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Depending upon the desired qualifications of the successful applicant, the hiring manager may elect to fill this position at a higher level within the job hierarchy.

Job Summary:

The purpose of the Manager of Carolinas Regulatory Accounting and Reporting position is to manage and develop a team of individuals who perform regulatory accounting tasks associated with Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP). A successful candidate will possess strong leadership and effective interpersonal skills when managing staff and inquires of management. The Manager is also responsible for ensuring that the team performs its tasks in an accurate and timely manner in accordance with published deadlines while strictly adhering to company policies and controls. In this role, the Manager is responsible for ensuring that the accounting impacts of the company’s business activities and transactions are understood and properly recorded to the general ledger, and that such accounting impacts are clearly explained and properly presented in internal and/or external financial reports as needed.

The role is critical to maintain consistent regulatory accounting for the two Carolinas utilities, which, involve significant complexity as they undertake strategic shifts to include a focus on clean energy transformation and meeting the demand of a growing customer base. In meeting these objectives it is expected the Manager of Carolinas Regulatory Accounting and Reporting will oversee all aspects of regulatory assets and liabilities, FERC Filings, Commission Filings with the NCUC and PSCSC, riders, deferred fuel accounting, multiple securitization opportunities which drive accounting process impacts, and support for base rate cases supporting the Director of EU&I Accounting - Carolinas. The Manager will support the development of the team and work closely with offshore accounting personnel from our partnership with E&Y. This role will include the opportunity to develop into the accounting witness providing consistency and a breadth of knowledge in responding to regulator and wholesale customers with knowledge of specifics for both companies. This Manager role will promote continuous process improvement and drives efficiencies, partially through avoidance of duplicative jurisdictional processes and by leveraging the combined scope and scale of these entities. The role is a single contact for Rates, FP&A, Treasury, and other organizations on Carolinas regulatory accounting matters which results in consistent and clear communication. This role will collaborate closely with the Manager of Carolinas Accounting and Reporting, who is responsible for internal and external accounting and reporting, such as FRS, 10-Q/K Filings, Cash Flows, LTD, Allocations, Balance Sheet Variance Analysis, SOX Controls, etc.

Responsibilities:

DEC and DEP monthly regulatory accounting close tasks, such as Regulatory Asset/Liability Deferrals/Amortizations, Rider Accounting, Revenue Reporting including Unbilled, FERC Filings, Wholesale and Transmission Data Requests, etc.

Leadership in driving regulatory accounting consistency and process improvement efforts across the Carolinas utilities

Provide support as Carolinas Accounting witness for DEC and DEP regulatory matters including jurisdictional rate cases and other regulatory filings

Preparation and review of documentation for accounting conclusions on accounting matters

Provide support and leadership oversight for the Carolinas (DEC and DEP) and Florida (CR3) securitizations and future securitization.

Assist with special projects from time-to-time (e.g., new accounting standards or directives from a regulatory body)

Research regulatory matters and related impacts and document appropriate accounting treatment

Responsible for interfacing effectively with leadership (clear and direct communication)

Responsible for coaching, developing, motivating, conflict management, and decision making with staff

Attend business related meetings as needed

Note: This posting is for one position. Dependent on relevant experience, the level to which a candidate is aligned is outlined below.

Basic/Required Qualifications (Manager I)

Bachelor degree in Finance, Accounting, Economics, Business, or other related degree

Minimum of 8 years related work experience

Basic/Required Qualifications (Manager II)

Bachelor degree in Finance, Accounting, Economics, Business, or other related degree

Minimum of 8 years, including at least 2 years of successful direct people management experience

Desired Qualifications:

Prior supervisory experience desired with demonstrated ability to maintain a motivated and engaged team

Team oriented and interested in employee development

Strong leadership and effective interpersonal skills especially as it pertains to coaching and developing staff

Prior experience with rate filings (e.g., preparing, interpreting and/or accounting for base rate, fuel, rider and deferral requests)

Knowledge of regulated utility accounting and ratemaking principles

Knowledge of FERC and GAAP accounting, including significant differences between the two

Familiarity with FERC chart of accounts

Prior rate case experience from serving as or supporting the accounting witness

Experience in revenue accounting and analysis (weather/price/volume analysis and reporting)

Experience with accounting systems/applications including Peoplesoft and OneStream

Familiarity with Duke Energy’s customer billing systems (Customer Connect) and tariffs/rate schedules

Familiarity with Workiva financial reporting and FERC filing applications (and XBRL)

Experience in preparing FERC annual and quarterly reports

Working knowledge of Analysis Services or other reporting tools or applications

Licensed Certified Public Accountant

History of high-quality work in accounting environment with rigorous reporting and closing deadlines

Proven ability to manage multiple tasks simultaneously

Demonstrated ability to drive process efficiency improvements

Experience in an accounting research role; writing accounting position papers

Demonstrated ability to apply critical thinking and problem-solving skills to pertinent business issues

Demonstrated ability to communicate effectively both verbally and in writing with all levels of the organization

Working Conditions:

Hybrid Mobility Classification – Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to a Duke Energy facility. 

Professional office environment job using a personal computer. Will have to work long hours upon occasion and may need to travel periodically within regional territory (<5%). 

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Travel Requirements

5-15%

Relocation Assistance Provided (as applicable)No

Represented/Union PositionNo

Visa Sponsored PositionNo

Posting Expiration Date

Sunday, February 9, 2025

All job postings expire at 12:01 AM on the posting expiration date.

Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.

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