Exelon

Regulated utility delivering electricity and gas

Manager Accounting

Financial AccountingPosted on Nov 6

Full-timeChicago, IL, USA$112.8k - $155.1k /yr

About the Job

Requirements

A bachelor's degree in Accounting or equivalent is required.
Seven to ten years of related experience is required.
Demonstrated knowledge and understanding of accounting theory, principles, practices, and regulations, including FASB/GAAP and SOX compliance, is required.
Ability to document a broad range of issues in work papers, disclosures, and memos is required.
Strong analytical skills in evaluating data and exercising judgment in a variety of areas are required.
Demonstrated successful use of technology to improve process efficiency is required.
Effective communication and presentation skills are required.
Effective team-building and leadership skills are required.
Demonstrated project management skills are required.
Commitment to high standards of quality and integrity and professionalism and respect toward others is required.

Responsibilities

Oversee and support monthly financial statement close processes, ensuring all financial transactions are recorded accurately and on time, and ensure effective operation of Sarbanes-Oxley controls while identifying necessary changes.
Prepare monthly and quarterly reports and analyses for internal and external reporting; research variances, identify data trends, determine root causes, recommend adjustments or enhancements, and approve, review, and analyze account reconciliations.
Collaborate with cross-functional business partners to proactively identify and resolve accounting issues and support planning, forecasting, regulatory, and business decision processes; present operating results to leadership and provide insights and recommendations for business decisions.
Interact with internal and external auditors to support required audits and support regulatory processes, including data requests and potential interaction with external stakeholders.
Analyze current processes and procedures; use emerging technologies to recommend, develop, and drive improvements; participate in and lead special projects involving process improvement, automation, and changes in regulatory or accounting requirements.
Manage and mentor a team of accountants, providing guidance and support for their professional growth and high performance and fostering a collaborative, inclusive team environment.
Oversee day-to-day activities associated with the monthly financial statement close process and ensure financial transactions are recorded accurately and on time.
Challenge current processes and collaborate across the company to lead improvement opportunities, accomplish goals, and resolve issues.
Lead team engagement and support Exelon and Finance cultural pillars of development, diversity, equity and inclusion, innovation, and community engagement.
Work with minimal supervision and provide situational leadership, coaching, and mentoring to team members.
Work overtime, on weekends, and travel on a limited basis when required.

Desired Qualifications

Eight to ten years of related experience is preferred.
An MBA with a concentration in Accounting or Finance is preferred.
A Certified Public Accountant (CPA) credential is preferred.
Public accounting experience is preferred.
Regulatory, utility, FERC/SEC reporting, or energy industry experience is preferred.
Proven leadership and team management skills are preferred.
Experience using analytical tools and artificial intelligence to improve processes and analysis is preferred.

Who We Are

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- 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).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?
Primary Purpose

PRIMARY PURPOSE OF POSITION

� Oversee an Accounting team that performs a variety of accounting assignments, recording and reporting financial transactions and executing Sarbanes-Oxley control requirements. � Produce accurate and timely financial statements as needed � Collaborate with cross-functional teams to ensure accurate financial records, assist with the forecasting and planning function, and support the business in meeting the needs of our customers � Continually assess, recommend, and lead areas to improve efficiency and effectiveness of processes

Primary Duties

PRIMARY DUTIES AND ACCOUNTABILITIES

Monthly and Quarterly Close - Oversee and support the monthly financial statement close process, ensuring that all financial transactions are recorded accurately and timely. Ensure effective operation of Sarbanes-Oxley controls and identify any changes that may be necessary. (20%)
Reporting and Analysis � Prepare monthly and quarterly reports, including analysis for use in internal and external reporting. Research variances, identify trends in data (at times working with large data sets), determine root causes and make recommendations for adjustments and/or enhancements. Approve, review and analyze account reconciliations. (20%)
Collaboration and Communication � Engage and collaborate with cross-functional business partners to identify and resolve accounting issues proactively and to assist with planning, forecasting, regulatory, and business decision processes. Present and communicate operating results as needed to Leadership. Provide insights and recommendations to drive business decisions. (20%)
Audit and Regulatory Support - Interact with internal and external auditors to support required audits. Support the regulatory process, including various data requests, which could include interaction with external stakeholders. (15%)
Process Improvements and Special Projects � Analyze current processes and procedures and leverage new and emerging technologies to recommend, develop, and drive improvements. Participate in and lead various special projects related to process improvements, automation, and/or changes in regulatory or accounting requirements. (15%)
Team Leadership and Development - Manage and mentor a team of accountants, providing guidance and support to ensure professional growth and high performance. Foster a collaborative and inclusive team environment. (10%)

Job Scope

JOB SCOPE

Oversee day-to-day activities associated with the monthly financial statement close process
Ensure financial transactions are recorded accurately and timely.
Challenge current processes and collaborate across the company to identify and lead opportunities for improvement, accomplish goals, and resolve issues.
Work is varied and difficult in nature and requires the exercise of judgment, initiative, and ingenuity to select the most appropriate course of action.
Lead team engagement and supporting the Cultural Pillars of Development, DEI, Innovation and Community Engagement, of Exelon and Finance.
Work under minimal supervision and demonstrate situational leadership coaching and mentoring team members.
Position, at times, may require overtime, weekend work and limited travel.

Minimum Qualifications

MINIMUM QUALIFICATIONS

Bachelor's degree in Accounting or equivalent
7-10 years of related experience
Demonstrated knowledge and understanding of Accounting theory, principles, practices and regulations including FASB/GAAP and SOX compliance
Demonstrated ability to document a broad range of issues in work papers, disclosures and memos.
Strong analytical skills in evaluating data and the ability to exercise judgment in a variety of areas
Demonstrated successful use of technology to improve process efficiency
Effective communication and presentation skills
Effective teambuilding and leaderships skills
Demonstrated project management skills
Commitment to highest standards of quality and integrity
Exude a high degree of professionalism and treats others with respect

Preferred Qualifications

PREFERRED QUALIFICATIONS

8 � 10 years of related experience
MBA with a concentration in Accounting or Finance
CPA
Public accounting experience
Regulatory/utility/FERC/SEC reporting or energy industry experience
Proven leadership and team management skills
Experience with analytical tools and artificial intelligence to improve processes and analysis

Benefits

Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $112,800.00/Yr. – $155,100.00/Yr.
Annual Bonus for eligible positions: 20%
401(k) match and annual company contribution
Medical, dental and vision insurance
Life and disability insurance
Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
Employee Assistance Program and resources for mental and emotional support
Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
Referral bonus program
And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.

About the Company

Exelon

Regulated utility delivering electricity and gas

Exelon is a public utility holding company that owns six regulated electric and gas utilities on the East Coast and in the Mid-Atlantic: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO, and Pepco. Its main work is delivering electricity and natural gas to about 11 million customers through these regulated utilities, and it earns revenue from state-approved rates for transmission and distribution rather than from energy commodity prices. The company supports grid modernization and infrastructure upgrades with substantial capital investments; its business model emphasizes reliable service, regulatory compliance, and predictable earnings tied to regulated rates. Exelon’s goal is to provide safe, dependable energy delivery and improve the electric grid, while growing through prudent investments within its regulated footprint.

Company size: 10,001+
Company stage: IPO
Headquarters: Chicago, IL
Founded: 2000

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