Sr Advisor Project Accounting

Posting End Date:

June 03, 2024

Employee Type:

Regular-Full time

Union/Non:

This is a non-union position

At Enbridge, our core values of safety, integrity, respect, and inclusion drive our mission to support and improve the communities in which we live and work. We put people first and strive to make our communities better places! As such, we are excited to welcome an Advisor onto the Liquids Pipeline Project Accounting team!

Have you ensured effective accounting and governance procedures for safeguarding capital assets in accordance with US GAAP, SOX controls and other internal policies are in place and followed? If so, then we encourage you to apply to your next career opportunity!

While on the team you will partner and collaborate with the business on the delivery of all project accounting activities by engaging with collaborators to cultivate and grow relationships that are critical to the success of the Liquids Pipeline Capital Assets team. You will look for opportunities to integrate with internal project teams to initiate, develop and deliver business requirements and training at regular intervals while reviewing and monitoring the Liquids Pipeline capital project entities for the Alberta based project accounting team.

We look forward to reviewing your application in consideration of this outstanding opportunity.

What you will do:

• Review, process and approve Authorization for Expenditure (AFE) submissions and setup/baseline new AFEs and AFE revisions. This includes providing guidance to AFE initiators and approvers and troubleshooting and resolving issues. A sound understanding of Delegation of Authority (DOA) is required to ensure that appropriate funding support is in place prior to approving AFEs.

• Gain a solid understanding of the Capitalization Policy, Distributable Cash Flow (DCF) Capital Classifications and knowledge of Intangibles and Contributions In Aid of Construction (CIAC) requirements that are essential for proper AFE setup.

• Maintain a sound understanding of Enbridge’s Liquids Pipeline legal entity, Line of Business (LOB) and Operating Unit (OU) structure.

• Maintain a working knowledge of US GAAP with the objectives of ensuring accurate accounting and financial reporting treatment.

• Gain an adequate understanding of various Liquid Pipeline commercial agreements that have an impact on capital.

• Monitor and manage AFE’s In Service Dates (ISDs), project end date extensions, Capital Interest (AFUDC) flags etc.

• Coordinate and administer monthly project cost sign-off in accordance with SOX requirements.

• Prepare quarterly SOX CWIP review and collect responses from Project Managers team.

• Validate DCF Capital Classifications and monitor changes via lists and vetting process for all AFEs.

• Alert project teams on cost overruns and need for budget revisions.

• Monitor inactive AFEs and coordinate project closure. Administer project close out forms to ensure unitization is done in a timely manner.

• Aggregate, review, and process monthly project accruals in accordance with established procedures.  

• Identify and maintain unique project lists (i.e. Post Construction Environmental Monitoring) in collaboration with the business.

• Provide scheduled training and ongoing support/guidance on Capitalization policy, Capital Classification, DOA, Accruals, Project setup and Oracle Project Management (OPM) workflow etc.

• Provide training and mentorship to peers and junior staff members within the department.

• Administer Project Accounting SharePoint site and review and update reference materials in the Capital Assets ELink page.

• Collaborate with other locations and setup and monitor Inter Project (IP) and Cross Company projects. Prepare intercompany entries and aid in coding.

• Perform Tangibles vs. Intangibles analysis, reconcile against applicable GL balances and make necessary adjusting entries.

• GAAP Account recs (CWIP, RWIP, Intangibles)

• FERC Account Reconciliations

• Source AFUDC rates for LP and supply to Corp PA team for input

• PA Reporting (Regulatory, Tax)

• CWIP by State/Province Reporting for Liquids Pipeline

• Respond to PwC inquiries and other audit requirements.

• Support Capital Review processes during the Budget / LRP cycle. Attend CRC meetings as needed.

• Establish engagement and feedback loop with partners

• Become skilled at managing any other unique aspects of the business unit that does not need Fixed Asset Accounting’s involvement.

• Provide assistance to Fixed Asset Accounting Liquids Pipeline