Accountant

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state. The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future. The NYISO’s Finance department invites applications for a full-time Accountant. This position is primarily responsible for the oversight of all functions associated with one or more of the following areas of accounting; - Cash - Accounts Payable - Accounts Receivable – Market Operations - Accounts Receivable – Interconnection Projects - Accounting for Prepaid Expenses - Accounting for Payroll and Benefits In addition, this position will back up other department Accountants as required. **ESSENTIAL DUTIES and RESPONSIBILITIES** - Prepare journal entries and provide appropriate supporting documentation - Prepare accurate account reconciliations for assigned general ledger accounts on a daily/and or monthly basis depending on the account. - Prepare schedules for inclusion in the Monthly Financial Report and submit to Finance Management for review. - Cross train other Accounting staff on area of responsibility and accept cross-training from other members of the Accounting team. - Respond to inquiries from internal and external customers. - Assist Management in the development of administrative policies and procedures. - Provide suggestions to process enhancements along with improvements to internal control structure. - Participate in coordination of internal and external audits. - Maintain confidentiality of designated information. - Assist with special projects as assigned. - Perform basic clerical duties (i.e., filing, copying, faxing, etc.). **Cash** - Analyze and reconcile activity in bank accounts on a daily/and or monthly basis depending on the account. - Prepare daily cash reconciliation schedules/reports and provide to management for review **Market Clearing Receivables & Payables:** - Process Market Participant accounts receivables and payables according to NYISO’s policies and procedures. - Prepare basic reports for Market Participants’ receivables and payables activity. - Perform daily cash status monitoring activities to accurately reflect NYISO and Market Participant cash balances and prepare reports for all bank accounts. - Maintain records to support Market Participant’s tax status - Coordinate issue resolution for foreign based Market Participants to ensure proper approval prior to entering the NYISO market. - Invoice annual governance fees to Market Participants’ and coordinate with Committee Support to determine appropriate method of invoicing while ensuring accuracy of invoicing. - Refund Working Capital Fund annual accumulated interest. - Compute foreign tax withholdings on a monthly basis to facilitate the research and preparation of the annual Foreign Tax Filing for respective Market Participants. - Prepare and evaluate Market Participants’ annual Working Capital Rebalancing - Prepare and evaluate Market Participants’ Bad Debt Allocation as needed. - Research and prepare Form 1099 for all Market Participants, as appropriate. **Planning Studies Receivables & Payables:** - Calculate and process planning studies invoices - Process accounts receivables and payables payments according to NYISO’s policies and procedures. - Prepare basic reports for Planning Studies receivables and payables activity. - Perform daily cash status monitoring activities to accurately reflect NYISO and Planning Studies cash balances and prepare reports for all bank accounts. **Accounts Payable:** - Oversee the billing, invoicing, and reconciliation procedures for developers of Interconnection Studies. - Coordinate with the Planning Department to regularly communicate the status of I…