Accountant I – Plant

Job Description

Fixed Asset Accountant I | UGI Utilities, Inc.

The Tone:
This is a full-time role at UGI Utilities, Inc. UGI Utilities provides a superior range of energy products and services to 750,000 customers across 45 counties in Pennsylvania and 1 county in Maryland, focusing on safety and affordability. This role is crucial for maintaining accurate records of the company’s plant balances, ensuring proper financial reporting and supporting the reliable delivery of energy to communities.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person

• Mission: To accurately prepare and maintain records supporting the Company’s plant balances, ensuring proper accounting for capital projects, assets, and retirements.
• Tech Stack: SAP, PowerPlan, Excel, ERP accounting systems, fixed asset systems

What You’ll Actually Do
• Monthly Close: Manage financial close procedures for plant balances, including preparing journal entries, completing account reconciliations, documenting SOX controls, and performing balance sheet variance analysis.
• Capital Project Evaluation: Monitor outstanding Construction Work in Progress (CWIP) balances, correspond with project managers on long-standing balances or unusual adjustments, and ensure appropriate tracking and timely capitalization of short-term jobbing and preliminary project costs.
• Order Release Management: Release orders within SAP for new projects and reauthorizations, reviewing for appropriate approval per DOA policy, correct AFUDC flag, capitalizable nature, and setup of cost allocation estimates.
• Asset Record Maintenance: Record final assets and retirements in the company’s plant records based on completion notices from project managers and information from the GIS department, following up on notices not received in a timely manner.
• Process Improvement: Perform testing of system developments related to areas of responsibility and assist in identifying opportunities to reduce risk and manual processes within the fixed asset accounting function.

The Must-Haves
• Background: Bachelor’s degree in accounting or a related field preferred. Knowledge of GAAP, including technical accounting principles.
• Experience: 1+ years’ experience preferred, with familiarity in ERP accounting systems, fixed asset systems, and Excel.
• Skills: Strong computer proficiency, the ability to independently research and resolve issues, strong written and oral communication skills, keen attention to detail, and a high degree of organizational skills.
• Bonus: Familiarity with regulatory accounting practices as well as FERC accounting.