Job Description

Requisition ID: 108446 

 

Share Our Purpose. Be Yourself. Feel Valued.  

 

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

 

We are Beautifully Different . We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

 

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people across 14 regulated jurisdictions and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

As one of the fastest growing utilities in the U.S., American Water expects to invest $40 to $42 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.

American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.

For more information, visit  amwater.com and join American Water on  LinkedIn ,  Facebook ,  Twitter and  Instagram .

 

 

 

Important Information

This position may be eligible for annual incentive pay and you will have the opportunity for continued salary growth. In addition to compensation, you will be offered a comprehensive benefits package including 401(k), Defined Contribution Plan,
• Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more! American Water is also proud to offer employees learning opportunities and work experiences to grow professionally! 
• Posted range is $59,280-99,060
• The base salary range represents a good faith salary range for this position. This position is eligible for annual incentive pay and has the opportunity for continued salary growth. If you are hired at American Water your base salary compensation will be determined based on factors such as market, geography, skills, education and/or experience. At American Water, we are committed to pay equity. 
• In addition to compensation, you will be offered a comprehensive benefits package including 401(k),Defined Contribution Plan, Employee Stock Purchase Plan, medical, prescription, dental and vision coverage, plus disability, paid time off, life insurance, voluntary benefits, health and wellness programs and much more! 
• American Water is also proud to offer employees learning opportunities and work experiences to grow professionally! 

Primary Role

Responsible for the compilation and analysis of accounting/financial information for the American Water subsidiaries as assigned, and the maintenance of complete and accurate subsidiary general ledgers. Assists in the consolidation process and provides reporting support and other services to the External Reporting, Financial Analysis and Decision Support, Budgeting and Internal Reporting, Tax and Rates Support/Regulatory Operations teams .

Key Accountabilities

• Prepares journal entries and assists in the facilitation of the monthly close process.
• Analyzes financial results and variances, ensuring completeness and accuracy of the subsidiary general ledgers.
• Performs key account analyses and reconciliations, including the timely investigation and resolution of discrepancies and reconciling items.
• Provides reporting support, information and analysis to assist in consolidation and the External Reporting team’s fulfillment of the Company’s quarterly and annual SEC reporting requirements.
• Prepares quarterly and annual subsidiary financial statements and state commission reporting requirements, ensuring compliance with US GAAP, state-specific utility regulation, internal controls and Company policies and practices.
• Participates in the annual audits (both the consolidated audit and subsidiary audits) and coordination with the external auditors.
• Assists in the interpretation of rate case orders/memorandums and other regulatory decisions and implements the appropriate accounting for such.
• Interfaces/liaises with the Financial Analysis and Decision Support, Budgeting and Internal Reporting, Cash/Treasury, Accounts Payable, Call Center Operations and Tax teams, providing information for accounting and reporting matters and assistance in interpreting and analyzing financial results.
• Assists the Rates Support/Regulatory Operations teams in fulfilling rate case requests and analyses for filings and/or other reporting requirement reports.
• Assists with special projects and initiatives to optimize the effectiveness of existing business applications, technologies and systems and to build efficiencies/improvements into current business processes.
• Assists in the refinement and maintenance of the accounting/financial policies, practices, internal controls and operating procedures to ensure the integrity of the Company’s internal control structure.

Knowledge/Skills

• Three to six years of relevant experience required.
• Prior public accounting, corporate and/or multi-subsidiary company experience a strong preference.
• Prior experience working in the utility industry and knowledge of regulatory accounting a plus.
• Knowledge and prior experience working with SAP, PowerPlant, Hyperion, Trintech/Assurenet, Blackline, SharePoint a plus.
• Knowledge of U.S. GAAP and the ability to apply principles and practices to accounting matters.
• Knowledge of Microsoft Office products (Excel, Word, PowerPoint), with a particular expertise in advanced Microsoft Excel functionalities (i.e. pivot and look-up tables, etc.) a plus.
• Strong written and oral communication skills with proven ability to interact effectively with internal customers, management and external professionals (i.e. auditors).
• Excellent analytical, systemic and problem solving skills, including the ability to work in teams or effectively work independently.
• Strong interpersonal skills, with an emphasis on initiative, knowledge sharing, team building and decision making.

Experience/Education

• Bachelor's Degree in Accounting or Finance required. CPA or advanced degree preferred.
• Prior corporate amd/or multi-subsidiary experience desired. 
• Three to six four to seven years experienced desired.
• Two to five years prior experience in the utility, or milti-company corporation industry desired.

 

Work Environment

• Standard office environment.
• Hybrid work schedule 3 days in the office 2 days offsite

Competencies

Champions safety

Customer obsessed

Cultivates innovation

Nimble learning

Drives Results

Collaborates

 

 

Join American Water... We Keep Life Flowing ™

 

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

Job Tags

Work experience placement, Work at office, Local area,

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