Supervisor, Joint Venture Accounting and Reporting

Posting End Date:

April 07, 2024

Employee Type:

Regular-Full time

Union/Non:

This is a non-union position

Enbridge has an exciting opportunity for you! Supervisor, Joint Venture Accounting and Reporting is responsible for preparing and reviewing the general financial and reporting aspects of matters impacting our joint venture arrangements.  The Joint Venture group is the primary point of contact acting to ensure the optimization of the financial performance of our joint venture activities and to proactively respond to the needs of both our internal and external stakeholders. They are responsible for keeping accurate accounting and reporting records, facilitating proper cash management procedures, maintaining positive business relationships with partners, and bringing to bear knowledge and experience to assist other departments as various requests or issues arise.

See below to understand the full scope, and we look forward to your application!

What you will do:

• Sound fundamentals of US GAAP accounting and GAAP and FERC Reporting Standards to ensure day to day accounting operations and reporting are done in compliance with the applicable accounting and reporting standards.
• Review and approve monthly GAAP financial statements supporting schedules to be provided to internal management and partners
• Review and approve monthly journal entries including joint venture billings
• Review  and approve monthly actual income statement variance analysis
• Review account reconciliations and monthly actual variance analysis
• Review and coordinate cash calls and cash distributions with partners
• Knowledge to aid in the preparation and completion of  FERC financial statements inclusive of footnotes and supplemental pages
• Review and approve quarterly and annual FERC Form 3Q and Form 2 Filings
• Perform research and analysis for ad hoc questions or requests from partners or internal stakeholders
• Interact with other groups inside the company (including Financial Planning and Analysis, Business Development, Treasury, and Reporting)
• Coordinate and interact with internal and external auditors on quarterly and year-end audits
• Ensure compliance with SOX controls and related reporting requirements
• Provide coaching and development to direct reports and other team members
• Special projects as required
• Internal Stakeholders:
• Business Development – Interactions include assisting in partnership negotiations, managing partner relationships, understanding operating and construction budgets and supporting Management Committee operations.
• Regulatory – Interactions include assisting during rate proceedings and other filings, ensuring accounting policies are in-line with and support regulatory requirements.
• Legal – Interactions include assisting during partnership negotiations and on any issues that may arise later (i.e. closing out potential findings from partnership audits)
• Treasury – Interactions include assisting during financing transactions, with annual ratings agency presentations for the partnerships and with cash management matters.
• Tax – Interactions include discussing income and property tax impacts on potential transactions, partnership negotiations, and accounting policies.
• Other accounting functions (Financial Reporting, FP&A) – Including CAO, Operations Accounting Controller, and direct reports. Interactions include ensuring financial reporting disclosures are accurate and fairly presented, assisting in research and documentation on technical accounting matters.
• External Stakeholders:
• Accounting point of contact for our partnerships – Interactions include assisting with their accounting policies, review of monthly operating results, forecasting future results for their internal reporting purposes and dealing with joint venture audits.
• Independent auditors and audit staff from joint venture partners – facilitating auditor access, responding to questions, supporting company positions.

You have:

• A bachelor degree in Accounting or Finance
• 7+ years or equivalent of related experience
• Knowledge of Oracle Cloud, HFM, Workiva – FERC Compliance Reporting
• Excellent organization, planning, and analytical skills

You can:

• Demonstrate the ability to communicate effectively with all levels in the organization
• Work independently on complex technical issues
• Demonstrate the ability to independently research, investigate, analyze, reconcile and evaluate all financial data and make sound decisions

You are:

• Someone who demonstrates broad business and technical knowledge in resolving problems
• Someone with time and priority management
• A p