Accounting Lead

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.

Overview

- Note: This is a hybrid position requiring on-site presence three days per week at one of our local offices, located in Allentown, PA (Lehigh Valley), Louisville, KY, or Providence, RI. #INDPPL

The position provides overall direction to an accounting team with a customer-service focus, while ensuring the team's work product is in compliance with applicable public utility accounting regulations (Federal Energy Regulatory Commission (FERC) and appropriate state regulatory commissions), Securities and Exchange Commission (SEC) regulations, Generally Accepted Accounting Principles (GAAP). Sarbanes-Oxley (SOX) controls, and company policy and procedures. This role is a working supervisor. Responsibilities of the role include, but are not limited to, corporate accounting, treasury accounting, system administration for Delegation of Authority system (“DOA”), general ledger, and reporting systems; and closing cycle/controls. The position provides formal supervision to the team members including coaching, counseling, personal development, and technical accounting support. In addition to the administrative duties of supervising a work group, the Lead also completes individual technical and business-related accounting tasks.

Responsibilities Essential Functions

:

- Assists with the monthly close process by reviewing journal entries and account analyses for accuracy and ensures compliance with applicable generally accepted accounting principles (GAAP), public utility regulatory requirements (FERC and state regulatory commissions), applicable SOX controls and company policy and procedures.

- Oversees the monthly closing cycle, maintains the closing schedule, organizes and runs the closing meetings.

- Supports the preparation and review of the Company's financial statements for the Company Foundations.

- Responsible for participating in general ledger maintenance process which includes new account set-ups and mapping for internal and external reporting purposes, reconciliation between accounting and reporting systems, system closing controls, and administration of account analysis tool.

- Responsible for reviewing the preparation of indirect intercompany allocations.

- Prioritizes and directs team activities related to treasury accounting, corporate accounting, system administration of general ledger and reporting systems, and closing cycle/controls. This includes assigning and scheduling work duties to meet completion dates. The incumbent also completes direct technical and business-related accounting tasks.

- Administer and monitor Corporate DOA Policy and system.

- Responsible to review, update, and maintain multiple key Accounting policies.

- Support the Financial Reporting team by providing fluctuation analysis and preparing disclosures on a quarterly basis.

- Responsible to provide supporting documentation to comply with audit requests.

- Continually looks for (and encourages team members to look for) ways to improve processes for greater effectiveness and efficiency.

- Ensures team actively promotes company initiatives for safety and wellness, customer experience, inclusion, and employee engagement, while modeling leadership commitments, values and behaviors.

- Develops proficiency in leadership skills by mentoring, coaching and formal training in supervision and leadership, as well as other tasks or team roles as assigned by the Manager and/or Director.

- Provides formal supervision to the team members including, but not limited to the following activities: assists in the development and achievement of goals for all team members that align and support company and department goals; provides ongoing feedback to team members; provides coaching and guidance towards team members development; when necessary creates a performance plan for team members not meeting expectations; takes disciplinary/corrective action when necessary involving Human Resources and/or supervisor.

- Completes individual technical accounting and business-related tasks as assigned in a timely manner, in accordance with applicable GAAP, regulatory requirements (FERC and state regulatory commissions), applicable SOX controls and with a high degree of accuracy.

- Acts as liaison with other departments within PPL and other constituencies outside of PPL as necessary.

- Researches and documents accounting issues in technical memos and presents conclusions to more senior levels of management and external auditors. Experienced members would be expected to research highly complex issues or guide team members in performing and documenting accounting research.

- Develop a thorough understanding of applicable financial and reporting systems, controls and interfaces, as well as understand how to efficiently query needed financial data from systems.

- Support ad hoc projects and requests.

- Physical presence in the office/on-site, when needed or requested, to engage in face-to-face interaction and coordination of work among direct reports and co-workers.

- Performs other duties as assigned.

- Complies with all policies and standards.

Qualifications

Required Education:

- Bachelor's degree in Accounting or a master’s degree in Accounting, Master of Business Administration (MBA), or other advanced degree in a business discipline.

Required Experience:

- 5+ years Work requires a high level of analytical ability to identify and resolve problems acquired through a minimum of 5-7 years of work experience with progression to more responsibility and positions that required increasing technical skills.

- High aptitude for learning and using accounting and reporting systems and tools.

- Requires proficiency in written and oral communication skills, as demonstrated by the communication of complex technical issues verbally and in writing.

- Working knowledge of Microsoft Office applications; use of excel/word must be excellent.

- Must function cooperatively as part of a team and exhibit flexibility in response to changing demands and priorities.

- Candidates must be eligible to work in the United States without sponsorship.

Preferred Qualifications

:

- 3 years of experience in utility accounting, public accounting and SEC reporting, and a working knowledge of Sarbanes-Oxley requirements.

- Demonstrated ability to research technical accounting guidance as evidenced by preparation of technical whitepapers.

- Working knowledge of enterprise level accounting systems.

- CPA or CMA certification.