FERC Financial Research and Reporting Specialist

Job Description

Primarily responsible for supporting and overseeing the preparation of Federal Electric Regulatory Commission (FERC) financial statements in conformance with FERC guidelines, converting Generally Accepted Accounting Principles (GAAP) financial statements to FERC financial statements. Works closely with the Financial Research and Reporting Group responsible for reporting financial information in conformity with Generally Accepted Accounting Principles (GAAP), the Securities and Exchange Commission (SEC), and the Federal Electric Regulatory Commission (FERC).

Other responsibilities include assisting in preparing and filing reports in accordance with the SEC, researching and tracking GAAP to FERC differences for reporting purposes, researching the potential impact on financial statements and disclosures of new GAAP accounting, SEC, and FERC standards/regulations, ensuring FERC financial statements are properly produced and filed. Provides technical and oversight directions to the corporate accounting team with various processes as needed.

Prepare written analyses and conclusions of monthly, quarterly, and annual financial reports for audit purposes. Prepare monthly, quarterly, and annual reconciliations and journal entries. The FERC Financial Research and Reporting Specialist exhibits a collaborative disposition and effectively communicates both within the accounting department and across the organization.

Tri-State recognizes the value of a highly‑engaged and committed workforce and provides an excellent benefits program that includes:

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Health Savings Account (HSA)
• Flexible Spending Accounts (FSA)
• Tuition Reimbursement
• Flexible Work Schedules including compressed work week and telecommuting opportunities to work remotely up to 40%
• Life Insurance
• 401K
• Long Term Disability (LTD)
• Short Term Disability (STD)
• Employee Assistant Program (EAP)
• Paid Leave Benefits

Hiring Salary Range: $,000

Actual compensation offer to candidate may vary outside of the posted hiring salary range based upon work experience, education, and/or skill level.

• Research, prepare, and perform multi-level consolidating financial statements (FERC Form 1 and FERC 3Q) in accordance with Federal Energy Regulatory Commission (FERC) guidelines from Generally Accepted Accounting Principles (GAAP) financial statements.
• Research FERC governance for possible financial statement/reporting impacts; determines how to implement and tracks adjustments, if needed.
• Oversee the FERC Form 1 and FERC 3Q filings, coordinating collection of information and ensuring timely filing under FERC deadlines.
• Understand FERC to GAAP differences and research, analyze, and implement adjustments for potential differences as GAAP and regulatory order requirements evolve.
• Responsible for tracking, maintaining documentation, and providing explanations on FERC to GAAP differences.
• Ensure compliance with Sarbanes‑Oxley requirements and any remedial actions deemed necessary.
• Work with the external and internal auditors during quarterly, annual or ad‑hoc reviews/audits.
• Support information needs for the filing of rate case data requests and evaluates/responds to data requests from FERC and internal departments, as needed.
• Recommend, establish, and document policies and procedures; recommend and implement changes to improve work guidelines, systems and processes.
• Lead in preparing complex journal entries including elimination, consolidation, and adjusting/reclassification entries for FERC to GAAP convergence, where necessary.
• Communicate and collaborate with various internal customers and external entities on FERC accounting related matters.
• Perform other special projects as directed by the Assistant Controller and/or the Controller.
• Collaborate with other functional groups and key contributors to the FERC reports to obtain the necessary information to draft the appropriate descriptions and wording for footnotes and other disclosures.
• Collaborate with OATT Transmission, FERC Rates & Policy group, to provide appropriate information for FERC‑filed rates.
• Work…