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Principal Managerial Accounting Analyst


Tempe, AZ, US

Date:  Nov 16, 2023

Requisition ID: 16502


Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.


Why Work at SRP

SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:

  • Pension Plan (at no cost to the employee)
  • 401(k) plan with employer matching
  • Available your first day: Medical, vision, dental, and life insurance
  • Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
  • Parental leave (up to 4 weeks) and adoption assistance
  • Wellness programs (including access to a recreation and fitness facility)
  • Short and long-term disability plans
  • Tuition assistance for both undergraduate and graduate programs
  • 10 Employee Resource Groups for career development, community service, and networking


The Principal Accounting Analyst is an SAP Controlling (CO) subject matter expert within the Corporate Accounting Services organization responsible for leading and executing all matters relating to SRP’s managerial accounting including overhead loads, allocation processes and procedures, and accounting cost flows. The Principal Accounting Analyst is a critical role supporting complete, accurate, and timely budgeting, accounting, and reporting.

What You'll Do

  • Direct and execute all matters associated with overhead loads and allocations processes
  • Lead projects and teams with broad visibility
  • Understand relationship between cost-flow, accounting fundamentals, and financial statements
  • Direct business areas related to cost center organizational changes, allocations, and clearings 
  • Monitor overhead load rates and propose adjustments to management 
  • Communicate load rates changes and other information to stakeholders and management
  • Participate in and provide key data during the annual budgeting cycle 
  • Prepare overhead load rate allocation studies by working with business areas and analyzing data to develop and update load rates needed for budget/actuals reporting 
  • Provide guidance for master data creation identifying appropriate use of costing sheets, cost center clearings and allocations, and FERC indicator 
  • Utilize SAP and available reporting to execute tasks, collect data and conduct analyses
  • Prepare and present information to executive management and other stakeholders
  • Execute period-end close activities related to load rate allocation and settlement activities
  • Coordinate and work closely with other areas including SAP technical support  
  • Provide technical input, mentor and train others on SAP functionality, reporting and analysis
  • Prepare supporting monthly, quarterly and annual reports for stakeholders
  • Troubleshoot accounting and SAP issues related to assigned areas
  • Serve as FERC subject-matter expert supporting FERC regulatory information needs and inquiries, as well as processing the FERC module
  • Provide accounting and SAP direction, information and analysis as requested 
  • Provide support to internal and external auditors as required
  • Develop and maintain back-up capabilities by engaging in knowledge sharing and training efforts
  • Identify opportunities for process changes and improvements where appropriate
  • Perform various, often complex accounting procedures (e.g., journal entries, account reconciliations, etc.)
  • Work with other utility industry representatives on various matters of mutual concern
  • Contributes to the overall success of the department by performing all other duties and responsibilities as assigned, maintaining high levels of accuracy, maintaining a professional demeanor and appropriate levels of confidentiality, and providing excellent customer service
  • Complete other miscellaneous projects and ad hoc assignments

What It Takes To Succeed

  • Minimum 10 years professional experience
  • Minimum 2 years of large ERP experience required (SAP Preferred) 
  • Certified Public Accountant (CPA) designation of Certified Management Accountant (CMA) designation preferred.


Completion of a Bachelor's Degree from an accredited institution plus an additional 18 graduate level college credits in an area of specialty.

Additional Information

  • Completion of a Bachelor's Degree from an accredited institution plus an additional 18 graduate level college credits in the area of specialty or CPA or CMA professional certifications.  A degree in a business or relevant analytical field of study, including, Finance, Accounting, Business Administration, Economics, Management Information Systems, or related field is preferred.
  • Proficient in MS Office Suite including advanced Excel and PowerPoint
  • Demonstrated ability to work collaboratively in a team environment
  • Demonstrated ability to organize a diverse workload, work independently, and complete work accurately and within deadlines
  • Strong analytical and problem-solving abilities, with keen attention to detail
  • Strong communication, interpersonal and presentation skills proven ability to both listen effectively, articulate complex concepts simply and coherently
  • Demonstrated ability to work collaboratively in a team environment


Hybrid Workplace

SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona. We are taking steps to protect the health and well-being of all team members, and by following a number of health and safety protocols, to reduce the risk of the coronavirus (COVID-19).


Drug/Alcohol Policy Statement

To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.


Equal Opportunity Employer Statement

Salt River Project (SRP) recognizes diversity and inclusion as key drivers of innovation and growth, and seeks to attract a diverse employee base that reflects our community. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status or any other protected status under applicable federal, state or local law. Ultimately, SRP aspires to fully apply the power of diversity and inclusion to build a more equitable and sustainable future for our customers, employees and community.


Work Authorization

All candidates must be legally authorized to work in the United States.
Currently, SRP does not sponsor H1B visas.


Nearest Major Market: Phoenix

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