Manager Benefits Accounting (HYBRID)- BSC

This job posting is no longer active.

Location: CHICAGO, IL, United States
Organization: Exelon Business Servcs Co, LLC
Job ID: 241799
Date Posted: Sep 30, 2022
Job: Accounting & Finance

Share: mail

Job Description

Description

Be a part of something powerful at America's premier energy provider!

 

At Exelon, we are united by our values and shared vision for a cleaner and brighter future. We encourage curiosity, value diverse perspectives and we never stop looking for ways to be, work and do better. We know the future is in our hands. That's why we're looking for people like you, who have the power to make a difference.

As the nation's largest utility company, we serve more than 10 million customers through six fully regulated transmission and distribution utilities: Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). All 18,000 of us are committed to delivering safe, reliable and affordable energy to our customers, strengthening our communities, supporting a clean energy future and reducing our impact on the changing climate.

Our people are the heart and soul of our business. Whether it's powering lives, supporting communities or collaborating with colleagues, an Exelon employee is talented, compassionate, forward-thinking and inspired. We are empowered to evolve and advance our careers in an open and inclusive environment. We pride ourselves on being the kind of place where people want to come and stay. We know that investing in our employees' futures strengthens ours, which is why we offer competitive compensation, incentives and health and retirement benefits.

 

PRIMARY PURPOSE OF POSITION

Oversee and provide support to the Benefits Accounting team  within corporate accounting. Produce accurate and timely benefit plan financial statements and filings. Support the Benefits Accounting team in recording and reporting financial transactions in an accurate and timely manner.

PRIMARY DUTIES AND ACCOUNTABILITIES

• Supports the preparation of benefit plan financial statements and Form 5500 filings.

• Supports preparation and delivery of corporation's monthly financial statement close process by overseeing the Benefits Accounting team’s close. This includes the accounting for healthcare benefits, pension, and OPEB.

• Primary owner of all accounting or regulatory reporting over healthcare, pension and OPEB. Ensures financial transactions are recorded accurately and timely, and analyzes and reviews financial statements for given area of responsibility. Responsible for complete and accurate preparation of all required reports on a quarterly and annual basis.

• Prepares, reviews or approves pension and OPEB account reconciliations for corporation's entities and accounts, as required.

• Responds to monthly and quarterly fluctuation inquiries over healthcare, pension and OPEB activity.

• Support external reporting disclosure requirements as it relates to pension and OPEB.

• Supports the implementation of changes in Generally Accepted Accounting Principles (GAAP) that impact the Benefits Accounting team.

• Supports in the accounting, analysis and budgeting of various healthcare, pension and OPEB accounts.

• Consults and liaises with operating unit finance personnel on accounting issues related to benefits.

• Cooperates in special projects and special requests as required for the Controller's Group.

• Interacts with internal and external auditors, Corporate Controller's Department and business units as required to accomplish goals.

 

JOB SCOPE

• Under minimal supervision, perform assigned financial accounting and/or reporting in compliance with internal reporting processes, and applicable regulatory bodies.

• Proactively notify Supervisor or Director of any accounting/reporting issues or concerns.

• Work closely with other departments and business units regarding accounting activities.

• Supervise and provide review and approval of a variety of accounting assignments

• Position has significant impact to the timely completion and delivery of financial information and reports that in turn has impact on the work of those who compile the overall consolidated corporation financials. Potential financial loss to Corporation and/or its entities may result if work output fails to meet expected deadlines, accuracy, and quality.

• Has moderate to significant impact on budget decisions. Impact on day-to-day operations focuses on operating decisions at the major project or functional level. Work may be subject to occasional review. Generally operates with wide latitude for unreviewed action or decision. May participate in planning processes at major project and departmental level.

• Work involves internal and external contacts that require satisfactory disposition, substantial adjustment, and/or changes in established standards or procedures. Contact with others requires tact, persuasiveness, minimum deviation from standard routings or the making of incidental adjustments to facilitate delivery of services or work output. Must be able to develop effective relationships with various parties, both within the Controller's Group (G/L, Revenue, Plant, Tax) as well as other areas of the company (FP&A, operating groups, etc.) to enhance and improve processes.

• Work is diversified and somewhat complex in nature.

• Work output has considerable impact on the work of other financial functions, reporting and decision making processes. Impact on earnings focuses on appropriate utilization / development of resources and critical disruption of service possibilities.

• Supervise assigned staff including development, staffing, performance assessment, work review, etc. Day to day supervisory responsibilities are limited but, depending on size and accounting complexity of assigned entity, may provide lead direction to junior level individuals assigned to specific project or work group. Work leadership is generally administrative in nature and typically involves functional direction to others assigned to assist on an occasional to moderate basis.

• Position, at times, may require overtime, weekend work and limited travel.

Qualifications

MINIMUM QUALIFICATIONS

• Bachelor's degree in accounting, finance or general business administration.

• MBA in Finance, Accounting or Economics and/or CPA or other financial certification is preferred

• Experience is typically career level (8-10 years) in accounting, financial reporting or related field. Public Accounting and/or Utility experience is preferred.

• Experience with Financial Statement Consolidations and/or Derivative Accounting is a plus.

• Demonstrated knowledge of generally accepted accounting principles

• Demonstrated supervisory experience

• Commitment to highest standards of quality and integrity

• Solid financial, mathematical and analytical capabilities

• Exhibit professionalism and stay current on technical accounting, reporting and professional development

 

PREFERRED QUALIFICATIONS

 

Share: mail
 

Frequent Job Searches

Recently Viewed Jobs

Most Recent Job Searches

Relevant Jobs