Accountant

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state. The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future.  The NYISO’s Finance department invites applications for a full-time Accountant. This position is primarily responsible for the oversight of all functions associated with one or more of the following areas of accounting;   Cash  Accounts Payable  Accounts Receivable – Market Operations  Accounts Receivable – Interconnection Projects  Accounting for Prepaid Expenses  Accounting for Payroll and Benefits  In addition, this position will back up other department Accountants as required.   ESSENTIAL DUTIES and RESPONSIBILITIES    Prepare journal entries and provide appropriate supporting documentation  Prepare accurate account reconciliations for assigned general ledger accounts on a daily/and or monthly basis depending on the account.    Prepare schedules for inclusion in the Monthly Financial Report and submit to Finance Management for review.  Cross train other Accounting staff on area of responsibility and accept cross-training from other members of the Accounting team.  Respond to inquiries from internal and external customers.  Assist Management in the development of administrative policies and procedures.  Provide suggestions to process enhancements along with improvements to internal control structure.  Participate in coordination of internal and external audits.  Maintain confidentiality of designated information.  Assist with special projects as assigned.  Perform basic clerical duties (i.e., filing, copying, faxing, etc.).  Cash   Analyze and reconcile activity in bank accounts on a daily/and or monthly basis depending on the account.  Prepare daily cash reconciliation schedules/reports and provide to management for review  Market Clearing Receivables & Payables:   Process Market Participant accounts receivables and payables according to NYISO’s policies and procedures.  Prepare basic reports for Market Participants’ receivables and payables activity.  Perform daily cash status monitoring activities to accurately reflect NYISO and Market Participant cash balances and prepare reports for all bank accounts.  Maintain records to support Market Participant’s tax status  Coordinate issue resolution for foreign based Market Participants to ensure proper approval prior to entering the NYISO market.   Invoice annual governance fees to Market Participants’ and coordinate with Committee Support to determine appropriate method of invoicing while ensuring accuracy of invoicing.  Refund Working Capital Fund annual accumulated interest.  Compute foreign tax withholdings on a monthly basis to facilitate the research and preparation of the annual Foreign Tax Filing for respective Market Participants.  Prepare and evaluate Market Participants’ annual Working Capital Rebalancing   Prepare and evaluate Market Participants’ Bad Debt Allocation as needed.  Research and prepare Form 1099 for all Market Participants, as appropriate.  Planning Studies Receivables & Payables:   Calculate and process planning studies invoices  Process accounts receivables and payables payments according to NYISO’s policies and procedures.  Prepare basic reports for Planning Studies receivables and payables activity.  Perform daily cash status monitoring activities to accurately reflect NYISO and Planning Studies cash balances and prepare reports for all bank accounts.  Accounts Payable:   Oversee the billing, invoicing, and reconciliation procedures for developers of Interconnection Studies.  Coordinate with the Planning Department to regularly communicate the status of Interconnection Projects.  Research and prepare Form 1099 for all independent contractors, as appropriate.  Serve in a back-up role to generate payments to vendors according to approved policies.  Generate weekly payment batches, address vendor and departmental questions and enter vendor information accurately into financial accounting software.    Serve in a back-up role to determine amounts prepaid in advance of service month.  Record prepayments and amortize expense on a monthly basis.  Qualifications include: Bachelor degree in Accounting, or with a concentration in accounting, required.  Five years experience in accounting in a corporate setting, focusing on general ledger reconciliations, cash, accounts payable, and accounts receivable; or equivalent combination of education, training and experience.  ADDITIONAL REQUIREMENTS   Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or government regulations.  Ability to write reports, business correspondence and procedures.  Ability to effectively present information and respond to questions from managers, vendors, Market Participants and the general public. The candidate must have the ability to calculate basic figures and amounts such as discounts, interest, percentages, etc. The candidate must have communication and interpersonal skills. Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet programs.  Competency in Oracle Financials is beneficial, but not required. Ability to define problems, collect data, establish facts and draw valid conclusions.  Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.  PHYSICAL DEMANDS    While performing the duties of this job, the employee is regularly required to talk or h