Position overview

Delta Utilities is seeking a Fixed Asset and Allocations Lead Accountant to oversee the accounting and management of fixed assets and allocations processes. This role is responsible for maintaining accurate records of the company’s fixed asset portfolio, ensuring proper allocation procedures, and contributing to the overall efficiency of financial operations.

The ideal candidate has a strong background in fixed asset accounting, allocation systems, and process improvement. This is a full-time position based in New Orleans, Louisiana.  

Key Responsibilities

• Maintain and manage the fixed asset ledger, including additions, disposals, transfers, and depreciation schedules, ensuring compliance with company policies, regulatory principles, and applicable accounting standards
• Prepare and analyze fixed asset reports, including roll-forwards, depreciation schedules, and capital expenditure summaries
• Collaborate with project teams to track capital projects, ensure timely capitalization, and monitor authorized spending variances.
• Oversee the allocation billing process, ensuring accurate and timely allocations to affiliate companies customers in compliance with contracts and regulatory requirements,
• Collaborate with cross-functional teams to improve billing allocation processes and ensure alignment with financial reporting requirements
• Lead and mentor junior accountants involved in fixed assets and billing allocation activities, ensuring accuracy and compliance
• Develop and implement policies and procedures to enhance fixed asset management and billing allocation efficiency
• Identify opportunities for process automation and work with IT and finance teams to implement improvements
• Support internal and external audits by preparing and providing fixed asset and allocation billing-related documentation

Qualifications

• Bachelor’s degree in accounting, finance, or a related field; CPA or equivalent certification preferred
• At least five years of experience in accounting, with a focus on fixed assets and allocations billing; experience in a regulated industry (e.g., utilities, energy) is a plus
• Strong knowledge of accounting principles, including GAAP and fixed asset accounting practices
• Proficiency in ERP systems and fixed asset management software; familiarity with allocation systems is essential
• Advanced Microsoft Excel skills and the ability to work with large datasets
• Strong analytical, organizational, and problem-solving skills
• Excellent communication and interpersonal skills to collaborate across departments and with external stakeholders

About Delta Utilities

Delta Utilities is a leading natural gas utility with a focus on safe, dependable service to customers. Headquartered in New Orleans, Louisiana, the utility will serve nearly 600,000 customers and become one of the leading natural gas providers in Louisiana and Mississippi and among the top 40 providers in the United States.

In 2023, Entergy announced that it had entered into an agreement with Delta Utilities to sell its Louisiana gas distribution business. The natural gas utility currently serves more than 200,000 customers across East Baton Rouge and Orleans parishes. In February 2024, Delta Utilities entered into an agreement with CenterPoint Energy to acquire its Louisiana and Mississippi natural gas businesses, which currently serve approximately 381,000 customers. Once the transactions are complete, Entergy's Louisiana natural gas operations and CenterPoint Energy's Louisiana and Mississippi natural gas systems will be operated by Delta Utilities. Learn more: https://deltautilities.com/ 

Delta Utilities and associated entities are equal-opportunity employers. We do not discriminate against employees or applicants for employment on any legally recognized basis or any protected class under federal, state, or local law.

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