Principal Financial Accountant - Sacramento, United States - Sacramento Municipal Utility District

Sacramento Municipal Utility District Sacramento, United States

3 weeks ago

Full time

Description

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:

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

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.

Purpose

To 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.

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