VP, Controller NY

About us

National Grid owns and operates electricity and gas transmission and distribution networks across our New York and New England business units, with over 5 million customers across our businesses.  We are investing over $80bn over five years in our networks in the UK and the US, with a range of ground-breaking projects to expand and transform our networks to meet the energy future.

We are looking for a Vice President, Controller for our New York Business Unit (BU) and consolidated U.S. holding companies. This role will ensure the integrity of our external reporting and control environment, and partner with the New York Chief Financial Officer (CFO), Group Controller, and other key stakeholders to influence successful business outcomes.

The role reports to the New York CFO.

Job Purpose

The Vice President, Controller will be accountable for the integrity of the internal and external financial information for the three operating companies making up our New York Business Unit, as well as National Grid Service Company, National Grid USA Consolidated (NGUSA), and National Grid North America Consolidated (NGNA). The role will partner closely with the Controllers of our New England and National Grid Ventures Business Units, as well as the Group’s Enterprise Business Services team.

The role requires strong commercial, technical, and regulatory acumen as well as prior experience with accounting, financial reporting, tax, and regulatory reporting. This person will lead and develop a team of around 19 people (three direct reports), and will build strong relationships with a range of internal and external stakeholders.

The person will also provide accounting and regulatory support to the broader US Finance function, ensuring sound technical principles are embedded in financial processes, and will educate the New York business on the financial impact of key business decisions.

Key Accountabilities

• Financial statement certification for our New York operating companies, National Grid Service Company, NGUSA and NGNA, as well certification of U.S. SOX controls
• Accurate analysis, reporting, and narrative to explain financial results for the New York BU to internal and external audiences, including the development of a top-down view of performance
• Orchestration, review, and challenge of the consolidated Strategic Plans and Budgets for the New York BU, including identification of risks and opportunities that could impact delivery
• Concluding on complex accounting matters impacting the New York BU, (e.g. rate regulated matters, power purchase agreements, environmental remediation liabilities, and pension and other post-retirement benefit obligations). Liaising with Finance and BU Leadership to provide subject matter expertise to the business on accounting principles and impact to the financial statements
• Prime relationship point for external auditor, driving the annual and interim audits to successful completion
• Maintaining overall supervision and drive improvements in the SOX control environment
• Maintaining close partnership with National Grid’s Centers of Expertise (Treasury, Pensions, Tax, Insurance), developing business knowledge and technical acumen
• Partnering with the New York Regulatory team to provide accounting expertise and support during the rate case process and other regulatory proceedings
• Leading Controllership and FP&A-related projects, including implementation of new accounting standards

Candidate requirements

• Qualified accountant with significant SOX and FP&A experience
• Strong technical credentials, with a background in audit preferred
• Experience managing external auditors on large company audits
• A track record of implementing significant new accounting standards
• Experience with significant system implementations
• Experience with both US GAAP and IFRS required
• Knowledge of ASC 980 and FERC Uniform System of Accounts preferred
• Experience with regulated utilities or the broader energy sector preferred

More Information

This will close for applications on Tuesday 12th May.

Salary: $231,000 - $289,000
Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.

Location: the role will be based at our Brooklyn, NY, office.

National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise.  We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.