Sr. Advisor, US GTM Joint Venture Accounting and Reporting

Posted:
8/15/2024, 5:00:00 PM

Location(s):
Houston, Texas, United States ⋅ Texas, United States

Experience Level(s):
Senior

Field(s):
Business & Strategy ⋅ Finance & Banking

Posting End Date:

August 29, 2024

Employee Type:

Regular-Full time

Union/Non:

This is a non-union position

Enbridge has an exciting opportunity for you! Sr. Advisor, US GTM Joint Venture Accounting and Reporting is primarily responsible for all general financial aspects impacting our joint venture arrangements and external regulatory reporting for both joint venture and consolidated assets. If this sounds like something that you would be interested in, you may be good fit for our Sr Advisor, US GTM Joint Venture Accounting position.

See below to understand the full scope, and we look forward to your application!

What You Will Do:

  • Prepare and review monthly financial statements support schedules to be provided to internal management and partners

  • Prepare, review, and approve monthly journal entries including joint venture billings

  • Prepare and review monthly actual balance sheets and income statements variance analysis

  • Perform research and analysis for ad hoc questions or requests from partners

  • Prepare and review account reconciliations and monthly actual variance analysis

  • Prepare, review and coordinate cash calls and cash distributions with partners

  • Prepare and analyze large volume of data from ERP system to facilitate monthly cost allocation process

  • Prepare and review Federal Energy Regulatory Commission (FERC) Form 2 and Form 3-Q

  • Prepare and review annual Texas Rail Road Commission (RRC) Filings

  • Prepare FERC/RRC  rate case related schedules and support documentation

  • Coordinate and interact with internal and external auditors on quarterly and year-end audits

  • Ensure compliance with SOX controls and related reporting requirements

  • Interact with internal and external stakeholders

  • Provide guidance to analysts and advisors as needed

  • Special projects as required

Internal Stakeholders:

  • Business Development – Interactions include assisting in partnership negotiations, managing partner relationships, creating and understanding operating and construction budgets and supporting Management Committee operations.

  • Regulatory – Interactions include assisting during rate proceedings and other filings, ensuring accounting policies are in-line with and support regulatory requirements.

  • Legal – Interactions include assisting during partnership negotiations and on any issues that may arise later (i.e. closing out potential findings from partnership audits)

  • Economic Evaluation – Interactions include ensuring their economic models are updated appropriately to result in representational IRRs.

  • Treasury – Interactions include assisting during financing transactions, with annual ratings agency presentations for the partnerships and with cash management matters.

  • Tax – Interactions include discussing income and property tax impacts on potential transactions, partnership negotiations, and accounting policies.

  • Other accounting functions (Financial Reporting, FP&A) – Including CAO, Operations Accounting Controller, and direct reports. Interactions include ensuring financial reporting disclosures are accurate and fairly presented, assisting in research and documentation on technical accounting matters, and helping FP&A group create, maintain, and understand annual operating budgets.

  • Investor Relations – Interactions include explaining operational and financial results, organizational structures and similar matters.

  • External Stakeholders:

  • Accounting point of contact for our partnerships – Interactions include assisting with their accounting policies, review of monthly operating results, forecasting future results for their internal reporting purposes and dealing with joint venture audits.

  • Independent auditors and audit staff from joint venture partners – facilitating auditor access, responding to questions, supporting company positions.

Required: 

  • Bachelor degree required in Accounting or Finance

  • 6+ years or equivalent of related experience

  • Knowledge of Oracle Cloud, SAP and HFM

  • Excellent organization, planning, and analytical skills

  • Ability to communicate effectively with all levels in the organization

  • Works independently on complex technical issues

  • Ability to independently research, investigate, analyze, reconcile and evaluate all financial data and make sound decisions

  • Demonstrates broad business and technical knowledge in resolving problems

  • Takes lead role on adhoc projects, as needed

Preferred:

  • CPA preferred, but not required

Working Conditions:

  • General office working environment with overtime required.

  • Minimal travel requirement.

  • Company paid international relocation is not offered for this role.

  • Enbridge provides driven workplace programs that differentiate us and offer flexibility to our team members. Enbridge’s FlexWork (Hybrid Work Model) offers eligible employees the opportunity to work variable daily schedules with a flexible start and end time, to opt for a compressed workweek schedule, and the option to work from home on Wednesdays and Fridays. Role requirements determine your eligibility for each option or combination of options. #LI-Hybrid #joinourteam

Physical Requirements include but are not limited to:

Balancing, bending and stooping, climbing, crawling, carrying (up to 25 pounds), grasping, kneeling, lifting (objects up to 25 pounds), pulling hand over hand, pushing, reaching above shoulder, repetitive motion, sitting, standing, walking, visual requirement (able to see screens, detect color coding, read fine print), hearing requirement.

Mental Requirements (Both Field & Office) include but are not limited to:

Ability to: understand, remember and apply oral and/or written instructions or other information, understand complex problems and collaborate/explore alternative solutions, organize thoughts and ideas into understandable terminology, organize and prioritize work schedule on a short-term basis, make decisions which have moderate impact on the immediate work unit and monitor impact outside this area, understand and follow basic instructions and guidelines, complete routine forms, compose letters, outlines, memoranda and basic reports and communicate with individuals via telephone.

Diversity and inclusion are important to us. Enbridge is an Equal Opportunity and Affirmative Action Employer. We are committed to providing employment opportunities to all qualified individuals, without regard to age, race, color, national or ethnic origin, religion, sex, sexual orientation, gender identity or expression, marital status, family status, veteran status, Indigenous/Native American status, or disability. Applicants with disabilities can request accessible formats, communication supports, or other accessibility assistance by contacting [email protected].

Information For Applicants:

  • Applications can be submitted via our online recruiting system only.
  • We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted.
  • Final candidates for this position may be required to undergo a security screening, including a criminal records check.

To learn more about us, visit www.enbridge.com