Asset Accountant

About the RWA:

At the South-Central Connecticut Regional Water Authority (RWA), we provide more than just water—we deliver life-sustaining resources to nearly 430,000 consumers every day. As a not-for-profit public corporation driven by our commitment to excellence and community, we take pride in being responsible stewards of over 28,000 acres of land, ensuring the sustainability of our environment for future generations. Guided by the principles of Conscious Capitalism, we believe in the power of business to make a positive impact on the region we serve.

When you join the RWA, you have more than a job, you have a purpose and will become part of a team that values integrity, environmental stewardship, and community service. You’ll work with purpose, knowing that every drop of water we deliver makes a difference, and that our customers trust us to uphold the highest standards of reliability, sustainability, and care.

JOB SUMMARY:

Perform accounting functions related to managing the Authority’s capital asset records and work with managers to stay up to date on current capital projects.  Responsibilities include maintaining two asset databases, developing asset management policies, actively participating on in-house capital project teams, research historical records and perform current year capital asset related functions.

Responsibilities:

1. Manage capital asset accounting throughout the asset lifecycle, including construction work in progress (CWIP),   capitalization, transfers, retirements and depreciation
2. Manage the Great Plains fixed asset module for both the UPIS and PILOT records
3. Reconcile capital assets and CWIP records to the general ledger; investigate and resolve discrepancies
4. Coordinate with project managers to monitor project status, identify completed projects and ensure timely transfers to utility plants in service (UPIS)
5. Assist in weekly funding in regard to capital transactions
6. Update Capital Budget
7. Project number tracking including determining the appropriate account numbers to use for new Capital projects
8. Prepare the Capital Authorization (monthly to Trustee)
9. Prepare the Capital Variance Report
10. Prepare Schedule C reports (quarterly capital spending “budget vs actual” report)
11. Review Pipe Sheets (provided by Contractors)
12. Work with Contracts on Developer Pipe Projects to acquire certification of RWA ownership of assets
13. Prepare year-end schedule for audit and regulatory reporting
14. Prepare annual contributions-in-aid-of-construction amortization entry
15. Develop policies and procedures for fixed assets
16. As necessary, accounting functions related to special projects
17. Research historical records related to asset acquisition
18. Monitor cash flow related to asset acquisition

QUALIFICATIONS:

• Bachelor’s degree in Accounting
• Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity. 

Experience/Skills/Abilities:

• 5 - 7 years of accounting work
• Knowledge of utility accounting and ability to work independently
• Strong analytical and communication skills
• MS Office including strong Excel skills

Why Join the RWA?

• Be part of a forward-thinking organization that values innovation, collaboration, and continuous improvement
• Enjoy opportunities for career growth and professional development
• Competitive benefits package

The RWA’s comprehensive benefits package includes:

• Medical, dental, vision, and life insurance
• Generous paid time off

• Short-term and long-term disability coverage
• 401k and tuition reimbursement plans
• Wellness Program & Incentives