decisions).
Prepares presentations for third-party lenders/investors.
Coordinates and facilitates closing activities, including financial review meetings, as appropriate.
Provides support to the Controller as necessary, including, but not limited to, coordinating initiatives and common processes with the Control business area, overseeing and responding to Regulatory inquires and assisting in budget, REVs, and strategic planning.
Reviews various processes within the Control function for scale and efficiency and oversees organizational changes.
Serves as an expert witness in proceedings before state and federal regulators representing AVANGRID on accounting matters, as required.
Oversees or leads other projects as needed.
Performs other job-related duties as assigned.
Required Qualifications
Bachelor’s Degree in Accounting, Finance, and/or Business.
Minimum of 5 years of continuous accounting experience.
Detail-oriented, highly productive, and ability to work independently and cross-functionally.
An exceptional understanding of financial accounting.
Strong analytical skills and an interest in solving complex problems.
Excellent analytical and written / verbal communication skills.
Executing responsibilities with attention to detail and due care.
Experience leading teams and projects.
Experience operating in a highly regulated environment.
Preferred Qualifications
Master’s Degree in Accounting and/or Finance.
Certified Public Accountant (CPA).
Chartered Financial Analyst (CFA).
Experience with regulated utilities and renewables.
Demonstrated success in both leading accounting teams across large organizations and working effectively in matrixed organizations.
#LI-Hybrid
Mobility Information
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.
If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at careers@avangrid.com
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