Step into a future fueled by innovation, sustainability and purpose. At our Fortune 1000 diversified energy company, we’re not just shaping a cleaner energy future, we’re building a workplace where you can thrive. Join a team that values community, flexibility and growth, and enjoy competitive pay, comprehensive benefits and a culture that supports your personal and professional development. Let’s energize the future together.
New Jersey Resources is seeking an Intermediate Accountant - Fixed Assets to support financial reporting and analysis by compiling and analyzing account information, preparing balance sheets, income statement, and other special reports, reconciling discrepancies, and preparing journal entries. This role will also contribute to the development of accounting policies and procedures while ensuring compliance with SOX controls.
Major Responsibilities:
• Prepare and post fixed asset journal entries, including capitalization, transfers, retirements, depreciation, and accruals, in accordance with GAAP and regulatory requirements.
• Review capital expenditures and supporting documentation (e.g., invoices, work orders, project summaries) to determine proper capitalization, classification, and in-service dates; ensures timely and accurate asset set-up in the fixed asset subledger.
• Support the annual capital budgeting cycle by compiling and validating project forecasts, assisting with budget submissions and updates, and preparing supporting schedules and analyses for management review.
• Maintain alliance contractor profit calculations, including data collection, calculation support, internal audits, and variance analysis.
• Perform monthly fixed asset reconciliations between the fixed asset subledger, general ledger, and construction/project systems; investigate and resolves variances and prepare support for adjustments.
• Calculate and record monthly depreciation and amortization; review depreciation parameters (useful lives, methods, conventions) and support periodic depreciation studies or rate-case-related analysis, as applicable.
• Process asset retirements, disposals, and write-offs; evaluate supporting documentation for completeness and proper accounting treatment (including potential impairment considerations) and maintain audit-ready support.
• Maintain fixed asset accounting controls by performing and documenting key SOX/internal controls (e.g., capitalization reviews, system access controls, reconciliation sign-offs) and supporting control testing and remediation.
• Support the monthly close for fixed assets and construction work in progress (CWIP), including roll-forwards, project-to-asset capitalization, and preparation of supporting schedules for management reporting and regulatory/financial statement needs.
• Answer fixed asset accounting questions by researching and interpreting accounting policy and guidance (e.g., capitalization thresholds, componentization, leasehold improvements, AROs) and applicable regulatory requirements.
• Reconcile and analyze fixed asset-related balance sheet accounts (e.g., fixed assets, accumulated depreciation, CWIP, ARO/related liabilities as applicable); resolve discrepancies and prepare supporting schedules and explanations for period-over-period movements.
• Provide informal guidance and training to team members on fixed asset policies, month-end procedures, and system processes (e.g., asset set-up, transfers, retirements, depreciation runs), promoting consistent execution and strong internal controls.
• Provide supporting schedules for external reporting (e.g., 10-K/10-Q) and other required filings, including fixed asset roll-forwards, capital spending support, depreciation detail, and other fixed-asset-related disclosures, as assigned.
• Develop and maintain fixed asset process documentation, work instructions, and control narratives; identify opportunities to streamline workflows and improve data quality across capital project and fixed asset processes.
Position Requirements:
• Bachelors degree in Accounting or Finance
• 4 years experience in corporate or utility accounting
• Certified Public Accountant (CPA) or Chartered Accountant (CA) preferred
• Strong organization and communication skills
• Strong computer skills, including proficiency with Excel and other desktop applications
• Experience with Oracle ERP a plus
• Knowledge of FERC regulatory reporting preferred
• Ability to work independently and take on additional responsibilities as needed
* The above job description is reflective of the primary duties of this position and in no way limits the supervisor from assigning any other duties, responsibilities or initiatives as deemed necessary.
Other Details:
Compensation: Expected base pay range for this role will be $77,000- $104,000.
Base pay is based on several factors including, experience, skills, and knowledge.
This role will be eligible to participate in an annual short term incentive program.
Benefits That Support You
• Day one medical coverage, including prescription, vision and dental plans, so you’re supported right away.
• Our 401(k) plan has a generous company match to help you invest in your future.
• Employee Stock Purchase Program so you can share in the company’s success.
• Wellness perks, including free on and off site fitness centers and other programs to keep you feeling your best.
• A confidential Employee Assistance Program to support your wellbeing.
• Professional development and tuition reimbursement to help grow your skills and advance your career.
• Vacation and company-paid holidays, so you can rest and recharge.
• Flexible work arrangements with many roles offering hybrid options based on job responsibilities and business needs.
Job Location Type: Hybrid
New Jersey Resources is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, gender identity and/or expression, national origin, disability, veteran, or other protected status.
