Manager I/II - Carolinas Regulatory Accounting and Reporting

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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