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Manager of Accounting Research

Company: Avangrid
Location: Portland
Posted on: June 23, 2022

Job Description:

Avangrid is seeking a Manager, Technical Accounting Researchto join their team in their Portland, MElocation.

Job Summary

This position has the responsibility for the accounting standards, policies and application of technical accounting decisions/conclusions across the Avangrid Group (AGR), which includes both regulated and non-regulated business affiliates in the Power and Utilities industry. This position also manages the research and documentation of accounting/financial datarelated to AGRs accounting strategy and decisions. Provides adviceand guidance on accounting policy revisions to senior management.The ideal candidate will be able to identify, evaluate, debate and document complex technical and operational accounting issues, and hasan ability to describe complex technical accounting concepts in simple easy to understand terms and present to audiences.

The candidate will assist in reporting processes for AGR in accordance with US GAAP through required filings with the SEC and in accordance with IFRS within prescribed reporting forms for Iberdrolas global external reporting. A portion of the responsibilities will be spent in coordinating with external and internal audits and strong relationships will be required. The candidate will liaise withIberdrolas global finance and operations organization, and will be involved in several initiatives for new accounting standard implementations, clarifications, and updates.

This position will have no direct reports.


  • Research, plan and implement detailed accounting policies surrounding US GAAP and IFRS and oversee new standard implementations at the underlying businesses. Work closely with the business and other corporate control teams to prepare, determine, and maintain these policies.
  • Reviews complex accounting areas and matters (e.g., regulatory accounting, revenue recognition, consolidation, equity method accounting including tax equity, business combination, goodwill, derivatives)
  • Project-manage and determine impacts of complex operations and ad-hoc transactions underUS GAAP and IFRS.
  • Manages data on accounting practices and periodically updates thefinancial Reporting team on the disclosures of other publicenergy companies.
  • Assist in the coordination of all external and internal audits including the resolution of open comments and findings.
  • Independent review of US GAAP and IFRS financial statements and its disclosures.
  • Ensure accurate reporting by assisting in challenging variances and unusual items in monthly PL and key performance indicators and coordinating with AGR Subsidiary Accounting Teams and across departments (tax, regulatory, etc.) to resolve issues.
  • Develops regular internal reports to communicate accountingdevelopments of relevance to management. Ensures that the bases foraccounting decisions are properly documented.Benefits What Youll Receive

    • Competitive wages and compensation
    • Annual bonus opportunities
    • 401k matching at 150% of your contribution (up to 8%)
    • College and certification reimbursement program
    • Paid vacation with scheduled increases Starting at 160hrs per year
    • Company paid holidays
    • Paid Parental Leave
    • Medical, dental, vision, life insurance, etc. options offered
    • Employee wellness programs
    • Internal training and advancement programsJOB REQUIREMENTS:
      Education Experience Required:
      • Bachelors Degree in Accounting, Finance or related field at minimum
      • Minimum of 7years inaccounting/auditing
      • Certified Public Accountantor CPA-eligible candidate
      • Accounting or financial experience in a management role required
      • Direct and recent experience with SEC and US GAAP technical accounting and disclosure requirements
      • Experience with the Sarbanes-Oxley compliance including design of internal controls, evaluation, testing and remediation
      • Public accounting/auditing firm experience preferredSkills/Abilities:
        • Detailed knowledge of US GAAPrequired
        • Knowledge of power and/or utility accounting preferred
        • Strong understanding of the economic and financial impact of all relevant documents (i.e. financing agreements, operating contracts, partnership agreements, etc.)
        • Knowledge of IFRS accounting standards preferred
        • Knowledge of FERC accounting standards preferred
        • Strong leadership skills required
        • Strong project management skills required
        • Strong analytical and problem-solving ability required
        • Excellent oral and writtencommunication skillsAVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.s Sustainable Development Goals and was named among the Worlds Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com

          This job has been posted by TalentBoost on behalf of Avangrid. TalentBoost is committed to the fundamental principle of equal opportunity and equal treatment for every prospective and current employee. It is the policy of TalentBoost not to discriminate based on race, color, national or ethnic origin, ancestry, age, religion, creed, disability, sex and gender, sexual orientation, gender identity and/or expression, military or veteran status, or any other characteristic protected under applicable federal, state or local law.


Keywords: Avangrid, Portland , Manager of Accounting Research, Accounting, Auditing , Portland, Maine

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