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Lead Analyst - Financial Accounting

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Title: Lead Analyst - Financial Accounting
Reporting to: Manager, Fixed Assets
Location: Portland, ME
Work Type: Office

The base salary range for this position is dependent upon experience and location, ranging from $85,000 to $107,000

Position Overview:

The Lead Analyst – Financial Accounting, Fixed Asset Accounting, who reports to the Manager – Fixed Asset Accounting plays an important role in supporting the Group Accounting & Process team within the Control Finance group. Primary responsibility is the timely and accurate accounting and monitoring of fixed assets of the AVANGRID Businesses (Corporate and Networks), including processing transactions, preparing reconciliations, in-depth analytics and reporting.

This position will have no direct reports and will contribute significantly to ensuring the integrity of the US GAAP and IFRS financial statements, fixed asset accounting system and compliance with internal controls. This role may also include other individual contributor responsibilities as determined by the Manager – Fixed Asset Accounting

Responsibilities include:

Subject matter expert in the accounting for fixed assets and utilization of SAP Asset Management Module and the AVANGRID Capitalization Policy.
Ensure all regular accounting activities related to the scope of the team are completed in adherence with Avangrid & Iberdrola policies and accounting deadlines including journal entries, reconciliations, FERC reports, compliance with both US GAAP and IFRS etc.
Develop strong relations with Networks’ business teams, collaborating to address questions and find solutions to problems
Coordinate with Regulatory & Revenue Requirement teams on filings including preparation of exhibits, backup support and documentation. Respond to interrogatories, regulatory requests. Provide regulatory docket collaboration as needed across the Company.
Work with Fixed Assets team management to implement changes to depreciable lives and methods, as needed
Oversee and execute on projects on an ad hoc basis to create efficiencies with the fixed asset department
Establish and document existing and new processes and procedures.
Work with the internal auditors and business control representatives in the identification of potential risks and the application of solutions to mitigate.
Work with external auditors to meet their needs regarding their audits of fixed assets and related controls
Ensure all relevant internal controls are followed and develop new controls as needed.

Requirements:

Bachelor’s degree in Finance, or Accounting or the equivalent combination of education and experience.
At least 6 years’ experience in industry or public accounting relevant to job requirements.
Sound understanding of US GAAP / IFRS, including application.
Ability to work and communicate effectively with all levels of the corporate hierarchy on written and oral interfaces.
Solid communication skills and ability to interact with Senior Management.
High-level of analytical and problem-solving skills.
Skills to work independently with management oversight.

Preference may be given to candidates with the following:

CPA license and/or graduate business degree.
Energy experience.
Systems experience in SAP

#LI-OFFICE

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Company:

CENTRAL MAINE POWER CO

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.

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.

Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate functions. This does not include those that will work for Avangrid Power.

Job Posting End Date:

April-30-2025

Average salary estimate

$96000 / YEARLY (est.)

min

max

$85000K

$107000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Lead Analyst - Financial Accounting, iberdrola

Are you ready to take charge as a Lead Analyst - Financial Accounting with Central Maine Power Co? If you have a passion for fixed asset accounting and enjoy a collaborative work environment, this is the place for you! Located in beautiful Orange, Connecticut, this position reports to the Manager of Fixed Assets and is all about ensuring the financial accuracy and compliance that supports our AVANGRID Businesses. You'll dive deep into the world of US GAAP and IFRS as you manage, monitor, and track our fixed assets, ensuring every transaction is processed flawlessly. Your responsibilities will include preparing reconciliations and conducting in-depth analytics that will help drive our financial strategy. With a strong focus on teamwork, you'll build relationships with various departments to solve problems and streamline processes while also coordinating with regulatory teams. If you thrive on analytical challenges, love creating efficiencies, and want to contribute to the integrity of financial statements, then this role is perfect for you. Join a dedicated team where your expertise will directly impact our financial success and compliance. With an attractive salary range depending on experience and location, the opportunity for growth and development, Central Maine Power Co is looking for someone like you!

Frequently Asked Questions (FAQs) for Lead Analyst - Financial Accounting Role at iberdrola

What are the key responsibilities of a Lead Analyst - Financial Accounting at Central Maine Power Co?

As a Lead Analyst - Financial Accounting at Central Maine Power Co, you will be primarily responsible for the accurate accounting and monitoring of fixed assets. This includes processing transactions, preparing reconciliations, performing analytics, and ensuring compliance with both US GAAP and IFRS standards. You will collaborate with business teams to address queries and solutions while also coordinating with regulatory teams on necessary filings and documentation. Additionally, you'll work on projects to enhance efficiencies within the department.