This position is part of the Controller’s organization and reports to the Director, General Accounting and Reporting. The individual is responsible for technical accounting, GAAP, GASB and FASB compliance, establishing and monitoring internal controls over financial reporting and working with cross-functional teams within the Controller’s group and other functions, and for delivering highest quality reporting, both internally and externally.
The manager will focus on accounting and finance policies, accounting research, issue resolution, assist with periodic filings, and ensure compliance with various regulatory requirements. He/she will be responsible for expanding and sharing U.S GAAP accounting knowledge with various team members through an accounting issue resolution, procedures and policies development, training and communication.
Decision maker for accounting issues impacting the business operations. Provide technical accounting advice, review research material, prepare detailed calculations on impact of pronouncements to organizational financials and manage projects including leases, revenue recognition, pensions, etc.
Close involvement in reviewing and determining the accounting aspects of complex and varied market transactions.
Significant interface with various levels of management, external auditors, and other key stakeholders in addressing accounting policies.
Anticipate the impact, on NYPA financials, of proposed strategic initiatives, and compliance/regulatory changes, including the impact to financial forecast, financial/IT systems and financial processes and controls.
Account for derivatives and hedges, as entered into by risk/operational groups; apply US GAAP guidance to identify what qualifies for hedge accounting, assess hedge effectiveness and present full and proper disclosure in the financial statements.
Coordinate processes, between various stakeholders, to assess NYPA’s internal control environment and adherence to the COSO framework. Develop detailed implementation plan that will lay the foundation for strengthening the control environment and meet the objectives outlined in the framework.
Prepare detailed documents identifying key controls, testing of control environment and ensuring its stability on a continuous basis. Assist with other internal control matters, including design, implementation, testing and remediation.
Keep abreast of accounting changes, on a timely basis, and make recommendations quantifying the impact of those changes to the financial statements.
Develop NYPA’s Finance manual incorporating therein finance policies relevant to the organization; update policies as needed.
Issue Finance newsletter to the Finance community highlighting key developments in areas of interest, including but not limited to, research bulletins, regulatory notifications, technology applications etc.
Knowledge, Skills and Abilities
Strong technical knowledge of U.S. GAAP accounting standards.
Experience in researching and clearly documenting accounting issues and applicable accounting standards.
Ability to read complex documents, synthesize and summarize important facts.
Ability to think creatively, problem solve and work independently on multiple engagements.
Proven experience in managing relationships and team development.
Ability to manage and motivate teams with members at all levels.
Strong on-the-job training skills and a desire to coach and mentor.
Strong project and time management skills.
Education, Experience and Certifications
10 plus years of public accounting or equivalent experience required.
Bachelor’s degree in accounting or related field required.
Certified Public Accountant (CPA) required.
Knowledge of ERP systems such as SAP (preferred).
Experience working in Industry applying GASB (preferred).
Limited travel, primarily within New York State