Senior Accountant – Transmission Revenues

Consumers Energy

Senior/Lead Transmission Revenue Accountant overseeing complex accounting for transmission service revenues across multiple companies. Ensures accuracy and compliance in settlements and regulatory accounting.

Posted 6/10/2026full-timeNovi • Missouri • 🇺🇸 United StatesSeniorWebsite

Tech Stack

Tools & technologies

RTOS

About the role

Key responsibilities & impact

Oversees and performs complex accounting activities related to the data collection, analysis, billing, and recording of transmission service revenues across multiple operating companies.
Leads and executes processes related to formula rate true-ups, regulatory accounting, settlements, and revenue requirement support.
Serves as a subject matter expert in transmission settlements, regulatory accounting, and Regional Transmission Organization (“RTO”) related billing activities, ensuring accuracy, compliance, and effective communication with internal and external stakeholders.
Prepares, analyzes, and reconciles monthly billed revenue, aspects of the formula rate true-up, and other data relevant to transmission revenues and regulatory accounting.
Maintains and administers spreadsheets used to compute network and billing loads, including tracking historical load changes.
Creates and manages revenue models for joint zone revenue distribution and billed revenue recording within the Midcontinent Independent System Operator (MISO) and Southwest Power Pool (SPP).
Leads and/or participates in the annual actual protocols process for MISO and SPP, coordinating with Finance and Regulatory teams.
Supports management’s assessment of the company’s ability to apply regulatory accounting, evaluates recoverability of regulatory and intangible assets, and ensures regulatory liabilities are properly recorded.
Communicates with RTOs (MISO & SPP), transmission partners, customers, auditors, and other stakeholders regarding settlements and regulatory accounting matters.
Coordinates with regulatory, legal, engineering, finance, and accounting teams to resolve settlements, regulatory accounting, and ratemaking issues.
Leads or contributes to process improvements for settlements and regulatory accounting activities.

Requirements

What you’ll need

Bachelor’s degree in Accounting, Finance, or related field; or equivalent experience.
Minimum 5 years of relevant professional accounting experience for Senior level.
Minimum 7 years of relevant professional accounting experience with increasing responsibility for Lead level.
Public accounting and/or utility industry experience preferred.
Strong working knowledge of Federal Energy Regulatory Commission (FERC), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), and Securities and Exchange Commission (SEC) authoritative literature preferred; Lead level expected to operate as a subject matter expert.
Understanding of Sarbanes‑Oxley compliance and auditing requirements.
Advanced proficiency in Microsoft Excel; strong skills in other Microsoft Office applications and financial systems.
Ability to understand and interpret contracts as they relate to transmission revenue accounting.
Applicants must be authorized to work in the United States for any employer.

Benefits

Comp & perks

ITC offers industry-leading compensation, benefits and opportunities to channel your energy into solutions.
We foster a culture of belonging - where every voice is valued, differences are celebrated and everyone has the opportunity to thrive.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

accountingregulatory accountingformula rate true-upssettlementsrevenue requirement supportdata analysisrevenue modelingfinancial reportingcontract interpretationcompliance

Soft Skills

leadershipcommunicationcollaborationproblem-solvingorganizational skills

Certifications

Bachelor’s degree in AccountingBachelor’s degree in Financepublic accounting experience