Principal Accountant - Los Angeles, CA (Job ID: 4358)

Published: April 8, 2019
Los Angeles, California
Job Type


Job Description

This position reports to the Accounting Manager. The Accounting department records financial accounting journal entries and prepares the company’s SEC filed financial statements (balance sheet, income statement, and cash flows statement) and the related financial statement disclosures in compliance with GAAP.

This position independently performs a full spectrum of financial, regulatory, reporting and accounting assignments, including preparation of complex financial transactions, reports, and related analysis. Makes recommendations on operational and accounting issues within functional area. Coaches, guides, and trains assigned accounting staff. Performs, reviews and resolves complex work issues with minimal direction. Works in a team environment and leads teams to accomplish projects and goals.

- Serves as a lead professional for financial, regulatory, reporting, accounting, and control assignments in their areas of knowledge. Researches, recommends, and implements, under management's direction, proper accounting, regulatory, reporting and financial treatment for new and existing operations, accounting pronouncements, regulations, regulatory decisions, and laws.

- Plans, schedules and reviews accounting staff work activities, providing on-the-job training, coaching and feedback to improve job knowledge and performance. Monitors for incorrect or needed accounting entries and assures required accounting adjustments/transactions are made in a timely manner.

- Effectively achieves required deliverables for special projects, data requests and analysis, procedure development and implementation, etc. Forms and leads either internal or cross-organizational teams as needed to accomplish assignment goals. Independently manages several concurrent projects, assignments and activities.

- Leads internal control activities including SOX test plan design and documentation, SOX testing, continual assessments for control improvement, and design/implementation of new or enhanced procedural and IT controls. Assures appropriate controls are included in the procedures manual and SOX documentation, and that assigned staff is trained in the procedures.

- Includes and works closely with all stakeholders to assure accurate, relevant, and timely accounting transactions and controls, and financial, regulatory, and tax information. Identifies and addresses internal customer training needs. Assures other organizations (e.g., regulatory, tax) are informed in a timely manner of significant transactions impacting them, and obtains guidance from manager, supervisor and other organizations when needed.
- Responds to inquiries of shareholders, suppliers, outside departments, government agencies, auditors and management.



Requires a bachelor's degree preferably in accounting, finance, economics, related business administration field or equivalent experience. Requires 6 - 7 years of related experience.  2-3 years experience in a Big 4 accounting firm highly desirable.

Requires minimum of 20 semester units of accounting course or equivalent professional accounting experience. CPA, CMA, MBA and/or other professional certificates/advanced degrees are desirable. Requires experience in public and/or professional accounting. Experience working at a publicly-traded company is preferred.

- Strong knowledge of SAP, utility accounting, Microsoft Word and Excel is highly desirable. Working knowledge of HFM, Exchange, PowerPoint, and Adobe Acrobat are also desirable.- Verbal and written communications must be clear, concise and adaptable for both a technical and non-technical audience.
- Full understanding of the "Big Picture" and ability to interpret accounting, regulatory and financial theories and concepts, and develop alternative solutions to the company's current business and regulatory issues to enhance competitive positioning and maximize shareholder value.
- Requires a thorough knowledge of accounting methods and techniques and the ability to apply both in problem solving.
- Sound understanding of internal controls and SOX 404.- Strong computer skills with excellent understanding of SAP capabilities related to functional area and ability to query SAP and BW, and use query results and Excel to prepare reports, and analyze and model data. -Skills in leadership and teambuilding, organizing, planning, controlling, coordinating, and delegating to effectively manage assignments and projects.
- Possess solid negotiation, listening, and interpersonal skills to persuade and influence those with divergent opinions to correctly and expeditiously address issues and achieve deliverable goals.
- Thorough knowledge of generally accepted accounting principles. Advanced understanding of the interrelationship between utility ratemaking and accounting, tax, and financial concepts.
- Up-to-date knowledge and technical proficiency in all FASB, Regulatory, Tax, and SEC accounting and reporting issues applicable to the functional area.


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