Regulatory Accountant

Versant Power is building on our 100-year history of delivering efficient, safe, and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity, and innovation. We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone.

The Regulatory Accountant plays a key role in supporting the company’s month‑end close process, monthly financial reporting, and regulatory compliance. This position is responsible for preparing accurate and timely financial statements, conducting financial analysis, and ensuring the integrity of all regulatory filings. The ideal candidate will have a solid understanding of Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) accounting standards.

• Applies GAAP and FERC accounting principles to ensure accurate recording of transactions and proper financial statement presentation.
• Participates in the month‑end close process, including preparation of journal entries and supporting schedules.
• Conducts monthly variance analysis, comparing financial results to prior periods and identifying key drivers of change in balance sheet and cash flow accounts.
• Reconciles various General Ledger accounts on a monthly, quarterly, or annual basis, and implements corrective actions as needed.
• Prepares quarterly and annual regulatory financial reporting filings to the FERC and the Maine Public Utilities Commission.
• Maintains strong internal controls by adhering to established accounting policies and procedures.
• Assists with internal and external audits by preparing work papers, explaining processes and controls, and responding to audit inquiries.
• Develops a deep understanding of accounting systems and software, generates and designs reports to support reconciliations, variance analysis, and other departmental needs.
• Evaluates and improves accounting processes for efficiency and effectiveness.
• Performs other ad‑hoc accounting, financial, or administrative tasks as may be required from time to time.