Principal Accountant

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Date: Jun 23, 2024

Location(s): Juno Beach, FL, US, 33408

Company: NextEra Energy

Requisition ID:  79478 

Florida Power & Light Company is America’s largest electric company, providing clean, affordable, and reliable electricity to more than 12 million people in Florida. We operate one of the cleanest power generation fleets in the U.S. and our reliability is among the best in the nation. Our goal is to achieve Real Zero carbon emissions from our operations by 2045 by expanding our solar capacity, increasing battery storage and bringing new renewable energy opportunities to Florida, while improving customer affordability and reliability. Are you interested in becoming a game-changer in the energy industry?  Join our world-class team today! 

 

Position Specific Description

Position Specific Description

We are looking for a Principal Accountant to provide support to the Energy Market and Trading group within Florida Power & Light Company and NextEra Energy Resources. This position reports to our Director Accounting MTM, Reporting and Forecasting. 

 

In this role you will:

  • Provide timely and accurate accounting and financial reporting of the Company’s derivative contracts and related mark to market of those activities
  • Maintain NEE fair value and Non Qualifying Hedge (“NQH”) (non GAAP earnings measure) accounting policy
  • Prepare all required NEE fair value disclosures for SEC reporting
  • Provide accounting and financial planning and analysis support to the energy trading and marketing business units: analysis of earnings, cash flow and trader P&L
  • Support the Company’s interest rate swap accounting and forecasting
  • Provide support to management on the balance sheet, income statement and cash flow impact of various trading strategies and transactions

 

Specific Responsibilities


Accounting and Financial Reporting

  • Ensure an accurate and timely monthly, quarterly and year end close
  • Prepare quarterly fair value disclosures and related support
  • Support the daily review of all new energy trading deals for proper accounting treatment and day 1 reserves
  • Leverage the use of advance reporting tools (MSBI and SAPBOBJ) to support and improve the reporting process

 Business Unit Financial Planning & Analysis Support

 

  • Maintain the P&L forecast for the trading business units based on assumptions provided by business unit leadership
  • Prepare and analyze forecasted balance sheet and cash flows
  • Prepare monthly Trading P&L, analyze variances, and review results with trade floor personnel and business unit leadership
  • Prepare and monthly budget vs. actual and variance explanations for Corporate reporting and review with business unit leadership

 
Ideal Candidate will have

  • Advanced Excel Skills
  • Proficient in SAP, Trading accounting systems and Microsoft Business Intelligence (MSBI)
  • Advanced ability to use, and help facilitate the design of, advanced reporting tools (MSBI and SAP BOBJ) to support the reporting process
  • Strong technical accounting knowledge, with proven analytical skills
  • Excellent written and oral communication skills in order to effectively communicate guidance and recommendations to management
  • Six Sigma experience and Process improvement mindset
  • Ability to multi-task
  • Expertise in Energy Trading Accounting

 

Job Overview

Employees in this role develop accounting policy through analysis of GAAP and business practices. Ensures accounting treatment is practical, cost-beneficial and accurately portrays the economic substance of business transactions.

Job Duties & Responsibilities


•   Analyzes proposed transactions for structure and proper accounting treatment under authoritative accounting literature
•   Reviews changes in technical accounting literature, develops positions and present to management
•   Maintains awareness of accounting issues being considered by regulatory bodies and advises management of important matters
•   Ensures consistent application of accounting policies
•   Performs other job-related duties as assigned

Required Qualifications

•  Bachelor's - Accounting / Finance / Business
•  Experience: 6+ years

Preferred Qualifications


•  Certified Public Accountant (CPA)
•  Master's - Business Administration
•  Master's - Accounting / Finance
•  Certified Management Accountant (CMA)

 

Employee Group:  Exempt
Employee Type:  Full Time
Job Category:  Finance, Accounting & Business Analytics
Organization:  Florida Power & Light Company 
Relocation Provided:  Yes, if applicable

 

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.

 

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.

 

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

 

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

 


Nearest Major Market: Palm Beach
Nearest Secondary Market: Miami

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