Pacific Gas & Electric Company Technical Accounting and Disclosure, Chi in San Francisco, California

Requisition ID # 17813

Job Category : Business Operations / Strategy

Job Level : Director/Chief

Business Unit: Finance and Risk

Job Location : San Francisco

The Company

PG&E Corporation is a Fortune 200 energy-based holding company (NYSE: PCG) whose primary operating subsidiary is Pacific Gas and Electric Company (Utility), a public utility operating in Northern and Central California.

Based in San Francisco, PG&E Corporation is the parent company of Pacific Gas and Electric Company, one of the largest combined natural gas and electric utilities in the United States with operations that span power generation and procurement; electric transmission and distribution; and natural gas transmission, distribution and storage. The company’s nearly 23,000 employees deliver safe, reliable, affordable and clean energy to nearly 16 million people throughout its Northern and Central California service area stretching from Eureka in the north to Bakersfield in the south, and from the Pacific Ocean to the Sierra Nevada in the east.

As a California utility, PG&E is at the forefront of changes in the utility industry to support the transition to a cleaner energy economy. The company is ranked among the nation’s cleanest utilities and is one of the industry’s largest investors in infrastructure modernization and technology to support the addition of more renewable resources, strengthen safety and reliability, and build a smarter, more resilient grid to meet customers’ evolving energy-related needs. Thirty percent of the energy PG&E delivered in 2015 came from state-qualified renewable resources, and approximately 60 percent comes from sources that emit no greenhouse gases. The company is also a leading voice shaping clean energy policies at the state and national levels.

PG&E is an integral contributor to California’s economy, supporting jobs, stimulating economic growth and contributing to the tax base in hundreds of communities from Bakersfield to Eureka. In total, the company’s operations support an estimated 70,000-plus jobs and generate more than $22 billion in annual economic output in California. PG&E had approximately $60 billion in assets as of December 31, 2015, and generated revenues of approximately $17 billion in 2015.

Since a highly publicized and very unfortunate explosion that occurred in San Bruno, California along one of PG&E’s natural gas pipelines in 2010, the company has taken full responsibility, making reparations, accepting penalties and fines. PG&E has redoubled its commitment to create and maintain a business culture centered on employee and public safety, integrity, ethics and compliance. Additionally, PG&E has made significant investment in its gas system and integrity management, resulting in certification and recertification by Lloyd’s Register on two of the highest internationally recognized safety certifications (ISO 55001 and PAS 55).

To affirm its commitments to ethics and compliance, the company appointed a new senior-level officer over ethics and compliance reporting directly to both the CEO and the Audit Committee of the Board.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity Employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.

Department Overview

The Technical Accounting and Reporting Chief is part of the Corporate Accounting Department. The department oversees the delivery of timely, accurate, and relevant financial data and analysis to support strategic decision making and compliance with financial reporting requirements.

Position Summary

This role serves as an advisor to senior leaders, including the Controller, Chief Financial Officer, and Treasurer, to provide decision support with respect to the financial impact of the transactions and strategies. The successful candidate will work with business partners to evaluate potential opportunities and challenges using their deep understanding of technical accounting and then synthesize research, provide perspective and develop implications for line of business and/or company. The successful candidate will lead ad hoc teams, coach junior employees and provide thought leadership to Corporate Accounting.

This position reports to the Senior Director, Corporate Accounting

The work of this high-profile role will provide the successful candidate with challenge and variety as well as exposure to key individuals throughout the company.

Job Responsibilities

Leads Technical Accounting Matters for the Company

  • Subject matter expertise in all areas of technical accounting, supporting corporate accounting groups and the business units.

  • Present impact of significant accounting issues to executives.

  • Support the Controller and External Reporting group to research SEC and FERC reporting requirements.

  • Support preparation of the annual corporate audit.

  • Work closely with accounting managers and general ledger accountants to apply technical accounting principles.

  • Develop technical accounting capabilities in the department.

  • Support preparation of written accounting policies in close coordination with corporate controller and operational accounting management.

Other Leadership Responsibilities

  • Lead process improvement and other major initiatives for the organization.

Leadership Qualities

PG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities

Strategic Mindset

  • Seeing ahead to future possibilities and translating them into breakthrough strategies.

  • Operating effectively, even when things are not certain or the way forward is not clear.

A Leader in the Community and Industry

  • Effectively building formal and informal relationship networks inside and outside the organization.

  • Anticipating and balancing the needs of multiple stakeholders.

Demonstrates Safety Leadership

  • A safety champion in words and deeds with respect to both employee and public safety.

  • Maintaining an environment of open dialog and free of retaliation.

Influences and Inspires

  • Using various- communications that convey a clear understanding of the needs of different audiences.

  • Maneuvering comfortably through complex policy, process, and people-related dynamics.

Optimizes Team Performance

  • Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.

  • Creating a climate where people are developed and motivated to do their best to help the organization.

Values Diversity and Creates Inclusion

  • Recognizing the value that different perspectives and cultures bring to an organization.

Fiscally Responsible

  • Interpreting and applying understanding of key financial indicators to make better business decisions.

  • Planning and prioritizing work to meet commitments aligned with organizational goals.

Leads Ethically and in a Compliant Manner

  • Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.

  • Building on necessary level of industry, company and subject-matter expertise, including laws and regulations.

Provides a High Level of Customer Service

  • Building strong customer relationships and delivering customer-centric solutions.

Qualifications

Minimum Qualifications

  • 10+ years of relevant accounting experience including technical accounting

  • SEC reporting experience

  • Excellent writing skills

  • Ability to manage a variety of projects and timelines

  • Excellent interpersonal and communication skills

  • BA/BS or equivalent in Accounting, Economics, or Business

Desired Qualifications

  • 5+ years of leadership

  • FERC accounting and reporting experience

  • Utility accounting (ASC 980) experience

  • Technical accounting experience working with derivatives, leases and VIEs

  • IT system implementation and maintenance experience

  • Public Accounting Experience

  • Certified Public Accountant (CPA)

Pacific Gas and Electric Company is an AA/EEO employer that actively pursues and hires a diverse workforce.