Controller and Director of Accounting

ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England’s ongoing transition to clean energy.

Controller reports to the CFO and is responsible for the oversight of the accounting, treasury management, and Payroll of the Company. This position is also responsible for the administration of the ISO Billing Policy.

Controllership – Develops short to mid-term (1-3 years) plans for optimizing the organization, function, or sub-function and the talent required to execute strategies in finance area. Responsible for accounting operations, systems, analysis and report preparation thru the day–to–day Operations of Accounting Department and Payroll. This position will require in-depth accounting expertise to ensure all systems are functioning properly and in accordance with GAAP (Generally Accepted Accounting Principles) as well as strong technological, organizational and problem-solving skills.

What We Offer You

- Hybrid work environment (2-3 days/week onsite)

- Distance-based relocation assistance available

- Competitive compensation with a base salary + performance bonus

- Robust benefits package, including:

- Enhanced 401(k) and financial planning support

- Tuition reimbursement and professional development

- Wellness programs, including an onsite gym

- Free coffee at our onsite café

- Flexible work hours

- Employee Business Networks

- A stable, mission-driven workplace where your impact truly matters

How you will make an Impact

Financial Management

Responsible for the day – to – day Operations of Accounting and Payroll Department

- Overseeing accounting supervisor on accounts payable processing; Cash Management; Accounts Receivable; Asset Management; compliance; settlement billing; general ledger, Sarbanes Oxley 302 and 404 reporting

- Monthly, quarterly and yearly financial reporting, including preparing and or reviewing financial statements, Board & Nepool Budget and Finance Reports

- Prepare Board/Audit and Finance Committee presentations

- Ensure accurate and timely payroll processing, payroll tax filings, and compliance with federal, state and local regulations

- Review payroll reports for accuracy and reconcile payroll-related accounts

- Ensure and review all other FERC required filings related to Finance are completed accurately and timely, including Quarterly Capital Funding Tariff Filing, FERC Forms 3Q and Form 1, FERC 582

Treasury Management/Financing

Develop and maintain banking relationship, participates in investing funds of the company, supports key banking and cash management activities with a focus on cash flow

- Responsible for the Company’s debt structure and treasury function for existing and to secure new financing as needed for the Company – includes preparing RFP; working directly with banks and other lending institutions including outside agencies (e.g. Mass Development Financing Agency); creating timelines and plans commensurate with FERC deadlines and capital needs; reviewing all loan documents; coordinating with outside legal counsel; preparing materials to update to Audit & Finance Committee as required

Compliance

Directs the Company’s establishment and implementation of accounting policies and procedures. Overseeing the financial aspect of the business and offering insight to guide important high-level decisions.

- Formulates, recommends and implements changes to accounting and billing policy and update policy/procedure documentation.

- Ensures compliance to ISO-NE’s Purchasing Policies as it relates to accounts payable, to ISO-NE’s Billing Policy, NEPOOL Agreement, ISO-NE tariffs.

People/Knowledge Management

- Ensure conformity with and understanding of Accounting Policy and Procedures, compliance requirements, and Company Policies and Procedures

- Responsible for the ISO-NE Business Procedures function for accounts payable, cash, settlement billing, and various accounting functions. Develop and implement best practices, procedures, and policies for procurement and review procedures quarterly

- Manage all accounting and payroll staff, including consultants, temporary administrative services, and interns, determine and review functional requirements and training needs

What we are looking for

- Bachelor’s degree in accounting. MBA is desirable

- 15+ years of experience in general ledger analysis, performing general ledger close, complete financial statement preparation from general ledger to completed statements and footnotes, working with an automated general ledger system, account reconciliation, full understanding of responsibilities under the finance department purview and overseeing payroll - 10+ years in a supervisory role.

- CPA

- Comprehensive knowledge of accounting principles and practices

- Knowledge of accounting in accordance to Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB)

- Strong technological, organizational and problem-solving skills

- Strong writing and verbal skills are preferred, as the role includes communicating with colleagues and clients from a wide range of backgrounds

- Highly professional demeanor and adherence to established policies

- Attention to detail is critical, ability to maintain confidentiality, and meet deadlines

This employer will not sponsor applicants for work visas for this position (ex: H-1B, F-1/CPT/OPT, O-1, E-3, TN, J, etc.).

The expected salary range for this position is $230,000 – $280,000 per year. This role is also eligible for an annual performance bonus, comprehensive health insurance (medical, dental and vision), flexible spending and health savings accounts, a 401(k) plan with generous employer contributions and a student debt benefit, life and AD&D insurance, disability insurance, critical illness and hospital indemnity benefits, paid time off, paid leave, a wellness program, an employee assistance program and other great company perks.

This is a U.S. based role. If the successful candidate resides outside of the U.S., relocation will be required.

Equal Opportunity: We are proud to be an EEO employer. Applicants for employment are considered without regard to race, color, religion, creed, sex (including pregnancy, childbirth, and related medical conditions), gender identity or expression, sexual orientation, citizenship, national origin, age, ancestry, marital status, disability (including learning, mental, intellectual, and physical), service in the uniformed services, genetic information, or any other status protected by applicable law.

Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.