Starting Salary Commensurate with Qualifications & Experience
The State Corporation Commission (SCC) is seeking to fill a Senior Energy Accountant/Auditor position in the Division of Utility Accounting and Finance (UAF). We are seeking a talented and hard-working accounting professional interested in impacting the lives of Virginians. The candidate selected for the Senior Energy Accountant/Auditor position will have the opportunity to attend utility or accounting-related conferences and training events, virtually or in person. Travel to audits in or out of Virginia 10% of the time is generally required (travel expenses are paid by the SCC). This position also offers a hybrid work schedule (generally 3 days of telework, 2 days in office) and on-the-job training.
Perform audit work on electric, gas, water, and sewer utility companies to ensure they are compliant with GAAP, regulatory accounting principles, and Commission decisions. These audits are generally performed within the context of a rate application filing; and are conducted to ensure that rate mechanisms are working, ensure there is no double recovery of costs in different rate mechanisms, and to provide a better understanding of how costs and revenues are recorded on rate applications.
Conduct audits by verifying revenues, expenses and investments included in relevant rate adjustment clauses.
Review complex accounting transactions, write document findings, and communicate with companies and other external contacts throughout the audit process.
Conduct additional audits on base rate costs and service company costs.
Prepare written testimony and participate in legal proceedings related to audits.
Professional experience in accounting, auditing, or financial analysis and a bachelor’s or master’s degree in accounting or a post-baccalaureate certificate in accounting from an accredited institution. Any work experience in a public utility is considered a plus.
CPA designation or eligibility for the CPA exam in Virginia (120 semester hours of education, with at least 24 semester hours of accounting courses) is preferred.
Strong knowledge of accounting and/or auditing.
Ability to analyze and interpret financial information.
Critical thinking skills, a curious nature, and strong initiative.
Ability to present information clearly and concisely and effectively prepare and present oral testimony in a court proceeding.
Strong verbal and written communication skills.
Ability to establish and maintain effective working relationships with SCC staff, industry personnel, and the general public.
Located in downtown Richmond, Virginia, the SCC is a state agency with regulatory authority over many business and economic interests in Virginia. More information about the SCC may be found on our website: www.scc.virginia.gov.
The SCC offers rewarding, impactful work; flexible telework options and work-life balance; and professional development opportunities. The SCC fosters a high-performing workforce with a commitment to diversity and inclusion, collaboration, and alignment with the SCC's mission and strategic goals. Core benefits provided to SCC employees include competitive health and life insurance programs, pre-tax spending accounts, leave programs, and paid holidays. Employees participate in a state retirement plan with options for tax-deferred retirement savings including employer matching. The state also funds a short and long-term disability program.
The SCC regulates various companies and industries in Virginia; therefore, to avoid any conflict, employees are required to sign a Conflict-of-Interest Form and must dispose of any stock they hold in a regulated company or dispose of any licenses or certificates they hold in any industry regulated by the SCC unless otherwise permitted. Employees also shall report employment of household members by a regulated company.
The SCC is an Equal Opportunity Employer. Military veterans and national service alumni are encouraged to apply. The SCC uses the E-Verify system to confirm identity and work authorization and does not provide sponsorship. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation in order to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment.
This position will be classified in the SCC Salary Structure as a Grade P-12 or P-14 and will be exempt from the provisions of the Fair Labor Standards Act (FLSA).
How to Apply
This position will remain open until filled; however, interested candidates are strongly encouraged to apply by close of business on November 10, 2022.
The State Corporation Commission is vested with regulatory authority over many business and economic interests in Virginia. These interests are as varied as the SCC's powers, which are delineated by the state constitution and state law. Its authority ranges from setting rates charged by large investor-owned utilities to serving as the central filing agency for corporations in Virginia.Initially established to oversee the railroad and telephone and telegraph industries in Virginia, the SCC's jurisdiction now includes many businesses which directly impact Virginia consumers. The SCC's authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads. It is the state's central filing office for corporations, limited partnerships, limited liability companies and Uniform Commercial Code liens.