Working as part of the Avangrid Renewables Business Performance group, the Accounting Group has full oversight
of the accounting and performance tracking for all finance activities. The Fixed Asset Accountant's role plays an
important part in supporting efforts in a very demanding environment with a particular focus on reporting capital
expenditure.
The Fixed Asset Accountant, which reports to the Fixed Asset Accounting Supervisor, plays an important role in
supporting the Financial Accounting team which works within the Avangrid Renewables Finance and Accounting
Department. This primary responsibility of this role will be to execute the fixed asset accounting process impacting
the financial statements for Avangrid Renewables. This role will contribute significantly to ensuring the integrity of
the US GAAP and IFRS financial statements by ensuring the completeness and accuracy of the Avangrid
Renewables Holdings, Inc. fixed asset accounting system and compliance with internal controls. This role may also
include other individual contributor responsibilities as determined by the Fixed Asset Accounting Supervisor.
Key Responsibilities - Performance of day-to-day fixed asset duties, including fixed asset accounting in compliance with both US
GAAP and IFRS.
- Collaborate with other accountants who are assisting with fixed asset requests.
- Identify and collaborate with the fixed asset accountants to implement fixed asset process improvements.
- Work with Iberdrola Control in Spain and Avangrid Control in Maine to resolve issues related to fixed assets.
- Performance of internal controls around fixed assets that is sufficient to address risks and comply with the
requirements of Section 404 of the Sarbanes Oxley Act (
- Ensure fixed asset controls are performed timely.
- Work with the Fixed Asset Accounting Supervisor to implement changes to depreciable lives and methods,
as needed.
- Analyze changes in fixed asset accounts to support the US GAAP and IFRS fluctuation analyses.
- Assist in preparation of fixed asset related deliverables to Avangrid for inclusion in the SEC filings (10-Q and
10-K).
- Work with the internal and external auditors as requested to meet their needs regarding their audits of fixed
assets and related controls.
- Assist in maintaining Fixed Asset module in SAP.
- Produce, record, and analyze monthly depreciation expenses.
- Close completed projects (Construction Work in Progress) into Fixed Asset module.
- Perform Fixed Asset and Project module reconciliation to General Ledger.
- Work closely with Tax Department for property tax reporting requirements.
- Perform ad hoc requests supporting the Fixed Asset Accounting Supervisor and Financial Accounting
Manager which may involve accounting research under both IFRS and US GAAP.
Requirements - Bachelor's degree in Accounting or the equivalent combination of education and experience.
- 3+ years' experience in industry or public accounting relevant to job requirements.
- Understanding of US GAAP / IFRS, including application.
- General Ledger experience.
- Experience with SAP (or similar integrated financial systems).
- Advanced Excel and other MS Office software skills.
Preferred Qualifications
All offers of employment are contingent upon the successful completion of a background check, references, drug
screen, verification of legal right to work in the U.S., and in some cases, a credit check. A credit check will be
administered when a prospective employee will be working in Finance, Accounting, Treasury or where duties may
involve handling of funds, accounts or cash.
Avangrid Renewables is an Equal Opportunity Employer. All qualified applicants will receive consideration for
employment without regard to race, color, religion, sex, national origin, protected veteran status, status as an
individual with a disability, or any other status or class protected by federal or state law.