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US Assistant Controller

Job ID 38881 Location Brooklyn, New York Organization Finance and Risk Department Parent and Energy Acct

About us

National Grid is hiring an Assistant Controller for our US Controllership in Brooklyn, NY.

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

Director, US Assistant Controller:

  • Owns the accounting, processes and governance associated with National Grid North America and National Grid USA’s group-wide accounting activities, inclusive of consolidated IFRS and US GAAP reporting, Technical accounting, Parent Company accounting, Plant reporting & analysis and National Grid USA Service Company.

  • Represents the US Controllership on strategic, cross-functional projects requiring accounting input and support.

Key Accountabilities

National Grid North America and National Grid USA Financial Reporting
•    Delivery of semi-annual and annual IFRS reporting packs to National Grid Plc’s Group Financial Control team
•    Delivery of interim and annual US GAAP financial statements to meet lender requirements, inclusive of managing associated audits and shelf registration requirements
•    Oversight of Parent Company accounting activities, inclusive of monthly, quarterly, half-year and annual closing processes

•    Support the Vice President, US Controller in management of annual audits and interim reviews


Technical and Complex Accounting 
•    Ownership of Technical Accounting for National Grid’s US businesses, including US GAAP accounting policies and procedures

•    Provide regular accounting updates and training to the US Controllership and broader US Finance teams

•    Partner with Group Financial Control in the UK on IFRS technical-related matters, including pending IFRS Standard on Regulatory Assets and Regulatory Liabilities

•    Ownership of accounting and reporting for complex areas across National Grid’s U.S. businesses, including environmental remediation, pension and other postretirement benefit plans, and construction projects   


Plant Reporting and Analysis
•    Oversight of monthly, quarterly, half-year and annual IFRS and US GAAP reporting requirements in the area of Property, plant and equipment and Intangible assets
•    Stakeholder management with Finance Business Partners, FP&A and Regulatory on plant matters


National Grid Service Company
•    Ownership of cost allocation rates and the associated annual update process
•    Ownership of annual Administrative & General Study and capitalization rate
•    Stakeholder management with Finance Business Partners, FP&A and Regulatory on Service Company accounting matters
•    Delivery of Annual FERC Form 60 


Transformation and Delivery
•    Partners with and supports the US Transformation team on record-to-report related activities within the US Controllership

Qualifications

Knowledge and Experience
•    Accounting and financial close process
•    Reconciliation and governance
•    Financial systems
•    Risk mitigation
•    Accuracy and accessibility of financial records
•    Translating accounting conclusions to business outcomes
•    Utility accounting and finance experience
•    Process and financial control implementation and monitoring
•    US GAAP accounting and reporting and SOX
•    FERC accounting and reporting
•    IFRS accounting and reporting
•    Effective business partnerships

Qualifications
•    Bachelor’s degree required and MBA preferred in Accounting, Finance or Business
•    CPA or equivalent international accounting license required
•    10+ years of progressive accounting and leadership experience

More Information

#LI-MR  #LI-HYBRID

Salary

$200k - $230k a year

This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.

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.  

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