Sr Staff Accountant
Date: Nov 13, 2024
Location: Newark, NJ, US
Company: PSEG
Requisition: 80297
PSEG Company: PSEG Services Corp.
Salary Range: $ 88,400 - $ 140,000
Incentive: PIP 10%
Work Location Category: Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
We want you to be healthy, balanced, and feel secure. That’s why you’ll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer a retirement program, 401(k) with company match, company paid life insurance, tuition reimbursement and a minimum of 18 days of paid time off per year.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
This position will:
• Record, review and analyze utility construction and fixed asset transactions for the proper GAAP and FERC financial statement recording, reporting and rate recovery of Property, Plant & Equipment Investments and related accounts.
• Develop fixed asset analyses, special reports and perform General Ledger reconciliation and analysis utilizing the Power Plant Fixed Asset System.
• Support Utility Finance in developing 5 year plans, annual budgets including annual depreciation and amortization models.
• Provide support for regulatory Base Rate Cases, Special Infrastructure and other regulatory filings as well as other ad hoc reports and analyses for internal and external clients, including BPU independent monitors.
• Support all internal and external audit requests and reviews. Develop Power Plant reports and queries. Collaborate with Power Plant Support, IT and Financial Systems Support to optimize the system and implement system and process improvements. Perform ad hoc projects as necessary.
Job Responsibilities
Other responsibilities include providing support for:
• Schedules and disclosures required for inclusion in PSEG’s annual Form 10K and quarterly 10Q’s as filed with the Securities & Exchange Commission
• Schedules and disclosures required for inclusion in PSE&G’s annual FERC Form 1 as filed with the Federal Energy Regulatory Commission and other filings with government oversight agencies.
• The Company’s Sarbanes-Oxley internal control environment by ensuring proper controls environment and compliance.
• Actual vs prior year analytics on various Income Statement and Balance Sheet accounts. Provide support to the External Reporting Department to complete 10Q/K Notes, MD&A and Press Release Attachments.
• Support Actual vs. Plan variance process by preparing monthly financial report and analysis and supporting schedules provided monthly to senior management.
• Coordinate internal and external audit requests. Support the Sarbanes Oxley control environment by ensuring proper controls compliance.
• All necessary account analyses and reconciliations.
• Ad Hoc special projects
• Interacting with business leaders and associates and work collaboratively in a team environment.
Job Specific Qualifications
Required:
• Bachelor’s degree in Accounting, or CPA designation with a degree in related field.
• Minimum 5 years of relevant accounting experience.
• Knowledge of SAP.
• Demonstrated accounting skills, PC skills, written and verbal communication skills and analytical abilities.
• Advanced Excel skills utilizing V-lookup and pivot tables and advanced formulas.
• Demonstrated ability to work independently, accomplish tasks and resolve issues with a sense of urgency under tight timelines.
Desired:
• Utility property accounting knowledge.
• Knowledge with the Power Plant fixed asset system
• CPA and/or advanced degree.
• SAP experience in financial statements preparation and analysis.
• Process automation experience
Minimum Years of Experience
Education
Certifications
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers. This site is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION (Click link below)
Nearest Major Market: Newark
Nearest Secondary Market: New York City
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