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MEAG Power · 1 month ago

Financial Reporting Specialist

Atlanta, GA, US

Full-time

Hybrid

Senior Level, Lead/Staff

10+ years exp

MEAG Power is an organization focused on financial reporting, and they are seeking a Financial Reporting Specialist responsible for preparing annual and quarterly financial reports for public disclosure. The role involves communication with various stakeholders and compliance with bond disclosure agreements and U.S. Department of Energy requirements.

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Comp. & Benefits

Responsibilities

Prepares MEAG Power’s annual consolidated financials (Annual Financials) for inclusion in the Annual Report and Annual Information Statement (AIS) in coordination/communication with management and staff, attorneys, external auditors, and the design company (for the Annual Report), as well as presenting to the Risk Management Audit Committee of the Board of Directors

Maintains a database of certain Participant financial/other information, as well as Participants’ audited financial statements, (Participant Information) and uses such data to prepare Quarterly Participant Reports (QPR) and AIS disclosures to comply with requirements of the Continuing Disclosure Agreements of MEAG Power’s outstanding bonds. This involves communication with management, attorneys, bond Trustees and the Participants

Files the following with MEAG Power’s bond Trustees and the Municipal Securities Rulemaking Board in accordance with SEC Rule 15c2-12:

Annual Financials in accordance with applicable bond resolutions

QPRs in accordance with Continuing Disclosure Agreements

Prepares MEAG Power’s Vogtle Units 3&4 Project Entities’ (SPVs) financials (annually) in accordance with timelines specified by Loan Guarantee Agreements with the DOE

Prepares MEAG Power’s quarterly reports for the first, second and third quarters of each year in accordance with timelines specified by the DOE and applicable credit agreements

Prepares and/or reviews for content/accuracy applicable MEAG Power financial or Participant-related disclosures in the AIS and MEAG Power’s Official Statements for bond issuance

Coordinates with the external auditors to facilitate their preparation of a comfort letter, which is part of the documents required for each bond closing. This involves communication/coordination with management and staff, MEAG Power and underwriter attorneys, as well as the external auditors. Certain Participant Information may also be needed for bond closings

Monitors and evaluates developments pertaining to accounting pronouncements issued by the Financial Accounting Standards Board and the Governmental Accounting Standards Board, which may impact MEAG Power’s financial statements or disclosures; determines accounting treatment/disclosures needed for compliance, as applicable

Provides MEAG Power financial or Participant Information as requested for special projects by management or bond rating agencies (Fitch, Moody’s or S&P)

Perform other duties as assigned

Qualification

CPA designationUtility accounting experienceFinancial reportingPublic disclosure documentsVerbal skillsWritten skillsDetail-orientedTime managementDecision making

Required

Bachelor's degree in accounting with at least 10-12 years of related experience demonstrating a progression in responsibilities

Knowledge and subject matter expertise is required to perform the position's complete responsibilities

Strong written and verbal skills commensurate for public disclosure documents, as well as correspondence with senior management, financial and legal professionals

Maturity/judgment to work with and maintain significant confidential information

Detail-oriented

Ability to manage tasks to meet specific and required deadlines

Ability to “think on your feet” and adjust to and/or make decisions under time constraints