Manager, Pension Accounting - Military veterans preferred

2019-01-08
National Grid (https:\\careers.nationalgridus.com)
Defense Contracting

/yr

  full-time   employee


Waltham
Massachusetts
02451-1120
United States

About us

Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.

To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.

Job Purpose

Finance Operations, Manager, Pension Accounting, leads the team responsible for US pension accounting and budgeting including all accounting, reporting and forecasting activities.  This includes management of interactions with Investment Management, HR, Rates & Pricing, Decision Support and Tax.  This role will focus on the development of processes to align forecasting and accounting models, approach and process across legacy Companies and maintain a comprehensive reconciliation process between the budgeted post retirement expenses and the actual post retirement expenses and  improve the transparency and management information available to the business on pension/opeb expense, asset/liability positions (both USGAAP & IFRS) and the rate recovery status within each plan. This role is responsible for interactions with the actuary and the assumption setting purposes for US GAAP and IFRS. This role has responsibility for maintaining SOX compliance and DT PBC requests.

Key Accountabilities

  • Leads accounting activities that support pension accounting.
  • Assures accurate and timely recording, processing of transactions to support budgeting and forecasting activities to drive performance.
  • Evaluates, analyses and reviews ledger accounts ensuring accuracy and validity for close processes.
  • Evaluates actuarial documentation according to policies and processes.
  • Assists in the reviewing of net income, balance sheet and pension variances against current, budget and historical data. 
  • Supports reporting with the submission of mandatory filings and ensuring compliance with internal controls.
  • Evaluates transactions for pensions/opebs.
  • Applies knowledge of U.S. GAAP, SOX and SEC requirements. 
  • Provides counsel to employees, manages third party consultants and contractors, and advises senior leaders as necessary.

Qualifications

  • Pension and OPEBs ASC 715, IAS19R, IFRIC 14
  • Pension and OPEB process
  • General accounting and regulatory accounting
  • Identify patterns and trends
  • Utility industry accounting
  • Process centric operations
  • US GAAP, Sarbanes-Oxley and SEC regulations
  • Process Management
  • Month-end close processes
  • Risk mitigation

Qualifications Required:

  • Bachelor’s Degree, Master’s Degree preferred 5 years in accounting and with increasing responsibility
  • Demonstrated ability to drive month-end and filing close timelines
  • Background in utility service or similar industry accounting
  • Proven experience to assess financial risk
  • Effective collaboration and partnership capabilities
  • Excellent written / oral communication skills and follow-up
  • Ability to lead teams of Finance professionals

More Information

National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.

ENVIRONMENTAL