The Manager, Financial Reporting & Compliance coordinates Authority-wide compliance with external financial and statutory reporting requirements. Responsible for managing the completion of external financial reports, analyzing the impact of new requirements and transactions, coordinating the development of policies and procedures to meet compliance objectives, and maintaining accounting policies and procedures and internal control documentation.
Coordinate preparation of financial statements included in Annual Report Financial Section (including interim preparation and semi- annual work). Coordinate comments and inputs from other departments including Law, Energy Marketing & Corporate Affairs, Corporate Finance (including Treasury) , Human Resources and Real Estate. Meet with independent accountants to discuss their comments. Complete draft of Management’s Discussion and Analysis.
Complete filing of annual Statutory Reports. Manage 2800 Report, which is filed with the Governor, Comptroller, Authority Budget Office, and Legislative Leaders. Ensure completion is in accordance with Section 2800 of the Public Authorities Law (PAL) along with additional data required by Sections 2802, 2896 and 1002(2) of the PAL. Oversee completion of statutory public authority filing with NY State (“PARIS filing”). Oversee reports filed for Federal grants and coordinate single audit if necessary.
Monitor internal and external environment for emerging accounting and financial control issues and formulate NYPA’s position with respect to emerging issues in accounting for and reporting its utility transactions.
Responsible for determination of impact, technical analysis, interpretation and implementation of :
Pronouncements and rules issued by accounting standards-setting bodies and tax authorities that affect NYPA’s accounting and financial reporting. Also responsible for formulating NYPA’s internal and external response to pronouncements, rules, exposure drafts, etc.
Proposed legislation including authority reform legislation such as the Public Authorities Accountability Act of 2005 which, among other things, increased requirements applicable to public authorities’ annual reports. Extensive reviews, analyses, and compliance planning have been done relating to Authority Reform legislation.
Formulate, establish and maintain accounting and financial reporting standards and practices to ensure compliance with Generally Accepted Accounting Principles and principles of accounting and reporting unique to NYPA, public power and the electric utility industry.
Provide centralized guidance and direction to Headquarters and Field Facilities relating to the application of accounting and internal control policies, procedures and practices.
Maintain Accounting policies and procedures and internal control documentation: Review and/or request review of internal control documentation by appropriate parties to ensure documentation is updated as applicable.
Act as immediate point of contact to outside auditors on mandated Management Audits and other specialized audits or reviews as necessary. Provide assistance and support as needed during financial statement audits and internal audit activities.
Coordinate activities with general accounting to ensure consistency between internal and external reporting.
Supervise staff, assign responsibilities and review performance of subordinates; establish work performance goals and review their individual goals each appraisal period. Recommends staff additions, promotions, salary increases and other personnel actions.
Knowledge of FASB and GASB pronouncements and ability to apply to real world situations.
Knowledge of derivative instruments and hedge accounting.
Knowledge of internal controls - operational and financial - with in the COSO framework.
Ability to analyze complex transactions to determine impact on financial statements and forecasts
Effective communication skills to maintain financial and industry relations – interacting with American Public Power Association (APPA) members, Government Accounting Standards Board (GASB), etc.
Proficient in Microsoft Office Suite (Word, Excel, Access, etc.).
Proficient in the use of the Internet and other resource tools in performing research.
Ability to provide guidance, ensure quality and coordinate and manage the work performed by others.
Knowledge of finance, investments, taxation, business law, etc.; ability to research tax issues.
Bachelor's Degree in Accounting, advanced degree preferred.
Certified Public Accountant required.
Minimum of five (5) years quality experience in a public accounting and /or large corporate/ government environment with a minimum of two (2) years of supervisory experience.
The New York Power Authority (NYPA) is the nation’s largest state power organization, operating 17 generating facilities and more than 1,400 circuit-miles of transmission lines across New York. NYPA is also a national leader in energy efficiency, renewables and clean transportation. Learn more about NYPA, including career opportunities, at www.nypa.jobs