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Location: Atlanta, GA (*On-site)
- Incumbent must work in office in Atlanta four (4) days per week and may work remotely one (1) day per week with manager approval
Position Title: Manager, Financial Reporting
Dept., BU / Section: Financial Services / Accounting & Billing
Reports To: Director of Accounting, Billing and Financial Reporting
Summary:
The Manager, Financial Reporting manages and oversees the financial reporting functions for all of MEAG Power’s Projects. This position is responsible for the preparation of all external financial reports, monitoring of GASB and FASB pronouncements for applicability to MEAG Power and filing of reports in accordance with continuing disclosure requirements. The Manager also supports the Director of Accounting, Billing and Financial Reporting in communicating with MEAG Power’s Senior Management, Participants and other external parties and with special projects as assigned.
The position requires leadership, planning, teamwork and communications skills to ensure assigned responsibilities are effectively completed and communicated with internal and external parties. Being proficient in Microsoft Office products (Excel, Word, Adobe and Outlook) is preferred. The Manager is expected to manage and compete tasks under short deadlines and without advance notice.
Key Responsibilities/Accountabilities:
Manages the preparation and presentation of MEAG Power’s annual consolidated financials (Annual Financials) for inclusion in the Annual Report and Annual Information Statement (AIS).
Manages the database containing certain Participant financial/other information (Participant data) and uses such data to prepare Quarterly Participant Reports (QPR) and AIS disclosures to comply with requirements of the Continuing Disclosure Agreements of MEAG Power’s outstanding bonds, via filings with the Municipal Securities Rulemaking Board (MSRB) through its Electronic Municipal Market Access (EMMA) website.
Ensures the preparation and filing of the following with MEAG Power’s bond Trustees:
Annual Financials in accordance with applicable bond resolutions
QPRs in accordance with Continuing Disclosure Agreements, in conjunction with filing such with the MSRB in accordance with SEC Rule 15c2-12.
Prepares MEAG Power’s Vogtle Units 3&4 Project Entities’ (SPVs) financials (annually) in accordance with timelines specified by Loan Guarantee Agreements with the U.S. Department of Energy (DOE).
Files the Semi-annual Vogtle Construction Monitoring Report with the MSRB via EMMA.
Coordinates with the external auditors to facilitate the preparation of comfort and bring down letters as required for each bond closing.
Manages the preparation and/or reviews for content/accuracy applicable financial or Participant-related disclosures in MEAG Power’s Official Statements for bond issuance.
Manages the preparation of MEAG Power’s quarterly reports for the first, second and third quarters of each year in accordance with timelines specified by the DOE.
Monitors and evaluates developments pertaining to accounting pronouncements issued by the GASB and FASB, which may impact MEAG Power’s financial statements or disclosures.
Provides Participant data as requested for special projects by management.
Qualifications:
A degree in accounting or a related field with 8-10 years related experience demonstrating a progression in responsibilities, including 4-5 years in a leadership and/or supervisory role, is required to perform the position’s complete responsibilities.
Public Utility, Joint Action Agency and/or electric energy trading experience a plus. Public accounting, technical accounting research and/or financial reporting experience is highly desired.
A CPA designation and/or advanced degree highly preferred. Must have in-depth knowledge of accounting principles, theories and practices related to accounting, and financial reporting.
Strong written and verbal skills to communicate with Board members, senior management, financial and legal professionals in order to complete public disclosure documents.
Effective communication is required to interact with peers and subordinates to optimize the success of the department.
Attention to detail is critical to ensuring the accuracy of financial reports.
Must have knowledge of Microsoft family software.
Number of Reports
Direct: 2
Indirect: 0
TOTAL: 2
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required.
MEAG Power offers a competitive benefits package including;
Health, Vision and Dental coverage as well as Opt Out Incentives
Health and Dependent Care FSAs
Vacation and Sick days
10 paid Holidays
1 Floating Holiday (if hired prior to July)
Short Term Disability (after 1 year of service)
Long Term Disability
Basic Life and AD&D Insurance
Voluntary Benefits – Individual, Spouse and Child Life Insurance
403(b) Tax Deferred Retirement Plan with company match & non-match contributions
457(b) Tax Deferred Retirement Plan
Vacation Purchase Program
MEAG Power is an equal opportunity employer. MEAG Power provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
MEAG Power is a drug-free workplace. External candidates are required to pass a drug test and background screening before beginning employment.
