Acctg Analyt Spclt Benft Plans

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Basic Purpose

Provides technical knowledge of benefit plan accounting guidance and documents and monitors financial controls related to Benefit Plans. Prepares financial information for Benefit Plans in the form of financial statements and other reporting to support management decision making, including preparation of yearend trial balances, monthly journal entries to record ongoing benefit and investment transactions and prepares monthly funding packets. Responsible for Benefit Plan disclosure in all required filings with the United States Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the Company bondholder reports. Performs analysis of Benefit Plans for actuals and budget. Coordinates annual audit of Benefit Plans. Supports the regulatory team in analyzing Benefit Plan data to prepare testimony, regulatory responses to data requests and other similar work, as needed.

Essential Duties and Responsibilities

Prepares year-end financial statements and reports for Retirement Plans, Comprehensive Welfare Plans and 401(k) Plan (collectively, “Benefit Plans”). Prepares year-end trial balances for Benefit Plans, including reconciling transaction activity to funding and third-party vendor statements, recording receivables and payables to the Benefit Plans and financial statement presentation entries.

Prepares benefit plan footnote disclosure and support for SEC reporting and for reporting to Corporate Headquarters.

Coordinates annual audit of all three benefit plans, requiring significant communication and organization between third party auditors and vendors and internal business partners associated with the audit of all three Benefit Plans.

Works with outside actuaries and gathers and summarizes Benefit Plan assumptions and prepares financial analysis to support management decision making for actuals and budget. Utilizes software provided by the actuaries for financial analysis. Investigates complicated and unusual fluctuations in financial results, monitoring variances, identifying key drivers and recommending actions to management.

Ensures compliance with internal controls, identifies internal control deficiencies and proposes internal control improvements. Supports activities relating to internal and external audits. Ensures all compliance aspects of position are known and followed; understands and complies with all policies, codes and regulations applicable to position and company.

Supports internal business partners throughout the organization with benefit plan financial knowledge and research documents and resolves assigned accounting and reporting issues related to benefit plans in a manner consistent with Company policy.

Prepares monthly journal entries and prepares funding packets for Benefit Plans.

Prepares journal entries for long-term incentive liabilities and related investments, including reconciliations and understanding the investment accounts.

Prepares schedules and data request responses for general and deferred rate reviews and contributes to the preparation of witness testimony.

Ensures accounting process is automated and coordinates information requirements.

Prepares and records prepaid journal entries and completes account reconciliations for assigned general ledger accounts.

Ensures all compliance aspects of position are known and followed; understands and complies with all policies, codes and regulations applicable to position and company.

Performs related duties as assigned.

Essential Education, Skills, and Environment

Education and Work Experience

Bachelor's degree from an accredited school in accounting and 6 years of progressive experience related to accounting.

Specialized Knowledge and Skills

Demonstrated knowledge of:

Demonstrated skills such as:

Equipment and Applications

PCs, word processing, spreadsheet and database software.

Work Environment and Physical Demands

General office environment. No special physical demands required