Manager, Accounts Payable at ITC Holdings Careers

Novi, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

21 Apr, 26

Salary

0.0

Posted On

21 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounts Payable, Accounting, GAAP, FERC, Problem Resolution, Policy Development, Cost Efficiency, IT Solutions, Project Management, Staff Supervision, Training, Mentoring, Microsoft Office, Internal Controls, Financial Reporting, Public Utility Accounting

Industry

Utilities

Description

JOB SUMMARY Manage the accounts payable (AP) workflow, including adherence to established controls. Develops accounts payable policies in accordance with best practices and proactively promote efficient and cost-effective processes and strategic direction. Manage month-end accounting close for accounts payable. Ensures payments are applied to appropriate General Ledger accounts and departments. ESSENTIAL DUTIES & RESPONSIBILITIES Manage month-end close duties including timely close of AP system and preparation of month-end AP accruals and account reconciliations. Ensure payments are applied to appropriate general ledger accounts in accordance with Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) guidelines. Assist internal staff with problem resolution. Liaison with procurement, treasury and financial institutions to support the processing of payments and executing electronic fund transfers. Develop AP policies in accordance with best practices, cost efficiency and strategic direction. Maintain up-to-date knowledge of systems and regulations impacting the AP area (i.e., use tax) and implement appropriate changes. Partner with Information Technology (IT) and corporate accounting to identify, evaluate, recommend and manage the implementation of cost-effective IT solutions to meet strategic objectives. Lead or participate in project activities related to AP functions, bringing value to the company through total cost reduction, streamlining workflow and automation. Coach, mentor, train, develop, motivate and supervise staff. Assign and review work and appraise employees. REQUIREMENTS Bachelor's degree in Accounting or Finance or relevant, equivalent experience and/or education. CPA preferred Minimum of seven (7) years progressively responsible, professional level, experience in Accounting of which at least three years must be in AP. Minimum of two (2) years of experience supervising or managing others. Experience with Enterprise Resource Planning AP system, including implementation of AP related technology solutions. Public Utility / Federal Energy Regulatory Commission accounting experience preferred. Working knowledge of Generally Accepted Accounting Principles and internal controls related to accounting treatment for AP transactions. Expert knowledge and understanding of accounting and financial reporting best practices and internal controls. Working knowledge of Microsoft Office (Word, Excel, Outlook, PowerPoint and Access). Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H-1B or TN visas. Make a Power Move - For the Greater Grid: Reliable. Resilient. Ready. As AI innovation, automation and economic growth reshape the way we live and work, the demand on our power infrastructure is growing fast. At ITC, we’re building the greater grid that’s ready for today’s technology and tomorrow’s possibilities. Our people bring the power - fueling innovation and strengthening the grid every day. We’re looking for individuals who are ready to make a power move and help us build a greater grid for a more reliable and affordable energy future. ITC offers industry-leading compensation, benefits and opportunities to channel your energy into solutions. We foster a culture of belonging - where every voice is valued, differences are celebrated and everyone has the opportunity to thrive. Make a power move today.

Responsibilities

Manage the accounts payable workflow and ensure adherence to established controls. Develop policies and manage month-end accounting close for accounts payable.