The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state.
The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future. The NYISO’s Finance department invites applications for a full-time Accountant.
This position is primarily responsible for the oversight of all functions associated with one or more of the following areas of accounting;
- Cash
- Accounts Payable
- Accounts Receivable – Market Operations
- Accounts Receivable – Interconnection Projects
- Accounting for Prepaid Expenses
- Accounting for Payroll and Benefits
In addition, this position will back up other department Accountants as required.
ESSENTIAL DUTIES and RESPONSIBILITIES
- Prepare journal entries and provide appropriate supporting documentation
- Prepare accurate account reconciliations for assigned general ledger accounts on a daily/and or monthly basis depending on the account.
- Prepare schedules for inclusion in the Monthly Financial Report and submit to Finance Management for review.
- Cross train other Accounting staff on area of responsibility and accept cross-training from other members of the Accounting team.
- Respond to inquiries from internal and external customers.
- Assist Management in the development of administrative policies and procedures.
- Provide suggestions to process enhancements along with improvements to internal control structure.
- Participate in coordination of internal and external audits.
- Maintain confidentiality of designated information.
- Assist with special projects as assigned.
- Perform basic clerical duties (i.e., filing, copying, faxing, etc.).
Cash
- Analyze and reconcile activity in bank accounts on a daily/and or monthly basis depending on the account.
- Prepare daily cash reconciliation schedules/reports and provide to management for review
Market Clearing Receivables & Payables:
- Process Market Participant accounts receivables and payables according to NYISO’s policies and procedures.
- Prepare basic reports for Market Participants’ receivables and payables activity.
- Perform daily cash status monitoring activities to accurately reflect NYISO and Market Participant cash balances and prepare reports for all bank accounts.
- Maintain records to support Market Participant’s tax status
- Coordinate issue resolution for foreign based Market Participants to ensure proper approval prior to entering the NYISO market.
- Invoice annual governance fees to Market Participants’ and coordinate with Committee Support to determine appropriate method of invoicing while ensuring accuracy of invoicing.
- Refund Working Capital Fund annual accumulated interest.
- Compute foreign tax withholdings on a monthly basis to facilitate the research and preparation of the annual Foreign Tax Filing for respective Market Participants.
- Prepare and evaluate Market Participants’ annual Working Capital Rebalancing
- Prepare and evaluate Market Participants’ Bad Debt Allocation as needed.
- Research and prepare Form 1099 for all Market Participants, as appropriate.
Planning Studies Receivables & Payables:
- Calculate and process planning studies invoices
- Process accounts receivables and payables payments according to NYISO’s policies and procedures.
- Prepare basic reports for Planning Studies receivables and payables activity.
- Perform daily cash status monitoring activities to accurately reflect NYISO and Planning Studies cash balances and prepare reports for all bank accounts.
Accounts Payable:
- Oversee the billing, invoicing, and reconciliation procedures for developers of Interconnection Studies.
- Coordinate with the Planning Department to regularly communicate the status of Interconnection Projects.
- Research and prepare Form 1099 for all independent contractors, as appropriate.
- Serve in a back-up role to generate payments to vendors according to approved policies.
- Generate weekly payment batches, address vendor and departmental questions and enter vendor information accurately into financial accounting software.
- Serve in a back-up role to determine amounts prepaid in advance of service month.
- Record prepayments and amortize expense on a monthly basis.
Qualifications include:
- Bachelor degree in Accounting, or with a concentration in accounting, required.
- Five years experience in accounting in a corporate setting, focusing on general ledger reconciliations, cash, accounts payable, and accounts receivable; or equivalent combination of education, training and experience.
ADDITIONAL REQUIREMENTS
- Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or government regulations.
- Ability to write reports, business correspondence and procedures.
- Ability to effectively present information and respond to questions from managers, vendors, Market Participants and the general public.
- The candidate must have the ability to calculate basic figures and amounts such as discounts, interest, percentages, etc.
- The candidate must have communication and interpersonal skills.
- Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet programs. Competency in Oracle Financials is beneficial, but not required.
- Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
PHYSICAL DEMANDS
While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand, walk, sit and use hands to perform routine office tasks. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
WORK ENVIRONMENT
The noise level in the work environment is usually moderate. Contact with staff and public will occur. Travel may be required to attend and/or conduct meetings, conferences and training. This position may require work on nights, weekends or holidays.
The NYISO takes pride in recruiting, developing and retaining highly talented individuals. In addition to competitive salaries, we offer a comprehensive benefits package and innovative reward programs.
At the NYISO, we realize the importance of balancing the availability of remote work with the inherent value of bringing people together to attain success in the areas of maximum collaboration, relationship building and growth, teamwork, innovation and problem solving, as well as professional development and mentoring. In this role, you will be required to work onsite from our Rensselaer, NY location several days per workweek, with the option to work remotely on the remaining days. You will also be expected to respond to all business needs that may require any increase to the regular onsite requirements.
All offers of employment will be made contingent upon the successful completion of a drug screening and background check.
At the NYISO, we realize the importance of balancing the availability of remote work with the inherent value of bringing people together to attain success in the areas of maximum collaboration, relationship building and growth, teamwork, innovation and problem solving, as well as professional development and mentoring. In this role, you will be required to work onsite from our Rensselaer, NY location several days per workweek, with the option to work remotely on the remaining days. You will also be expected to respond to all business needs that may require any increase to the regular onsite requirements.
The NYISO takes pride in recruiting, developing and retaining highly talented individuals. In addition to competitive salaries, we offer a comprehensive benefits package and innovative reward programs.
All offers of employment will be made contingent upon the successful completion of a drug screening and background check.
The NYISO is an Equal Opportunity Employer and as such, does not discriminate in its hiring or employment practices.
Salary Range
$71—$118,700 USD
