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Sr Staff Accountant

Date: Nov 23, 2021

Location: Newark, NJ, US

Company: PSEG

Requisition ID:  67386 

Job Function/Category:  Finance / Accounting 

Employment Type:  Exempt Full Time 

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey.  PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

 

Job Summary

Performs complex accounting activities for electric & gas utility revenue and energy costs in accordance with Generally Accepted Accounting Principles, Regulatory requirements,  and Company policies and standards in order to properly account for the regulated utility’s financial position and ensure that it complies with all relevant regulations, laws, and reporting requirements. This includes performing and preparing complex calculations and schedules and resulting journal entries in areas such as:

  • Revenue cycle transactions including unbilled accruals and bad debt expense computations and providing support for electric and gas customer transactions;
  • Accounting for electric & gas energy costs. Complete calculations, journal entries and schedules for PSE&G’s BGS and BGSS purchases transactions. Perform PJM bill accounting. Partner with various PSE&G departments to work on emerging items in these areas.
  • Accounting for Regulated Renewable Programs. Calculate amortization, deferral and interest on these programs. Provide accounting guidance for emerging issues in these programs. May also include new/emerging regulatory programs within the regulated utility.
  • Various Regulatory assets and liabilities accounting. Complete calculations of deferral, interest, roll forward schedules for various regulatory assets and liabilities. Ensure proper accounting and reporting presentation including balance sheet and cash flows.

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 Skills, Competencies, Education and Experience:

  • 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 Skills, Competencies, Education and Experience:

  • Utility accounting knowledge.
  • CPA and/or advanced degree.
  • SAP experience in financial statements preparation and analysis

Minimum Years of Experience

5 years of experience

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.

 

As an employee of PSE&G or PSEG Long Island, 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.

This site (http://www.pseg.com) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

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.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, 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.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.


Nearest Major Market: Newark
Nearest Secondary Market: New York City

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