We are seeking a driven, highly strategic leader to join our Finance team as the Controller. This Controller is a key component of the Finance leadership team and will provide oversight of NYPA’s accounting and control functions, and the related practices, processes and governance of such functions. This role will balance multiple projects while directly managing and developing the accounting staff. The Controller is a key stakeholder and thought-leader in intra and inter-departmental initiatives including the annual budget, management reporting and analysis, strategic initiatives and transactions, as well as organizational development. The successful candidate will possess strong leadership competencies, as well as a high level of skill in implementing best practices and identifying and implementing best in class solutions. This role will report directly to the Senior Vice President, Financial Operations and have responsibility for the following functions: Accounting and Financial Reporting, Payroll, Accounts Receivable, Accounts Payable, Site Financial Services, Business Services Enterprise Financial Systems and Fixed Asset Accounting.
Advise executive management, senior leadership, and the Board of Trustees on the accounting/financial implications of major decisions and issues facing the Authority. The Controller will provide expert counsel on the accounting, planning, budgeting and use of resources to meet Authority business objectives. In doing so, the Controller will serve as a senior liaison to all NYPA departments and operating facilities.
Establish, implement and maintain corporate accounting policies and control procedures to protect the assets of the authority and ensure the integrity of financial information. Ensure Authority compliance with external accounting standards groups, such as FASB and GASB.
Analyze proposed legislation, regulations, and accounting standards to determine financial impact on the Authority and develop strategies for addressing these issues.
Oversee managerial and financial accounting activities to provide decision-support across the organization. Establish, enhance and maintain best-in-class reporting practices to serve both internal and external leaders.
Lead the Accounting team working in collaboration with the Budgets team to manage the O&M and capital budgeting and planning processes, including the preparation of an annual spending plan for executive management and Trustee review and approval.
Responsible for the preparation and interpretation of monthly O&M variance reports and quarterly capital variance reports, including recommendations for corrective actions as may be required.
Manage the Authority's participation and response to audits and other review processes of Authority operations by outside auditors, including the State Comptroller's office, the State Budget Division, the State Legislature, etc.
Manage the services of the independent accountant to prepare audited financial statements.
Coordinate activities with the line organizations to ensure the consistent application of accounting and budgeting policies and practices at the Authority's operating facilities and the ultimate realization of the Authority's business goals and objectives.
Responsible for the selection, development and day to day management of the accounting and budgeting staff to ensure a highly engaged and proficient workforce.
Responsible for department’s financial technology and systems, including SAP.
Knowledge, Skills and Abilities
Fully conversant with corporate and governmental accounting requirements and practices, including GAAP, FASB, GASB and effective reporting, budgeting and planning practices.
Ability to build effective relationships with all levels within an organization
Excellent presentation, written, and verbal communication skills required.
Strong analytical capability and the ability to formulate effective and actionable solutions.
Strong problem-solving, organization, persuasion, and negotiation skills are required
Must have the knowledge and capability to link accounting, planning and administrative activities to the strategic orientation and direction of the organization.
Education, Experience and Certifications
Proven professional experience as a financial controller with a 7-10 years functional experience at the leadership level.
Bachelor’s degree in Accounting. Advanced degree preferred. CPA preferred.
Approximately 5-10% travel within NYS
The New York Power Authority is an Equal Opportunity Employer
About New York Power Authority
The New York Power Authority is the nation's largest state public power organization, with 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 70 percent of the electricity we produce is clean renewable hydropower. NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives.Our lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. Our business customers range from Fortune 100 giants competing in international markets to small manufacturing or service firms that are vital to local economies.We sell power to government agencies; to community-owned electric systems and rural electric cooperatives; to job-producing companies; to private utilities for resale—without profit—to their customers; and to neighboring states, under federal requirements.For more information, visit www.nypa.gov.