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National Grid Analyst, Service Company Accounting and Finance in Brooklyn, New York

About us

National Grid is hiring an Analyst, Service Company for the 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

Service Company Accounting and Finance Analyst, provides financial performance and reporting support to the all areas of the business. Responsibilities include performing accounting functions by reviewing, verifying and reconciling accounts. Captures accounting transactions using systems such as SAP. Responsible for remediating accounting discrepancies to produce accurate and credible financial information. Develops and reports on financial performance to the jurisdiction to provide accurate information on Service Company charges. Utilizes systems such as SAP and BI Reporting to develop reports, prepare analytics, and perform other monthly, quarterly and annual processes. Responsible for supporting the compliance and reporting processes.

Reports to the Service Company Manager and provides support by providing documentation to jurisdictions and other stakeholders.

Key Accountabilities

• Verifies, reconciles and updates accounts by reviewing discrepancies to produce accurate and credible data.

• Supports month-end accounting close process to ensure timely, accurate and complete accrual of financial transactions.

• Monitors and reports net income, balance sheet and variances against budget and historical data to identify anomalies and discrepancies and to ensure information is accurate.

• Responsible for following US GAAP, SOX and FERC accounting standards.

• Responsible for reporting to jurisdictions monthly billings and analytics.

• Responsible for the compilation, review of financial information to prepare financial statements for the preparation of the annual regulatory filings and analytics.

• Ensure maintenance of financial records for compliance with accepted policies and procedures. This includes the preparation of the Service Company allocation rates.

• Conduct quarterly testing as part of the Cost Allocation Compliance Program.

• Provides ad-hoc reporting including the assembly and review of supporting schedules and requests from multiple stakeholders including regulators and auditors.

• Responsible for maintaining reports and performance documentation.

• Responsible for meeting financial filings and reporting deadlines.

• Responsible for supporting financial and non-financial controls to meet business requirements.


Knowledge and Experience:

• General Accounting

• Regulatory

• Month-end close process

• Financial and management reporting

• Analysing large data

• US GAAP, SOX, SEC requirements, FERC and IFRS

• Process management

• Cross-functional business partnerships

Qualifications Required:

• Bachelor’s degree with a minimum of 2 years in accounting roles with increasing responsibility

• Knowledge of general ledger platforms and accounting systems experience

• Experience in financial reporting, regulatory reporting preferred and/or compliance

• Experience reviewing and resolving data discrepancies

• Experience researching and collecting financial data for accurate reporting

• Knowledge of MS Excel, MS Word, MS PowerPoint and MS Access; SAP preferred

• Written / oral communication skills

More Information

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. Internal 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.