- Overseeing the preparation of SMUD's consolidated financial statements in accordance with SMUD standards, GAAP, FERC and GASB guidelines
- Analysis of the financial statement variances
- Preparation and review of the monthly executive summary to the Board of Directors
- Assisting with the preparation and review of the year-end audited financial statements, audit schedules and coordination with our external auditors
- Overseeing the response to various financial surveys throughout the year, reviewing the monthly and quarterly utility user tax returns, and the preparation of the annual non-cash budget
- Plans, coordinates, prioritizes, monitors, and guides work activities with work-unit employees to meet established task objectives and deadlines by following established policies and precedents; communicating with team members and incorporating their input to processes and techniques; providing staff training; promoting staff safety and a safe work environment; assisting in selecting and orienting new personnel; assisting in evaluating work performance results; participating as a team member in accomplishing objectives; and referring problems to supervision where solutions are not readily achievable. To provide leadership and participate in assigned tasks of a work unit in order to meet defined unit goals and schedules and comply with SMUD schedule, quality, quantity, safety and performance standards.
- Supervises the general accounting unit by overseeing the proper reporting of revenues, expenses, receivables and payables; guiding the analyses and resolution of accounting problems and discrepancies; overseeing the preparation of disclosure statements and other financial accounting documents; and overseeing the preparation of SMUDs General Ledger and Annual Report in accordance with SMUD standards and GAAP, FERC, GASB and FASB guidelines. To ensure the accurate recording and reporting of general accounting and financial data and the provision of relevant analyses for management decision-making.
- Supervises the analyses and reporting of financial data, including monthly power statistics related to the SMUDs energy purchases, generation and sales; investment and commercial paper transactions; and cash flow projections. To provide management and the Board of Directors with relevant financial information for management decision-making.
- Oversees the preparation of financial accounting analyses and reports for various external agencies, the Joint Power Agency boards (COTP, TANC, BANC) and other external bodies. To meet legal and regulatory requirements for financial disclosure and reporting.
- Assists in administering the department budget by participating in planning, monitoring and revising schedules, work plans, expenditures and assignments. To support the achievement of unit objectives in a fiscally responsible manner.
- Plans, coordinates, prioritizes, monitors, guides, reviews and conducts work activities associated with department internal/external projects in accordance with established task objectives and schedule as outlined in the project plan/contract. To ensure assigned work activities successfully contribute to the overall completion of department projects.
- Performs related duties as required.
- BS/BA degree from an accredited college or university majoring in Accounting, Finance or other closely related field
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Principal Financial Accountant - Sacramento, United States - Sacramento Municipal Utility District
Description
This posting has been reopened. If you have previously applied to this hiring process, you will not need to reapply. This posting will remain open until a sufficient quantity of qualified applicants are received by may close at any time without notice after 4/17/2024. Applicants are encouraged to apply early.
This posting intends to fill one (1) regular full-time vacancy AND establish an eligibility list that may be used to fill future vacancies for up to two (2) years.
This position will supervise and administer the month-end and year-end closing activities of SMUD's consolidated financial statements. This includes performing and overseeing the SAP closing process including setting up new general ledger accounts and orders and mapping to the SAP reports. Responsibilities will also include:
This position is also responsible for reviewing, monitoring, researching, and overseeing the implementation of new Governmental Accounting Standards Board (GASB) pronouncements. This includes GASB research for how to properly account for SMUD's new business activities. Additionally, this includes preparing formal comments on Exposure drafts of future GASBs, following the activities of the GASB including staying up to date on the GASB's current projects and technical plan. May also respond to GASB surveys on prior GASB pronouncement implementations. If the opportunity arises, participate on a GASB Task Force as part of the due process for a new GASB standard and attend a GASB roundtable meeting on the re-examination of a previously implemented GASB standard.
This position supervises a Senior Accountant and a shared Accountant, and reports to the Manager and Assistant Controller for Financial and External Reporting.
PurposeTo supervise and administer the day-to-day activities and operations of the SMUDs financial accounting section to ensure the timely and accurate provision of accounting records and disclosure statements in compliance with the SMUDs guidelines and applicable laws and regulations and to provide SMUD with data for making informed management decisions.
Nature and Scope
Serves as a technical or functional expert or consultant providing expertise and/or direction in one or more areas of a professional discipline and assumes responsibility for resolving complex problems and overseeing complex projects. May also serve in a Lead role and assist in planning, coordinating, prioritizing, monitoring and evaluating the work results in assigned area and in selecting, training, motivating, evaluating and developing lower-level personnel.
Duties and Responsibilities
Required Education
Required Experience Qualifications
Seven (7+) or more years of progressively responsible financial accounting experience including three (3+) or more years of lead or supervisory responsibility.
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